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Collaborations and Other Arrangements (Tables)
 9 Months Ended
Sep. 30, 2023
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 nine months ended September 30, 2023 and 2022 (in thousands):

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Nine Months Ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

3,768

 

 

$

15,287

 

 

$

(12,564

)

 

$

6,491

 

Contract liabilities - deferred revenue

 

$

63,771

 

 

$

-

 

 

$

(37,705

)

 

$

26,066

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

2,031

 

 

$

8,678

 

 

$

(6,686

)

 

$

4,023

 

Contract liabilities - deferred revenue

 

$

127,235

 

 

$

-

 

 

$

(46,739

)

 

$

80,496

 
Summary of Revenues Recognized Resulting from Changes in Contract Liability Balance

During the nine months ended September 30, 2023 and 2022, the Company recognized the following revenues as a result of changes in the contract liability balance (in thousands):

 

 

Nine Months Ended September 30,

 

Revenue recognized in the period from:

 

2023

 

 

2022

 

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

 

$

31,081

 

 

$

38,208