XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating expenses:        
Research and development expenses $ 6,137 $ 3,902 $ 11,962 $ 8,253
General and administrative expenses 2,394 2,093 4,812 3,862
Total operating expenses 8,531 5,995 16,774 12,115
Loss from operations (8,531) (5,995) (16,774) (12,115)
Other income and expenses:        
Grant income 1,081 678 2,670 1,442
Fair value adjustment for preferred stock tranche rights liability and anti-dilution warrants liability   (488) 1,265 296
R&D tax credits 186 155 370 353
Other income (expense), net 12 (47) (30) (75)
Loss before income taxes (7,252) (5,697) (12,499) (10,099)
Income tax benefit (expense) 50 (58) 50 (58)
Net loss (7,202) (5,755) (12,449) (10,157)
Cumulative dividends on Series A preferred stock (106) (106) (213) (213)
Accretion of redeemable convertible preferred stock to redemption value     (4,189) (1,612)
Net loss attributable to common stockholders $ (10,302) $ (6,776) $ (16,851) $ (11,982)
Basic and diluted net loss per common share $ (29.49) $ (36.49) $ (55.63) $ (64.52)
Weighted-average common shares outstanding—basic and diluted 349,290 185,716 302,919 185,716
Net loss $ (7,202) $ (5,755) $ (12,449) $ (10,157)
Foreign currency translation adjustments 245 529 (72) 262
Comprehensive loss (6,957) (5,226) (12,521) (9,895)
Series A Preferred Stock        
Other income and expenses:        
Accretion of redeemable convertible preferred stock to redemption value $ (2,994) $ (915) $ (4,189) $ (1,612)