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Nature of Business and Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule of Restatement Consolidated Statement of Operations The effect of the change to the classification is as follows:

 

 

 

Three Months Ended March 31, 2022

 

(in thousands)

 

As reported

 

 

Adjustment

 

 

As restated

 

OPERATING EXPENSES:

 

 

 

 

 

 

 

 

 

Research and development

 

$

8,012

 

 

$

19,269

 

 

$

27,281

 

General and administrative

 

 

29,024

 

 

 

(19,269

)

 

 

9,755

 

Total operating expenses

 

$

37,036

 

 

$

-

 

 

$

37,036

 

Schedule of Restatement Earnings Per Share Basic and Diluted The effect of the change to calculation and presentation of net loss per share for the three months ended March 31, 2021, on the condensed consolidated statement of operations, as well as the disclosures in Note 14, is as follows:

 

(In thousands, except shares and per share data)

 

THREE MONTHS ENDED MARCH 31, 2021

 

 

 

As reported

 

 

Adjustment

 

 

As restated

 

Net loss

 

$

(21,283

)

 

$

 

 

$

(21,283

)

Numerator:

 

 

 

 

 

 

 

 

 

Less: Accruals of dividends of preferred stock

 

 

(4,296

)

 

 

4,296

 

 

 

-

 

Net loss available to common stockholders

 

$

(25,579

)

 

$

4,296

 

 

$

(21,283

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common stock outstanding

 

 

96,300,247

 

 

 

-

 

 

 

96,300,247

 

Net loss per share, basic and diluted

 

$

(0.27

)

 

$

0.05

 

 

$

(0.22

)