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v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2022
Accounting Policies [Abstract] |
Summary of Components of Marketable Securities | The following is a summary of the components of our marketable debt securities and the underlying fair value input level tier hierarchy (in thousands) (see fair value of financial instruments): Summary of Components of Marketable Securities
|  | As of September 30, 2022 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. government obligations |  | $ | 1,448 |  |  | $ | - |  |  | $ | (93 | ) |  | $ | 1,355 |
Corporate obligations |  |  | 2,342 |  |  |  | 129 |  |  |  | (148 | ) |  |  | 2,323 |
|  | $ | 3,790 |  |  | $ | 129 |  |  | $ | (241 | ) |  | $ | 3,678 |
|  | As of December 31, 2021 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
U.S. government obligations |  | $ | 650 |  |  | $ | 17 |  |  | $ | - |  |  | $ | 667 |
Corporate obligations |  |  | 8,304 |  |  |  | - |  |  |  | (192 | ) |  |  | 8,112 |
|  | $ | 8,954 |  |  | $ | 17 |  |  | $ | (192 | ) |  | $ | 8,779 |
Schedule of Accounts Receivable Net | Accounts are written off as uncollectible at the time we determine that collections are unlikely. Accounts receivable, net is comprised of the following (in thousands): Schedule of Accounts Receivable Net
|  | September 30, 2022 |  |  | December 31, 2021 |
Trade accounts receivable |  | $ | 38,231 |  |  | $ | 18,520 |
Unbilled accounts receivable |  |  | 6,031 |  |  |  | 23,089 |
Accounts receivable, gross |  |  | 44,262 |  |  |  | 41,609 |
Less allowances |  |  | (6,430 | ) |  |  | (3,901 | )
Total accounts receivable |  | $ | 37,832 |  |  | $ | 37,708 |
Schedule of Components of Inventory | At September 30, 2022 and December 31, 2021, the components of inventory are as follows (in thousands): Schedule of Components of Inventory
|  | September 30, 2022 |  |  | December 31, 2021 |
Diagnostic services testing material |  | $ | 2,271 |  |  | $ | 2,989 |
Raw materials |  |  | 1,904 |  |  |  | 1,514 |
Work in process |  |  | 609 |  |  |  | 260 |
Finished goods |  |  | 383 |  |  |  | 272 |
Inventory |  | $ | 5,167 |  |  | $ | 5,035 |
Inventory valuation reserve |  |  | (255 | ) |  |  | (435 | )
Inventory, net |  | $ | 4,912 |  |  | $ | 4,600 |
Schedule of Fair Value of Financial Instruments | Schedule of Fair Value of Financial Instruments
|  | As of September 30, 2022 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
U.S. government obligations |  | $ | - |  |  | $ | 1,355 |  |  | $ | - |  |  | $ | 1,355 |
Corporate obligations |  |  | - |  |  |  | 2,323 |  |  |  | - |  |  |  | 2,323 |
|  | $ | - |  |  | $ | 3,678 |  |  | $ | - |  |  | $ | 3,678 |
|  | As of December 31, 2021 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
U.S. government obligations |  | $ | - |  |  | $ | 667 |  |  | $ | - |  |  | $ | 667 |
Corporate obligations |  |  | - |  |  |  | 8,112 |  |  |  | - |  |  |  | 8,112 |
Marketable equity securities |  |  | 76 |  |  |  | - |  |  |  | - |  |  |  | 76 |
|  | $ | 76 |  |  | $ | 8,779 |  |  | $ | - |  |  | $ | 8,855 |
Schedule of Deferred Revenue | The following table disaggregates our deferred revenue by recognition period (in thousands): Schedule of Deferred Revenue
Recognition Period |  | September 30, 2022 |  |  | December 31, 2021 |
0-12 Months |  | $ | 2,958 |  |  | $ | 2,034 |
13-24 Months |  |  | 626 |  |  |  | 530 |
Over 24 Months |  |  | 301 |  |  |  | 375 |
Total |  | $ | 3,885 |  |  | $ | 2,939 |
Schedule of Disaggregation by Revenue | The following table disaggregates the Company’s revenue by revenue source for the three and nine months ended September 30, 2022 and 2021 (in thousands): Schedule of Disaggregation by Revenue
|  | For the three months ended |  |  | For the nine months ended |
Revenue by Customer Type |  | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
Diagnostic services |  | $ | 20,542 |  |  | $ | 7,142 |  |  | $ | 91,613 |  |  | $ | 27,416 |
Contract manufacturing |  |  | 2,749 |  |  |  | 1,120 |  |  |  | 5,662 |  |  |  | 4,069 |
Retail and others |  |  | 357 |  |  |  | 1,210 |  |  |  | 1,369 |  |  |  | 2,400 |
Genomic products and services |  |  | 552 |  |  |  | - |  |  |  | 2,180 |  |  |  | - |
Total revenue, net |  | $ | 24,200 |  |  | $ | 9,472 |  |  | $ | 100,824 |  |  | $ | 33,885 |

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