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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 25,341 $ 28,397
Accounts receivable 1,256 731
Grants receivable 9,480 9,172
Inventories 18,821 13,503
Prepaid expenses and other current assets 6,753 14,203
Total current assets 61,651 66,006
Property and equipment, net 56,305 58,515
Operating lease right-of-use assets 1,725 2,016
Intangible assets, net 14,547 15,680
Other assets 4,741 4,084
Total assets 138,969 146,301
Current liabilities:    
Accounts payable, including due to related party of $303 and $147, respectively 22,135 10,066
Accrued expenses and other current liabilities, including due to related party of $2,791 and $5,664 respectively 9,715 13,660
Deferred income 33,702 32,370
Operating lease liabilities 550 541
Convertible promissory notes due to related party, held at fair value   27,128
Notes payable 3,177 1,950
Warrant liabilities   15,821
Total current liabilities 69,279 101,536
Deferred income 9,040 8,914
Operating lease liabilities 1,222 1,519
Notes payable, including due to related party of $15,223 and $16,523, respectively 30,015 35,131
Warrant liabilities 1,130  
Earnout liability 6,190
Other long-term liabilities, including due to related party of $3,062 and $2,416, respectively 5,908 5,588
Total liabilities 122,784 152,688
Commitments and contingencies (Note 19)
Noncontrolling interest 11,087 11,855
Stockholders' equity (deficit):    
Preferred stock, $0.0001 par value - 250,000,000 shares authorized at June 30, 2022; zero shares issued and outstanding at June 30, 2022 and December 31, 2021
Common stock, $0.0001 par value - 900,000,000 shares authorized at June 30, 2022; 72,552,477 shares issued and outstanding at June 30, 2022; 125,961,571 shares authorized at December 31, 2021; 6,248,192 shares issued and outstanding at December 31, 2021 7 1
Additional paid-in capital 289,332 (64,549)
Accumulated other comprehensive (loss) income (344) 219
Accumulated deficit (283,896) (265,507)
Total stockholders' equity (deficit) 5,098 (329,836)
Total liabilities, noncontrolling interest, redeemable convertible preferred stock and stockholders' equity (deficit) $ 138,969 146,301
Legacy Gelesis Redeemable Convertible Preferred Stock    
Current liabilities:    
Legacy Gelesis redeemable convertible preferred stock, $0.0001 par value - zero shares issued and outstanding at June 30, 2022; 51,730,762 shares authorized at December 31, 2021; and 48,566,655 shares issued and outstanding at December 31, 2021   $ 311,594