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Deferred Grant Income
6 Months Ended
Jun. 30, 2021
Deferred Grant Income  
Deferred Grant Income

(5)   Deferred Grant Income

In April 2021, the Company received a Fast-Track Small Business Innovation Research, or SBIR, Award from the National Cancer Institute of the National Institutes of Health (the “NIH”). The Award is expected to provide $2,392,845 over three years to fund a two-phased research partnership between the Company and Massachusetts General Hospital. In May 2021, the Company received the first year funding of $308,861. Grant income is recognized as work related to the Grant is completed. The Company recognized $57,051 of Grant Income for the three and six months ended June 30, 2021, and recorded the remaining $251,810 as Deferred Grant Income.