Quarterly report pursuant to Section 13 or 15(d)

Animal Health License Agreements (Tables)

v3.3.0.814
Animal Health License Agreements (Tables)
9 Months Ended
Sep. 30, 2015
Animal Health License Agreements [Abstract]  
Schedule of Current and Long-Term Deferred Revenues

Category

Totals

 

License fees and milestone amounts paid/achieved

$ 1,920,000  

Third party obligations recorded, including WU

  (363,700 )

Deferred revenue balance

  1,556,300  

Revenue amortization to September 30, 2015

    (273,413 )
         

Net deferred revenue balance at September 30, 2015

  $ 1,282,887  

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