XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
[1]
Income Statement [Abstract]        
Revenue     $ 18,943  
Type of revenue [Extensible List] us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember
Operating expenses:        
Research and development $ 12,680 $ 9,913 $ 36,873 $ 26,582
General and administrative 5,695 1,586 15,677 4,580
Total operating expenses 18,375 11,499 52,550 31,162
Loss from operations (18,375) (11,499) (33,607) (31,162)
Other income (expense):        
Interest income 118 185 340 809
Other income (expense), net (2)   (12) 1
Net loss (18,259) (11,314) (33,279) (30,352)
Net loss attributable to noncontrolling interest (909) (1,456) (223) (6,899)
Net loss attributable to common stockholders of Cullinan $ (17,350) $ (9,858) $ (33,056) $ (23,453)
Net loss per share, basic and diluted $ (0.40) $ (0.50) $ (0.76) $ (1.21)
Total weighted-average shares used in computing net loss per share, basic and diluted 43,438,861 19,721,992 43,254,230 19,453,479
Comprehensive loss:        
Net loss $ (18,259) $ (11,314) $ (33,279) $ (30,352)
Unrealized gain/(loss) on investments 57 (144) (56) 63
Comprehensive loss (18,202) (11,458) (33,335) (30,289)
Comprehensive loss attributable to noncontrolling interest (909) (1,456) (223) (6,899)
Comprehensive loss attributable to Cullinan $ (17,293) $ (10,002) $ (33,112) $ (23,390)
[1] The shares and per share amounts for the nine months ended September 30, 2020 were derived from the unaudited consolidated financial statements as of that date and were retroactively adjusted as a result of the Reorganization and Reverse Stock Split. See Note 3 to the unaudited consolidated financial statements for additional details.