Revenue

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue

6. Revenue

The following table present Company’s revenues disaggregated by geography (in thousands):

	Year ended December 31, 2023		Year ended December 31, 2022
Service revenue:
United States	$	45,093	$	34,869
Europe		26,059		23,239
Total service revenue		71,152		58,108
Lease revenue:
United States	$	867	$	859
Europe		661		488
Total lease revenue		1,528		1,347
Total Revenue	$	72,680	$	59,455

Contract Balances

Contract assets include amounts related to the Company’s contractual right to consideration for completed performance obligations not yet invoiced. The contract assets are reclassified to receivables when the rights become unconditional. The Company’s contract assets as of December 31, 2023 and 2022 in the amount of $0.6 million and $0.6 million, respectively, are included in prepaid expenses and other current assets on the consolidated balance sheets. The contract assets are typically invoiced within a month of recognition. The Company’s contract assets as of January 1, 2023 and 2022 amounted to $0.6 million and $0.7 million, respectively.

Contract liabilities are recorded as deferred revenues and include payments received in advance of performance under the contract. Contract liabilities are realized when services are provided to the customer. Contract liabilities as of December 31, 2023 and 2022 in the amount of $0.6 million and $0.7 million, respectively, are reported as a component of current liabilities on the consolidated balance sheets. All opening amounts of the December 31, 2022 and 2021 contract liabilities were recognized during the years ended December 31, 2023 and 2022, respectively. The Company’s contract liabilities as of January 1, 2023 and 2022 amounted to $0.7 million and $0.3 million, respectively.