General form of registration statement for all companies including face-amount certificate companies

Revenue (Tables)

v2.4.1.9
Revenue (Tables)
 12 Months Ended
Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Revenue from Product Sales

Pieris AG has not generated revenue from product sales. Pieris AG has generated revenue pursuant to (i) license and collaboration agreements, which include upfront payments for licenses or options to obtain licenses, payments for research and development services and milestone payments, and (ii) government grants, which are shown in the table below for periods specified:

 

     Years ended December 31,  
     2013      2012  

License fees

    $ 5,159,425       $ 5,773,728   

Research and development services

      3,591,855         3,794,022   

Milestone payments

      1,128,630         257,200   

Government grants

      2,547,382         1,558,372   
  

 

 

     

 

 

  

Total Revenue

 $ 12,427,292    $ 11,383,322   
  

 

 

     

 

 

  
Revenue Received

Pieris AG received the following amounts:

 

     Years ended December 31,  
     2013      2012  

Amounts received

    $ 2,915,559       $ —     

Revenue from grant

    $ 2,430,358       $ 1,179,242   
Balance Sheet Items Related to FP7 Agreement

The following balance sheet items relate to the FP7 agreement:

 

     December 31,  
     2013      2012  

Other current assets (receivables from FP7 grant)

    $ 261,568       $ 844,719   

Cash (restricted cash)

    $ 72,497       $ 183,311   

Deferred revenue

    $ 69,444       $ 177,396