XML 67 R18.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Research Funding
12 Months Ended
Dec. 31, 2019
Research and Development [Abstract]  
Research Funding
Research Funding
California Institute of Regenerative Medicine Grant Award
In February 2017, the California Institute for Regenerative Medicine ("CIRM") awarded the Company funds of up to $12.2 million to support the T-Rex Study. The funding will be based upon the achievement of certain milestones related to the proportion of subjects enrolled in California, as well as manufacturing and development costs incurred in California. In March 2018, CIRM calculated the precise amount of the funding award as $8.1 million, based on the actual number of subjects enrolled in California. The Company received $5.7 million in initial funding in May 2017, and a $1.9 million milestone payment in December 2017, $0.3 million progress payment in March 2018, and $200,000 progress payment in May 2019, of which the total will be amortized over the estimated award period through July 2020 as a reduction to the related research and development expenses. As of December 31, 2019, $1.6 million of the funding received is recorded in accrued liabilities, representing the amount expected to be recognized over the next 12 months. During the years ended December 31, 2019 and December 31, 2018, the Company amortized and recognized a $2.7 million and $2.6 million credit to research and development related to CIRM funds received.