| Schedule Of Revenue Associated With License Agreement |
We recognized revenue associated with the KKC Commercialization Agreement for the periods presented (in thousands):
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Three Months Ended
December 31, |
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Six Months Ended
December 31, |
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|
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2022 |
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|
2021 |
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|
2022 |
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|
2021 |
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Revenue |
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$ |
32,735 |
|
|
$ |
11,832 |
|
|
$ |
41,465 |
|
|
$ |
19,589 |
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Timing of Revenue Recognition: |
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Services performed over time |
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$ |
32,473 |
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|
$ |
9,625 |
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|
$ |
40,832 |
|
|
$ |
16,810 |
|
Pass through services at a point in time |
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|
262 |
|
|
|
2,207 |
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|
|
633 |
|
|
|
2,779 |
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|
|
$ |
32,735 |
|
|
$ |
11,832 |
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|
$ |
41,465 |
|
|
$ |
19,589 |
|
|
| Schedule of Changes in Contract Assets and Contract Liabilities |
The following table presents changes in accounts receivable, unbilled receivables and contract liabilities accounted for under Topic 606 for the periods presented (in thousands):
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Six Months Ended
December 31, |
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2022 |
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|
2021 |
|
Accounts receivable |
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Accounts receivable, beginning of period |
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$ |
— |
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|
$ |
— |
|
Amounts billed |
|
|
17,803 |
|
|
|
35,757 |
|
Payments received |
|
|
(17,803 |
) |
|
|
(35,757 |
) |
Accounts receivable, end of period |
|
$ |
— |
|
|
$ |
— |
|
Unbilled receivables |
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|
|
|
|
|
Unbilled receivables, beginning of period |
|
$ |
10,044 |
|
|
$ |
7,582 |
|
Billable amounts |
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|
13,463 |
|
|
|
38,326 |
|
Amounts billed |
|
|
(17,803 |
) |
|
|
(35,757 |
) |
Unbilled receivables, end of period |
|
$ |
5,704 |
|
|
$ |
10,151 |
|
Contract liabilities |
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|
|
|
|
|
Contract liabilities, beginning of period |
|
$ |
30,900 |
|
|
$ |
14,677 |
|
Payments received |
|
|
— |
|
|
|
20,000 |
|
Revenue recognized |
|
|
(2,831 |
) |
|
|
(1,264 |
) |
Revenue recognized from change in estimate for performance obligations that are being closed |
|
|
(16,565 |
) |
|
|
— |
|
Revenue recognized for performance obligations that will no longer commence |
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|
(8,607 |
) |
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|
— |
|
Contract liabilities, end of period |
|
$ |
2,897 |
|
|
$ |
33,413 |
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