Note 4 – Other revenue

The Company determined that certain collaborations with a third-party are within the scope of ASC 606. The collaboration agreement is made up of multiple modules related to various research activities. While the Company identified a single performance obligation to provide research services within each module for which the Company receives monetary consideration, as the promises included in each module are similar in nature, the third-party can choose to proceed with each module or can terminate the agreement at any time. The consideration is recognized to revenue over each module and revenue recognized during the three months ended March 31, 2021 of $0.6 million was due to the recognition of revenue from nonrefundable payments received from the third-party.