$CABA
Cabaletta Bio, Inc.

2020 Q1 Form 10-K Financial Statement

#000156459020013929 Filed on March 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.280M $7.010M $830.0K
YoY Change 166.67% 305.2%
% of Gross Profit
Research & Development $4.620M $11.67M $1.240M
YoY Change 67.33% 161.07%
% of Gross Profit
Depreciation & Amortization $76.00K $104.0K
YoY Change
% of Gross Profit
Operating Expenses $7.895M $18.68M $2.070M
YoY Change 97.87% 201.78%
Operating Profit -$7.895M -$18.68M
YoY Change 97.87%
Interest Expense $410.0K $1.740M $160.0K
YoY Change -10.87% 625.0%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$7.490M -$16.94M -$1.910M
YoY Change 112.18% 38.85%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$7.485M -$16.94M -$1.910M
YoY Change 111.92% 38.85%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$330.2K -$705.0K -$83.77K
COMMON SHARES
Basic Shares Outstanding 24.03M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.0M $136.2M
YoY Change 312.73%
Cash & Equivalents $131.0M $136.2M $33.02M
Short-Term Investments
Other Short-Term Assets $3.100M $4.300M
YoY Change 330.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $134.1M $140.6M $33.99M
YoY Change 313.53%
LONG-TERM ASSETS
Property, Plant & Equipment $739.0K $800.0K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $104.0K $100.0K
YoY Change -50.0%
Total Long-Term Assets $843.0K $900.0K
YoY Change 350.0%
TOTAL ASSETS
Total Short-Term Assets $134.1M $140.6M $33.99M
Total Long-Term Assets $843.0K $900.0K
Total Assets $135.0M $141.5M
YoY Change 313.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.991M $900.0K
YoY Change 50.0%
Accrued Expenses $600.0K $1.500M
YoY Change 1400.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.256M $3.100M
YoY Change 244.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.256M $3.100M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $3.300M $3.100M
YoY Change 244.44%
SHAREHOLDERS EQUITY
Retained Earnings -$40.44M
YoY Change
Common Stock $172.2M $1.762M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $131.7M $138.3M -$10.69M
YoY Change
Total Liabilities & Shareholders Equity $135.0M $141.5M
YoY Change 313.74%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$7.485M -$16.94M -$1.910M
YoY Change 111.92% 38.85%
Depreciation, Depletion And Amortization $76.00K $104.0K
YoY Change
Cash From Operating Activities -$4.931M -$16.05M -$1.910M
YoY Change 117.7% 244.24%
INVESTING ACTIVITIES
Capital Expenditures $226.0K $693.0K
YoY Change 25.56%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$226.0K -$693.0K
YoY Change 25.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$44.00K $71.21M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.00K 119.9M 25.14M
YoY Change -100.09% 218.3%
NET CHANGE
Cash From Operating Activities -4.931M -16.05M -1.910M
Cash From Investing Activities -226.0K -693.0K
Cash From Financing Activities -44.00K 119.9M 25.14M
Net Change In Cash -5.201M 103.2M 23.23M
YoY Change -111.01% 212.54%
FREE CASH FLOW
Cash From Operating Activities -$4.931M -$16.05M -$1.910M
Capital Expenditures $226.0K $693.0K
Free Cash Flow -$5.157M -$16.74M
YoY Change 110.92%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24034022
CY2020Q1 dei Entity Public Float
EntityPublicFloat
144000000
CY2019 dei Entity File Number
EntityFileNumber
001-39103
CY2019 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-1685768
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
43921000
CY2019 dei Entity Address Address Line1
EntityAddressAddressLine1
2929 Arch Street
CY2019 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 600
CY2019 dei Entity Address City Or Town
EntityAddressCityOrTown
Philadelphia
CY2019 dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
CY2019 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19104
CY2019 dei City Area Code
CityAreaCode
267
CY2019 dei Local Phone Number
LocalPhoneNumber
759-3100
CY2019 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2019 dei Security12b Title
Security12bTitle
Common Stock, par value $0.00001 per share
CY2019 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2019 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2019 dei Document Annual Report
DocumentAnnualReport
true
CY2019 dei Document Transition Report
DocumentTransitionReport
false
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136204000
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
977000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
33994000
CY2018Q4 caba Deferred Offering Costs Noncurrent
DeferredOfferingCostsNoncurrent
180000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
0
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1762000
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24034022
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
606000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33016000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
136204000
CY2019 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
-5326000
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24034022
CY2018 caba Fair Value Adjustments On Convertible Notes
FairValueAdjustmentsOnConvertibleNotes
6244000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-12202000
CY2019 us-gaap Dividends
Dividends
5326000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12202000
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.07
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-6.87
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-249000
CY2018 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1155000
CY2019 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
97954000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
234000
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1721000
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
279000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16045000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4661000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
693000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-693000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
119925000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
103187000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33017000
CY2018 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
18779000
CY2019 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
97954000
CY2019 caba Equity Issuance Costs Incurred But Not Paid
EquityIssuanceCostsIncurredButNotPaid
192000
CY2018 caba Equity Issuance Costs Incurred But Not Paid
EquityIssuanceCostsIncurredButNotPaid
180000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
71212000
CY2018 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
12535000
CY2018 caba Proceeds From Issuance Of Convertible Preferred Stock On Milestone Closing Of Convertible Notes
ProceedsFromIssuanceOfConvertiblePreferredStockOnMilestoneClosingOfConvertibleNotes
12567000
CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
50000000
CY2018 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
12744000
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1293000
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
169000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6000
CY2019 us-gaap Profit Loss
ProfitLoss
-16943000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
2300000
CY2019 us-gaap Depreciation
Depreciation
104000
CY2018 caba Common Stock Issued In Exchange For Research And Development
CommonStockIssuedInExchangeForResearchAndDevelopment
1155000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3372000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
977000
CY2019 caba Increase Decrease In Deposit Assets
IncreaseDecreaseInDepositAssets
101000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
246000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37677000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:18pt;margin-left:5.24%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying financial statements include but are not limited to the fair value of common stock, stock-based compensation, the valuation allowance on the Company&#8217;s deferred tax assets, and the fair value of convertible debt. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates. </p>
CY2019 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-1.5 reverse split
CY2019Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.67
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2019Q4 caba Deferred Offering Costs Capitalized
DeferredOfferingCostsCapitalized
0
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2019 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
36000
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
50000
CY2019Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2018Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2019Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2018Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
919000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
104000
CY2018 us-gaap Depreciation
Depreciation
0
CY2019Q4 caba Accrued Research And Development Services Current
AccruedResearchAndDevelopmentServicesCurrent
231000
CY2018Q4 caba Accrued Research And Development Services Current
AccruedResearchAndDevelopmentServicesCurrent
181000
CY2019Q4 caba Accrued General And Administrative Services Current
AccruedGeneralAndAdministrativeServicesCurrent
297000
CY2018Q4 caba Accrued General And Administrative Services Current
AccruedGeneralAndAdministrativeServicesCurrent
36000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1522000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
121000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
177000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
263000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
268000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
158000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
689000
CY2019Q4 caba Manufacturing Agreements Maximum Amount Committed
ManufacturingAgreementsMaximumAmountCommitted
1300000
CY2019Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
20762168
CY2019Q1 caba Temporary Equity Value Exchange Including Deemed Dividend
TemporaryEquityValueExchangeIncludingDeemedDividend
5326000
CY2018Q4 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
Each share of Convertible Preferred Stock automatically converts into the number of shares of common stock determined in accordance with the conversion rate upon either: (a) the closing of a public offering of common stock at a price of at least $18.23 per share resulting in at least $50,000 of gross proceeds, or (b) written consent of a majority of the holders of the then outstanding shares of Convertible Preferred Stock.
CY2018Q4 caba Convertible Preferred Stock Mandatory Conversion Per Share Trigger Price
ConvertiblePreferredStockMandatoryConversionPerShareTriggerPrice
18.23
CY2018Q4 caba Convertible Preferred Stock Mandatory Conversion Gross Proceed Trigger Price
ConvertiblePreferredStockMandatoryConversionGrossProceedTriggerPrice
50000000
CY2019Q4 caba Convertible Preferred Stock Convert Into Voting Common Stock
ConvertiblePreferredStockConvertIntoVotingCommonStock
6495015
CY2019Q4 caba Convertible Preferred Stock Convert Into Non Voting Common Stock
ConvertiblePreferredStockConvertIntoNonVotingCommonStock
6409519
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
21147115
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3848320
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3848320
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
29000000
CY2018Q2 caba Share Based Compensation Arrangement By Share Based Payment Award Common Stock Shares Modified
ShareBasedCompensationArrangementByShareBasedPaymentAwardCommonStockSharesModified
2904000
CY2018Q2 caba Share Based Compensation Arrangement By Share Based Payment Award Common Stock Shares Modified Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardCommonStockSharesModifiedFairValue
0.74
CY2018Q2 caba Share Based Compensation Arrangement By Share Based Payment Award Modified Common Stock Shares Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardModifiedCommonStockSharesCompensationCost
2126000
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0139
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0292
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0259
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0296
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.70
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.72
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.76
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
606000
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6797000
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.131
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.079
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.023
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.006
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.033
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.168
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.331
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.127
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
5688000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
1163000
CY2019Q4 caba Deferred Tax Assets License Fees Deductions
DeferredTaxAssetsLicenseFeesDeductions
362000
CY2018Q4 caba Deferred Tax Assets License Fees Deductions
DeferredTaxAssetsLicenseFeesDeductions
328000
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3518609
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15749154
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
452000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
69000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
17231000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
249000
CY2019 caba Operating Loss Carryforwards Federal Commencement Of Expiration Date
OperatingLossCarryforwardsFederalCommencementOfExpirationDate
2037
CY2019 caba Operating Loss Carryforwards State Commencement Of Expiration Date
OperatingLossCarryforwardsStateCommencementOfExpirationDate
2037
CY2019 caba Operating Loss Carryforwards Local Commencement Of Expiration Date
OperatingLossCarryforwardsLocalCommencementOfExpirationDate
2039
CY2019 us-gaap Open Tax Year
OpenTaxYear
2017 2018
CY2019 caba Percentage Of Eligible Tax Positions For Recognition
PercentageOfEligibleTaxPositionsForRecognition
0.50
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
74000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
264000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
17000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
457000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
35000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7223000
CY2018Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1612000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
7223000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1612000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
5611000
CY2019Q4 caba Deferred Tax Assets Operating Loss Carryforwards Federal
DeferredTaxAssetsOperatingLossCarryforwardsFederal
17480000
CY2019Q4 caba Deferred Tax Assets Operating Loss Carryforwards State
DeferredTaxAssetsOperatingLossCarryforwardsState
19220000
CY2019Q4 caba Deferred Tax Assets Operating Loss Carryforwards Local
DeferredTaxAssetsOperatingLossCarryforwardsLocal
10129000
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.04

Files In Submission

Name View Source Status
0001564590-20-013929-index-headers.html Edgar Link pending
0001564590-20-013929-index.html Edgar Link pending
0001564590-20-013929.txt Edgar Link pending
0001564590-20-013929-xbrl.zip Edgar Link pending
caba-10k_20191231.htm Edgar Link pending
caba-20191231.xml Edgar Link completed
caba-20191231.xsd Edgar Link pending
caba-20191231_cal.xml Edgar Link unprocessable
caba-20191231_def.xml Edgar Link unprocessable
caba-20191231_lab.xml Edgar Link unprocessable
caba-20191231_pre.xml Edgar Link unprocessable
caba-ex1022_208.htm Edgar Link pending
caba-ex211_172.htm Edgar Link pending
caba-ex231_171.htm Edgar Link pending
caba-ex311_9.htm Edgar Link pending
caba-ex312_8.htm Edgar Link pending
caba-ex321_6.htm Edgar Link pending
caba-ex322_7.htm Edgar Link pending
caba-ex43_244.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gvu2jbzfwrae000001.jpg Edgar Link pending
gvu2jbzfwrae000002.jpg Edgar Link pending
gvu2jbzfwrae000003.jpg Edgar Link pending
gvu2jbzfwrae000004.jpg Edgar Link pending
gvu2jbzfwrae000005.jpg Edgar Link pending
gvu2jbzfwrae000006.jpg Edgar Link pending
gvu2jbzfwrae000007.jpg Edgar Link pending
gvu2jbzfwrae000008.jpg Edgar Link pending
gvu2jbzfwrae000009.jpg Edgar Link pending
gvu2jbzfwrae000010.jpg Edgar Link pending
gvu2jbzfwrae000011.jpg Edgar Link pending
gvu2jbzfwrae000012.jpg Edgar Link pending
gvu2jbzfwrae000013.jpg Edgar Link pending
gvu2jbzfwrae000014.jpg Edgar Link pending
gvu2jbzfwrae000015.jpg Edgar Link pending
gvu2jbzfwrae000016.jpg Edgar Link pending
gvu2jbzfwrae000017.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending