Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.21.2
Revenue (Tables)
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of changes in R&D contract asset and contract liability balance

The following table shows the significant changes in the R&D contract asset and contract liability balances for the six months ended June 30, 2021 and 2020.

 

 

For the Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

(in thousands)

 

Contract Asset

 

 

Contract Liability

 

 

Total Revenue Recognized

 

 

Contract Asset

 

 

Contract Liability

 

 

Total Revenue Recognized

 

Beginning balance

 

$

-

 

 

$

(2,455

)

 

 

 

 

$

-

 

 

$

(4,580

)

 

 

 

Revenue recognized

 

 

1,529

 

 

 

3,251

 

 

$

4,780

 

 

 

-

 

 

 

1,256

 

 

$

1,256

 

   Unearned consideration received

 

 

-

 

 

 

(1,618

)

 

 

 

 

 

-

 

 

 

(350

)

 

 

 

Ending balance

 

$

1,529

 

 

$

(822

)

 

$

4,780

 

 

$

-

 

 

$

(3,674

)

 

$

1,256