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Restatement of Previously Issued Combined Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Combined Balance Sheet [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Schedule of Error Corrections and Prior Period Adjustments

The following tables present the revised results for the year ended December 31, 2020, the adjustments made and the previously reported amounts to summarize the effect of the restatement on the previously-issued combined financial statements for the periods impacted (in thousands).

Combined Balance Sheets

		December 31, 2020
		Reported				Adjustment				Restated
Assets:
Accounts receivable		$	8,870			$	7,005			$	15,875
Total current assets		$	9,644			$	7,005			$	16,649
Intangible assets, net		$	186,592			$	52			$	186,644
Goodwill		$	84,066			$	(87	)		$	83,979
Total assets		$	288,410			$	6,970			$	295,380

		December 31, 2020
		Reported				Adjustment				Restated
Liabilities:
Accrued liabilities		$	3,456			$	500			$	3,956
Current portion of finance lease liabilities		$	14			$	(13	)		$	1
Total current liabilities		$	13,790			$	487			$	14,277
Deferred income taxes, net		$	29,185			$	(260	)		$	28,925
Other long-term liabilities		$	1,295			$	13			$	1,308
Total liabilities		$	59,603			$	240			$	59,843
Parent company net investment:
Parent company net investment		$	228,807			$	6,730			$	235,537
Total liabilities and parent company net investment		$	288,410			$	6,970			$	295,380

Combined Balance Sheets

		December 31, 2019
		Reported				Adjustment				Restated
Assets:
Accounts receivable		$	7,774			$	150			$	7,924
Total current assets		$	7,795			$	150			$	7,945
Goodwill		$	77,108			$	(86	)		$	77,022
Total assets		$	262,320			$	64			$	262,384
Liabilities:
Accounts payable		$	806			$	71			$	877
Current portion of finance lease liabilities		$	—			$	7			$	7
Total current liabilities		$	6,139			$	78			$	6,217
Deferred income taxes, net		$	35,388			$	(86	)		$	35,302
Other long-term liabilities		$	295			$	14			$	309
Total liabilities		$	44,135			$	6			$	44,141
Parent company net investment:
Parent company net investment		$	218,185			$	58			$	218,243
Total liabilities and parent company net investment		$	262,320			$	64			$	262,384

Combined Statement Of Operations [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Schedule of Error Corrections and Prior Period Adjustments

Combined Statements of Operations

		Year ended December 31, 2020
		Reported				Adjustment				Restated
Research and development		$	24,894			$	(98	)		$	24,796
General and administrative		$	10,240			$	(15	)		$	10,225
Total operating expenses		$	49,004			$	(113	)		$	48,891
Loss from operations		$	(25,736	)		$	113			$	(25,623	)
Loss before income tax		$	(23,841	)		$	113			$	(23,728	)
Income tax benefit (expense)		$	5,945			$	226			$	6,171
Net loss		$	(17,896	)		$	339			$	(17,557	)

Combined Statements of Operations

		Year ended December 31, 2019
		Reported				Adjustment				Restated
License and milestone revenue		$	12,685			$	65			$	12,750
Service revenue		$	5,528			$	40			$	5,568
Total revenue		$	18,213			$	105			$	18,318
Research and development		$	13,137			$	71			$	13,208
General and administrative		$	7,976			$	675			$	8,651
Total operating expenses		$	30,599			$	746			$	31,345
Loss from operations		$	(12,386	)		$	(641	)		$	(13,027	)
Loss before income tax		$	(12,386	)		$	(641	)		$	(13,027	)
Income tax benefit (expense)		$	(657	)		$	95			$	(562	)
Net loss		$	(13,043	)		$	(546	)		$	(13,589	)

Combined Statement Of Changes In Parent Company Net Investment [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Schedule of Error Corrections and Prior Period Adjustments

Combined Statements of changes in Parent Company Net Investment

		December 31, 2020
		Reported				Adjustment				Restated
Parent company net investment – January 1, 2020		$	218,185			$	58			$	218,243
Net loss		$	(17,896	)		$	339			$	(17,557	)
Net transfers from parent company		$	19,353			$	6,333			$	25,686
Parent company net investment – December 31, 2020		$	228,807			$	6,730			$	235,537

Combined Statements of changes in Parent Company Net Investment

		December 31, 2019
		Reported				Adjustment				Restated
Net loss		$	(13,043	)		$	(546	)		$	(13,589	)
Net transfers from parent company		$	19,686			$	604			$	20,290
Parent company net investment – December 31, 2019		$	218,185			$	58			$	218,243

Combined Statement Of Cash Flows [Member]

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Schedule of Error Corrections and Prior Period Adjustments

Combined Statements of Cash Flows

		Year ended December 31, 2020
		Reported				Adjustment				Restated
Operating activities:
Net loss		$	(17,896	)		$	339			$	(17,557	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Deferred income taxes, net		$	(5,960	)		$	(225	)		$	(6,185	)
Other		$	—			$	161			$	161
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net		$	(1,096	)		$	1,435			$	339
Accounts payable and accrued liabilities		$	2,337			$	422			$	2,759
Deferred revenue		$	9,779			$	(8,451	)		$	1,328
Other		$	1,323			$	(14	)		$	1,309
Net cash provided by operating activities		$	9,952			$	(6,333	)		$	3,619

		Year ended December 31, 2020
		Reported				Adjustment				Restated
Financing activities:
Net transfer from parent		$	19,353			$	6,333			$	25,686
Net cash provided by financing activities		$	17,028			$	6,333			$	23,361
Supplemental disclosure of cash flow information:
Deferred revenue recorded in accounts receivable		$	—			$	8,451			$	8,451

Combined Statements of Cash Flows

		Year ended December 31, 2019
		Reported				Adjustment				Restated
Operating activities:
Net loss		$	(13,043	)		$	(546	)		$	(13,589	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Deferred income taxes, net		$	653			$	(96	)		$	557
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net		$	(5,565	)		$	1,275			$	(4,290	)
Accounts payable and accrued liabilities		$	(648	)		$	78			$	(570	)
Deferred revenue		$	(450	)		$	(1,425	)		$	(1,875	)
Other		$	(1,959	)		$	110			$	(1,849	)
Net cash used in operating activities		$	(4,591	)		$	(604	)		$	(5,195	)
Financing activities:
Net transfer from parent		$	19,686			$	604			$	20,290
Net cash provided by financing activities		$	16,686			$	604			$	17,290
Supplemental disclosure of cash flow information:
Deferred revenue recorded in accounts receivable		$	—			$	1,425			$	1,425

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-Name Accounting Standards Codification
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