Quarterly report pursuant to Section 13 or 15(d)

Development Awards and Deferred Revenue (Tables)

v3.19.3
Development Awards and Deferred Revenue (Tables)
9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Roll Forward Deferred Revenue

A roll forward of deferred revenue related to the Investment Agreement for the nine months ended September 30, 2019 is presented below.

 

    September 30, 2019  
Beginning balance, December 31, 2018   $ 1,462,503  
Billing to CFF upon achievement of milestones     5,000,000  
Recognition of revenue     (6,570,048 )
Reclassification to contract asset     107,545  
Ending balance, September 30, 2019   $