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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Disaggregated Revenue by Product and Services

The following table provides information about disaggregated revenue by product and services:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Product sales and rentals, net

 

$

1,041

 

 

$

849

 

 

$

2,920

 

 

$

2,734

 

Processing and storage fees, net

 

 

1,405

 

 

 

1,343

 

 

 

4,061

 

 

 

4,204

 

License, royalty and other

 

 

1,689

 

 

 

8,430

 

 

 

6,865

 

 

 

9,541

 

Net revenue

 

$

4,135

 

 

$

10,622

 

 

$

13,846

 

 

$

16,479

 

Schedule of Changes in Deferred Revenue from Contract Liabilities

The following table provides changes in deferred revenue from contract liabilities:

 

 

 

2022

 

 

2021

 

Balance at January 1

 

$

4,067

 

 

$

12,449

 

Deferral of revenue*

 

 

3,699

 

 

 

3,528

 

Recognition of unearned revenue**

 

 

(3,405

)

 

 

(12,161

)

Balance at September 30

 

$

4,361

 

 

$

3,816

 

* Deferral of revenue resulted from payments received in advance of performance under the biobanking services storage contracts that are recognized as revenue under the contract as performance is completed.

** During the third quarter of 2021, the Company terminated the license agreement with Sanuwave due to an uncured material breach. As a result, the Company recognized the remaining deferred revenue of $6,754 that was to be recognized on a straight-line basis over the non-cancelable term of the license agreement.