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Revenue Recognition
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Revenue by Source
Three Months Ended March 31,
20242023
Instruments$1,614,000 $1,896,000 
Consumables3,464,000 2,235,000 
Software1,750,000 1,316,000 
Total product revenue6,828,000 5,447,000 
Service and other1,941,000 1,968,000 
Total revenue$8,769,000 $7,415,000 
Revenue by Geographic Location
Three Months Ended March 31,
20242023
$%$%
Americas$4,690,000 53 %$3,444,000 47 %
EMEA3,133,000 36 %2,992,000 40 %
Asia Pacific946,000 11 %979,000 13 %
Total$8,769,000 100 %$7,415,000 100 %
The table above provides revenue from contracts with customers by source and geographic region (based on the customer’s billing address) on a disaggregated basis. Americas consists of North America and South America. EMEA consists of Europe, the Middle East, and Africa. Asia Pacific includes China, Japan, South Korea, Singapore, India and Australia.
For the three months ended March 31, 2024 and 2023, the United States represented 42.6% and 41.2% of total revenue, respectively. No other countries represented greater than 10% of revenue during the three months ended March 31, 2024 and 2023.
Remaining Performance Obligations
As of March 31, 2024, the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied was approximately $1.2 million. These remaining performance obligations primarily relate to extended warranty, support and maintenance obligations, as well as obligations related to software under hosting arrangements. The Company expects to recognize approximately 78.5% of this amount as revenue during the remainder of 2024, 16.1% in 2025, and 5.4% in 2026 and thereafter. Warranty revenue is included in service and other revenue.
The Company recognized revenue of approximately $0.6 million and $0.7 million during the three months ended March 31, 2024 and 2023, respectively, which was included in the contract liability balance at the end of the previous year.