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Collaborations and License Agreements (Tables)
3 Months Ended
Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Summary of Revenues Earned in Connection with EUSA Agreement under ASC 606

The following table summarizes the revenues earned in connection with the EUSA Agreement under ASC 606 for the three months ended March 31, 2021 and 2020 (in thousands):

 

 

 

 

Three Months Ended

March 31,

 

Revenue Type

Date Achieved

 

2021

 

 

2020

 

Collaboration and Licensing Revenue:

 

 

 

 

 

 

 

 

 

Amounts in contract liabilities at the beginning of the period:

 

 

 

 

 

 

 

 

 

Upfront payment

December 2015

 

$

98

 

 

$

98

 

R&D payment - EMA approval in RCC

August 2017

 

 

158

 

 

 

158

 

Milestone - UK reimbursement approval

February 2018

 

 

79

 

 

 

79

 

Milestone - German reimbursement approval

November 2018

 

 

79

 

 

 

79

 

Milestone - Spanish reimbursement approval

February 2019

 

 

79

 

 

 

79

 

 

 

 

$

493

 

 

$

493

 

Partnership Royalties

 

 

 

361

 

 

 

291

 

Total

 

 

$

854

 

 

$

784

 

Summary of Changes in Accounts Receivable and Contract Liabilities (Deferred Revenue)

The following table summarizes changes in the Companys accounts receivable and contract liabilities (deferred revenue) in connection with the EUSA Agreement for the three months ended March 31, 2021 (in thousands):

 

Contract Assets

 

 

 

 

 

 

 

 

 

Beginning

Balance

January 1,

2021

 

Additions

 

Deductions

 

Ending

Balance

March 31,

2021

 

Partnership receivables

 

 

 

 

 

 

 

 

 

$

392

 

$

361

 

$

 

$

753

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred Revenue

 

Contract Liabilities

 

Transaction

Price

 

 

Date Achieved

 

Date Paid

 

Beginning

Balance

January 1,

2021

 

Additions

 

Deductions

 

Ending

Balance

March 31, 2021

 

Amounts in contract liabilities at the beginning of the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Upfront payment

 

$

2,500

 

 

December 2015

 

December 2015

 

$

512

 

$

 

$

(98

)

$

414

 

R&D payment - EMA approval in RCC

 

 

4,000

 

 

August 2017

 

September 2017

 

 

817

 

 

 

 

(158

)

 

659

 

Milestone - UK reimbursement approval

 

 

2,000

 

 

February 2018

 

March 2018

 

 

408

 

 

 

 

(79

)

 

329

 

Milestone - German reimbursement

   approval

 

 

2,000

 

 

November 2018

 

December 2018

 

 

407

 

 

 

 

(79

)

 

328

 

Milestone - Spanish reimbursement

   approval

 

 

2,000

 

 

February 2019

 

May 2019

 

 

408

 

 

 

 

(79

)

 

329

 

Total

 

$

12,500

 

 

 

 

 

 

$

2,552

 

$

 

$

(493

)

$

2,059