Quarterly report pursuant to Section 13 or 15(d)

Animal Health License Agreements (Tables)

v2.4.0.8
Animal Health License Agreements (Tables)
3 Months Ended
Mar. 31, 2014
Animal Health License Agreements [Abstract]  
Schedule of Current and Long-Term Deferred Revenues
Category
 
Totals
 
License fees and milestone amounts received / achieved
 
$
1,920,000
 
Third party obligations recorded, including WU
   
(363,700
)
Deferred revenue balance
   
1,556,300
 
Revenue recognized to March 31, 2014
   
(128,365
)
Net deferred revenue balance at March 31, 2014
 
$
1,427,935
 
 
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