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Nature of Operations and Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Effect of Error Correction on Previously Issued Financial Statements

The following table presents the effect of the error correction on the Company’s unaudited condensed interim balance sheet as of March 31, 2021, unaudited condensed interim statement of operations for the three months ended March 31, 2021, and unaudited condensed interim statement of cash flows for the three months ended March 31, 2021.

 

 

Three Months Ended March 31, 2021

 

 

 

As Previously Reported

 

 

Correction of Error

 

 

As Restated

 

Changes in the balance sheet:

 

 

 

 

 

 

 

 

 

 

 

 

Deferred collaboration funding, short-term

 

$

20,715,764

 

 

$

(1,699,506

)

 

$

19,016,258

 

Total current liabilities

 

 

34,035,435

 

 

$

(1,699,506

)

 

 

32,335,929

 

Other non-current liabilities

 

 

65,818

 

 

 

4,797,639

 

 

 

4,863,457

 

Total liabilities

 

 

34,101,253

 

 

 

3,098,133

 

 

 

37,199,386

 

Accumulated deficit

 

 

(100,649,133

)

 

 

(3,098,133

)

 

 

(103,747,266

)

Total stockholders' equity

 

 

10,409,645

 

 

 

(3,098,133

)

 

 

7,311,512

 

Changes in the statement of operations:

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

3,998,133

 

 

 

(3,098,133

)

 

 

900,000

 

Loss from operations

 

 

(1,521,913

)

 

 

(3,098,133

)

 

 

(4,620,046

)

Net loss

 

 

(1,513,172

)

 

 

(3,098,133

)

 

 

(4,611,305

)

Net loss per share - basic and diluted

 

 

(0.11

)

 

 

(0.22

)

 

 

(0.33

)

Changes in the statement of cash flows:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

(1,513,172

)

 

 

(3,098,133

)

 

 

(4,611,305

)

Deferred collaboration funding, short-term and long-term

 

 

16,715,764

 

 

 

3,098,133

 

 

 

19,813,897