2022 Q3 Form 10-Q Financial Statement
#000095017022022036 Filed on November 04, 2022
Income Statement
Concept | 2022 Q3 | 2021 Q3 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | -100.0% | |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $6.340M | $7.142M |
YoY Change | -11.23% | 54.42% |
% of Gross Profit | ||
Research & Development | $19.84M | $16.55M |
YoY Change | 19.85% | 240.32% |
% of Gross Profit | ||
Depreciation & Amortization | $300.0K | $380.0K |
YoY Change | -21.05% | 31.49% |
% of Gross Profit | ||
Operating Expenses | $26.18M | $23.70M |
YoY Change | 10.48% | 190.2% |
Operating Profit | -$26.18M | -$23.70M |
YoY Change | 10.48% | 195.63% |
Interest Expense | $0.00 | |
YoY Change | -100.0% | |
% of Operating Profit | ||
Other Income/Expense, Net | $400.0K | $765.0K |
YoY Change | -47.71% | -121.15% |
Pretax Income | -$25.78M | -$22.93M |
YoY Change | 12.42% | 17.84% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$25.78M | -$22.93M |
YoY Change | 12.42% | 97.13% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.69 | -$0.68 |
Diluted Earnings Per Share | -$0.69 | -$676.2K |
COMMON SHARES | ||
Basic Shares Outstanding | 37.52M | 32.32M |
Diluted Shares Outstanding | 37.52M | 33.91M |
Balance Sheet
Concept | 2022 Q3 | 2021 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $178.1M | $269.9M |
YoY Change | -34.01% | 375.22% |
Cash & Equivalents | $178.1M | $269.9M |
Short-Term Investments | ||
Other Short-Term Assets | $5.189M | $3.592M |
YoY Change | 44.46% | 349.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $183.3M | $273.5M |
YoY Change | -32.98% | 375.68% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.002M | $3.908M |
YoY Change | -23.18% | -2.3% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $154.0K | $154.0K |
YoY Change | 0.0% | -88.15% |
Total Long-Term Assets | $5.803M | $4.062M |
YoY Change | 42.86% | -23.36% |
TOTAL ASSETS | ||
Total Short-Term Assets | $183.3M | $273.5M |
Total Long-Term Assets | $5.803M | $4.062M |
Total Assets | $189.1M | $277.6M |
YoY Change | -31.87% | 342.0% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $3.696M | $1.550M |
YoY Change | 138.45% | -64.77% |
Accrued Expenses | $4.477M | $3.008M |
YoY Change | 48.84% | 67.11% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $23.83M | $45.23M |
YoY Change | -47.32% | 26.33% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $22.65M | $1.699M |
YoY Change | 1233.31% | -19.1% |
Total Long-Term Liabilities | $22.65M | $1.699M |
YoY Change | 1233.31% | -39.32% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $23.83M | $45.23M |
Total Long-Term Liabilities | $22.65M | $1.699M |
Total Liabilities | $46.48M | $46.93M |
YoY Change | -0.95% | 21.89% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$265.3M | -$162.9M |
YoY Change | 62.86% | |
Common Stock | $4.000K | $4.000K |
YoY Change | 0.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $142.6M | $230.7M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $189.1M | $277.6M |
YoY Change | -31.87% | 342.0% |
Cashflow Statement
Concept | 2022 Q3 | 2021 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$25.78M | -$22.93M |
YoY Change | 12.42% | 97.13% |
Depreciation, Depletion And Amortization | $300.0K | $380.0K |
YoY Change | -21.05% | 31.49% |
Cash From Operating Activities | -$24.02M | -$12.73M |
YoY Change | 88.72% | -17.71% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$58.00K | -$99.00K |
YoY Change | -41.41% | -13.16% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | -$58.00K | -$99.00K |
YoY Change | -41.41% | -13.16% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -96.00K | 75.14M |
YoY Change | -100.13% | 4.15% |
NET CHANGE | ||
Cash From Operating Activities | -24.02M | -12.73M |
Cash From Investing Activities | -58.00K | -99.00K |
Cash From Financing Activities | -96.00K | 75.14M |
Net Change In Cash | -24.17M | 62.32M |
YoY Change | -138.79% | 10.16% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$24.02M | -$12.73M |
Capital Expenditures | -$58.00K | -$99.00K |
Free Cash Flow | -$23.96M | -$12.63M |
YoY Change | 89.74% | -17.74% |
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CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
178023000 | |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4366000 | |
CY2021Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
71054000 | |
CY2021Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
140000 | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22930000 | |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
230653000 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
210821000 | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
11062000 | ||
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
19000 | ||
bcab |
Taxes Related To Net Share Settlement Of Equity Awards
TaxesRelatedToNetShareSettlementOfEquityAwards
|
-329000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-78939000 | ||
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
142634000 | |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
209974000 | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
21307000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
71054000 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
140000 | ||
us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
190000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-72012000 | ||
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
230653000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-78939000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-72012000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
901000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1016000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-6000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-4000 | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
690000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11062000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21307000 | ||
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-3000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2876000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1516000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
4146000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10844000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-373000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-221000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-66073000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-41265000 | ||
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
237000 | ||
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
835000 | ||
us-gaap |
Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
|
3000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-234000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-835000 | ||
us-gaap |
Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
|
1911000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
75001000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
140000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
19000 | ||
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
190000 | ||
bcab |
Payments For Taxes Related To Net Settlement Of Equity Awards1
PaymentsForTaxesRelatedToNetSettlementOfEquityAwards1
|
571000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-552000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
73420000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-66859000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
31320000 | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
244979000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
238605000 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
178120000 | |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
269925000 | |
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
1000 | ||
us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
8000 | ||
bcab |
Equity Issuance Costs Included In Accounts Payable And Accrued Expenses
EquityIssuanceCostsIncludedInAccountsPayableAndAccruedExpenses
|
3947000 | ||
bcab |
Tax Related To Net Settlement Of Equity Awards Included In Accounts Payable And Accrued Expenses
TaxRelatedToNetSettlementOfEquityAwardsIncludedInAccountsPayableAndAccruedExpenses
|
49000 | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
CY2022Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-265300000 | |
CY2022Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5189000 | |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2313000 | |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8144000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7933000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">The </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">preparation of the Company’s condensed consolidated financial statements requires it to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in the Company’s condensed consolidated financial statements and accompanying notes. The most significant estimates in the Company’s condensed consolidated financial statements relate to revenue recognition, accruals for research and development costs, and equity-based compensation. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of revenue and expenses that are not readily apparent from other sources. Actual</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">results </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</span></p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Concentrations of Risk</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts and management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held.</span></p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Concentrations of Risk</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts and management believes that the Company is not exposed to significant credit risk due to the financial position of the depository institutions in which those deposits are held.</span></p> | ||
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8144000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7933000 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3274981 | ||
CY2022Q3 | bcab |
Prepaid Research And Development Expense
PrepaidResearchAndDevelopmentExpense
|
3978000 | |
CY2021Q4 | bcab |
Prepaid Research And Development Expense
PrepaidResearchAndDevelopmentExpense
|
1811000 | |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
0 | |
CY2022Q3 | bcab |
Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
|
519000 | |
CY2021Q4 | bcab |
Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
|
502000 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3463720 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3274981 | ||
CY2022Q3 | bcab |
Prepaid Research And Development Expense
PrepaidResearchAndDevelopmentExpense
|
3978000 | |
CY2021Q4 | bcab |
Prepaid Research And Development Expense
PrepaidResearchAndDevelopmentExpense
|
1811000 | |
CY2022Q3 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
692000 | |
CY2021Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
0 | |
CY2022Q3 | bcab |
Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
|
519000 | |
CY2021Q4 | bcab |
Other Prepaid Expenses And Current Assets
OtherPrepaidExpensesAndCurrentAssets
|
502000 | |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5142000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4257000 | |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3002000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3676000 | |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3696000 | |
CY2021Q4 | bcab |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
13501000 | |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
939000 | |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | |
CY2021Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | |
CY2022Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | |
CY2021Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | |
us-gaap |
Debt Conversion Description
DebtConversionDescription
|
The Company did not have any outstanding debt as of September 30, 2022 or December 31, 2021. In April 2020, the Company borrowed $0.7 million under the Paycheck Protection Program (“PPP”) under the CARES Act. The loan was subsequently forgiven in July 2021. The $0.7 million balance of the forgiven loan was recognized as other income on the Company's Statement of Operations for the three and nine months ended September 30, 2021. For the three and nine months ended September 30, 2021, the Company recognized interest expense related to its outstanding debt of $0 and $3,000, respectively. | ||
us-gaap |
Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
|
The lease expires in July 2025 and the Company has an option to extend the term of the lease for an additional five years. Additionally, the lease includes certain rent abatement, rent escalations, tenant improvement allowances and additional charges for common area maintenance and other costs. | ||
bcab |
Lessor Operating Leases Option To Extend
LessorOperatingLeasesOptionToExtend
|
P5Y | ||
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5142000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4257000 | |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3002000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3676000 | |
CY2022Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3696000 | |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1179000 | |
CY2022Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
2979000 | |
CY2021Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
2671000 | |
CY2022Q3 | bcab |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
14713000 | |
CY2021Q4 | bcab |
Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
|
13501000 | |
CY2022Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
939000 | |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1073000 | |
CY2022Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
22327000 | |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
18424000 | |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | |
CY2021Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
0 | |
CY2022Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | |
CY2021Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | |
us-gaap |
Debt Conversion Description
DebtConversionDescription
|
The Company did not have any outstanding debt as of September 30, 2022 or December 31, 2021. In April 2020, the Company borrowed $0.7 million under the Paycheck Protection Program (“PPP”) under the CARES Act. The loan was subsequently forgiven in July 2021. The $0.7 million balance of the forgiven loan was recognized as other income on the Company's Statement of Operations for the three and nine months ended September 30, 2021. For the three and nine months ended September 30, 2021, the Company recognized interest expense related to its outstanding debt of $0 and $3,000, respectively. | ||
us-gaap |
Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
|
The lease expires in July 2025 and the Company has an option to extend the term of the lease for an additional five years. Additionally, the lease includes certain rent abatement, rent escalations, tenant improvement allowances and additional charges for common area maintenance and other costs. | ||
bcab |
Lessor Operating Leases Option To Extend
LessorOperatingLeasesOptionToExtend
|
P5Y | ||
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
261000 | |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
261000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
782000 | ||
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
384000 | ||
us-gaap |
Lease Cost
LeaseCost
|
1166000 | ||
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y9M | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0350 | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0350 | |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
401000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1003000 | ||
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
261000 | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
782000 | ||
CY2022Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
132000 | |
CY2021Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
128000 | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
328000 | ||
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
384000 | ||
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
393000 | |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
389000 | |
us-gaap |
Lease Cost
LeaseCost
|
1110000 | ||
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y9M | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y9M | |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
401000 | |
CY2021Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
370000 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1155000 | ||
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
845000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
0 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
4567000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
401000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1636000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1685000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
845000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
4567000 | |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
222000 | |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4345000 | |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3588000 | |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4366000 | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11062000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21307000 | ||
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3588000 | |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4366000 | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11062000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21307000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
5400000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
5400000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.748 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0099 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y14D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y10M9D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.15 | ||
CY2021 | bcab |
Warrants Expired And Unexercised
WarrantsExpiredAndUnexercised
|
566586 | |
CY2022Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
7578950 | |
CY2021Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
6247701 | |
us-gaap |
Revenues
Revenues
|
300000 | ||
CY2022Q3 | us-gaap |
Revenues
Revenues
|
0 | |
us-gaap |
Revenues
Revenues
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.748 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.747 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0209 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0099 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y14D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y10M9D | ||
CY2022Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
7578950 | |
CY2021Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
6247701 | |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
0 | |
us-gaap |
Revenues
Revenues
|
0 | ||
us-gaap |
Related Party Transaction Terms And Manner Of Settlement
RelatedPartyTransactionTermsAndMannerOfSettlement
|
(i) a lump sum payment equal to 18 months of Ms. Anderson Short’s then-current base salary, (ii) a payment at her targeted bonus rate for 2021, pro-rated to the date of her termination of employment, and (iii) full accelerated vesting of her equity awards including 7,747 stock options and 138,461 restricted stock units. The modification of these equity awards resulted in an incremental fair value of $7.0 million which was recognized on a straight-line basis over the transition service period which ended on the separation date. For the three and nine months ended September 30, 2021, the Company recognized $0 and $1.0 million, respectively, related to the lump sum salary payment and target bonus. The Company also recognized non-cash stock-based compensation charges of $0 and $9.4 million related to the modified equity awards for the three and nine months ended September 30, 2021, respectively. No unrecognized stock-based compensation remained as of September 30, 2021. | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
0 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
0 | ||
CY2021 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
0 |