Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.22.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2022
Disaggregation of Revenue [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.

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

(in thousands)

 

Contract Assets

 

 

Contract Liabilities

 

 

Contract Assets

 

 

Contract Liabilities

 

Beginning balance

 

$

2,128

 

 

$

(214

)

 

$

-

 

 

$

(2,115

)

Revenue recognized

 

 

772

 

 

 

582

 

 

 

2,128

 

 

 

4,157

 

Unearned consideration received

 

 

-

 

 

 

(368

)

 

 

-

 

 

 

(2,256

)

Ending balance

 

$

2,900

 

 

$

(0

)

 

$

2,128

 

 

$

(214

)

Schedule of revenue information by major geographic area

Revenue by geographic areas is based on the location of the customer. The following is a summary of revenue information by major geographic area:

 

 

Three Months Ended March 31,

 

(in thousands)

 

2022

 

 

2021

 

Domestic

 

$

10,828

 

 

$

10,887

 

Germany

 

 

2,689

 

 

 

1,255

 

Belgium

 

 

528

 

 

 

-

 

Switzerland

 

 

301

 

 

 

800

 

All other countries

 

 

397

 

 

 

239

 

Total revenues

 

$

14,743

 

 

$

13,181