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Note 13 - Revenue and Geographic Information | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | 13. Revenue and Geographic Information The following table summarizes the Company’s disaggregated revenues:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Product revenue |  | $ | 147,794 |  |  | $ | 130,457 |  |  | $ | 114,512 |
Licensing, milestone and contract revenue |  |  | - |  |  |  | - |  |  |  | 98 |
Total revenue |  | $ | 147,794 |  |  | $ | 130,457 |  |  | $ | 114,610 |
The Company categorizes its product portfolio into three product families: OA Pain Management, Joint Preservation and Restoration, and Non-Orthopedic. Anika’s consolidated financial statements include results of operations for Parcus Medical from the January 24, 2020 acquisition date and Arthrosurface from the February 3, 2020 acquisition date. Product revenue by product family is as follows:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | Revenue |  |  | Percentage of Product Revenue |  |  | Revenue |  |  | Percentage of Product Revenue |  |  | Revenue |  |  | Percentage of Product Revenue |
OA Pain Management |  | $ | 89,503 |  |  |  | 61 | % |  | $ | 83,029 |  |  |  | 64 | % |  | $ | 103,466 |  |  |  | 90 | %
Joint Preservation and Restoration |  |  | 48,588 |  |  |  | 33 | % |  |  | 39,368 |  |  |  | 30 | % |  |  | 2,070 |  |  |  | 2 | %
Non-Orthopedic |  |  | 9,703 |  |  |  | 6 | % |  |  | 8,060 |  |  |  | 6 | % |  |  | 8,976 |  |  |  | 8 | %
Total |  | $ | 147,794 |  |  |  | 100 | % |  | $ | 130,457 |  |  |  | 100 | % |  | $ | 114,512 |  |  |  | 100 | %
Product revenue from the Company’s sole significant customer, Mitek, as a percentage of the Company’s total product revenue was 45%, 49%, and 71% for the years ended December 31, 2021, 2020, and 2019, respectively. Total revenue by geographic location based on the location of the customer in total and as a percentage of total revenue are as follows:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | Total |  |  | Percentage of |  |  | Total |  |  | Percentage of |  |  | Total |  |  | Percentage of |
|  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |  |  | Revenue |
Geographic Location: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 113,833 |  |  |  | 77 | % |  | $ | 103,182 |  |  |  | 79 | % |  | $ | 90,302 |  |  |  | 79 | %
Europe |  |  | 19,580 |  |  |  | 13 | % |  |  | 14,179 |  |  |  | 11 | % |  |  | 14,744 |  |  |  | 13 | %
Other |  |  | 14,381 |  |  |  | 10 | % |  |  | 13,096 |  |  |  | 10 | % |  |  | 9,564 |  |  |  | 8 | %
Total |  | $ | 147,794 |  |  |  | 100 | % |  | $ | 130,457 |  |  |  | 100 | % |  | $ | 114,610 |  |  |  | 100 | %
Net long-lived assets, consisting primarily of net property and equipment, are subject to geographic risks because they are generally difficult to move and to effectively utilize in another geographic area in a reasonable time period and because they are relatively illiquid. Net tangible long-lived assets by principal geographic areas are as follows:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
United States |  | $ | 46,068 |  |  | $ | 48,611 |
Italy |  |  | 1,534 |  |  |  | 2,002 |
Total |  | $ | 47,602 |  |  | $ | 50,613 |

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