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