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Collaborations and Other Arrangements (Tables)
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Changes in Accounts Receivable and Contract Liabilities

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

 

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Six Months Ended June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

2,031

 

 

$

4,655

 

 

$

(3,832

)

 

$

2,854

 

Contract liabilities - deferred revenue

 

$

127,235

 

 

$

-

 

 

$

(30,099

)

 

$

97,136

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

2,130

 

 

$

3,079

 

 

$

(3,216

)

 

$

1,993

 

Contract liabilities - deferred revenue

 

$

73,931

 

 

$

-

 

 

$

(11,179

)

 

$

62,752

 

Summary of Revenues Recognized Resulting From Changes in Contract Liability Balance

During the six months ended June 30, 2022 and 2021, the Company recognized the following revenues as a result of changes in the contract liability balance (in thousands):

 

 

Six Months Ended June 30,

 

Revenue recognized in the period from:

 

2022

 

 

2021

 

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

 

$

24,443

 

 

$

11,179