2020 Q4 Form 10-K Financial Statement

#000174183021000018 Filed on March 23, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2018
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.390M $1.110M $1.610M
YoY Change 745.95%
% of Gross Profit
Research & Development $11.70M $4.750M $5.033M
YoY Change 146.32%
% of Gross Profit
Depreciation & Amortization $800.0K $400.0K $100.0K
YoY Change 100.0%
% of Gross Profit
Operating Expenses $21.09M $5.860M $6.645M
YoY Change 259.9%
Operating Profit -$6.645M
YoY Change
Interest Expense -$12.07M $390.0K $76.00K
YoY Change -3194.87%
% of Operating Profit
Other Income/Expense, Net -$76.00K
YoY Change
Pretax Income -$33.16M -$5.470M -$6.720M
YoY Change 506.22%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$88.44M -$16.12M -$6.721M
YoY Change 448.76%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$1.293M -$411.3K -$510.6K
COMMON SHARES
Basic Shares Outstanding 56.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $413.1M $10.20M
YoY Change
Cash & Equivalents $248.0M $32.57M $10.20M
Short-Term Investments $165.1M $0.00
Other Short-Term Assets $6.100M $300.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $600.0K $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $419.8M $93.30M $10.50M
YoY Change 349.93%
LONG-TERM ASSETS
Property, Plant & Equipment $41.00M $1.800M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $49.00M $0.00
YoY Change
Other Assets $166.0K $427.0K $300.0K
YoY Change -61.12%
Total Long-Term Assets $92.16M $9.383M $2.100M
YoY Change 882.22%
TOTAL ASSETS
Total Short-Term Assets $419.8M $93.30M $10.50M
Total Long-Term Assets $92.16M $9.383M $2.100M
Total Assets $512.0M $102.7M $12.60M
YoY Change 398.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.550M $1.506M $800.0K
YoY Change 202.12%
Accrued Expenses $4.974M $818.0K $400.0K
YoY Change 508.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $12.86M $2.697M $1.300M
YoY Change 376.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.469M $74.00K $600.0K
YoY Change 3236.49%
Total Long-Term Liabilities $2.469M $74.00K $600.0K
YoY Change 3236.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.86M $2.697M $1.300M
Total Long-Term Liabilities $2.469M $74.00K $600.0K
Total Liabilities $46.45M $2.982M $1.900M
YoY Change 1457.51%
SHAREHOLDERS EQUITY
Retained Earnings -$111.9M -$23.46M
YoY Change 376.97%
Common Stock $54.00K $6.000K
YoY Change 800.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $465.5M -$23.20M $10.70M
YoY Change
Total Liabilities & Shareholders Equity $512.0M $102.7M $12.60M
YoY Change 398.57%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2018
OPERATING ACTIVITIES
Net Income -$88.44M -$16.12M -$6.721M
YoY Change 448.76%
Depreciation, Depletion And Amortization $800.0K $400.0K $100.0K
YoY Change 100.0%
Cash From Operating Activities -$15.63M -$4.940M -$6.441M
YoY Change 216.4%
INVESTING ACTIVITIES
Capital Expenditures -$3.680M -$640.0K $1.075M
YoY Change 475.0%
Acquisitions
YoY Change
Other Investing Activities -$155.1M -$64.63M $0.00
YoY Change 139.95%
Cash From Investing Activities -$158.8M -$65.27M -$1.075M
YoY Change 143.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.000K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 266.2M 50.00K $16.22M
YoY Change 532300.0%
NET CHANGE
Cash From Operating Activities -15.63M -4.940M -$6.441M
Cash From Investing Activities -158.8M -65.27M -$1.075M
Cash From Financing Activities 266.2M 50.00K $16.22M
Net Change In Cash 91.81M -70.16M $8.702M
YoY Change -230.86%
FREE CASH FLOW
Cash From Operating Activities -$15.63M -$4.940M -$6.441M
Capital Expenditures -$3.680M -$640.0K $1.075M
Free Cash Flow -$11.95M -$4.300M -$7.516M
YoY Change 177.91%

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CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-261000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
153000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
247000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2807000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
716000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-28000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3229000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
620000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
193000 USD
CY2020 kron Increase Decrease In Right Of Use Operating Assets And Liabilities Net
IncreaseDecreaseInRightOfUseOperatingAssetsAndLiabilitiesNet
-685000 USD
CY2019 kron Increase Decrease In Right Of Use Operating Assets And Liabilities Net
IncreaseDecreaseInRightOfUseOperatingAssetsAndLiabilitiesNet
252000 USD
CY2018 kron Increase Decrease In Right Of Use Operating Assets And Liabilities Net
IncreaseDecreaseInRightOfUseOperatingAssetsAndLiabilitiesNet
43000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
4704000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-48000 USD
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
210000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37912000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15082000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6441000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9568000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2948000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1075000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
229328000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
64633000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
78661000 USD
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2018 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-160235000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67581000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1075000 USD
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
263725000 USD
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2020 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
151275000 USD
CY2019 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2018 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
32000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
30000 USD
CY2018 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
72000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
645000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
115000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5000 USD
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2019 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
104922000 USD
CY2018 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
16285000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
415613000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
105007000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16218000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
217466000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22344000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8702000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32570000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10226000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1524000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250036000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32570000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10226000 USD
CY2020 kron Stock Issued Convertible Preferred
StockIssuedConvertiblePreferred
122907000 USD
CY2019 kron Stock Issued Convertible Preferred
StockIssuedConvertiblePreferred
0 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1280000 USD
CY2018 kron Stock Issued Convertible Preferred
StockIssuedConvertiblePreferred
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-111900000 USD
CY2020 kron Stock Issued Convertible Notes Payable
StockIssuedConvertibleNotesPayable
186137000 USD
CY2019 kron Stock Issued Convertible Notes Payable
StockIssuedConvertibleNotesPayable
0 USD
CY2018 kron Stock Issued Convertible Notes Payable
StockIssuedConvertibleNotesPayable
0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
116000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
104000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28839000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4000 USD
CY2018 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
810000 USD
CY2020 kron Property And Equipment Obtained In Exchange For Finance Lease
PropertyAndEquipmentObtainedInExchangeForFinanceLease
0 USD
CY2019 kron Property And Equipment Obtained In Exchange For Finance Lease
PropertyAndEquipmentObtainedInExchangeForFinanceLease
0 USD
CY2018 kron Property And Equipment Obtained In Exchange For Finance Lease
PropertyAndEquipmentObtainedInExchangeForFinanceLease
139000 USD
CY2020 kron Temporary Equity Issuance Upon Conversion Of Convertible Notes
TemporaryEquityIssuanceUponConversionOfConvertibleNotes
0 USD
CY2019 kron Temporary Equity Issuance Upon Conversion Of Convertible Notes
TemporaryEquityIssuanceUponConversionOfConvertibleNotes
0 USD
CY2018 kron Temporary Equity Issuance Upon Conversion Of Convertible Notes
TemporaryEquityIssuanceUponConversionOfConvertibleNotes
1700000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
462100000 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Significant estimates and assumptions reflected in these financial statements include, but are not limited to, the accrual of research and development expenses, the fair value of investments, income tax uncertainties, the valuation of equity instruments and the incremental borrowing rate for determining the operating lease assets and liabilities. Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Actual results could differ from the Company’s estimates.</span></div>
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2000000.0 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk and Other Risks and Uncertainties</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and cash equivalents and investments. The primary objectives for the Company’s investment portfolio are the preservation of capital and the maintenance of liquidity. The Company does not enter into any investment transaction for trading or speculative purposes.</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s investment policy limits investments to certain types of instruments such as certificates of deposit, money market instruments, obligations issued by the U.S. government and U.S. government agencies as well as corporate debt securities, and places restrictions on maturities and concentration by type and issuer. The Company maintains cash balances in excess of amounts insured by the FDIC and concentrated within a limited number of financial institutions. The accounts are monitored by management and management believes that the financial institutions are financially sound, and, accordingly, minimal credit risk exists with respect to these financial institutions. As of December 31, 2020 and 2019, the Company has not experienced any credit losses in such accounts or investments.</span></div><div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to a number of risks common for biopharmaceutical companies, including, but not limited to, dependency on the clinical and commercial success of its product candidates, ability to obtain regulatory approval of its product candidates, the need for substantial additional financing to achieve its goals, uncertainty of broad adoption of its approved products, if any, by physicians and patients, significant competition, and untested manufacturing capabilities.</span></div>
CY2019Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
248009000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32570000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2027000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
0 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250036000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32570000 USD
CY2020Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentAndDebtSecuritiesAvailableForSaleAmortizedCost
450890000 USD
CY2020Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale Gross Unrealized Gain Before Tax
CashAndCashEquivalentAndDebtSecuritiesAvailableForSaleGrossUnrealizedGainBeforeTax
18000 USD
CY2020Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale Gross Unrealized Loss Before Tax
CashAndCashEquivalentAndDebtSecuritiesAvailableForSaleGrossUnrealizedLossBeforeTax
37000 USD
CY2020Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale
CashAndCashEquivalentAndDebtSecuritiesAvailableForSale
450871000 USD
CY2019Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale Amortized Cost
CashAndCashEquivalentAndDebtSecuritiesAvailableForSaleAmortizedCost
71145000 USD
CY2019Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale Gross Unrealized Gain Before Tax
CashAndCashEquivalentAndDebtSecuritiesAvailableForSaleGrossUnrealizedGainBeforeTax
2000 USD
CY2019Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale Gross Unrealized Loss Before Tax
CashAndCashEquivalentAndDebtSecuritiesAvailableForSaleGrossUnrealizedLossBeforeTax
20000 USD
CY2019Q4 kron Cash And Cash Equivalent And Debt Securities Available For Sale
CashAndCashEquivalentAndDebtSecuritiesAvailableForSale
71127000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
236818000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6751000 USD
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
165052000 USD
CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
59614000 USD
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
49001000 USD
CY2019Q4 us-gaap Long Term Investments
LongTermInvestments
4762000 USD
CY2020Q4 us-gaap Investments And Cash
InvestmentsAndCash
450871000 USD
CY2019Q4 us-gaap Investments And Cash
InvestmentsAndCash
71127000 USD
CY2020Q4 us-gaap Investments And Cash
InvestmentsAndCash
450871000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
287686000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
66253000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
49001000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
4762000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
114184000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
112000 USD
CY2019Q4 us-gaap Investments And Cash
InvestmentsAndCash
71127000 USD
CY2019 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2020 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
0 USD
CY2020Q4 kron Debt Securities Available For Sale Accrued Interest
DebtSecuritiesAvailableForSaleAccruedInterest
612000 USD
CY2019Q4 kron Debt Securities Available For Sale Accrued Interest
DebtSecuritiesAvailableForSaleAccruedInterest
198000 USD
CY2020Q4 kron Prepaid Equipment Service Contracts
PrepaidEquipmentServiceContracts
383000 USD
CY2019Q4 kron Prepaid Equipment Service Contracts
PrepaidEquipmentServiceContracts
191000 USD
CY2020Q4 kron Prepaid External Research And Development And Outside Services
PrepaidExternalResearchAndDevelopmentAndOutsideServices
1889000 USD
CY2019Q4 kron Prepaid External Research And Development And Outside Services
PrepaidExternalResearchAndDevelopmentAndOutsideServices
113000 USD
CY2020Q4 kron Prepaid Software
PrepaidSoftware
736000 USD
CY2019Q4 kron Prepaid Software
PrepaidSoftware
180000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
2881000 USD
CY2019Q4 us-gaap Prepaid Insurance
PrepaidInsurance
23000 USD
CY2020Q4 us-gaap Prepaid Rent
PrepaidRent
240000 USD
CY2019Q4 us-gaap Prepaid Rent
PrepaidRent
414000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6741000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1119000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
139000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
139000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
14931000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4167000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1285000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
446000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
13646000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3721000 USD
CY2020Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000 USD
CY2019Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
400000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2274000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
528000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
558000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
43000 USD
CY2020Q4 kron Accrued External Research And Development Current
AccruedExternalResearchAndDevelopmentCurrent
1017000 USD
CY2019Q4 kron Accrued External Research And Development Current
AccruedExternalResearchAndDevelopmentCurrent
241000 USD
CY2020Q4 kron Accrued Leasehold Improvements Current
AccruedLeaseholdImprovementsCurrent
927000 USD
CY2019Q4 kron Accrued Leasehold Improvements Current
AccruedLeaseholdImprovementsCurrent
0 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
198000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4974000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
818000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
5000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
32000 USD
CY2020Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
2174000 USD
CY2019Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
56000 USD
CY2020Q4 kron Espp Withholdings Liability Current
ESPPWithholdingsLiabilityCurrent
216000 USD
CY2019Q4 kron Espp Withholdings Liability Current
ESPPWithholdingsLiabilityCurrent
0 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2395000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
88000 USD
CY2019Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
21506977 shares
CY2019Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
21504893 shares
CY2019Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
21504893 shares
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
122907000 USD
CY2019Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
123016000 USD
CY2019Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
22687625 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54073901 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
54073901 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5660391 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5660391 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.25
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.42
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.16
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.01
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.14
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.03
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1726233 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.19
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
5196257 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.52
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
121086 shares
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