Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Summary of Significant Accounting Policies

Schedule of allowance for credit losses

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Balances at beginning of period	$	133	$	1,750	$	25	$	1,750
Current period change for expected credit loss		—		—		108		—
Deduction / recoveries collected		(16)		—		(16)		—
Balances at end of period	$	117	$	1,750	$	117	$	1,750

Schedule of finite lived intangible assets useful life

Customer Relationships	8 years
Developed Technology	15 years
Software	3 years
Trade Name	2 years

Summary of the activity of the Company's deferred revenue

The following is a summary of the activity of the Company’s deferred revenue related to product and service revenue (in thousands):

	Nine Months Ended September 30,
	2023		2022
Balances at beginning of period	$	16,510	$	14,521
Recognition of revenue included in balance at beginning of the period		(5,332)		(3,521)
Revenue deferred during the period, net of revenue recognized		8,714		5,891
Balances at end of period	$	19,892	$	16,891

Schedule of deferred revenue amounts expected to be recognized in the future

The amount of deferred revenue equals the transaction price allocated to unfulfilled performance obligations for the period presented. Such deferred revenue amounts related to product and service revenue are expected to be recognized in the future as follows (in thousands):

	September 30,		December 31,
	2023		2022
Deferred revenue expected to be recognized in:
One year or less	$	10,521	$	7,514
One to two years		5,885		4,750
Three years and beyond		3,486		4,246
	$	19,892	$	16,510

Schedule of disaggregation of revenue

The Company’s product and service revenue consists of sales of devices and recurring revenue which includes consumables, accessories and the sale of service and extended warranty plans. The following table presents the Company’s revenue by revenue stream (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Product and service revenue:
Device sales revenue	$	10,719	$	10,952	$	23,761	$	24,239
Recurring revenue		3,578		4,485		11,747		9,835
Total product and service revenue		14,297		15,437		35,508		34,074
Contract revenue		—		360		370		1,135
Total revenue	$	14,297	$	15,797	$	35,878	$	35,209

The following table presents the Company’s product and service revenue by device type (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Handheld revenue:
Device sales revenue	$	9,681	$	8,051	$	19,929	$	16,782
Recurring revenue		2,067		2,968		6,813		5,645
Total handheld revenue		11,748		11,019		26,742		22,427
Desktop revenue:
Device sales revenue		1,039		2,901		3,832		7,458
Recurring revenue		1,510		1,517		4,934		4,189
Total desktop revenue		2,549		4,418		8,766		11,647
Total product and service revenue	$	14,297	$	15,437	$	35,508	$	34,074

Revenue based on the end-user entity type for the Company’s product and service revenue are presented below (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Government	$	11,740	$	11,069	$	26,732	$	22,788
Pharmaceutical/Biotechnology		2,546		4,327		8,705		11,032
Academia and other		11		41		71		254
Total product and service revenue	$	14,297	$	15,437	$	35,508	$	34,074

The following table disaggregates the Company’s revenue from contracts with customers by geography, which are determined based on the customer location (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
United States	$	12,417	$	12,403	$	26,769	$	27,916
Europe, Middle East and Africa		1,456		2,361		7,398		4,961
Asia Pacific		394		996		1,191		2,270
Americas other		30		37		520		62
	$	14,297	$	15,797	$	35,878	$	35,209