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Revenue Recognition
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
15.
Revenue Recognition

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

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Product sales and rentals

 

$

3,749

 

 

$

3,801

 

Services

 

 

5,512

 

 

 

5,522

 

License, royalty and other

 

 

8,714

 

 

 

12,012

 

Net revenues

 

$

17,975

 

 

$

21,335

 

 

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

 

 

 

2022

 

 

2021

 

Balance at January 1

 

$

4,067

 

 

$

12,449

 

Deferral of revenue*

 

 

5,004

 

 

 

4,928

 

Recognition of unearned revenue**

 

 

(4,579

)

 

 

(13,310

)

Balance at December 31

 

$

4,492

 

 

$

4,067

 

 

* 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 (See Note 16). 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.