Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.21.2
Revenue (Tables)
9 Months Ended
Sep. 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 periods ended September 30, 2021 and December 31, 2020.

 

 

September 30,
2021

 

 

December 31, 2020

 

(in thousands)

 

Contract Assets

 

 

Contract Liabilities

 

 

Contract Liabilities

 

Beginning balance

 

$

-

 

 

$

(2,115

)

 

$

(4,240

)

Revenue recognized

 

 

 

 

 

 

 

 

 

Revenue recognized in the quarter ended:

 

 

 

 

 

 

 

 

 

March 31

 

 

-

 

 

 

1,397

 

 

 

412

 

June 30

 

 

1,530

 

 

 

1,513

 

 

 

845

 

September 30

 

 

6

 

 

 

572

 

 

 

1,187

 

December 31

 

 

-

 

 

 

-

 

 

 

2,268

 

Total revenue recognized

 

 

1,536

 

 

 

3,482

 

 

 

4,712

 

Unearned consideration received in the quarter ended:

 

 

 

 

 

 

 

 

 

March 31

 

 

-

 

 

 

(1,600

)

 

 

-

 

June 30

 

 

-

 

 

 

-

 

 

 

(350

)

September 30

 

 

-

 

 

 

-

 

 

 

(350

)

December 31

 

 

-

 

 

 

-

 

 

 

(1,887

)

Total unearned consideration received

 

 

-

 

 

 

(1,600

)

 

 

(2,587

)

Ending balance

 

$

1,536

 

 

$

(233

)

 

$

(2,115

)