2020 Q4 Form 10-K Financial Statement

#000156459021015214 Filed on March 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.780M $2.420M $5.290M
YoY Change 56.2% 236.11% 257.43%
% of Gross Profit
Research & Development $8.770M $7.190M $21.35M
YoY Change 21.97% 94.85% 56.04%
% of Gross Profit
Depreciation & Amortization $10.00K $10.00K $17.00K
YoY Change 0.0% 0.0% 70.0%
% of Gross Profit
Operating Expenses $12.55M $9.610M $26.64M
YoY Change 30.59% 117.91% 75.73%
Operating Profit -$9.611M
YoY Change 118.04%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$120.0K -$9.540M -$30.56M
YoY Change -98.74% 4670.0% 2986.87%
Pretax Income -$12.66M -$19.15M -$57.20M
YoY Change -33.89% 315.4% 254.19%
Income Tax -$80.00K $130.0K $218.0K
% Of Pretax Income
Net Earnings -$12.58M -$19.28M -$57.42M
YoY Change -34.76% 315.76% 254.88%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$631.5K -$1.398M -$4.164M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.6M $93.30M $93.30M
YoY Change 119.29% 733.04%
Cash & Equivalents $98.18M $93.34M $93.30M
Short-Term Investments $106.4M
Other Short-Term Assets $5.500M $2.000M $2.000M
YoY Change 175.0% 1900.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $210.2M $95.33M $95.30M
YoY Change 120.51% 742.4% 743.36%
LONG-TERM ASSETS
Property, Plant & Equipment $166.0K $155.0K $200.0K
YoY Change 7.1% 369.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $706.0K $72.00K $100.0K
YoY Change 880.56%
Total Long-Term Assets $872.0K $227.0K $300.0K
YoY Change 284.14% 328.3% 200.0%
TOTAL ASSETS
Total Short-Term Assets $210.2M $95.33M $95.30M
Total Long-Term Assets $872.0K $227.0K $300.0K
Total Assets $211.1M $95.55M $95.60M
YoY Change 120.9% 740.47% 738.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.065M $989.0K $1.000M
YoY Change 108.8% -34.46% -33.33%
Accrued Expenses $6.048M $4.620M $4.600M
YoY Change 30.91% 293.86% 283.33%
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 $8.113M $5.600M $5.600M
YoY Change 44.88% 28.65% 27.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.113M $5.600M $5.600M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $8.113M $5.600M $5.600M
YoY Change 44.88% 27.27%
SHAREHOLDERS EQUITY
Retained Earnings -$123.1M -$73.60M
YoY Change 67.26% 354.97%
Common Stock $326.1M $163.5M
YoY Change 99.38% 137328.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $203.0M $89.94M $89.90M
YoY Change
Total Liabilities & Shareholders Equity $211.1M $95.55M $95.60M
YoY Change 120.9% 740.47% 738.6%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$12.58M -$19.28M -$57.42M
YoY Change -34.76% 315.76% 254.88%
Depreciation, Depletion And Amortization $10.00K $10.00K $17.00K
YoY Change 0.0% 0.0% 70.0%
Cash From Operating Activities -$14.02M -$11.13M -$25.46M
YoY Change 25.97% 238.3% 104.17%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K -$110.0K $139.0K
YoY Change -90.91% -447.5%
Acquisitions
YoY Change
Other Investing Activities -$29.03M
YoY Change
Cash From Investing Activities -$29.03M -$110.0K -$139.0K
YoY Change 26290.91% 247.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.00K
YoY Change -99.95%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -320.0K 88.37M 107.7M
YoY Change -100.36% 881.89% 353.1%
NET CHANGE
Cash From Operating Activities -14.02M -11.13M -25.46M
Cash From Investing Activities -29.03M -110.0K -139.0K
Cash From Financing Activities -320.0K 88.37M 107.7M
Net Change In Cash -43.37M 77.13M 82.10M
YoY Change -156.23% 1250.79% 629.16%
FREE CASH FLOW
Cash From Operating Activities -$14.02M -$11.13M -$25.46M
Capital Expenditures -$10.00K -$110.0K $139.0K
Free Cash Flow -$14.01M -$11.02M -$25.60M
YoY Change 27.13% 234.95% 105.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020 dei Entity Small Business
EntitySmallBusiness
true
CY2020 dei Entity File Number
EntityFileNumber
001-39122
CY2020 dei Entity Address Address Line1
EntityAddressAddressLine1
142 Sansome Street
CY2020 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2020 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94104
CY2020 dei City Area Code
CityAreaCode
415
CY2020 dei Document Annual Report
DocumentAnnualReport
true
CY2020 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2020 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
36-4946844
CY2020 dei Entity Address Address Line2
EntityAddressAddressLine2
Second Floor
CY2020 dei Entity Address City Or Town
EntityAddressCityOrTown
San Francisco
CY2020 dei Local Phone Number
LocalPhoneNumber
500-4614
CY2020 dei Document Transition Report
DocumentTransitionReport
false
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020 dei Trading Symbol
TradingSymbol
ETNB
CY2020 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
98183000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93335000
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
25000
CY2020 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2020 dei Security12b Title
Security12bTitle
Common stock, par value $0.001 per share
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
25000
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
106446000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5548000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1966000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
210202000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
95326000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
166000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
155000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
706000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
72000
CY2020Q4 us-gaap Assets
Assets
211074000
CY2019Q4 us-gaap Assets
Assets
95553000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2065000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
989000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6048000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4620000
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
14000
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
163526000
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000
CY2020 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2020 dei Entity Shell Company
EntityShellCompany
false
CY2020 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-24.49
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.08
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-57420000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-49509000
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
159000
CY2019Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0
CY2019Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2019Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18000
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16087785
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2344191
CY2019 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
49746000
CY2019 etnb Capital Contribution Related To Extinguishment Of Preferred Stock Liability
CapitalContributionRelatedToExtinguishmentOfPreferredStockLiability
25595000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
389000
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
271000
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
134000
CY2020 etnb Issuance Of Common Stock Warrants In Connection With Debt Financing
IssuanceOfCommonStockWarrantsInConnectionWithDebtFinancing
634000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3807000
CY2019 etnb Stock Issued During Period Issuance Costs
StockIssuedDuringPeriodIssuanceCosts
3083000
CY2020 us-gaap Profit Loss
ProfitLoss
-49499000
CY2019 us-gaap Profit Loss
ProfitLoss
-57420000
CY2020 us-gaap Depreciation
Depreciation
60000
CY2019 us-gaap Depreciation
Depreciation
17000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
3807000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
389000
CY2020 etnb Deferred Tax Assets
DeferredTaxAssets
69000
CY2019 etnb Deferred Tax Assets
DeferredTaxAssets
-20000
CY2019 etnb Revaluation Of Convertible Preferred Stock Liability
RevaluationOfConvertiblePreferredStockLiability
30597000
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-268000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
230000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3600000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1918000
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
72000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1131000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-520000
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1428000
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3447000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-46244000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-25460000
CY2020 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
118895000
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
12189000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;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="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 consolidated financial statements in conformity with U.S. 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 consolidated financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions made in the accompanying consolidated financial statements include but are not limited to the fair value of stock options and certain accrued expenses. 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>
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
126000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
139000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-106832000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-139000
CY2020 etnb Proceeds From Issuance Public Offering
ProceedsFromIssuancePublicOffering
157680000
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentrations of Credit Risk</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:5.24%;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial<font style="letter-spacing:0.05pt;"> </font>instruments<font style="letter-spacing:0.1pt;"> </font>that<font style="letter-spacing:0.05pt;"> </font>potentially<font style="letter-spacing:0.1pt;"> </font>subject<font style="letter-spacing:0.05pt;"> </font>the Company to a concentration<font style="letter-spacing:0.1pt;"> </font>of credit<font style="letter-spacing:0.05pt;"> </font>risk<font style="letter-spacing:0.05pt;"> </font>consist primarily<font style="letter-spacing:0.1pt;"> </font>of cash and cash equivalents.<font style="letter-spacing:0.1pt;"> </font>Bank<font style="letter-spacing:-0.05pt;"> </font>deposits<font style="letter-spacing:0.05pt;"> </font>are held by accredited<font style="letter-spacing:0.1pt;"> </font>financial<font style="letter-spacing:0.1pt;"> </font>institutions<font style="letter-spacing:0.1pt;"> </font>and these deposits<font style="letter-spacing:0.05pt;"> </font>may at times<font style="letter-spacing:0.05pt;"> </font>be in excess<font style="letter-spacing:0.05pt;"> </font>of insured<font style="letter-spacing:0.05pt;"> </font>limits. The Company limits<font style="letter-spacing:0.1pt;"> </font>its<font style="letter-spacing:0.05pt;"> </font>credit<font style="letter-spacing:0.05pt;"> </font>risk<font style="letter-spacing:0.05pt;"> </font>associated<font style="letter-spacing:0.1pt;"> </font>with cash and cash equivalents<font style="letter-spacing:0.1pt;"> </font>by placing<font style="letter-spacing:0.05pt;"> </font>them<font style="letter-spacing:0.05pt;"> </font>with financial<font style="letter-spacing:0.1pt;"> </font>institutions<font style="letter-spacing:0.1pt;"> </font>that<font style="letter-spacing:0.05pt;"> </font>it believes<font style="letter-spacing:0.05pt;"> </font>are of high quality.<font style="letter-spacing:0.05pt;"> </font>The Company has not experienced<font style="letter-spacing:0.05pt;"> </font>any losses<font style="letter-spacing:0.05pt;"> </font>on its<font style="letter-spacing:0.05pt;"> </font>deposits<font style="letter-spacing:0.05pt;"> </font>of cash or cash equivalents. </p>
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
87691000
CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
20000000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
271000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
161000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
157924000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
107702000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4848000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
82103000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93360000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11257000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98208000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
25000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
25000
CY2020 etnb Issuance Of Common Stock Warrant In Connection With Term Loan Facility
IssuanceOfCommonStockWarrantInConnectionWithTermLoanFacility
634000
CY2019 etnb Property And Equipment Purchases Included In Accounts Payable
PropertyAndEquipmentPurchasesIncludedInAccountsPayable
55000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
142000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
106000
CY2019 etnb Conversion Of Convertible Preferred Stock Into Common Stock At Initial Public Offering
ConversionOfConvertiblePreferredStockIntoCommonStockAtInitialPublicOffering
49746000
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassification</p> <p style="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;">Certain prior year footnote amounts have been updated for consistency with the current year presentation. Such reclassification has no effect on the consolidated financial statements.</p>
CY2019Q4 etnb Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
2326000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2552000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1396000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
453000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
573000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
159000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
325000
CY2020 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-06-30
CY2020 etnb Reorganization Exchange Of Equity Percentage Of Common Stock Issued Upon Exchange
ReorganizationExchangeOfEquityPercentageOfCommonStockIssuedUponExchange
1.00
CY2020 etnb Reorganization Exchange Of Equity Percentage Of Ordinary Shares Exchanged
ReorganizationExchangeOfEquityPercentageOfOrdinarySharesExchanged
1.00
CY2019Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.160849
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
204600000
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
CY2020 etnb Capital Contributions Related To Extinguishment Of Preferred Stock Liability
CapitalContributionsRelatedToExtinguishmentOfPreferredStockLiability
25600000
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
0
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
249000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
178000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
83000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23000
CY2020Q4 etnb Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
2884000
CY2019Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P24M
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
232000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-11000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-167000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000
CY2018Q2 us-gaap Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
The lease term expires in April 2021 and the Company has an option to renew for an additional 12 months.
CY2018Q2 etnb Operating Lease Monthly Rental Payments
OperatingLeaseMonthlyRentalPayments
4000
CY2018Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P12M
CY2019Q4 us-gaap Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
The lease term is for 24 months, expiring in January 2022
CY2020 etnb Operating Lease Monthly Rental Payments
OperatingLeaseMonthlyRentalPayments
17500
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
240000
CY2020 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
273000
CY2019Q4 etnb Capital Contribution Related To Extinguishment Of Preferred Stock Liability
CapitalContributionRelatedToExtinguishmentOfPreferredStockLiability
25600000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3807000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
389000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Simplified Method
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod
P10Y
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.864
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.976
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.002
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.015
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term Simplified Method
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod
P10Y
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.618
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.876
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.016
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.026
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-30000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-10000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-198000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
69000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-20000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
69000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-20000
CY2020Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
5392000
CY2019Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
3419000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
635000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
349000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
658000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
10000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22005000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10022000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21936000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10022000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
69000
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
11900000
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
6500000
CY2020 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
Federal net operating losses generated after 2017 can be carried forward indefinitely but utilization will be limited to 80% of taxable income in the period that net operating losses are being utilized.
CY2020Q4 etnb Taxable Income Utilization Percentage
TaxableIncomeUtilizationPercentage
0.80
CY2020Q4 etnb Deferred Tax Assets Tax Credit Carryforwards Research Federal
DeferredTaxAssetsTaxCreditCarryforwardsResearchFederal
600000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
700000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
200000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
8285000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
13095000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
815000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
93000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-11914000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-6520000
CY2020 etnb Income Tax Reconciliation Change In Effective Tax Rate Due To Reorganization
IncomeTaxReconciliationChangeInEffectiveTaxRateDueToReorganization
647000
CY2019 etnb Income Tax Reconciliation Change In Effective Tax Rate Due To Reorganization
IncomeTaxReconciliationChangeInEffectiveTaxRateDueToReorganization
-734000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1671000
CY2019 etnb Income Tax Reconciliation Revaluation Of Convertible Preferred Share Liability
IncomeTaxReconciliationRevaluationOfConvertiblePreferredShareLiability
-6039000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
555000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-113000
CY2020 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
300000
CY2019 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
39000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3332386
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2844193

Files In Submission

Name View Source Status
0001564590-21-015214-index-headers.html Edgar Link pending
0001564590-21-015214-index.html Edgar Link pending
0001564590-21-015214.txt Edgar Link pending
0001564590-21-015214-xbrl.zip Edgar Link pending
etnb-10k_20201231.htm Edgar Link pending
etnb-20201231.xml Edgar Link completed
etnb-20201231.xsd Edgar Link pending
etnb-20201231_cal.xml Edgar Link unprocessable
etnb-20201231_def.xml Edgar Link unprocessable
etnb-20201231_lab.xml Edgar Link unprocessable
etnb-20201231_pre.xml Edgar Link unprocessable
etnb-ex231_6.htm Edgar Link pending
etnb-ex232_10.htm Edgar Link pending
etnb-ex311_12.htm Edgar Link pending
etnb-ex312_9.htm Edgar Link pending
etnb-ex321_7.htm Edgar Link pending
etnb-ex43_8.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gqb5bzr5wcdj000001.jpg Edgar Link pending
gqb5bzr5wcdj000002.jpg Edgar Link pending
gqb5bzr5wcdj000003.jpg Edgar Link pending
gqb5bzr5wcdj000004.jpg Edgar Link pending
gqb5bzr5wcdj000005.jpg Edgar Link pending
gqb5bzr5wcdj000006.jpg Edgar Link pending
gqb5bzr5wcdj000007.jpg Edgar Link pending
gqb5bzr5wcdj000008.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
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