XML 29 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2

Revenue

3 Months Ended

Mar. 31, 2022

Revenue [Abstract]

REVENUE

14. REVENUE

We primarily offer the First DefenseÒ product line to dairy and beef producers to prevent scours in newborn calves. Generally, our products are promoted to veterinarians as well as dairy and beef producers by our sales team and then sold through distributors. Our primary market is North America. We do sell into select international regions and may expand this international reach in the future. There were no material changes between the allocation and timing of revenue recognition during the three-month period ended March 31, 2022 or the year ended December 31, 2021. We do not have any contract assets for which we have satisfied the performance obligations, but do not yet have the right to bill for, or contract liabilities such as customer advances. All trade receivables on our balance sheets are from contracts with customers. We incur no material costs to obtain contracts.

The following tables present our product sales disaggregated by geographic area:

		During the Three-Month Periods Ended March 31,																During the Years Ended December 31,
		2022				%				2021				%				2021				%				2020				%
United States		$	5,515,749				92	%		$	3,580,516				87	%		$	16,620,363				86	%		$	13,644,768				89	%
Other			483,935				8	%			526,630				13	%			2,622,606				14	%			1,697,436				11	%
Total Product Sales		$	5,999,684				100	%		$	4,107,146				100	%		$	19,242,969				100	%		$	15,342,204				100	%

The following tables present our product sales disaggregated by major product category:

		During the Three-Month Periods Ended March 31,																During the Years Ended December 31,
		2022				%				2021				%				2021				%				2020				%
First Defense® product line		$	5,962,875				99	%		$	4,023,471				98	%		$	18,933,092				98	%		$	15,072,446				98	%
Other animal health			36,809				1	%			83,675				2	%			309,877				2	%			269,758				2	%
Total Product Sales		$	5,999,684				100	%		$	4,107,146				100	%		$	19,242,969				100	%		$	15,342,204				100	%

X

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 430
-URI https://asc.fasb.org/topic&trid=2122452

+ Details

Name:	us-gaap_DeferredRevenueDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration