Variable-Fee Revenue |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Variable-Fee Revenue | |
| Variable-Fee Revenue | 2.Variable-Fee Revenue The Company recognizes variable-fee licenses (i.e., fee per test) and sales of hardware equipment and accessories in accordance with ASC 606, Revenue from Contracts with Customers. Total fees from variable-fee licenses represented approximately $1,877 and $6,981 for the three months ended June 30, 2025 and 2024, respectively. Total fees from variable-fee licenses represented approximately $4,263 and $14,988 for the six months ended June 30, 2025 and 2024, respectively. Total sales of hardware equipment and accessories represented approximately $245 and $710 of revenues for the three months ended June 30, 2025 and 2024 respectively. Total sales of hardware equipment and accessories represented approximately $477 and $1,527 of revenues for the six months ended June 30, 2025 and 2024, respectively. The remainder of the Company’s revenue is generated from leasing the Company's testing product for a fixed fee, which is not subject to ASC 606. See Note 15 to the Unaudited Condensed Consolidated Financial Statements for more information. No material revenue was generated by the Company’s subsidiary during the three months and six months ended June 30, 2025. Upon shipment under variable-fee license contracts, assets for lease are sold to the customers, and the asset is recognized as cost of revenue.
|