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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2023
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:

 

 

Year Ended December 31,

 

 

2023

 

 

2022

 

Product sales and rentals

 

$

13,149

 

 

$

3,749

 

Services

 

 

5,441

 

 

 

5,512

 

License, royalty and other

 

 

4,181

 

 

 

8,714

 

Net revenues

 

$

22,771

 

 

$

17,975

 

Schedule of Changes in Deferred Revenue from Contract Liabilities

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

 

 

2023

 

 

2022

 

Balance at January 1

 

$

4,492

 

 

$

4,067

 

Deferral of revenue*

 

 

6,266

 

 

 

5,004

 

Recognition of unearned revenue

 

 

(4,738

)

 

 

(4,579

)

Balance at December 31

 

$

6,020

 

 

$

4,492

 

 

* 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. Also includes up-front payment incurred in connection with signing of the Regeneron Services Agreement in August 2023 (see Note 15 below).