Revenue Recognition

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
Product revenue:		2022		2021		2022		2021
	Pellet procedures	$	32,981	$	28,090	$	96,247	$	80,941
	Dietary supplements		8,066		6,803		21,719		19,023
	Disposable trocars		509		220		1,110		633
	Shipping fees		18		6		45		22
Total product revenue			41,574		35,119		119,121		100,619
Service revenue:
	Training		186		212		707		528
	Contract-term services		210		236		644		713
Total service revenue			396		448		1,351		1,241
Total revenue		$	41,970	$	35,567	$	120,472	$	101,860

Revenue recognized by geographic region is as follows:

Financial Statement Caption	Country	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Product revenue:		2022		2021		2022		2021
	United States	$	41,469	$	35,054	$	118,845	$	100,435
	All other		105		65		276		184
Total product revenue			41,574		35,119		119,121		100,619
Service revenue:
	United States		385		448		1,332		1,241
	All other		11		—		19		—
Total service revenue			396		448		1,351		1,241
Total revenue		$	41,970	$	35,567	$	120,472	$	101,860

Significant changes in contract liability balances are as follows:

	Nine Months Ended September 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	$	(1,445	)	$	—		$	(1,729	)	$	—
Increases due to cash received, excluding amounts recognized as revenue during the period		1,207			591			913			617
Transfers between current and non-current liabilities due to the expected revenue recognition period		412			(412	)		586			(586	)
Total increase (decrease) in contract liabilities	$	174		$	179		$	(230	)	$	31

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:

	September 30,		December 31,
	2022		2021
Unsatisfied training obligations - Current	$	156	$	67
Unsatisfied contract-term services - Current		1,015		849
Unsatisfied contract-term services - Long-term		569		544
Total allocated to unsatisfied contract-term services		1,584		1,393
Unsatisfied pellet procedures - Current		818		789
Unsatisfied pellet procedures - Long-term		293		258
Total allocated to unsatisfied pellet procedures		1,111		1,047
Total deferred revenue - Current	$	1,989	$	1,705
Total deferred revenue - Long-term	$	862	$	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 nine months ended September 30, 2022 and 2021, respectively.