XML 43 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Significant Accounting Policies [Line Items]  
Summary of Estimated Useful Lives of Property and Equipment

Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets as follows:

 

 

 

Useful life

Office equipment

 

3 years

Electronic equipment

 

3 years

Vehicle

 

4 years

Laboratory equipment

 

5 years

Manufacturing equipment

 

10 years

Leasehold improvements

 

lesser of useful life or lease term

Suppliers Accounted for 10% or More of Research and Development Expenses

The following suppliers accounted for 10% or more of research and development expenses for the nine months ended September 30, 2018 and 2019:

 

 

 

For the nine months ended

September 30,

 

 

 

2018

 

 

2019

 

 

 

$

 

 

$

 

A

 

 

14,879,238

 

 

*

 

B

 

 

10,769,334

 

 

*

 

C

 

*

 

 

 

28,136,372

 

D

 

*

 

 

 

18,474,269

 

ASU 2016-02  
Significant Accounting Policies [Line Items]  
Schedule of Impact on Unaudited Condensed Consolidated Balance Sheet Upon Adoption of ASU 2016-02

The impact on the unaudited condensed consolidated balance sheet upon adoption of ASU 2016-02 was as follows:

 

 

 

As of

 

 

Effect of

 

 

As of

 

 

 

December 31,

 

 

the option of

 

 

January 1,

 

 

 

2018

 

 

ASU 2016-02

 

 

2019

 

 

 

As reported

 

 

 

 

 

 

As adjusted

 

 

 

$

 

 

$

 

 

$

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Prepayments and other current assets

 

 

5,749,260

 

 

 

(138,740

)

 

 

5,610,520

 

Operating lease right-of-use assets

 

 

 

 

 

7,093,473

 

 

 

7,093,473

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

 

 

 

 

(2,286,889

)

 

 

(2,286,889

)

Non-current operating lease liabilities

 

 

 

 

 

(4,667,844

)

 

 

(4,667,844

)