XML 58 R7.htm IDEA: XBRL DOCUMENT v3.23.4
Condensed Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' (Deficit) Equity - USD ($)
$ in Thousands
Total
Series A Non Voting Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive (Loss) Income
Accumulated Deficit
Balances (in shares) at Dec. 31, 2019     1,163,000      
Balances at Dec. 31, 2019 $ 60,081   $ 3 $ 255,142 $ 51 $ (195,115)
Issuance of common stock and pre-funded warrants in connection with public and at-the-market offerings, net of offering costs (in shares)     747,000      
Issuance of common stock and pre-funded warrants in connection with public and at-the-market offerings, net of offering costs 153,572   $ 2 153,570    
Issuance of common stock in connection with exercise of stock options (in shares)     5,000      
Issuance of common stock in connection with exercise of stock options 490     490    
Issuance of common stock in connection with employee stock purchase plan (in shares)     3,000      
Issuance of common stock in connection with employee stock purchase plan 366     366    
Stock-based compensation expense 6,256     6,256    
Foreign currency translation adjustment 19       19  
Unrealized gain (loss) on marketable securities (59)       (59)  
Net loss (80,893)         (80,893)
Balances (in shares) at Dec. 31, 2020     1,918,000      
Balances at Dec. 31, 2020 139,832   $ 5 415,824 11 (276,008)
Issuance of common stock in connection with exercise of stock options (in shares)     13,000      
Issuance of common stock in connection with exercise of stock options 1,449     1,449    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     40      
Issuance of common stock in connection with employee stock purchase plan (in shares)     3,000      
Issuance of common stock in connection with employee stock purchase plan 454     454    
Stock-based compensation expense 8,038     8,038    
Foreign currency translation adjustment (1)       (1)  
Unrealized gain (loss) on marketable securities (30)       (30)  
Net loss (65,801)         (65,801)
Ending balance (in shares) at Dec. 31, 2021   0        
Ending balance at Dec. 31, 2021   $ 0        
Balances (in shares) at Dec. 31, 2021     1,974,000      
Balances at Dec. 31, 2021 83,941   $ 5 425,765 (20) (341,809)
Issuance of common stock in connection with employee stock purchase plan (in shares)     3,000      
Issuance of common stock in connection with employee stock purchase plan 184     184    
Stock-based compensation expense 2,101     2,101    
Foreign currency translation adjustment (13)       (13)  
Unrealized gain (loss) on marketable securities (120)       (120)  
Net loss (24,436)         (24,436)
Ending balance (in shares) at Mar. 31, 2022   0        
Ending balance at Mar. 31, 2022   $ 0        
Balances (in shares) at Mar. 31, 2022     1,977,000      
Balances at Mar. 31, 2022 61,657   $ 5 428,050 (153) (366,245)
Balances (in shares) at Dec. 31, 2021     1,974,000      
Balances at Dec. 31, 2021 83,941   $ 5 425,765 (20) (341,809)
Beginning balance (in shares) at Dec. 31, 2021   0        
Beginning balance at Dec. 31, 2021   $ 0        
Foreign currency translation adjustment (87)          
Unrealized gain (loss) on marketable securities (77)          
Net loss (64,993)          
Ending balance (in shares) at Sep. 30, 2022   0        
Ending balance at Sep. 30, 2022   $ 0        
Balances (in shares) at Sep. 30, 2022     2,460,000      
Balances at Sep. 30, 2022 67,555   $ 6 474,535 (184) (406,802)
Balances (in shares) at Dec. 31, 2021     1,974,000      
Balances at Dec. 31, 2021 $ 83,941   $ 5 425,765 (20) (341,809)
Beginning balance (in shares) at Dec. 31, 2021   0        
Beginning balance at Dec. 31, 2021   $ 0        
Issuance of common stock in connection with exercise of stock options (in shares) 0          
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs (in shares)     430,000      
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs $ 42,874   $ 1 42,873    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     204,000      
Issuance of common stock in connection with employee stock purchase plan (in shares)     6,000      
Issuance of common stock in connection with employee stock purchase plan 222     222    
Stock-based compensation expense 7,111     7,111    
Foreign currency translation adjustment (35)       (35)  
Unrealized gain (loss) on marketable securities 7       7  
Net loss (83,815)         (83,815)
Ending balance (in shares) at Dec. 31, 2022   0        
Ending balance at Dec. 31, 2022   $ 0        
Balances (in shares) at Dec. 31, 2022     2,614,000      
Balances at Dec. 31, 2022 50,305   $ 6 475,971 (48) (425,624)
Balances (in shares) at Mar. 31, 2022     1,977,000      
Balances at Mar. 31, 2022 61,657   $ 5 428,050 (153) (366,245)
Beginning balance (in shares) at Mar. 31, 2022   0        
Beginning balance at Mar. 31, 2022   $ 0        
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     40,000      
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs (in shares)     430,000      
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs 42,873   $ 1 42,872    
Stock-based compensation expense 2,017     2,017    
Foreign currency translation adjustment (36)       (36)  
Unrealized gain (loss) on marketable securities (31)       (31)  
Net loss (22,323)         (22,323)
Ending balance (in shares) at Jun. 30, 2022   0        
Ending balance at Jun. 30, 2022   $ 0        
Balances (in shares) at Jun. 30, 2022     2,447,000      
Balances at Jun. 30, 2022 84,157   $ 6 472,939 (220) (388,568)
Issuance of common stock in connection with employee stock purchase plan (in shares)     3,000      
Issuance of common stock in connection with employee stock purchase plan 38     38    
Issuance of common stock in connection with exercise of pre-funded warrants (8)     (8)    
Issuance of common stock and pre-funded warrants in connection with registered direct offering, net of offering costs (in shares)     10,000      
Stock-based compensation expense 1,566     1,566    
Foreign currency translation adjustment (38)       (38)  
Unrealized gain (loss) on marketable securities 74       74  
Net loss (18,234)         (18,234)
Ending balance (in shares) at Sep. 30, 2022   0        
Ending balance at Sep. 30, 2022   $ 0        
Balances (in shares) at Sep. 30, 2022     2,460,000      
Balances at Sep. 30, 2022 67,555   $ 6 474,535 (184) (406,802)
Balances (in shares) at Dec. 31, 2022     2,614,000      
Balances at Dec. 31, 2022 50,305   $ 6 475,971 (48) (425,624)
Beginning balance (in shares) at Dec. 31, 2022   0        
Beginning balance at Dec. 31, 2022   $ 0        
Issuance of common stock in connection with employee stock purchase plan (in shares)     2,000      
Issuance of common stock in connection with employee stock purchase plan 18     18    
Stock-based compensation expense 1,709     1,709    
Foreign currency translation adjustment 10       10  
Unrealized gain (loss) on marketable securities 32       32  
Net loss (18,422)         (18,422)
Ending balance (in shares) at Mar. 31, 2023   0        
Ending balance at Mar. 31, 2023   $ 0        
Balances (in shares) at Mar. 31, 2023     2,616,000      
Balances at Mar. 31, 2023 33,652   $ 6 477,698 (6) (444,046)
Balances (in shares) at Dec. 31, 2022     2,614,000      
Balances at Dec. 31, 2022 50,305   $ 6 475,971 (48) (425,624)
Beginning balance (in shares) at Dec. 31, 2022   0        
Beginning balance at Dec. 31, 2022   $ 0        
Foreign currency translation adjustment (1)          
Unrealized gain (loss) on marketable securities (83)          
Net loss (275,610)          
Ending balance (in shares) at Sep. 30, 2023   1,086,339        
Ending balance at Sep. 30, 2023   $ 387,105        
Balances (in shares) at Sep. 30, 2023     4,049      
Balances at Sep. 30, 2023 (245,402)   $ 7 455,957 (132) (701,234)
Balances (in shares) at Mar. 31, 2023     2,616,000      
Balances at Mar. 31, 2023 $ 33,652   $ 6 477,698 (6) (444,046)
Beginning balance (in shares) at Mar. 31, 2023   0        
Beginning balance at Mar. 31, 2023   $ 0        
Issuance of Series A non-voting convertible preferred stock (in shares) 721,000          
Issuance of Series A non-voting convertible preferred stock   $ 197,323        
Issuance of common stock forward in connection with the asset acquisition of Spyre $ 3,768     3,768    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     624,000      
CVR distribution to common stockholders (29,500)     (29,500)    
Stock-based compensation expense 1,775     1,775    
Foreign currency translation adjustment 18       18  
Unrealized gain (loss) on marketable securities (1)       (1)  
Net loss (217,081)         (217,081)
Ending balance (in shares) at Jun. 30, 2023   721,000        
Ending balance at Jun. 30, 2023   $ 197,323        
Balances (in shares) at Jun. 30, 2023     3,240,000      
Balances at Jun. 30, 2023 $ (207,369)   $ 6 453,741 11 (661,127)
Issuance of Series A non-voting convertible preferred stock (in shares) 365,000          
Issuance of Series A non-voting convertible preferred stock   189,741        
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)     10,000      
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan $ 105     105    
Settlement of financing costs in connection with private placement of Series A non-voting convertible preferred stock   $ 41        
Issuance of common stock in connection with the asset acquisition of Spyre and settlement of related forward contract (in shares)     518,000      
Issuance of common stock in connection with the asset acquisition of Spyre and settlement of related forward contract     $ 1 (1)    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)     281,000      
Stock-based compensation expense 2,112     2,112    
Foreign currency translation adjustment (29)       (29)  
Unrealized gain (loss) on marketable securities (114)       (114)  
Net loss (40,107)         (40,107)
Ending balance (in shares) at Sep. 30, 2023   1,086,339        
Ending balance at Sep. 30, 2023   $ 387,105        
Balances (in shares) at Sep. 30, 2023     4,049      
Balances at Sep. 30, 2023 $ (245,402)   $ 7 $ 455,957 $ (132) $ (701,234)