Animal Health License Agreements (Tables)

3 Months Ended

Mar. 31, 2014

Animal Health License Agreements [Abstract]

Schedule of Current and Long-Term Deferred Revenues

Category	Totals
License fees and milestone amounts received / achieved	$	1,920,000
Third party obligations recorded, including WU		(363,700	)
Deferred revenue balance		1,556,300
Revenue recognized to March 31, 2014		(128,365	)
Net deferred revenue balance at March 31, 2014	$	1,427,935

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