GEOGRAPHIC AND REVENUE DISAGGREGATION

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

GEOGRAPHIC AND REVENUE DISAGGREGATION

GEOGRAPHIC AND REVENUE DISAGGREGATION

The Company operates as one operating segment. Sales to customers outside the U.S. represented 12%, 14% and 14% of total revenue for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023 and 2022, accounts receivable balances due from these foreign customers, in U.S. dollars, were $0.9 million and $0.6 million, respectively.

The following presents long-lived assets by geographic territory at December 31 (in thousands):

	2023		2022
Domestic	$	2,139	$	3,120
Foreign	250		358
	$	2,389	$	3,478

The following presents total net sales by geographic territory for the years ended December 31 (in thousands):

	2023		2022		2021
Domestic	$	10,611	$	10,921	$	10,121
Foreign	1,448		1,831		1,661
Net sales	$	12,059	$	12,752	$	11,782

The following presents total net sales by line of business for the years ended December 31 (in thousands):

	2023		2022		2021
Accelerate instrument and consumable revenue	$	11,928	$	12,598	$	11,628
Other revenue	131		154		154
Net sales	$	12,059	$	12,752	$	11,782

The following presents total net sales by products and services for the years ended December 31 (in thousands):

	2023		2022		2021
Products	$	10,609	$	11,107	$	10,430
Services	1,450		1,645		1,352
Net sales	$	12,059	$	12,752	$	11,782

Lease income included in net sales in the consolidated statements of operations and comprehensive income was $1.5 million, $1.4 million and $1.9 million for the years ended December 31, 2023, 2022 and 2021, respectively, and was recorded in accordance with ASC 842. This income does not represent revenue recognized from contracts with customers in accordance with ASC 606.