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Revenue Recognition | 6 Months Ended
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Jun. 30, 2019
Revenue Recognition |
Revenue Recognition | 2 — Revenue Recognition Disaggregation of Revenue We disaggregate revenue from contracts with customers by geographic region and revenue type as we believe it best depicts the nature, amount, timing and uncertainty of our revenue and cash flow. Revenue information by geographic region is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (unaudited) |  | (unaudited)
United States |  | $ | 7,561,054 |  | $ | 5,732,044 |  | $ | 14,634,788 |  | $ | 11,709,151
International |  |  | 1,664,542 |  |  | 1,644,741 |  |  | 3,028,401 |  |  | 2,775,785
Total revenue |  | $ | 9,225,596 |  | $ | 7,376,785 |  | $ | 17,663,189 |  | $ | 14,484,936
Revenue information by type is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (unaudited) |  | (unaudited)
Devices: |  |  |  |  |  |  |  |  |  |  |  |
MRI Compatible IV Infusion Pump Systems |  | $ | 4,550,542 |  | $ | 3,590,538 |  | $ | 8,743,296 |  | $ | 7,216,160
MRI Compatible Patient Vital Signs Monitoring Systems |  |  | 1,891,031 |  |  | 1,505,518 |  |  | 3,657,639 |  |  | 2,709,374
Total Devices Revenue |  |  | 6,441,573 |  |  | 5,096,056 |  |  | 12,400,935 |  |  | 9,925,534
Disposables and Services |  |  | 2,313,755 |  |  | 1,909,043 |  |  | 4,350,428 |  |  | 3,848,134
Amortization of extended warranty agreements |  |  | 470,268 |  |  | 371,686 |  |  | 911,826 |  |  | 711,268
Total revenue |  | $ | 9,225,596 |  | $ | 7,376,785 |  | $ | 17,663,189 |  | $ | 14,484,936
Contract Liabilities Our contract liabilities consist of:
|  | June 30, |  | December 31,
|  | 2019 |  | 2018
|  | (unaudited) |  |  |
Advance payments from customers |  | $ | 75,830 |  | $ | 180,425
Shipments in-transit |  |  | 121,599 |  |  | 9,582
Extended warranty agreements |  |  | 3,658,078 |  |  | 3,415,782
Total |  | $ | 3,855,507 |  | $ | 3,605,789
Changes in the contract liabilities during the periods presented are as follows:
|  | Deferred
|  | Revenue
Contract liabilities, December 31, 2018 |  | $ | 3,605,789
Increases due to cash received from customers |  |  | 1,646,638
Decreases due to recognition of revenue |  |  | (1,396,920)
Contract liabilities, June 30, 2019 |  | $ | 3,855,507
|  | Deferred
|  | Revenue
Contract liabilities, December 31, 2017 |  | $ | 3,621,256
Increases due to cash received from customers |  |  | 1,314,024
Decreases due to recognition of revenue |  |  | (1,008,979)
Contract liabilities, June 30, 2018 |  | $ | 3,926,301
Capitalized Contract Costs Our capitalized contract costs consist of:
|  | June 30, |  | December 31,
|  | 2019 |  | 2018
|  | (unaudited) |  |  |
Capitalized contract costs |  | $ | 192,078 |  | $ | 181,248
Expense for the three and six months ended June 30, 2019 and 2018 related to the amortization of capitalized contract costs were immaterial to our financial statements.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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