Quarterly report pursuant to Section 13 or 15(d)

Collaboration Revenue

Collaboration Revenue
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Collaboration Revenue Collaboration Revenue
In January 2021, the Company entered into a collaboration framework agreement with Toyota Motor Corporation (“Toyota”) with the intention of deploying the Aurora Driver into a fleet of Toyota Sienna vehicles, subject to further agreement of a collaboration projection plan that was signed in August 2021. In the six months ended June 30, 2022 and June 30, 2021, the Company received payments of $95,360 and $50,000, respectively, under the agreement. To date, the Company has received cumulative payments under the agreement of $145,360 through June 30, 2022 and expects to receive the remaining $5,000 in 2022.
Collaboration revenue is recognized using the input measure of hours expended as a percentage of total estimated hours to complete the project. In the three and six months ended June 30, 2022, the Company recognized collaboration revenue of $20,733 and $62,731, respectively. To date, the Company has recognized cumulative revenue under the agreement of $145,269 through June 30, 2022.
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