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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Changes in Contract Liabilities

The following tables present changes in the Company’s contract liabilities during the year ended December 31, 2023 and 2022:

 

 

 

Balance as of December 31, 2022

 

 

Additions

 

 

Deductions

 

 

Balance as of December 31, 2023

 

Year ended December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - related party

 

$

96,689

 

 

 

1,644

 

 

 

(2,969

)

 

$

95,364

 

 

 

 

Balance as of December 31, 2021

 

 

Additions

 

 

Deductions

 

 

Balance as of December 31, 2022

 

Year ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue - related party

 

$

103,817

 

 

 

 

 

 

(7,128

)

 

$

96,689

 

 

 

During the year ended December 31, 2023, the Company recognized the following revenues as a result of changes in the contract liability balances in the respective periods (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

Revenue recognized in the period from:

 

 

 

 

 

 

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

 

$

1,325

 

 

$

7,128