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Collaboration Revenue (Tables)
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Changes in Contract Liabilities

The following table presents changes in the Company’s contract liabilities during the three months ended March 31, 2022 and 2021 (in thousands):

 

 

 

Balance as of December 31, 2021

 

 

Additions

 

 

Deductions

 

 

Balance as of March 31, 2022

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - related party

 

$

103,817

 

 

 

 

 

 

(1,493

)

 

$

102,324

 

 

 

 

 

Balance as of December 31, 2020

 

 

Additions

 

 

Deductions

 

 

Balance as of March 31, 2021

 

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - related party

 

$

108,174

 

 

 

 

 

 

(4,648

)

 

$

103,526

 

 

During the three months ended March 31, 2022 and 2021 the Company recognized the following revenues as a result of changes in the contract liability balances in the respective periods (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Revenue recognized in the period from:

 

 

 

 

 

 

Amounts included in the contract liability at the beginning of the period

 

$

1,493

 

 

$

4,648