Revenue Recognition

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

4.REVENUE RECOGNITION

Revenue recognized for each revenue stream is as follows:

Financial Statement Caption	Revenue Stream	Three Months Ended June 30,				Six Months Ended June 30,
Product revenue:		2022		2021		2022		2021
	Pellet procedures	$	32,458	$	27,441	$	63,266	$	52,851
	Dietary supplements		7,949		6,646		13,653		12,220
	Disposable trocars		368		214		601		413
	Shipping fees		14		6		27		16
Total product revenue			40,789		34,307		77,547		65,500
Service revenue:
	Training		356		206		521		316
	Contract-term services		214		237		434		477
Total service revenue			570		443		955		793
Total revenue		$	41,359	$	34,750	$	78,502	$	66,293

Revenue recognized by geographic region is as follows:

Financial Statement Caption	Country	Three Months Ended June 30,				Six Months Ended June 30,
Product revenue:		2022		2021		2022		2021
	United States	$	40,686	$	34,219	$	77,376	$	65,381
	All other		103		88		171		119
Total product revenue			40,789		34,307		77,547		65,500
Service revenue:
	United States		563		443		947		793
	All other		7		—		8		—
Total service revenue			570		443		955		793
Total revenue		$	41,359	$	34,750	$	78,502	$	66,293

Significant changes in contract liability balances are as follows:

	Six Months Ended June 30,
	2022						2021
Description of change	Deferred Revenue			Deferred Revenue, Long-term			Deferred Revenue			Deferred Revenue, Long-term
Revenue recognized that was included in the contract liability balance at the beginning of the period	$	(1,123	)	$	—		$	(1,293	)	$	—
Increases due to cash received, excluding amounts recognized as revenue during the period		885			446			715			456
Transfers between current and non-current liabilities due to the expected revenue recognition period		403			(403	)		450			(450	)
Total increase (decrease) in contract liabilities	$	165		$	43		$	(128	)	$	6

Consideration allocated to initial training due to deposits paid upfront is presented within deferred revenue on the condensed consolidated balance sheets and is expected to be recognized as revenue within one year as the training is performed. Consideration

allocated to contract-term services is presented within deferred revenue and deferred revenue, long-term for the amounts expected to be recognized within one year and longer than one year, respectively.

Consideration allocated to the premiums within the management fee for pellet procedures is presented within deferred revenue current and deferred revenue, long-term for amounts expected to be recognized within one year and longer than one year, respectively.

Consideration allocated to performance obligations are as follows:

	June 30,		December 31,
	2022		2021
Unsatisfied training obligations - Current	$	93	$	67
Unsatisfied contract-term services - Current		973		849
Unsatisfied contract-term services - Long-term		572		544
Total allocated to unsatisfied contract-term services		1,545		1,393
Unsatisfied pellet procedures - Current		789		789
Unsatisfied pellet procedures - Long-term		281		258
Total allocated to unsatisfied pellet procedures		1,070		1,047
Total deferred revenue - Current	$	1,855	$	1,705
Total deferred revenue - Long-term	$	853	$	802

The Company does not have a history of material returns or refunds and generally does not offer warranties or guarantees for any products or services. Expected returns and refunds are recorded as a reduction of revenue and are $0 and $0 for the three and six months ended June 30, 2022 and 2021, respectively.