Annual report pursuant to Section 13 and 15(d)

Development Awards and Deferred Revenue (Tables)

v3.19.1
Development Awards and Deferred Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Development Awards And Deferred Revenue  
Schedule of Roll Forward Deferred Revenue

A roll forward of deferred revenue for the year ended December 31, 2018 is presented below:

 

    December 31, 2018  
Beginning balance   $  
Billing to CFF upon achievement of milestones     12,500,000  
Fair value of CFF Warrant     (6,215,225 )
Recognition of revenue     (4,822,272 )
Ending balance   $ 1,462,503