Quarterly report pursuant to Section 13 or 15(d)

Animal Health License Agreements (Tables)

Animal Health License Agreements (Tables)
9 Months Ended
Sep. 30, 2014
Animal Health License Agreements [Abstract]  
Schedule of Current and Long-Term Deferred Revenues






License fees and milestone amounts received / achieved

  $ 1,920,000  

Third party obligations recorded, including WU

    (363,700 )

Deferred revenue balance


Revenue recognized to September 30, 2014

    (176,714 )

Net deferred revenue balance at September 30, 2014

  $ 1,379,586  


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