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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Assets

Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization expense is recognized using the straight-line method over the estimated useful life of each asset as follows:

 

 

 

Estimated Useful Life

Manufacturing equipment

 

5 years

OCS Consoles loaned to customers

 

5 years

Computer equipment and software

 

3 years

Laboratory equipment

 

3 years

Office and trade show equipment

 

5 years

Leasehold improvements

 

Shorter of term of lease or 15 years

Schedule of Recognized Revenue Net of Payments The reconciliation of gross revenue to net revenue for these certain payments is shown below (in thousands):

 

 

 

Fiscal Year Ended

 

 

 

December 31,

 

 

December 28,

 

 

 

2020

 

 

2019

 

Gross revenue from sales to customers

 

$

28,356

 

 

$

25,844

 

Less: Clinical trial payments reducing revenue

 

 

2,717

 

 

 

2,240

 

Total net revenue

 

$

25,639

 

 

$

23,604

 

 

Schedule of Net Revenue by OCS Product and Country

The Company disaggregates revenue from contracts with customers by product type and geographical area as it believes this presentation best depicts how the nature, amount, timing and uncertainty of the Company’s revenue and cash flows are affected by economic factors, as shown below (in thousands):

 

 

 

Fiscal Year Ended

 

 

 

December 31,

 

 

December 28,

 

 

 

2020

 

 

2019

 

Net revenue by OCS product:

 

 

 

 

 

 

 

 

OCS Lung net revenue

 

$

6,194

 

 

$

8,664

 

OCS Heart net revenue

 

 

14,196

 

 

 

11,442

 

OCS Liver net revenue

 

 

5,249

 

 

 

3,498

 

Total net revenue

 

$

25,639

 

 

$

23,604

 

 

 

 

Fiscal Year Ended

 

 

 

December 31,

 

 

December 28,

 

 

 

2020

 

 

2019

 

Net revenue by country (1):

 

 

 

 

 

 

 

 

United States

 

$

19,239

 

 

$

16,253

 

All other countries

 

 

6,400

 

 

 

7,351

 

Total net revenue

 

$

25,639

 

 

$

23,604

 

 

(1)

Net revenue by country is categorized based on the location of the end customer.

Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated above because including them would have had an anti-dilutive effect:

 

 

As of

 

 

 

December 31,

2020

 

 

December 28,

2019

 

Warrants to purchase common stock

 

 

64,440

 

 

 

64,440

 

Options to purchase common stock

 

 

2,261,234

 

 

 

1,952,300

 

Employee stock purchase plan

 

 

14,951

 

 

 

 

 

 

 

2,340,625

 

 

 

2,016,740