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Restatement and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Reclassification [Line Items]  
Summary of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss per Share

The following table sets forth the potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because to include them would be anti-dilutive (in common stock equivalent shares):

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Stock options

 

 

2,962,177

 

 

 

1,762,605

 

Restricted stock units

 

 

42,879

 

 

 

 

Total

 

 

3,005,056

 

 

 

1,762,605

 

 

Prior Period Error Correction Adjustment  
Reclassification [Line Items]  
Summary of Previously Issued Unaudited Statements Affected by the Restatement

Set forth below are the adjustments to the Company’s previously issued unaudited statements of operations and comprehensive loss and unaudited balance sheet for the period affected by the restatement. The restatement adjustments did not affect the net cash used in operating activities in the Company’s statements of cash flows.

(in thousands, except per share data)

 

Three Months Ended March 31, 2022

 

Statement of Operations and Comprehensive Loss

 

As Reported

 

 

Adjustment

 

 

As Restated

 

Collaboration revenue

 

$

5,367

 

 

$

(4,899

)

 

$

468

 

Loss from operations

 

$

(7,026

)

 

$

(4,899

)

 

$

(11,925

)

Net loss

 

$

(7,012

)

 

$

(4,899

)

 

$

(11,911

)

Net loss per share attributable to common stockholders—basic and
   diluted

 

$

(0.54

)

 

$

(0.38

)

 

$

(0.92

)

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2022

 

Balance Sheet

 

As Reported

 

 

Adjustment

 

 

As Restated

 

Deferred revenue

 

$

10,060

 

 

$

4,163

 

 

$

14,223

 

Deferred revenue, net of current portion

 

$

1,288

 

 

$

736

 

 

$

2,024

 

Total liabilities

 

$

19,189

 

 

$

4,899

 

 

$

24,088

 

Accumulated deficit

 

$

(200,409

)

 

$

(4,899

)

 

$

(205,308

)

Stockholders' equity

 

$

28,156

 

 

$

(4,899

)

 

$

23,257

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2022

 

Statement of Cash Flows

 

As Reported

 

 

Adjustment

 

 

As Restated

 

Net loss

 

$

(7,012

)

 

$

(4,899

)

 

$

(11,911

)

Deferred revenue

 

$

(367

)

 

$

4,899

 

 

$

4,532