Note 6 - License Revenue with Affiliate

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

Note

6

- License Revenue with Affiliate

	Year Ended December 31,
(in thousands)	2019		2018
License revenue with affiliate	$	198	$	1,023

License revenue with affiliate for the years ended

December 31, 2019

and

2018

represents revenue from a License Agreement with Lee’s (HK) and constitutes a contract with a customer accounted for in accordance with ASC Topic

606,

which we adopted effective

January 1, 2018

(see,

Note

5

- Accounting Policies and Recent Accounting Pronouncements, and Note

16

- Collaboration, Licensing and Research Funding Agreements). There was

no

impact to License revenue with affiliate previously recognized as a result of the adoption of ASC Topic

606.

All revenue related to the License Agreement was recognized as of the

second

quarter of

2019

and

no

future material performance obligations are due.