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Note 13 - Revenues | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] |
13. | Revenues
The following table represents a disaggregation of revenue from contracts with customers. Revenue originating from the following geographic areas for the three and nine months ended September 30, 2020 and 2019 consist of:
|  | Three Months Ended September 30, 2020 |
(in thousands) |  | United States |  |  | United Kingdom |  |  | Germany |  |  | Rest of the world |  |  | Total |
Instruments, equipment, software and accessories |  | $ | 16,128 |  |  | $ | 1,933 |  |  | $ | 2,215 |  |  | $ | 1,575 |  |  | $ | 21,851 |
Service, maintenance and warranty contracts |  |  | 1,914 |  |  |  | 229 |  |  |  | 36 |  |  |  | 7 |  |  |  | 2,186 |
Total revenues |  | $ | 18,042 |  |  | $ | 2,162 |  |  | $ | 2,251 |  |  | $ | 1,582 |  |  | $ | 24,037 |
|  | Three Months Ended September 30, 2019 |
(in thousands) |  | United States |  |  | United Kingdom |  |  | Germany |  |  | Rest of the world |  |  | Total |
Instruments, equipment, software and accessories |  | $ | 19,388 |  |  | $ | 2,285 |  |  | $ | 2,772 |  |  | $ | 1,878 |  |  | $ | 26,323 |
Service, maintenance and warranty contracts |  |  | 822 |  |  |  | 198 |  |  |  | 51 |  |  |  | 24 |  |  |  | 1,095 |
Total revenues |  | $ | 20,210 |  |  | $ | 2,483 |  |  | $ | 2,823 |  |  | $ | 1,902 |  |  | $ | 27,418 |
|  | Nine Months Ended September 30, 2020 |
(in thousands) |  | United States |  |  | United Kingdom |  |  | Germany |  |  | Rest of the world |  |  | Total |
Instruments, equipment, software and accessories |  | $ | 48,574 |  |  | $ | 6,432 |  |  | $ | 7,170 |  |  | $ | 4,681 |  |  | $ | 66,857 |
Service, maintenance and warranty contracts |  |  | 3,459 |  |  |  | 644 |  |  |  | 109 |  |  |  | 47 |  |  |  | 4,259 |
Total revenues |  | $ | 52,033 |  |  | $ | 7,076 |  |  | $ | 7,279 |  |  | $ | 4,728 |  |  | $ | 71,116 |
|  | Nine Months Ended September 30, 2019 |
(in thousands) |  | United States |  |  | United Kingdom |  |  | Germany |  |  | Rest of the world |  |  | Total |
Instruments, equipment, software and accessories |  | $ | 58,979 |  |  | $ | 7,814 |  |  | $ | 8,956 |  |  | $ | 5,675 |  |  | $ | 81,424 |
Service, maintenance and warranty contracts |  |  | 2,874 |  |  |  | 624 |  |  |  | 227 |  |  |  | 55 |  |  |  | 3,780 |
Total revenues |  | $ | 61,853 |  |  | $ | 8,438 |  |  | $ | 9,183 |  |  | $ | 5,730 |  |  | $ | 85,204 |
Deferred revenue The Company had deferred revenue from service contracts and advance payments from customers of approximately $3.6 million and $3.6 million as of September 30, 2020 and 2019, respectively. Changes in deferred revenue from service contracts and advance payments from customers were as follows:
|  | Three Months Ended September 30, 2020 |
(in thousands) |  | Service Contracts |  |  | Customer Advances |  |  | Total |
Balance at June 30, 2020 |  | $ | 1,413 |  |  | $ | 2,239 |  |  | $ | 3,652 |
Deferral of revenue |  |  | 1,126 |  |  |  | 198 |  |  |  | 1,324 |
Recognition of deferred revenue |  |  | (1,041 | ) |  |  | (387 | ) |  |  | (1,428 | )
Effect of foreign currency translation |  |  | 11 |  |  |  | - |  |  |  | 11 |
Balance at September 30, 2020 |  | $ | 1,509 |  |  | $ | 2,050 |  |  | $ | 3,559 |
|  | Three Months Ended September 30, 2019 |
(in thousands) |  | Service Contracts |  |  | Customer Advances |  |  | Total |
Balance at June 30, 2019 |  | $ | 1,593 |  |  | $ | 1,939 |  |  | $ | 3,532 |
Deferral of revenue |  |  | 471 |  |  |  | 310 |  |  |  | 781 |
Recognition of deferred revenue |  |  | (358 | ) |  |  | (421 | ) |  |  | (779 | )
Effect of foreign currency translation |  |  | 16 |  |  |  | - |  |  |  | 16 |
Balance at September 30, 2019 |  | $ | 1,722 |  |  | $ | 1,828 |  |  | $ | 3,550 |
|  | Nine Months Ended September 30, 2020 |
(in thousands) |  | Service Contracts |  |  | Customer Advances |  |  | Total |
Balance at December 31, 2019 |  | $ | 1,587 |  |  | $ | 2,362 |  |  | $ | 3,949 |
Deferral of revenue |  |  | 1,956 |  |  |  | 542 |  |  |  | 2,498 |
Recognition of deferred revenue |  |  | (2,029 | ) |  |  | (854 | ) |  |  | (2,883 | )
Effect of foreign currency translation |  |  | (5 | ) |  |  | - |  |  |  | (5 | )
Balance at September 30, 2020 |  | $ | 1,509 |  |  | $ | 2,050 |  |  | $ | 3,559 |
|  | Nine Months Ended September 30, 2019 |
(in thousands) |  | Service Contracts |  |  | Customer Advances |  |  | Total |
Balance at December 31, 2018 |  | $ | 1,659 |  |  | $ | 2,161 |  |  | $ | 3,820 |
Deferral of revenue |  |  | 1,597 |  |  |  | 561 |  |  |  | 2,158 |
Recognition of deferred revenue |  |  | (1,550 | ) |  |  | (894 | ) |  |  | (2,444 | )
Effect of foreign currency translation |  |  | 16 |  |  |  | - |  |  |  | 16 |
Balance at September 30, 2019 |  | $ | 1,722 |  |  | $ | 1,828 |  |  | $ | 3,550 |
Allowance for Doubtful Accounts Allowance for doubtful accounts is based on the Company’s assessment of the collectability of accounts receivable. A rollforward of the allowance for doubtful accounts for the nine months ended September 30, 2020 and 2019 is as follows:
|  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |
Balance, beginning of period |  | $ | 325 |  |  | $ | 332 |
Bad debt expense |  |  | 24 |  |  |  | 394 |
Charge-offs and other recoveries |  |  | (60 | ) |  |  | (354 | )
Effect of foreign currency translation |  |  | 4 |  |  |  | (8 | )
Balance, end of period |  | $ | 293 |  |  | $ | 364 |
Concentrations No customer accounted for more than 10% of the revenues for the three and nine months ended September 30, 2020, and 2019. At September 30, 2020, and December 31, 2019, no customer accounted for more than 10% of net accounts receivable.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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