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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of Customers Represent Greater Than 10% Of Revenue

The following table shows customers that represent greater than 10% of revenue for the period presented:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Customer A

 

 

28

%

 

 

42

%

 

 

46

%

 

 

40

%

Customer B

 

 

%

 

 

14

%

 

 

%

 

 

15

%

Customer C

 

 

12

%

 

 

%

 

 

%

 

 

%

 

Summary of Marketable Securities

The Company had no marketable securities at September 30, 2022. The following table summarizes the Company’s marketable securities at December 31, 2021 (in thousands):

 

 

 

December 31, 2021

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair

Value

 

U.S. treasury securities

 

$

10,000

 

 

$

 

 

$

(4

)

 

$

9,996

 

Total

 

$

10,000

 

 

$

 

 

$

(4

)

 

$

9,996

 

Summary of Maturities of Marketable Securities

The following table summarizes the maturities of the Company’s marketable securities at December 31, 2021 (in thousands):

 

 

December 31, 2021

 

 

Amortized Cost

 

 

Fair Value

 

Due in less than 1 year

$

10,000

 

 

$

9,996

 

Due in 1-2 years

 

 

 

 

 

Total

$

10,000

 

 

$

9,996

 

Disaggregation of Revenue by Major Source The following table disaggregates our revenue by major source (in thousands):

 

 

Three Months Ended,

September 30,

 

 

Nine Months Ended,

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Product revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instruments

 

$

814

 

 

$

522

 

 

$

2,528

 

 

$

1,427

 

Consumables

 

 

1,822

 

 

 

3,765

 

 

 

6,442

 

 

 

11,150

 

Instrument rentals

 

 

5

 

 

 

19

 

 

 

74

 

 

 

57

 

Total product revenue

 

 

2,641

 

 

 

4,306

 

 

 

9,044

 

 

 

12,634

 

Contribution revenue

 

 

1,036

 

 

 

3,122

 

 

 

7,778

 

 

 

8,444

 

Total revenue

 

$

3,677

 

 

$

7,428

 

 

$

16,822

 

 

$

21,078