XML 50 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Revenue from contract with customer $ 82,654  
Revenue from Contract with Customer, Product and Service [Extensible List] rlay:LicenseRevenueMember  
Total revenue $ 82,654  
Operating expenses:    
Research and development expenses 99,862 $ 70,306
General and administrative expenses 38,588 13,742
Total operating expenses 138,450 84,048
Loss from operations (55,796) (84,048)
Other income (expense):    
Interest income 3,400 8,801
Other expense (16) (58)
Total other income (expense), net 3,384 8,743
Net loss (52,412) (75,305)
Deemed dividend resulting from extinguishment upon modification of Series C preferred stock (177,789)  
Net loss attributable to common stockholders $ (230,201) $ (75,305)
Net loss attributable to common stockholders per share, basic and diluted $ (5.40) $ (21.82)
Weighted average shares of common stock, basic and diluted 42,619,582 3,450,500
Other comprehensive income (loss):    
Unrealized holding gain (loss) $ (261) $ 325
Total other comprehensive income (loss) (261) 325
Total comprehensive loss $ (52,673) $ (74,980)