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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (Unaudited)

16.

Selected Quarterly Financial Data (Unaudited)

The following table contains quarterly financial information for 2019 and 2018. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair statement of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

 

 

 

2019

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

Collaboration revenue - related party

 

$

6,615

 

 

$

10,454

 

 

$

4,840

 

 

$

5,279

 

 

$

27,188

 

Grant revenue

 

 

446

 

 

 

260

 

 

 

85

 

 

 

311

 

 

 

1,102

 

Collaboration revenue

 

 

260

 

 

 

1,817

 

 

 

2,106

 

 

 

2,032

 

 

 

6,215

 

Total operating expenses

 

 

31,874

 

 

 

23,479

 

 

 

24,214

 

 

 

26,814

 

 

 

106,381

 

Loss from operations

 

 

(24,553

)

 

 

(10,948

)

 

 

(17,183

)

 

 

(19,192

)

 

 

(71,876

)

Net loss

 

 

(24,333

)

 

 

(10,759

)

 

 

(16,409

)

 

 

(18,778

)

 

 

(70,279

)

Net loss per share applicable to common

   stockholders - basic and diluted

 

$

(0.59

)

 

$

(0.24

)

 

$

(0.23

)

 

$

(0.27

)

 

$

(1.24

)

 

 

 

2018

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

Total

 

Collaboration revenue - related party

 

$

3,766

 

 

$

4,271

 

 

$

8,684

 

 

$

10,196

 

 

$

26,917

 

Grant revenue

 

 

205

 

 

 

341

 

 

 

371

 

 

 

433

 

 

 

1,350

 

Total operating expenses

 

 

32,237

 

 

 

32,748

 

 

 

31,266

 

 

 

32,300

 

 

 

128,551

 

Loss from operations

 

 

(28,266

)

 

 

(28,136

)

 

 

(22,211

)

 

 

(21,671

)

 

 

(100,284

)

Net loss

 

 

(27,919

)

 

 

(27,787

)

 

 

(21,949

)

 

 

(21,287

)

 

 

(98,942

)

Net loss per share applicable to common

   stockholders - basic and diluted

 

$

(0.69

)

 

$

(0.68

)

 

$

(0.54

)

 

$

(0.52

)

 

$

(2.43

)