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Convertible Preferred Shares (Tables)

9 Months Ended

Sep. 30, 2020

Temporary Equity Disclosure [Abstract]

Schedule of Convertible Preferred Shares Activities

The Company’s convertible preferred shares activities for the nine months ended September 30, 2019 and 2020 are summarized below:

		Series A Preferred Shares												Series B Preferred Shares												Series C Preferred Shares												Series C-1 Preferred Shares
		Number of shares				Amount				Amount				Number of shares				Amount				Amount				Number of shares				Amount				Amount				Number of shares				Amount				Amount
						US$				RMB								US$				RMB								US$				RMB								US$				RMB
Balance as of January 1, 2019 and September 30, 2019			30,227,056				102,852				687,482				30,305,212				139,407				921,243				31,046,360				197,478				1,306,633				—				—				—
Balance as of January 1, 2020			30,227,056				102,852				687,482				30,305,212				139,407				921,243				31,046,360				197,478				1,306,633				3,857,143				26,914				188,819
Conversion to ordinary shares upon IPO			(30,227,056	)			(102,852	)			(687,482	)			(30,305,212	)			(139,407	)			(921,243	)			(31,046,360	)			(197,478	)			(1,306,633	)			(3,857,143	)			(26,914	)			(188,819	)
Balance as of September 30, 2020			—				—				—				—				—				—				—				—				—				—				—				—

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- References

No definition available.

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- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (27)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

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