Revenues

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenues [Text Block]

11. Revenues

The following table presents our revenues disaggregated by revenue source. Sales and usage-based taxes are excluded from revenues:

		June 30, 2022		June 30, 2021
Research and development agreements	$	595	$	286
Product revenue		-		162
Royalties on product sales		40		-
	$	635	$	448

The following table presents our revenues disaggregated by timing of recognition:

		June 30, 2022		June 30, 2021
(in U.S. $thousands)
Product and services transferred at point in time	$	189	$	162
Products and services transferred over time		446		286
	$	635	$	448

The following table presents our revenues disaggregated by geography, based on the billing addresses of our customers:

		June 30, 2022		June 30, 2021
Europe	$	461		321
United States		149		-
Canada		25		127
	$	635	$	448

Remaining performance obligations

As at June 30, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligation is $1,549 representing research and development agreements, the majority of which is expected to be recognized in the next twelve months. The Company is also eligible to receive up to $2,557 in research and development milestone payments, approximately 100% of which is expected to be recognized in the next three years; up to $433 in commercial sales milestone payments which are wholly dependent on the marketing efforts of our development partners. In addition, the Company is entitled to receive royalties on potential sales.