Quarterly report pursuant to Section 13 or 15(d)

Animal Health License Agreements (Tables)

v2.4.0.8
Animal Health License Agreements (Tables)
 9 Months Ended
Sep. 30, 2013
Animal Health License Agreements [Abstract]  
Schedule of Current and Long-Term Deferred Revenues
Category
  
Totals
  
License fees and milestone amounts received / achieved
  
$
1,841,000
  
Third party obligations recorded, including WU
    
(341,435
)
Deferred revenue balance
    
1,499,565
  
Revenue amortization to September 30, 2013
    
(82,183
)
         
Net deferred revenue balance at September 30, 2013
  
$
1,417,382
  
 
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