2023 Q1 Form 10-Q Financial Statement
#000196291823000007 Filed on June 15, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
Revenue | $0.00 | |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $11.91M | |
YoY Change | ||
% of Gross Profit | ||
Research & Development | $167.9M | $13.00M |
YoY Change | 1191.39% | |
% of Gross Profit | ||
Depreciation & Amortization | $0.00 | |
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $179.8M | $16.09M |
YoY Change | 1018.02% | |
Operating Profit | -$179.8M | -$16.09M |
YoY Change | 1018.02% | |
Interest Expense | $3.446M | |
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | -$63.00K | $0.00 |
YoY Change | ||
Pretax Income | -$176.5M | |
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$176.5M | -$16.09M |
YoY Change | 996.98% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$8.61 | -$17.89 |
Diluted Earnings Per Share | -$8.61 | -$17.89 |
COMMON SHARES | ||
Basic Shares Outstanding | 20.49M shares | 899.3K shares |
Diluted Shares Outstanding | 20.49M shares | 899.3K shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $289.2M | |
YoY Change | ||
Cash & Equivalents | $289.2M | $212.6M |
Short-Term Investments | $0.00 | |
Other Short-Term Assets | $2.412M | |
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $291.9M | |
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $238.0K | |
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $5.093M | |
YoY Change | ||
Total Long-Term Assets | $6.663M | |
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | $291.9M | |
Total Long-Term Assets | $6.663M | |
Total Assets | $298.5M | |
YoY Change | ||
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $10.77M | |
YoY Change | ||
Accrued Expenses | $19.61M | |
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $33.66M | |
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $11.61M | |
YoY Change | ||
Total Long-Term Liabilities | $11.61M | |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $33.66M | |
Total Long-Term Liabilities | $11.61M | |
Total Liabilities | $45.28M | |
YoY Change | ||
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$283.5M | |
YoY Change | ||
Common Stock | $0.00 | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$143.4M | -$56.53M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $298.5M | |
YoY Change |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$176.5M | -$16.09M |
YoY Change | 996.98% | |
Depreciation, Depletion And Amortization | $0.00 | |
YoY Change | ||
Cash From Operating Activities | -$25.30M | -$14.60M |
YoY Change | 73.29% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $238.0K | $0.00 |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $150.4M | |
YoY Change | ||
Cash From Investing Activities | $47.54M | $0.00 |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$129.0K | $125.0M |
YoY Change | -100.1% | |
NET CHANGE | ||
Cash From Operating Activities | -$25.30M | -$14.60M |
Cash From Investing Activities | $47.54M | $0.00 |
Cash From Financing Activities | -$129.0K | $125.0M |
Net Change In Cash | $22.08M | $110.4M |
YoY Change | -80.0% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$25.30M | -$14.60M |
Capital Expenditures | $238.0K | $0.00 |
Free Cash Flow | -$25.54M | -$14.60M |
YoY Change | 74.92% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Entity Central Index Key
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2023 | |
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Q1 | |
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Current Fiscal Year End Date
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--12-31 | |
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Document Type
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2023-03-31 | |
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ACELYRIN, INC. | |
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DE | |
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Entity Tax Identification Number
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85-2406735 | |
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4149 Liberty Canyon Road | |
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Agoura Hills | |
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CA | |
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Stockholders Equity
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Temporary Equity Carrying Amount Attributable To Parent
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Stockholders Equity
StockholdersEquity
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Temporary Equity Issuance Costs
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Temporary Equity Stock Issued During Period Value New Issues
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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Net Income Loss
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Temporary Equity Shares Outstanding
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|
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257594000 | usd |
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Net Income Loss
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CY2023Q1 | us-gaap |
Research And Development Asset Acquired Other Than Through Business Combination Written Off
ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff
|
133057000 | usd |
CY2022Q1 | us-gaap |
Research And Development Asset Acquired Other Than Through Business Combination Written Off
ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7139000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1610000 | usd |
CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
177000 | usd |
CY2022Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
147000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
16000 | usd |
CY2022Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
0 | usd |
CY2023Q1 | slrn |
Increase Decrease In Prepaid Expense And Other Assets Current
IncreaseDecreaseInPrepaidExpenseAndOtherAssetsCurrent
|
-825000 | usd |
CY2022Q1 | slrn |
Increase Decrease In Prepaid Expense And Other Assets Current
IncreaseDecreaseInPrepaidExpenseAndOtherAssetsCurrent
|
923000 | usd |
CY2023Q1 | slrn |
Increase Decrease In Prepaid Expenses And Other Assets Noncurrent
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsNoncurrent
|
-2196000 | usd |
CY2022Q1 | slrn |
Increase Decrease In Prepaid Expenses And Other Assets Noncurrent
IncreaseDecreaseInPrepaidExpensesAndOtherAssetsNoncurrent
|
148000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2990000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-54000 | usd |
CY2023Q1 | slrn |
Increase Decrease In Accrued Research And Development Expenses
IncreaseDecreaseInAccruedResearchAndDevelopmentExpenses
|
3565000 | usd |
CY2022Q1 | slrn |
Increase Decrease In Accrued Research And Development Expenses
IncreaseDecreaseInAccruedResearchAndDevelopmentExpenses
|
1305000 | usd |
CY2023Q1 | slrn |
Increase Decrease In Accrued Compensation And Other Current Liabilities
IncreaseDecreaseInAccruedCompensationAndOtherCurrentLiabilities
|
-1778000 | usd |
CY2022Q1 | slrn |
Increase Decrease In Accrued Compensation And Other Current Liabilities
IncreaseDecreaseInAccruedCompensationAndOtherCurrentLiabilities
|
-277000 | usd |
CY2023Q1 | slrn |
Increase Decrease In Severance Liability
IncreaseDecreaseInSeveranceLiability
|
3435000 | usd |
CY2022Q1 | slrn |
Increase Decrease In Severance Liability
IncreaseDecreaseInSeveranceLiability
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-25329000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14572000 | usd |
CY2023Q1 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
10007000 | usd |
CY2022Q1 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
10000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
47773000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
0 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
238000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
47542000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
124974000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
-129000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-129000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
124974000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22084000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
110402000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
267110000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
102242000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
289194000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
212644000 | usd |
CY2023Q1 | slrn |
Offering Costs Incurred During Noncash Or Partial Noncash Transaction
OfferingCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
2180000 | usd |
CY2022Q1 | slrn |
Offering Costs Incurred During Noncash Or Partial Noncash Transaction
OfferingCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
0 | usd |
CY2023Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1348000 | usd |
CY2022Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
128735000 | usd |
CY2022Q1 | us-gaap |
Stock Issued1
StockIssued1
|
0 | usd |
CY2023Q1 | slrn |
Temporary Equity Convertible Conversion Ratio
TemporaryEquityConvertibleConversionRatio
|
1 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-176500000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16100000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-176500000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-283500000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-25300000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14600000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
289200000 | usd |
CY2023Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;padding-left:27pt;text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. On an ongoing basis, the Company evaluates estimates and assumptions, including but not limited to those related to the fair value of its derivative tranche liability, the fair value of its common stock, stock-based compensation expense, accruals for research and development expenses, valuation of deferred tax assets, and uncertain income tax positions. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from those estimates.</span></div> | |
CY2023Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2023Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-top:12pt;padding-left:27pt;text-align:justify"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:12pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents, and short-term marketable securities are financial instruments that potentially subject the Company to concentrations of credit risk. As of March 31, 2023 and December 31, 2022, cash consists of cash deposited with two and one financial institution, respectively, and account balances may at times exceed federally insured limits. Subsequent to March 31, 2023, the Company deposited its cash balance in three financial institutions due to the instability in the banking sector following multiple bank failures.</span></div>The Company also has investments in money market funds, U.S. Treasury obligations, corporate debt obligations, and federal agency obligations, which can be subject to certain credit risks. The Company mitigates the risks by investing in high-grade instruments, limiting its exposure to any one issuer and monitoring the ongoing creditworthiness of the financial institutions and issuers. The Company has not experienced any losses on its financial instruments. | |
CY2023Q1 | slrn |
Concentration Risk Credit Risk Number Of Financial Institutions With Cash Deposits
ConcentrationRiskCreditRiskNumberOfFinancialInstitutionsWithCashDeposits
|
2 | institution |
CY2022Q4 | slrn |
Concentration Risk Credit Risk Number Of Financial Institutions With Cash Deposits
ConcentrationRiskCreditRiskNumberOfFinancialInstitutionsWithCashDeposits
|
1 | institution |
CY2023Q1 | us-gaap |
Deferred Costs
DeferredCosts
|
3100000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
800000 | usd |
CY2023Q1 | slrn |
Asset Acquisition Separately Recognized Transactions Severance Payable Current
AssetAcquisitionSeparatelyRecognizedTransactionsSeverancePayableCurrent
|
3300000 | usd |
CY2023Q1 | slrn |
Asset Acquisition Separately Recognized Transactions Severance Payable Noncurrent
AssetAcquisitionSeparatelyRecognizedTransactionsSeverancePayableNoncurrent
|
200000 | usd |
CY2023Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
258227000 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10144000 | usd |
CY2023Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
10144000 | usd |
CY2022Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
285733000 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10291000 | usd |
CY2022Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
10291000 | usd |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
10291000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
147000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
10144000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
|
258227000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
|
258227000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
|
285819000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
86000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
|
285733000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLossCurrent
|
100000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Accrued Interest Writeoff
DebtSecuritiesAvailableForSaleAccruedInterestWriteoff
|
0 | usd |
CY2023Q1 | slrn |
Prepaid Research And Development Expenses Current
PrepaidResearchAndDevelopmentExpensesCurrent
|
1258000 | usd |
CY2022Q4 | slrn |
Prepaid Research And Development Expenses Current
PrepaidResearchAndDevelopmentExpensesCurrent
|
682000 | usd |
CY2023Q1 | slrn |
Prepaid Other Services Current
PrepaidOtherServicesCurrent
|
689000 | usd |
CY2022Q4 | slrn |
Prepaid Other Services Current
PrepaidOtherServicesCurrent
|
288000 | usd |
CY2023Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
465000 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
86000 | usd |
CY2023Q1 | slrn |
Research And Development Credit Receivable Current
ResearchAndDevelopmentCreditReceivableCurrent
|
250000 | usd |
CY2022Q4 | slrn |
Research And Development Credit Receivable Current
ResearchAndDevelopmentCreditReceivableCurrent
|
250000 | usd |
CY2023Q1 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
138000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2662000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1444000 | usd |
CY2023Q1 | us-gaap |
Deferred Costs
DeferredCosts
|
3082000 | usd |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
774000 | usd |
CY2023Q1 | slrn |
Prepaid Research And Development Expense Noncurrent
PrepaidResearchAndDevelopmentExpenseNoncurrent
|
1977000 | usd |
CY2022Q4 | slrn |
Prepaid Research And Development Expense Noncurrent
PrepaidResearchAndDevelopmentExpenseNoncurrent
|
1964000 | usd |
CY2023Q1 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
34000 | usd |
CY2022Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
0 | usd |
CY2023Q1 | slrn |
Asset Acquisition Transaction Costs Current
AssetAcquisitionTransactionCostsCurrent
|
0 | usd |
CY2022Q4 | slrn |
Asset Acquisition Transaction Costs Current
AssetAcquisitionTransactionCostsCurrent
|
1121000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
5093000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
3859000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
|
P3Y | |
CY2023Q1 | slrn |
Lessee Operating Lease Monthly Payments
LesseeOperatingLeaseMonthlyPayments
|
30500 | usd |
CY2023Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
4440000 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
808000 | usd |
CY2023Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
930000 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
3068000 | usd |
CY2023Q1 | slrn |
Accrued Liabilities And Current Liabilities Other
AccruedLiabilitiesAndCurrentLiabilitiesOther
|
157000 | usd |
CY2022Q4 | slrn |
Accrued Liabilities And Current Liabilities Other
AccruedLiabilitiesAndCurrentLiabilitiesOther
|
361000 | usd |
CY2023Q1 | slrn |
Accrued Compensation And Other Current Liabilities
AccruedCompensationAndOtherCurrentLiabilities
|
5527000 | usd |
CY2022Q4 | slrn |
Accrued Compensation And Other Current Liabilities
AccruedCompensationAndOtherCurrentLiabilities
|
4237000 | usd |
CY2023Q1 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
2200000 | usd |
CY2022Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
200000 | usd |
CY2023Q1 | slrn |
Lessee Operating Lease Square Feet Leased
LesseeOperatingLeaseSquareFeetLeased
|
10012 | sqft |
CY2022Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P65M | |
CY2023Q1 | slrn |
Lessee Operating Lease Annual Rent Increase Percent
LesseeOperatingLeaseAnnualRentIncreasePercent
|
0.030 | |
CY2023Q1 | slrn |
Lessee Operating Lease Rent Abatement Term
LesseeOperatingLeaseRentAbatementTerm
|
P6M | |
CY2023Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
34000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1300000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1300000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
100000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
26000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
375000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
386000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
397000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
409000 | usd |
CY2023Q1 | slrn |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
280000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
1873000 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
558000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1315000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1315000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P65M | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.12 | |
CY2023Q1 | us-gaap |
Variable Lease Payment
VariableLeasePayment
|
100000 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
104461636 | shares |
CY2022Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
104461636 | shares |
CY2023Q1 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
40743522 | shares |
CY2023Q1 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
40743522 | shares |
CY2022Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
40743522 | shares |
CY2022Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
40743522 | shares |
CY2023Q1 | us-gaap |
Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
|
408000000 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
|
408000000 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
396593000 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
396593000 | usd |
CY2022Q4 | slrn |
Temporary Equity Convertible Conversion Ratio
TemporaryEquityConvertibleConversionRatio
|
0.01 | |
CY2023Q1 | slrn |
Temporary Equity Voting Rights Number Of Directors
TemporaryEquityVotingRightsNumberOfDirectors
|
3 | director |
CY2023Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
10100000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
100000 | usd |
CY2023Q1 | slrn |
Common Stock Outstanding Share Ownership Threshold Percentage
CommonStockOutstandingShareOwnershipThresholdPercentage
|
0.099 | |
CY2023Q1 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
0 | usd |
CY2023Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
50316364 | shares |
CY2022Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
48458034 | shares |
CY2020Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
2839749 | shares |
CY2020Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
0.00002 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.9136 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.9220 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
1.0211 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
1.0281 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0339 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0412 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0169 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0183 | |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7139000 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1610000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7139000 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1610000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-176450000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-16085000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
21023566 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
3085044 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
531465 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
2185725 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20492101 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20492101 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
899319 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
899319 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-8.61 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-8.61 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-17.89 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-17.89 | |
CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
49128447 | shares |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
32529568 | shares |
CY2023Q1 | slrn |
Valuation Allowance Deferred Tax Assets Minimum Percentage
ValuationAllowanceDeferredTaxAssetsMinimumPercentage
|
1 | |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 |