XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
License revenue - related party $ 2,473,705 $ 1,981,676 $ 6,683,281 $ 2,766,636
Operating expenses:        
General and administrative 11,497,270 13,437,171 23,303,404 21,936,646
Research and development 16,202,065 9,771,754 24,285,405 22,747,983
Total operating expenses 27,699,335 23,208,925 47,588,809 44,684,629
Loss from operations (25,225,630) (21,227,249) (40,905,528) (41,917,993)
Other non-operating income (expense):        
Foreign currency (loss) gain (351,863) 283,175 (1,108,567) 3,001,575
Interest income 193,604 39,726 982,975 39,726
Interest expense (34,045) (9,454) (68,011) (19,028)
Loss before income taxes (25,417,934) (20,913,802) (41,099,131) (38,895,720)
Benefit for income taxes   91,390   91,390
Net loss (25,417,934) (20,822,412) (41,099,131) (38,804,330)
Other comprehensive income:        
Foreign currency translation gain, net of tax of $0, for the three-month and six-month periods ended June 30, 2020, and $91,390 for the three-month and six-month periods ended June 30, 2019 517,592 1,579,882 4,463,516 446,199
Total comprehensive loss (24,900,342) (19,242,530) (36,635,615) (38,358,131)
Net loss $ (25,417,934) $ (20,822,412) $ (41,099,131) $ (38,804,330)
Basic and diluted net loss per ordinary share $ (0.69) $ (0.63) $ (1.12) $ (1.26)
Weighted-average number of ordinary shares outstanding 36,969,682 32,827,029 36,797,316 30,814,639