XML 34 R26.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Revenue (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Revenue |
Schedule of disaggregation of revenue by geographic region and type | Revenue information by geographic region is as follows:
|  | For the Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
United States |  | $ | 30,930,267 |  | $ | 24,508,026 |  | $ | 19,500,680
International |  |  | 7,586,874 |  |  | 5,930,957 |  |  | 3,580,912
Total revenue |  | $ | 38,517,141 |  | $ | 30,438,983 |  | $ | 23,081,592
Revenue information by type is as follows:
|  | For the Years Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Devices: |  |  |  |  |  |  |  |  |
MRI compatible IV infusion pump system |  | $ | 18,052,406 |  | $ | 14,536,998 |  | $ | 13,621,769
MRI compatible patient vital signs monitoring systems |  |  | 9,709,233 |  |  | 6,655,618 |  |  | 1,848,616
Total Devices revenue |  |  | 27,761,639 |  |  | 21,192,616 |  |  | 15,470,385
Disposables, services and other |  |  | 8,914,822 |  |  | 7,728,624 |  |  | 6,613,999
Amortization of extended warranty agreements |  |  | 1,840,680 |  |  | 1,517,743 |  |  | 997,208
Total revenue |  | $ | 38,517,141 |  | $ | 30,438,983 |  | $ | 23,081,592
Schedule of deferred revenue and changes in the contract liabilities | Our contract liabilities consist of:
|  | As of December 31,
|  | 2019 |  | 2018
Advance payments from customers |  | $ | 12,765 |  | $ | 180,425
Shipments in-transit |  |  | 4,250 |  |  | 9,582
Extended warranty agreements |  |  | 4,284,872 |  |  | 3,415,782
Total |  | $ | 4,301,887 |  | $ | 3,605,789
Changes in the contract liabilities during the period are as follows:
|  | Deferred
|  | Revenue
Contract liabilities, December 31, 2017 |  | $ | 3,621,256
Increases due to cash received from customers |  |  | 2,222,217
Decreases due to recognition of revenue |  |  | (2,237,684)
Contract liabilities, December 31, 2018 |  | $ | 3,605,789
Increases due to cash received from customers |  |  | 3,337,181
Decreases due to recognition of revenue |  |  | (2,641,083)
Contract liabilities, December 31, 2019 |  | $ | 4,301,887

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration