2022 Q1 Form 10-K Financial Statement
#000095017022004002 Filed on March 17, 2022
Income Statement
Concept | 2022 Q1 | 2021 | 2020 Q4 |
---|---|---|---|
Revenue | $0.00 | $18.94M | $0.00 |
YoY Change | -100.0% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $8.121M | $29.15M | $12.54M |
YoY Change | 81.27% | 70.25% | 962.71% |
% of Gross Profit | |||
Research & Development | $24.54M | $57.75M | $16.63M |
YoY Change | 97.63% | 33.65% | 337.63% |
% of Gross Profit | |||
Depreciation & Amortization | $13.00K | $53.00K | $10.00K |
YoY Change | -13.33% | -14.52% | -50.0% |
% of Gross Profit | |||
Operating Expenses | $32.66M | $86.90M | $29.17M |
YoY Change | 85.86% | 44.02% | 485.74% |
Operating Profit | -$32.66M | -$67.95M | |
YoY Change | -2480.25% | 12.63% | |
Interest Expense | $197.0K | $477.0K | $80.00K |
YoY Change | 294.0% | -46.4% | -68.0% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | -$8.000K | -$10.00K |
YoY Change | -100.0% | -27.27% | |
Pretax Income | -$32.46M | -$67.49M | -$29.11M |
YoY Change | -2387.53% | 13.5% | 515.43% |
Income Tax | -$19.60M | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$12.10M | -$65.57M | -$28.35M |
YoY Change | 17182.86% | 26.59% | 520.35% |
Net Earnings / Revenue | -346.14% | ||
Basic Earnings Per Share | -$0.27 | -$1.52 | |
Diluted Earnings Per Share | -$272.3K | -$1.522M | -$684.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 44.61M | 43.08M | |
Diluted Shares Outstanding | 44.43M | 43.08M |
Balance Sheet
Concept | 2022 Q1 | 2021 | 2020 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $314.9M | $290.5M | $210.2M |
YoY Change | -28.59% | 38.19% | |
Cash & Equivalents | $76.12M | $59.77M | $168.2M |
Short-Term Investments | $238.7M | $230.7M | $42.00M |
Other Short-Term Assets | $7.458M | $6.098M | $2.100M |
YoY Change | 16.53% | 190.38% | |
Inventory | |||
Prepaid Expenses | $7.458M | $2.072M | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $322.3M | $296.6M | $212.3M |
YoY Change | -27.94% | 39.69% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $64.00K | $77.00K | $130.0K |
YoY Change | -36.0% | -23.0% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $94.18M | $140.4M | |
YoY Change | 193.39% | ||
Other Assets | $147.0K | $147.0K | $2.300M |
YoY Change | 47.0% | -93.61% | |
Total Long-Term Assets | $115.2M | $140.6M | $2.430M |
YoY Change | 255.4% | 5759.21% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $322.3M | $296.6M | $212.3M |
Total Long-Term Assets | $115.2M | $140.6M | $2.430M |
Total Assets | $437.5M | $437.2M | $214.7M |
YoY Change | -8.8% | 103.63% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.306M | $3.169M | $9.679M |
YoY Change | 61.69% | -67.33% | |
Accrued Expenses | $10.43M | $8.577M | $4.641M |
YoY Change | 73.87% | 86.46% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $17.26M | $11.75M | $14.32M |
YoY Change | 74.31% | -17.86% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $736.0K | $65.00K | $100.0K |
YoY Change | 636.0% | -35.0% | |
Total Long-Term Liabilities | $736.0K | $65.00K | $100.0K |
YoY Change | 636.0% | -35.0% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $17.26M | $11.75M | $14.32M |
Total Long-Term Liabilities | $736.0K | $65.00K | $100.0K |
Total Liabilities | $17.99M | $12.21M | $14.39M |
YoY Change | 40.57% | -22.2% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$171.0M | -$93.34M | |
YoY Change | 124.7% | ||
Common Stock | $592.8M | $292.4M | |
YoY Change | 111.02% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $418.7M | $425.0M | $199.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $437.5M | $437.2M | $214.7M |
YoY Change | -8.8% | 103.63% |
Cashflow Statement
Concept | 2022 Q1 | 2021 | 2020 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$12.10M | -$65.57M | -$28.35M |
YoY Change | 17182.86% | 26.59% | 520.35% |
Depreciation, Depletion And Amortization | $13.00K | $53.00K | $10.00K |
YoY Change | -13.33% | -14.52% | -50.0% |
Cash From Operating Activities | -$21.91M | -$43.43M | -$9.430M |
YoY Change | 1346.07% | 45.89% | 93.63% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $34.71M | -$333.8M | $11.44M |
YoY Change | -125.2% | 6069.59% | -132.33% |
Cash From Investing Activities | $34.71M | -$333.8M | $11.44M |
YoY Change | -125.2% | 6058.21% | -132.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.541M | 268.8M | 124.9M |
YoY Change | -98.66% | 91.8% | 48.83% |
NET CHANGE | |||
Cash From Operating Activities | -21.91M | -43.43M | -9.430M |
Cash From Investing Activities | 34.71M | -333.8M | 11.44M |
Cash From Financing Activities | 3.541M | 268.8M | 124.9M |
Net Change In Cash | 16.34M | -108.4M | 126.9M |
YoY Change | -86.96% | -203.31% | 190.61% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$21.91M | -$43.43M | -$9.430M |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$21.91M | -$43.43M | -$9.430M |
YoY Change | 1346.07% | 45.84% | 93.63% |
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56000 | |
CY2020 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
2000 | |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-59458000 | |
CY2020Q4 | cgem |
Stockholders Equity Including Portion Attributable To Noncontrolling Interests
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterests
|
200315000 | |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
22870000 | |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
264516000 | |
CY2021 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
218000 | |
CY2021 | cgem |
Stock Issued During Period Value Subsidiary Preferred Stock
StockIssuedDuringPeriodValueSubsidiaryPreferredStock
|
923000 | |
CY2021 | cgem |
Stock Issued During Period Value Subsidiary Common Stock
StockIssuedDuringPeriodValueSubsidiaryCommonStock
|
67000 | |
CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
24375000 | |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
3281000 | |
CY2021 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-836000 | |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-67485000 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
425374000 | |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-67485000 | |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-59458000 | |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
53000 | |
CY2020 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
62000 | |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
24375000 | |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14910000 | |
CY2021 | cgem |
Amortization Accretion On Marketable Securities
AmortizationAccretionOnMarketableSecurities
|
3098000 | |
CY2020 | cgem |
Amortization Accretion On Marketable Securities
AmortizationAccretionOnMarketableSecurities
|
233000 | |
CY2021 | cgem |
License Expense In Exchange For Subsidiary Common Stock
LicenseExpenseInExchangeForSubsidiaryCommonStock
|
67000 | |
CY2020 | cgem |
License Expense In Exchange For Subsidiary Common Stock
LicenseExpenseInExchangeForSubsidiaryCommonStock
|
1183000 | |
CY2020 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
6447000 | |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3269000 | |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
462000 | |
CY2020 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
18000 | |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4835000 | |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5581000 | |
CY2021 | cgem |
Increase Decrease In Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities
|
4563000 | |
CY2020 | cgem |
Increase Decrease In Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities
|
1750000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-43433000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29772000 | |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10000 | |
CY2020 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
-1450000 | |
CY2021 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
525813000 | |
CY2020 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
69763000 | |
CY2021 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
192038000 | |
CY2020 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
62903000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-333775000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5420000 | |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
145450000 | |
CY2021 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
267268000 | |
CY2020 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6572000 | |
CY2021 | cgem |
Payment Of Deferred Offering Costs
PaymentOfDeferredOfferingCosts
|
2688000 | |
CY2021 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
923000 | |
CY2020 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
1206000 | |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
3281000 | |
CY2020 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
56000 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
268784000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
140140000 | |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-108424000 | |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
104948000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
168198000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
63250000 | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
59774000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
168198000 | |
CY2021 | cgem |
Deferred Offering Costs Paid In Prior Year
DeferredOfferingCostsPaidInPriorYear
|
65000 | |
CY2020 | cgem |
Deferred Offering Costs In Accounts Payable And Accrued Expenses
DeferredOfferingCostsInAccountsPayableAndAccruedExpenses
|
2093000 | |
CY2021Q4 | cgem |
Number Of Development Subsidiaries
NumberOfDevelopmentSubsidiaries
|
4 | |
CY2021Q4 | cgem |
Cash Cash Equivalents Short Term Investments
CashCashEquivalentsShortTermInvestments
|
290500000 | |
CY2021 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
one-for-7.0390 | |
CY2021 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
1 | |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-158900000 | |
CY2021Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
140400000 | |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><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;font-style:italic;">Use of Estimates</span></p><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;">The preparation of the accompanying consolidated financial statements in accordance with GAAP requires the Company’s management to make estimates and judgments that may affect the reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company’s management evaluates the estimates, including those related to expenses and accruals. The Company’s management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Estimates and assumptions reflected in these consolidated financial statements include, but are not limited to, the fair value of the royalty transfer agreements, accrued research and development costs, the valuation of acquired in-process research and development asset and the fair value of equity awards issued by the Company and its subsidiaries prior to the IPO. Actual results may differ from these estimates under different assumptions or conditions.</span> | |
CY2021 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
1900000 | |
CY2020 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
7700000 | |
CY2021 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-800000 | |
CY2021 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2021 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | |
CY2021 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-left:4.533%;text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><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;font-style:italic;">Concentration of Credit Risk and Other Risks and Uncertainties</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><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;">The Company has no significant off-balance sheet risk. Cash and cash equivalents are primarily maintained with two major financial institutions in the United States. Deposits at banks may exceed the insurance provided on such deposits. These deposits may be redeemed upon demand, and therefore, bear minimal risk.</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;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><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;">The Company is subject to certain risks and uncertainties and believes that changes in any of the following areas could have a material adverse effect on future financial position or results of operations: ability to obtain future financing; regulatory approval and market acceptance of, and reimbursement for, product candidates; performance of third-party clinical research organizations and manufacturers upon which the Company relies; protection of the Company’s intellectual property; litigation or claims against the Company based on intellectual property, patent, product, regulatory or other factors; and the Company’s ability to attract and retain employees necessary to support its growth.</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;"> </span></p><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;">The Company is dependent on third-party manufacturers to supply products for research and development activities in its programs. In particular, the Company relies and expects to continue to rely on a small number of manufacturers to supply it with its requirements for drug substance and drug products related to these programs. These programs could be adversely affected by a significant interruption in the supply.</span> | |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
371927000 | |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | |
CY2021Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
838000 | |
CY2021Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
371089000 | |
CY2020Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
2700000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
309000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
309000 | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
232000 | |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
179000 | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
77000 | |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
130000 | |
CY2021Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
2576000 | |
CY2020Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
1763000 | |
CY2021Q4 | cgem |
Accrued Professional Fees And Other Current
AccruedProfessionalFeesAndOtherCurrent
|
973000 | |
CY2020Q4 | cgem |
Accrued Professional Fees And Other Current
AccruedProfessionalFeesAndOtherCurrent
|
1049000 | |
CY2021Q4 | cgem |
Accrued Research And Development Costs
AccruedResearchAndDevelopmentCosts
|
5028000 | |
CY2020Q4 | cgem |
Accrued Research And Development Costs
AccruedResearchAndDevelopmentCosts
|
1829000 | |
CY2021Q4 | cgem |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
8577000 | |
CY2020Q4 | cgem |
Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
|
4641000 | |
CY2021 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
CY2020 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | |
CY2021 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
1 | |
CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
3000 | |
CY2020Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
292348000 | |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2000 | |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-93339000 | |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
199010000 | |
CY2020Q4 | us-gaap |
Minority Interest
MinorityInterest
|
1304000 | |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
200314000 | |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2000 | |
CY2019Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
138543000 | |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-4000 | |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-41540000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
97001000 | |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
864000 | |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
97865000 | |
CY2021 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Each share of common stock entitles the holder to one vote and to receive dividends when and if declared by the board of directors of the Company. | |
CY2021Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
0 | |
CY2021 | cgem |
Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
|
0.0001 | |
CY2020 | cgem |
Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
|
-0.0001 | |
CY2021 | cgem |
Voting Agreement Description
VotingAgreementDescription
|
Voting Agreement dated May 28, 2020, among the Company and other stockholders of MICA, MICA increased the size of its board of directors from four to five directors, of which three directors are designated by the Company. | |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
34900878 | |
CY2019Q4 | cgem |
Non Voting Incentive Outstanding Unvested Number Of Units
NonVotingIncentiveOutstandingUnvestedNumberOfUnits
|
580334 | |
CY2019Q4 | cgem |
Non Voting Incentive Units Outstanding Unvested Weighted Average Grant Date Fair Value Per Unit
NonVotingIncentiveUnitsOutstandingUnvestedWeightedAverageGrantDateFairValuePerUnit
|
0.0001 | |
CY2020 | cgem |
Non Voting Incentive Vested Number Of Units
NonVotingIncentiveVestedNumberOfUnits
|
407844 | |
CY2020 | cgem |
Non Voting Incentive Units Vested Weighted Average Grant Date Fair Value Per Unit
NonVotingIncentiveUnitsVestedWeightedAverageGrantDateFairValuePerUnit
|
0.0001 | |
CY2020Q4 | cgem |
Non Voting Incentive Outstanding Unvested Number Of Units
NonVotingIncentiveOutstandingUnvestedNumberOfUnits
|
172490 | |
CY2020Q4 | cgem |
Non Voting Incentive Units Outstanding Unvested Weighted Average Grant Date Fair Value Per Unit
NonVotingIncentiveUnitsOutstandingUnvestedWeightedAverageGrantDateFairValuePerUnit
|
0.0001 | |
CY2021 | cgem |
Non Voting Incentive Vested Number Of Units
NonVotingIncentiveVestedNumberOfUnits
|
172490 | |
CY2021 | cgem |
Non Voting Incentive Units Vested Weighted Average Grant Date Fair Value Per Unit
NonVotingIncentiveUnitsVestedWeightedAverageGrantDateFairValuePerUnit
|
0.0001 | |
CY2021Q4 | cgem |
Non Voting Incentive Outstanding Unvested Number Of Units
NonVotingIncentiveOutstandingUnvestedNumberOfUnits
|
0 | |
CY2021Q4 | cgem |
Non Voting Incentive Units Outstanding Unvested Weighted Average Grant Date Fair Value Per Unit
NonVotingIncentiveUnitsOutstandingUnvestedWeightedAverageGrantDateFairValuePerUnit
|
0.0001 | |
CY2021Q4 | cgem |
Non Voting Incentive Outstanding Vested Number Of Units
NonVotingIncentiveOutstandingVestedNumberOfUnits
|
1689949 | |
CY2020Q4 | cgem |
Non Voting Incentive Units Outstanding Vested Weighted Average Grant Date Fair Value Per Unit
NonVotingIncentiveUnitsOutstandingVestedWeightedAverageGrantDateFairValuePerUnit
|
0.0001 | |
CY2020Q4 | cgem |
Stock Purchased During Period Shares
StockPurchasedDuringPeriodShares
|
2254231 | |
CY2020Q4 | cgem |
Common Stock Exchange In Excess Fair Value
CommonStockExchangeInExcessFairValue
|
1200000 | |
CY2021Q1 | us-gaap |
Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
|
320228 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
44552000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
22642000 | |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
24375000 | |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14910000 | |
CY2021 | cgem |
Management And Advisory Services
ManagementAndAdvisoryServices
|
0 | |
CY2020 | cgem |
Management And Advisory Services
ManagementAndAdvisoryServices
|
200000 | |
CY2021 | cgem |
Royalty Percentage
RoyaltyPercentage
|
0.010 | |
CY2021 | us-gaap |
Royalty Expense
RoyaltyExpense
|
0 | |
CY2020 | us-gaap |
Royalty Expense
RoyaltyExpense
|
0 | |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.2100 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0996 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.0183 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
8000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
44544000 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0.0039 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0190 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0000 | |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
31414000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
18563000 | |
CY2020Q4 | cgem |
Deferred Tax Assets Licenses
DeferredTaxAssetsLicenses
|
1601000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
968000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
467000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
1563000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
1859000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
8584000 | |
CY2021 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
0 | |
CY2021Q4 | cgem |
Deferred Tax Assets Capitalized Organizational And Startup Expenses
DeferredTaxAssetsCapitalizedOrganizationalAndStartupExpenses
|
140000 | |
CY2020Q4 | cgem |
Deferred Tax Assets Capitalized Organizational And Startup Expenses
DeferredTaxAssetsCapitalizedOrganizationalAndStartupExpenses
|
148000 | |
CY2021Q4 | cgem |
Deferred Tax Assets Licenses
DeferredTaxAssetsLicenses
|
1875000 | |
CY2020 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
11989000 | |
CY2021 | cgem |
Valuation Allowance Deferred Tax Asset Increases Recorded To Oci Or Equity
ValuationAllowanceDeferredTaxAssetIncreasesRecordedToOciOrEquity
|
236000 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
-0.0025 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.0077 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.3212 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.1265 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
-0.0501 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
-0.0228 | |
CY2021 | cgem |
Effective Income Tax Rate Reconciliation Change In Tax Status
EffectiveIncomeTaxRateReconciliationChangeInTaxStatus
|
0.0176 | |
CY2021 | cgem |
Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
|
0.0115 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
22646000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
44552000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
22642000 | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
8000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
4000 | |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
8000 | |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
4000 | |
CY2021 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
an ownership change as defined by Section 382 results from transactions increasing the ownership of certain shareholders or public groups in the stock of a corporation by more than 50 percentage points over a three-year period. | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
22642000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
10653000 | |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
21674000 | |
CY2020 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
0 | |
CY2021Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
600000 | |
CY2020 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
600000 | |
CY2017Q4 | cgem |
Operating Lease Commence Date
OperatingLeaseCommenceDate
|
2018-02-01 | |
CY2021 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2024-06-30 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
608000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
618000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
313000 | |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1539000 | |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-65570000 | |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-51799000 | |
CY2021 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
43077330 | |
CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19887307 | |
CY2021 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.52 | |
CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.60 | |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9347622 | |
CY2020 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4967497 |