Annual report pursuant to Section 13 and 15(d)

Animal Health License Agreements (Tables)

v2.4.0.8
Animal Health License Agreements (Tables)
12 Months Ended
Dec. 31, 2013
Animal Health License Agreements [Abstract]  
Schedule of Current and Long-Term Deferred Revenues
Category
 
Totals
 
License fees and milestone amounts paid / achieved
 
$
1,841,000
 
Third party obligations recorded, including WU
   
(353,284
)
Deferred revenue balance
   
1,487,716
 
Revenue amortization to December 31, 2013
   
(105,191
)
         
Net deferred revenue balance at December 31, 2013
 
$
1,382,525
 
 
Commencement of license fees revenue recognition
Upon signing or receipt
Commencement of milestone revenue recognition
Upon milestone achievement over then remaining life
Original amortization period
197 months