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Acquisition Accounting (Tables) | 3 Months Ended
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Mar. 31, 2018
Acquisition Accounting [Abstract] |
Schedule of Acquisition-date Fair Value of Consideration | The acquisition-date fair value of the consideration transferred is as follows:
Number of shares of the combined company owned by Inotek shareholders |  |  | 6,805,608 |
Number of shares issuable in connection with fully vested RSUs of Inotek immediately prior to the Reverse Merger |  |  | 271,718 |
Inotek common stock on the acquisition date |  |  | 7,077,326 |
Price per share of Inotek common stock on acquisition date |  | $ | 12.16 |
Total purchase price |  | $ | 86,060 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the provisional fair value purchase price allocation of the assets acquired and liabilities assumed at the date of acquisition which is subject to adjustment as the Company finalizes it valuation:
Cash and cash equivalents |  | $ | 76,348 |
Short term investments |  |  | 21,292 |
Prepaid expense and other assets |  |  | 1,041 |
Property and equipment |  |  | 256 |
Deposits |  |  | 168 |
Goodwill |  |  | 30,815 |
Accounts payable and accrued expenses |  |  | (4,961 | )
Convertible notes |  |  | (38,388 | )
Unfavorable lease liability |  |  | (511 | )
Net assets acquired |  | $ | 86,060 |
Schedule of Pro Forma Information | The following supplemental unaudited pro forma information presents the Company’s financial results as if the acquisition of Inotek had occurred on January 1, 2017:
|  | Three Months Ended March 31, |
|  | 2018 |  |  | 2017 |
Revenue |  | $ | - |  |  | $ | - |
Net loss |  |  | (15,998 | ) |  |  | (15,670 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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