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Collaboration Agreement (Tables)
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Change in the Transaction Price The following table reflects the change in the transaction price (in thousands):

 

 

As of March 31, 2022

 

 

 

Pre-Milestone

 

 

Milestone

 

 

Post-Milestone

 

Combined Performance Obligation

 

$

8,259

 

 

$

3,441

 

 

$

11,700

 

Development Activities Performance Obligation

 

 

3,741

 

 

 

1,559

 

 

 

5,300

 

Total

 

$

12,000

 

 

$

5,000

 

 

$

17,000

 

 

Revenue Recognized Related to Each of the Performance Obligations and the Remaining Deferred Revenue

The following table reflects the revenue recognized related to each of the performance obligations and the remaining deferred revenue (in thousands):

 

 

As of March 31, 2022

 

 

 

Combined Performance Obligation

 

 

Development Activities Performance Obligation

 

 

Total

 

Deferred revenue at December 31, 2021

 

$

8,259

 

 

$

3,456

 

 

$

11,715

 

Milestone

 

 

3,441

 

 

 

1,559

 

 

 

5,000

 

Revenue recognized

 

 

 

 

 

(468

)

 

 

(468

)

Deferred revenue at March 31, 2022

 

$

11,700

 

 

$

4,547

 

 

$

16,247