XML 30 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Series B1 Preferred
Series Z preferred stock
Total
Temporary equity, Beginning balance (in shares) at Dec. 31, 2020       24    
Temporary equity, Ending balance (in shares) at Mar. 31, 2021       10    
Increase (Decrease) in Temporary Equity            
Conversion of Series B1 preferred stock (in shares)       (14)    
Beginning balance at Dec. 31, 2020 $ 38 $ 742,342 $ (833,552)     $ (91,172)
Beginning balance (in shares) at Dec. 31, 2020 38,291          
Ending balance (in shares) at Mar. 31, 2021 46,537          
Increase (Decrease) in Stockholders' Equity            
Conversion of Series B1 preferred stock $ 1 (1)        
Conversion of Series B1 preferred stock (in shares) 1,415          
Sale of common stock, net of issuance costs $ 3 16,258       16,261
Sale of common stock, net of issuance costs (in shares) 3,195          
Issuance of common stock under employee stock purchase plan   28       28
Issuance of common stock under employee stock purchase plan (in shares) 8          
Issuance of common stock under equity incentive plan (vesting of restricted stock units) (in shares) 237          
Issuance of common stock upon exercise of common stock options and warrants $ 4 267       271
Issuance of common stock upon exercise of common stock options and warrants (in shares) 3,375          
Issuance of common stock for services rendered   67       67
Issuance of common stock for services rendered (in shares) 16          
Stock-based compensation expense   1,111       1,111
Net (loss) income     115,738     115,738
Ending balance at Mar. 31, 2021 $ 46 760,072 (717,814)     42,304
Temporary equity, Beginning balance (in shares) at Dec. 31, 2020       24    
Beginning balance at Dec. 31, 2020 $ 38 742,342 (833,552)     (91,172)
Beginning balance (in shares) at Dec. 31, 2020 38,291          
Ending balance (in shares) at Sep. 30, 2021 52,777          
Increase (Decrease) in Stockholders' Equity            
Net (loss) income           102,210
Ending balance at Sep. 30, 2021 $ 53 764,300 (731,342)     33,011
Temporary equity, Beginning balance (in shares) at Mar. 31, 2021       10    
Increase (Decrease) in Temporary Equity            
Conversion of Series B1 preferred stock (in shares)       (10)    
Beginning balance at Mar. 31, 2021 $ 46 760,072 (717,814)     42,304
Beginning balance (in shares) at Mar. 31, 2021 46,537          
Ending balance (in shares) at Jun. 30, 2021 52,115          
Increase (Decrease) in Stockholders' Equity            
Conversion of Series B1 preferred stock $ 1 (1)        
Conversion of Series B1 preferred stock (in shares) 953          
Sale of common stock, net of issuance costs $ 2 2,510       2,512
Sale of common stock, net of issuance costs (in shares) 2,076          
Issuance of common stock under employee stock purchase plan   6       6
Issuance of common stock under employee stock purchase plan (in shares) 6          
Issuance of common stock upon exercise of common stock options and warrants $ 3 (3)        
Issuance of common stock upon exercise of common stock options and warrants (in shares) 2,496          
Issuance of common stock for services rendered   63       63
Issuance of common stock for services rendered (in shares) 47          
Stock-based compensation expense   404       404
Net (loss) income     (7,563)     (7,563)
Ending balance at Jun. 30, 2021 $ 52 763,051 (725,377)     37,726
Ending balance (in shares) at Sep. 30, 2021 52,777          
Increase (Decrease) in Stockholders' Equity            
Sale of common stock and prefunded warrants, net of issuance costs $ 1 760       761
Sale of common stock and prefunded warrants, net of issuance costs (in shares) 647          
Issuance of common stock under employee stock purchase plan   14       14
Issuance of common stock under employee stock purchase plan (in shares) 15          
Stock-based compensation expense   475       475
Net (loss) income     (5,965)     (5,965)
Ending balance at Sep. 30, 2021 $ 53 764,300 (731,342)     33,011
Beginning balance at Dec. 31, 2021 $ 53 764,861 (735,461)     $ 29,453 [1]
Beginning balance (in shares) at Dec. 31, 2021 52,818         52,818
Ending balance (in shares) at Mar. 31, 2022 52,924          
Increase (Decrease) in Stockholders' Equity            
Sale of common stock, net of issuance costs   (15)       $ (15)
Issuance of common stock under employee stock purchase plan   16       16
Issuance of common stock under employee stock purchase plan (in shares) 42          
Issuance of common stock under equity incentive plan (vesting of restricted stock units) (in shares) 27          
Issuance of common stock for services rendered   22       22
Issuance of common stock for services rendered (in shares) 37          
Stock-based compensation expense   545       545
Net (loss) income     (4,178)     (4,178)
Ending balance at Mar. 31, 2022 $ 53 765,429 (739,639)     25,843
Temporary equity, Ending balance (in shares) at Sep. 30, 2022         81  
Temporary equity, Ending balance at Sep. 30, 2022         $ 29,175  
Beginning balance at Dec. 31, 2021 $ 53 764,861 (735,461)     $ 29,453 [1]
Beginning balance (in shares) at Dec. 31, 2021 52,818         52,818
Ending balance (in shares) at Sep. 30, 2022 59,018         59,018
Increase (Decrease) in Stockholders' Equity            
Net (loss) income           $ (12,584)
Ending balance at Sep. 30, 2022 $ 59 768,754 (748,045)     20,768
Beginning balance at Mar. 31, 2022 $ 53 765,429 (739,639)     25,843
Beginning balance (in shares) at Mar. 31, 2022 52,924          
Ending balance (in shares) at Jun. 30, 2022 52,999          
Increase (Decrease) in Stockholders' Equity            
Issuance of common stock under employee stock purchase plan   12       12
Issuance of common stock under employee stock purchase plan (in shares) 34          
Issuance of common stock for services rendered   22       22
Issuance of common stock for services rendered (in shares) 41          
Stock-based compensation expense   562       562
Net (loss) income     (5,307)     (5,307)
Ending balance at Jun. 30, 2022 $ 53 766,025 (744,946)     $ 21,132
Temporary equity, Ending balance (in shares) at Sep. 30, 2022         81  
Increase (Decrease) in Temporary Equity            
Issuance of preferred stock upon Acquisition of Aceragen         $ 29,175  
Issuance of preferred stock upon Acquisition of Aceragen (in shares)         81  
Temporary equity, Ending balance at Sep. 30, 2022         $ 29,175  
Ending balance (in shares) at Sep. 30, 2022 59,018         59,018
Increase (Decrease) in Stockholders' Equity            
Issuance of common stock under employee stock purchase plan   15       $ 15
Issuance of common stock under employee stock purchase plan (in shares) 36          
Issuance of common stock upon exercise of common stock options and warrants $ 2 14       16
Issuance of common stock upon exercise of common stock options and warrants (in shares) 1,533          
Issuance of common stock for services rendered   22       22
Issuance of common stock for services rendered (in shares) 50          
Stock-based compensation expense   411       411
Issuance of common stock upon Acquisition of Aceragen $ 4 2,267       2,271
Issuance of common stock upon Acquisition of Aceragen (in shares) 4,399          
Net (loss) income     (3,099)     (3,099)
Ending balance at Sep. 30, 2022 $ 59 $ 768,754 $ (748,045)     $ 20,768
[1] The condensed consolidated balance sheet at December 31, 2021 has been derived from the audited financial statements at that date.