Revenue from Contract with Customer [Text Block] | 8. Revenue The following table presents net sales by geographic areas: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States $ 1,717,000 $ 1,573,000 $ 3,089,000 $ 3,439,000 China 28,000 1,117,000 48,000 1,206,000 Other 528,000 339,000 1,708,000 1,047,000 Total $ 2,273,000 $ 3,029,000 $ 4,845,000 $ 5,692,000 The following tables summarize the revenues by product line and type: Three Months Ended June 30, 2023 Device Revenue Service Revenue Other Revenue Total Revenue AXP $ 1,275,000 $ 41,000 $ - $ 1,316,000 BioArchive 450,000 339,000 - 789,000 CAR-TXpress 24,000 35,000 71,000 130,000 Manual Disposables 14,000 - - 14,000 Other 18,000 - 6,000 24,000 Total $ 1,781,000 $ 415,000 $ 77,000 $ 2,273,000 Six Months Ended June 30, 2023 Device Revenue Service Revenue Other Revenue Total Revenue AXP $ 2,759,000 $ 96,000 $ - $ 2,855,000 BioArchive 748,000 698,000 - 1,446,000 CAR-TXpress 59,000 75,000 142,000 276,000 Manual Disposables 221,000 - - 221,000 Other 35,000 - 12,000 47,000 Total $ 3,822,000 $ 869,000 $ 154,000 $ 4,845,000 Three Months Ended June 30, 2022 Device Revenue Service Revenue Other Revenue Total Revenue AXP $ 1,923,000 $ 40,000 $ - $ 1,963,000 BioArchive 338,000 305,000 - 643,000 CAR-TXpress 163,000 58,000 71,000 292,000 Manual Disposables 102,000 - - 102,000 Other 23,000 - 6,000 29,000 Total $ 2,549,000 $ 403,000 $ 77,000 $ 3,029,000 Six Months Ended June 30, 2022 Device Revenue Service Revenue Other Revenue Total Revenue AXP $ 3,634,000 $ 96,000 $ - $ 3,730,000 BioArchive 493,000 603,000 - 1,096,000 CAR-TXpress 361,000 101,000 142,000 604,000 Manual Disposables 207,000 - - 207,000 Other 40,000 - 15,000 55,000 Total $ 4,735,000 $ 800,000 $ 157,000 $ 5,692,000 Contract Balances Generally, all sales are contract sales (with either an underlying contract or purchase order). The Company does not have any material contract assets. When invoicing occurs prior to revenue recognition, a contract liability is recorded (as deferred revenue on the consolidated balance sheet). Revenues that were included in the beginning balance of deferred revenue during the three and six months ended June 30, 2023 were $157,000 and $519,000, respectively. Short-term deferred revenues were $986,000 and $782,000 at June 30, 2023 and December 31, 2022, respectively. Long-term deferred revenues were $758,000 and $911,000 at June 30, 2023 and December 31, 2022, respectively. Backlog of Remaining Customer Performance Obligations The following table represents revenue expected to be recognized in the future from the backlog of performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period: Remainder of 2023 2024 2025 2026 2027 and beyond Total Service revenue $ 749,000 $ 796,000 $ 252,000 $ - $ - $ 1,797,000 Device revenue (1) 692,000 41,000 - - - 733,000 Exclusivity fee 143,000 286,000 286,000 190,000 - 905,000 Other 7,000 13,000 13,000 13,000 94,000 140,000 Total $ 1,591,000 $ 1,136,000 $ 551,000 $ 203,000 $ 94,000 $ 3,575,000 (1) Represents the minimum purchase requirements under the distribution agreement the Company signed with its AXP distributor in China. |