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The following table presents the changes in contract assets and liabilities for the year ended December 31, 2022 (in thousands):
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Balance at
December 31, 2021 |
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Additions |
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Deductions |
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Balance at December 31, 2022 |
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Accounts receivable and contract assets: |
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Billed receivables from collaboration partners |
|
$ |
— |
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|
$ |
10,315 |
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|
$ |
(10,315 |
) |
|
$ |
— |
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Unbilled receivables from collaboration partners |
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|
2,979 |
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|
9,169 |
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(10,454 |
) |
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|
1,694 |
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Total accounts receivable and contract assets |
|
$ |
2,979 |
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|
$ |
19,484 |
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|
$ |
(20,769 |
) |
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$ |
1,694 |
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Contract liabilities: |
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Deferred revenue - Incyte |
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$ |
1,268 |
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|
$ |
— |
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|
$ |
(1,268 |
) |
|
$ |
— |
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Deferred revenue - GBT |
|
|
8,913 |
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|
2,944 |
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(7,527 |
) |
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|
4,330 |
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Total contract liabilities |
|
$ |
10,181 |
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|
$ |
2,944 |
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|
$ |
(8,795 |
) |
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$ |
4,330 |
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