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Note 11 - Revenue
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
11.
Revenue
 
The Company receives payments from its customers based on billing schedules established in each contract. Up-front payments and fees are recorded as deferred revenue upon receipt or when due and
may
require deferral of revenue recognition to a future period until the Company performs its obligations under these arrangements. Amounts are recorded as accounts receivable when the Company’s right to consideration is unconditional. As of
March 31, 2020,
deferred revenue was
$0.1
million.
 
The Company has agreements with DePuy Synthes Mitek Sports Medicine, a division of DePuy Orthopaedics, Inc. (“Mitek”) that include the grant of certain licenses, performance of development services, and supply of product. Revenues from the agreements with Mitek represent
54%
of total Company revenues for the
three
-month period ended
March 31, 2020.
The Company has agreements with other customers that
may
include the delivery of a license and supply of product.
 
Product and Total Revenue
 
Historically, the Company categorized our product offerings into 
four
 product families: Orthobiologics, Dermal, Surgical, and Other, which included our ophthalmic and veterinary products. As a result of the Company’s acquisitions of Parcus Medical and Arthrosurface during the period ended
March 31, 2020,
the Company now divides the product portfolio into 
three
 product families: Joint Pain Management, Orthopedic Joint Preservation and Restoration, and Other.
 
Product revenue by product family was as follows: 
 
    Three Months Ended March 31,
    2020   2019
         
Joint Pain Management   $
25,483
     $
22,850
  
Orthopedic Joint Preservation and Restoration    
7,896
      
163
  
Other    
2,018
      
1,704
  
    $
35,397
     $
24,717
  
 
Total revenue by geographic location was as follows:
 
    Three Months Ended March 31,
    2020   2019
    Total   Percentage of   Total   Percentage of
    Revenue   Revenue   Revenue   Revenue
Geographic Location:                                
United States   $
26,306
      
74
 %   $
20,089
      
81
 %
Europe    
5,276
      
15
 %    
2,526
      
10
 %
Other    
3,815
      
11
 %    
2,108
      
9
 %
Total   $
35,397
      
100
 %   $
24,723
      
100
 %