Annual report pursuant to Section 13 and 15(d)

Revenue Recognition

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Revenue Recognition
 12 Months Ended
Dec. 31, 2023
Revenue Recognition [Abstract]  
Revenue Recognition Revenue
Disaggregated Revenue
The following table presents the Company’s disaggregated revenue by offering type (in thousands):
Years Ended December 31,
2023 2022 2021
Total Net
Revenues
% of
Total Net
Revenues
Total Net
Revenues
% of
Total Net
Revenues
Total Net
Revenues
% of
Total Net
Revenues
Patient Services revenue recognized at a point in time:
Direct products
 $ 2,294  1.8  % $ 2,236  2.0  % $ 2,480  2.4  %
Third-Party Payer products
 13,821  11.0  % 12,573  11.4  % 12,112  11.8  %
Patient Services revenue recognized over time:
Direct rental services
 7,388  5.9  % 7,246  6.6  % 7,333  7.2  %
Third-Party Payer rental services
 44,475  35.4  % 40,948  37.3  % 38,765  37.9  %
Total Patient Services accounted for under ASC 606
 67,978  54.1  % 63,003  57.3  % 60,690  59.3  %
Device Solutions revenue recognized at a point in time:
Products
 14,877  11.8  % 15,359  14.0  % 15,296  14.9  %
Services
 9,844  7.8  % 6,434  5.9  % 4,718  4.6  %
Device Solutions revenue recognized over time:
Services 6,038  4.8  % 633  0.6  % —  —  %
Total Device Solutions accounted for under ASC 606
 30,759  24.4  % 22,426  20.5  % 20,014  19.5  %
Total Revenue Accounted for under ASC 606
 98,737  78.5  % 85,429  77.8  % 80,704  78.8  %
Patient Services Lease Revenue
 8,563  6.8  % 5,878  5.3  % 4,908  4.8  %
Device Solutions Lease Revenue
 18,485  14.7  % 18,607  16.9  % 16,770  16.4  %
Total Revenue accounted for under ASC 842, Leases
 27,048  21.5  % 24,485  22.2  % 21,678  21.2  %
Total Net Revenue
 $ 125,785  100.0  % $ 109,914  100.0  % $ 102,382  100.0  %
Contract Balances
2023 2022 2021 Change in 2023 Change in 2022
Accounts receivable, net $ 19,830  $ 16,871  $ 15,405  $ 2,959  $ 1,466 
Contract assets $ 1,271  $ 360  $ —  $ 911  $ 360 

The change in contract assets during the fiscal year ended December 31, 2023 was mainly due to $9.2 million of revenue recognized for which the payment is subject to conditions other than the passage of time, partially offset by $8.3 million of contract assets reclassified to accounts receivable as our right to consideration for these contract assets became unconditional. Contract assets are included in other current assets on the Company's Consolidated Balance Sheets.