(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||
Exhibit No. | Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
Date: May 16, 2022 | EXICURE, INC. | |||||||
By: | /s/ Elias D. Papadimas | |||||||
Elias D. Papadimas | ||||||||
Chief Financial Officer |
Exhibit 99.1 | |||||
March 31, 2022 | December 31, 2021 | ||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 23,890 | $ | 34,644 | |||||||
Short-term investments | 2,494 | 4,497 | |||||||||
Prepaid expenses and other assets | 2,798 | 4,525 | |||||||||
Total current assets | 29,182 | 43,666 | |||||||||
Property and equipment, net | 3,612 | 3,927 | |||||||||
Right-of-use asset | 7,781 | 7,950 | |||||||||
Other noncurrent assets | 1,321 | 9,325 | |||||||||
Total assets | $ | 41,896 | $ | 64,868 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current liabilities: | |||||||||||
Current portion of long-term debt | $ | — | $ | 6,873 | |||||||
Accounts payable | 1,918 | 3,413 | |||||||||
Accrued expenses and other current liabilities | 3,227 | 6,464 | |||||||||
Deferred revenue, current | 16,216 | 17,317 | |||||||||
Total current liabilities | 21,361 | 34,067 | |||||||||
Deferred revenue, noncurrent | 10,045 | 11,509 | |||||||||
Lease liability, noncurrent | 7,254 | 7,404 | |||||||||
Other noncurrent liabilities | — | 656 | |||||||||
Total liabilities | $ | 38,660 | $ | 53,636 | |||||||
Stockholders’ equity: | |||||||||||
Preferred stock, $0.0001 par value per share; 10,000,000 shares authorized, no shares issued and outstanding, March 31, 2022 and December 31, 2021 | — | — | |||||||||
Common stock, $0.0001 par value per share; 200,000,000 shares authorized, 122,792,877 issued and outstanding, March 31, 2022; 108,783,144 issued and outstanding, December 31, 2021 | 12 | 11 | |||||||||
Additional paid-in capital | 181,644 | 181,290 | |||||||||
Accumulated other comprehensive loss | (5) | (2) | |||||||||
Accumulated deficit | (178,415) | (170,067) | |||||||||
Total stockholders' equity | 3,236 | 11,232 | |||||||||
Total liabilities and stockholders’ equity | $ | 41,896 | $ | 64,868 |
Three Months Ended March 31, | |||||||||||
2022 | 2021 | ||||||||||
Revenue: | |||||||||||
Collaboration revenue | $ | 2,565 | $ | 997 | |||||||
Total revenue | 2,565 | 997 | |||||||||
Operating expenses: | |||||||||||
Research and development expense | 7,140 | 10,262 | |||||||||
General and administrative expense | 3,162 | 2,892 | |||||||||
Total operating expenses | 10,302 | 13,154 | |||||||||
Operating loss | (7,737) | (12,157) | |||||||||
Other (expense) income, net: | |||||||||||
Dividend income | 2 | 1 | |||||||||
Interest income | 2 | 88 | |||||||||
Interest expense | (595) | (409) | |||||||||
Other expense, net | (20) | — | |||||||||
Total other expense, net | (611) | (320) | |||||||||
Net loss before provision for income taxes | (8,348) | (12,477) | |||||||||
Provision for income taxes | — | — | |||||||||
Net loss | $ | (8,348) | $ | (12,477) | |||||||
Basic and diluted loss per common share | $ | (0.07) | $ | (0.14) | |||||||
Weighted-average basic and diluted common shares outstanding | 120,939,957 | 87,852,378 | |||||||||
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Cover |
May 16, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | May 16, 2022 |
Entity Registrant Name | EXICURE, INC. |
Entity Central Index Key | 0001698530 |
Amendment Flag | false |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-39011 |
Entity Tax Identification Number | 81-5333008 |
Entity Address, Address Line One | 2430 N. Halsted St. |
Entity Address, City or Town | Chicago |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60614 |
City Area Code | 847 |
Local Phone Number | 673-1700 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.0001 per share |
Trading Symbol | XCUR |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | true |
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