Quarterly report pursuant to Section 13 or 15(d)

Development Award and Deferred Revenue (Tables)

v3.7.0.1
Development Award and Deferred Revenue (Tables)
3 Months Ended
Mar. 31, 2017
Deferred Revenue Disclosure [Abstract]  
Schedule of Deferred Revenue

The Company recorded $1,293,697 and $396,598 of revenue during the three months ended March 31, 2017 and 2016, respectively. Deferred revenue consists of the following:

 

 

    March 31, 2017     December 31, 2016  
Deferred revenue     646,498     $ 1,940,195  
Less: current portion     (646,498 )     (1,940,195 )
Long-term portion   $     $