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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Revenue Disaggregated by Research Program

The following table presents revenue disaggregated by research program (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

MAT2A

 

$

3,740

 

 

$

1,763

 

 

$

11,599

 

 

$

3,230

 

Pol Theta

 

 

1,224

 

 

 

5,074

 

 

 

3,344

 

 

 

8,609

 

WRN

 

 

887

 

 

 

1,919

 

 

 

2,267

 

 

 

4,164

 

Total collaboration revenue

 

$

5,851

 

 

$

8,756

 

 

$

17,210

 

 

$

16,003

 

Summary of Contract Balances

The following table presents the significant changes in the balance of contract liabilities during the six months ended June 30, 2022 (in thousands):

 

 

 

Contract liabilities

 

Balance as of December 31, 2021

 

$

60,232

 

Reclassification to revenue, as the result of performance obligations satisfied

 

 

(17,210

)

Cash received for cost reimbursements

 

 

564

 

Increase in accounts receivable

 

 

288

 

Balance as of June 30, 2022

 

$

43,874

 

Summary of Transaction Price Allocated to Remaining Performance Obligations

The following table presents the transaction price allocated to the remaining performance obligations as of June 30, 2022 (in thousands):

 

Performance Obligations

 

Allocation of Transaction Price

 

Pol Theta R&D Services

 

$

9,998

 

WRN R&D Services

 

 

18,155

 

MAT2A Option

 

 

17,470

 

Total transaction price allocated to the remaining performance obligations

 

$

45,623