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Collaboration Revenue (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Changes in Contract Liabilities

The following table presents changes in the Company’s contract liabilities during the six months ended June 30, 2022 and 2021 (in thousands):

 

 

 

Balance as of December 31, 2021

 

 

Additions

 

 

Deductions

 

 

Balance as of June 30, 2022

 

Six Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - related party

 

$

103,817

 

 

 

 

 

 

(2,709

)

 

$

101,108

 

 

 

 

Balance as of December 31, 2020

 

 

Additions

 

 

Deductions

 

 

Balance as of June 30, 2021

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - related party

 

$

108,174

 

 

 

 

 

 

(9,911

)

 

$

98,263

 

During the three and six months ended June 30, 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
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue recognized in the period from:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,216

 

 

$

5,263

 

 

$

2,709

 

 

$

9,911