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Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Product and Service Revenue Disaggregated by Geographic Region

The following table summarizes the Company’s product and service revenue disaggregated by geographic region, which is determined based on customer location, for the three months ended March 31, 2024 and 2023:

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

United States

 

$

6,010

 

 

$

4,264

 

South Korea

 

 

278

 

 

 

9

 

Europe

 

 

1,415

 

 

 

1,538

 

Asia (excluding South Korea)

 

 

884

 

 

 

708

 

Other

 

 

54

 

 

 

104

 

Total1

 

$

8,641

 

 

$

6,623

 

 

1 The table above does not include lease revenue of $1,947 and $1,629 for the three months ended March 31, 2024 and 2023. Substantially all lease revenue originates from the United States. Refer to Note 6, Leases.

Summary of Information about Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about receivables and contract liabilities from contracts with customers:

 

 

Classification

 

As of
March 31, 2024

 

 

As of
December 31, 2023

 

Accounts receivable, current

 

Accounts receivable, net

 

$

4,023

 

 

$

4,001

 

Notes receivable, current

 

Notes receivable, net

 

$

329

 

 

$

323

 

Notes receivable, long-term

 

Notes and other receivables, long-term, net

 

$

1,174

 

 

$

1,279

 

Contract asset, current

 

Prepaid and other current assets

 

$

785

 

 

$

982

 

Deferred revenue, current

 

Deferred revenue

 

$

1,582

 

 

$

1,349

 

Deferred revenue, non-current

 

Other long-term liabilities

 

$

321

 

 

$

350

 

Contract liability, long-term

 

Other long-term liabilities

 

$

214

 

 

$

220

 

The following table provides information about contract assets from contracts with customers:

 

 

Amount

 

Contract assets as of December 31, 2023

 

$

982

 

Contract assets recognized

 

 

488

 

Payments received

 

 

(635

)

Write-off due to contract modification

 

 

(50

)

Contract assets as of March 31, 2024

 

$

785

 

 

 

 

 

Contract assets as of December 31, 2022

 

$

332

 

Contract assets recognized

 

 

117

 

Payments received

 

 

(45

)

Contract assets as of March 31, 2023

 

$

404

 

The following table provides information about contract liabilities from contracts with customers:

 

 

Amount

 

Contract liabilities as of December 31, 2023

 

$

1,919

 

Billings not yet recognized as revenue

 

 

776

 

Beginning contract liabilities recognized as revenue

 

 

(578

)

Contract liabilities as of March 31, 2024

 

$

2,117

 

 

 

 

 

Contract liabilities as of December 31, 2022

 

$

935

 

Billings not yet recognized as revenue

 

 

823

 

Beginning contract liabilities recognized as revenue

 

 

(367

)

Contract liabilities as of March 31, 2023

 

$

1,391

 

Summary of Allowance for Accounts Receivable

The following table summarizes the activity in the allowance for accounts receivable:

 

 

Amount

 

Accounts receivable, allowance for credit losses as of
   December 31, 2023

 

$

62

 

Change in provision for credit losses

 

 

(18

)

Write-offs

 

 

 

Accounts receivable, allowance for credit losses as of
   March 31, 2024

 

$

44

 

 

 

 

 

Accounts receivable, allowance for credit losses as of
   December 31, 2022

 

$

56

 

Change in provision for credit losses

 

 

(13

)

Write-offs

 

 

 

Accounts receivable, allowance for credit losses as of
   March 31, 2023

 

$

43

 

Summary of Allowance for Notes Receivable

The following table summarizes the activity in the allowance for notes receivable:

 

 

Amount

 

Notes receivable, allowance for credit losses as of
   December 31, 2023

 

$

33

 

Change in provision for credit losses

 

 

(2

)

Write-offs

 

 

 

Notes receivable, allowance for credit losses as of
   March 31, 2024

 

$

31

 

 

 

 

 

Notes receivable, allowance for credit losses as of
   December 31, 2022

 

$

13

 

Change in provision for credit losses

 

 

7

 

Write-offs

 

 

 

Notes receivable, allowance for credit losses as of
   March 31, 2023

 

$

20