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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues Recognized

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

 

Summary of Significant Changes in Contract Liability Balances

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

 

Summary of Consideration Allocated to Performance Obligations

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