Quarterly report pursuant to Section 13 or 15(d)

Animal Health License Agreements (Tables)

v2.4.0.8
Animal Health License Agreements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2014

    (152,540 )

Net deferred revenue balance at June 30, 2014

  $ 1,403,760  

 

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