2020 Q4 Form 10-K Financial Statement

#000156459021014854 Filed on March 23, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.220M $6.530M $6.320M
YoY Change 6.31% 14.76% 27.16%
% of Gross Profit
Research & Development $13.09M $18.83M $16.12M
YoY Change -28.12% 5.92% -12.7%
% of Gross Profit
Depreciation & Amortization $810.0K $830.0K $910.0K
YoY Change 9.46% 29.69% 42.19%
% of Gross Profit
Operating Expenses $18.31M $18.83M $23.35M
YoY Change -20.7% -15.76% -4.58%
Operating Profit -$18.78M -$24.64M -$23.35M
YoY Change -18.65% 10.24% -4.58%
Interest Expense -$690.0K -$270.0K $0.00
YoY Change -209.52% -135.71% -100.0%
% of Operating Profit
Other Income/Expense, Net -$110.0K -$2.637M $4.342M
YoY Change -102.48% 2254.46% -4315.53%
Pretax Income -$19.59M -$27.55M -$18.67M
YoY Change 8.65% 26.9% -21.12%
Income Tax
% Of Pretax Income
Net Earnings -$19.59M -$27.55M -$18.67M
YoY Change 8.65% 26.91% -21.15%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$3.65 -$5.25 -$3.76
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.70M $132.2M $119.5M
YoY Change -23.37% 16.99% -6.64%
Cash & Equivalents $17.81M $48.58M $39.59M
Short-Term Investments $79.90M $83.60M $79.90M
Other Short-Term Assets $3.200M $3.500M $4.000M
YoY Change 60.0% 59.09% 42.86%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $100.9M $135.7M $123.5M
YoY Change -22.1% 7.78% -12.68%
LONG-TERM ASSETS
Property, Plant & Equipment $12.63M $37.80M $39.10M
YoY Change -24.1% 600.0% 591.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $17.90M $0.00 $0.00
YoY Change 496.67% -100.0% -100.0%
Other Assets $0.00 $1.400M $598.0K
YoY Change -100.0% -15.0% -63.51%
Total Long-Term Assets $55.45M $39.30M $41.20M
YoY Change 155.14% 149.08% 222.29%
TOTAL ASSETS
Total Short-Term Assets $100.9M $135.7M $123.5M
Total Long-Term Assets $55.45M $39.30M $41.20M
Total Assets $156.3M $175.0M $164.7M
YoY Change 3.37% 23.52% 6.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.558M $4.300M $3.952M
YoY Change -50.67% -6.07% -26.56%
Accrued Expenses $6.550M $12.70M $6.250M
YoY Change 31.13% 158.55% 29.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $14.46M $16.90M $15.67M
YoY Change -15.99% 18.18% 2.87%
LONG-TERM LIABILITIES
Long-Term Debt $24.51M $24.31M $0.00
YoY Change
Other Long-Term Liabilities $0.00 $35.60M $36.80M
YoY Change -100.0% 182.54% 525614.29%
Total Long-Term Liabilities $24.51M $24.31M $36.80M
YoY Change 92.96% 525614.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.46M $16.90M $15.67M
Total Long-Term Liabilities $24.51M $24.31M $36.80M
Total Liabilities $73.44M $76.87M $52.44M
YoY Change 140.67% 185.12% 93.07%
SHAREHOLDERS EQUITY
Retained Earnings -$339.3M -$319.7M -$292.2M
YoY Change 38.23% 42.04%
Common Stock $422.4M $418.0M $404.8M
YoY Change 15.19% 21.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $82.88M $98.10M $112.3M
YoY Change
Total Liabilities & Shareholders Equity $156.3M $175.0M $164.7M
YoY Change 3.37% 23.5% 6.8%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$19.59M -$27.55M -$18.67M
YoY Change 8.65% 26.91% -21.15%
Depreciation, Depletion And Amortization $810.0K $830.0K $910.0K
YoY Change 9.46% 29.69% 42.19%
Cash From Operating Activities -$16.71M -$17.26M -$19.29M
YoY Change 6.5% 2.55% -0.05%
INVESTING ACTIVITIES
Capital Expenditures $180.0K $90.00K $350.0K
YoY Change -70.49% -83.33% 52.17%
Acquisitions
YoY Change
Other Investing Activities -$14.40M -$6.510M $12.65M
YoY Change 273.06% -125.41% 68.44%
Cash From Investing Activities -$14.58M -$6.610M $12.31M
YoY Change 225.45% -126.35% 69.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 520.0K 32.86M 21.51M
YoY Change -97.51% 507.39% 2344.32%
NET CHANGE
Cash From Operating Activities -16.71M -17.26M -19.29M
Cash From Investing Activities -14.58M -6.610M 12.31M
Cash From Financing Activities 520.0K 32.86M 21.51M
Net Change In Cash -30.77M 8.990M 14.53M
YoY Change -4495.71% -34.24% -230.43%
FREE CASH FLOW
Cash From Operating Activities -$16.71M -$17.26M -$19.29M
Capital Expenditures $180.0K $90.00K $350.0K
Free Cash Flow -$16.89M -$17.35M -$19.64M
YoY Change 3.62% -0.12% 0.56%

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895000
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
840000
CY2019 ubx Common Stock Issued To Third Parties Value
CommonStockIssuedToThirdPartiesValue
2995000
CY2019 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
586000
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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185000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-82177000
CY2019Q4 us-gaap Stockholders Equity
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120707000
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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1510000
CY2020 ubx Vesting Of Early Exercised Options
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216000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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13746000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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7848000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
9441000
CY2020 ubx Loss On Disposal Of Property And Equipment
LossOnDisposalOfPropertyAndEquipment
0
CY2019 ubx Loss On Disposal Of Property And Equipment
LossOnDisposalOfPropertyAndEquipment
0
CY2020 ubx Receipt Of Promissory Note From Related Party To Purchase Common Stock
ReceiptOfPromissoryNoteFromRelatedPartyToPurchaseCommonStock
0
CY2019 ubx Receipt Of Promissory Note From Related Party To Purchase Common Stock
ReceiptOfPromissoryNoteFromRelatedPartyToPurchaseCommonStock
27000
CY2020 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
100000
CY2020 ubx Common Stock Issued To Third Parties For Milestone Payments Value
CommonStockIssuedToThirdPartiesForMilestonePaymentsValue
2310000
CY2020 ubx Repayment Of Promissory Note From Related Party From Purchase Of Common Stock
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374000
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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576000
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-85000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-93844000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-76398000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2180000
CY2018 ubx Amortization Of Debt Issuance Costs
AmortizationOfDebtIssuanceCosts
0
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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-256000
CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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1151000
CY2018 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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955000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
13813000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
10852000
CY2018 ubx Loss On Disposal Of Property And Equipment
LossOnDisposalOfPropertyAndEquipment
45000
CY2020 ubx Common Stock Issued To Third Parties
CommonStockIssuedToThirdParties
1211000
CY2019 ubx Common Stock Issued To Third Parties
CommonStockIssuedToThirdParties
965000
CY2018 ubx Common Stock Issued To Third Parties
CommonStockIssuedToThirdParties
0
CY2020 ubx Non Cash Rent Expense
NonCashRentExpense
1076000
CY2019 ubx Non Cash Rent Expense
NonCashRentExpense
0
CY2018 ubx Non Cash Rent Expense
NonCashRentExpense
0
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2629000
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
502000
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
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4507000
CY2020 ubx Accretion Of Tenant Improvement Allowance
AccretionOfTenantImprovementAllowance
0
CY2019 ubx Accretion Of Tenant Improvement Allowance
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1275000
CY2020 ubx Change In Fair Value Of Contingent Consideration
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-33000
CY2019 ubx Change In Fair Value Of Contingent Consideration
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-1352000
CY2018 ubx Change In Fair Value Of Contingent Consideration
ChangeInFairValueOfContingentConsideration
4542000
CY2020 ubx Increase Decrease In Contribution Receivable
IncreaseDecreaseInContributionReceivable
0
CY2019 ubx Increase Decrease In Contribution Receivable
IncreaseDecreaseInContributionReceivable
0
CY2018 ubx Increase Decrease In Contribution Receivable
IncreaseDecreaseInContributionReceivable
-1382000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
842000
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets
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604000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2228000
CY2018 us-gaap Increase Decrease In Employee Related Liabilities
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1610000
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1446000
CY2020 ubx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
0
CY2019 ubx Increase Decrease In Deferred Rent
IncreaseDecreaseInDeferredRent
2461000
CY2018 ubx Increase Decrease In Deferred Rent
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-93000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-78333000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
138486000
CY2019 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
119270000
CY2018 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
204086000
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
127915000
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
188809000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
133644000
CY2020 ubx Sale Of Strategic Investments
SaleOfStrategicInvestments
6009000
CY2019 ubx Sale Of Strategic Investments
SaleOfStrategicInvestments
0
CY2018 ubx Sale Of Strategic Investments
SaleOfStrategicInvestments
0
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15949000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
0
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
565000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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24550000
CY2020 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0
CY2019 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
0
CY2018 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
500000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
646000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1586000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1264000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5208000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
67953000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-72206000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37270000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26085000
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
374000
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
CY2018 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
360000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
CY2020 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0
CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0
CY2018 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
59881000
CY2020 ubx Proceeds From Issuance Of Common Stock Upon Exercise Of Stock Options Net Of Repurchase Payments
ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsNetOfRepurchasePayments
1510000
CY2019 ubx Proceeds From Issuance Of Common Stock Upon Exercise Of Stock Options Net Of Repurchase Payments
ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsNetOfRepurchasePayments
840000
CY2020 ubx Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
ProceedsFromIssuanceOfCommonStockUnderEmployeeStockPurchasePlan
576000
CY2019 ubx Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
ProceedsFromIssuanceOfCommonStockUnderEmployeeStockPurchasePlan
586000
CY2018 ubx Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
ProceedsFromIssuanceOfCommonStockUnderEmployeeStockPurchasePlan
0
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
79055000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3201000
CY2020 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0
CY2019 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
0
CY2018 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
895000
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
74000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63875000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136930000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-19666000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8101000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19253000
CY2020 ubx Issuance Of Common Stock In Settlement Of Contingent Consideration Milestone
IssuanceOfCommonStockInSettlementOfContingentConsiderationMilestone
1098000
CY2019 ubx Issuance Of Common Stock In Settlement Of Contingent Consideration Milestone
IssuanceOfCommonStockInSettlementOfContingentConsiderationMilestone
0
CY2020 ubx Issuance Of Shares In Settlement Of Share Based Liability
IssuanceOfSharesInSettlementOfShareBasedLiability
100000
CY2019 ubx Issuance Of Shares In Settlement Of Share Based Liability
IssuanceOfSharesInSettlementOfShareBasedLiability
0
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
27714000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2018 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2020 ubx Lessor Funded Lease Incentives Included In Property And Equipment
LessorFundedLeaseIncentivesIncludedInPropertyAndEquipment
0
CY2019 ubx Lessor Funded Lease Incentives Included In Property And Equipment
LessorFundedLeaseIncentivesIncludedInPropertyAndEquipment
10651000
CY2018 ubx Lessor Funded Lease Incentives Included In Property And Equipment
LessorFundedLeaseIncentivesIncludedInPropertyAndEquipment
0
CY2020 ubx Receipt Of Promissory Note For Purchase Of Common Stock
ReceiptOfPromissoryNoteForPurchaseOfCommonStock
0
CY2019 ubx Receipt Of Promissory Note For Purchase Of Common Stock
ReceiptOfPromissoryNoteForPurchaseOfCommonStock
0
CY2018 ubx Receipt Of Promissory Note For Purchase Of Common Stock
ReceiptOfPromissoryNoteForPurchaseOfCommonStock
400000
CY2018 ubx Receipt Of Promissory Note From Related Party To Purchase Common Stock
ReceiptOfPromissoryNoteFromRelatedPartyToPurchaseCommonStock
390000
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-339300000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-93800000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-78300000
CY2020Q4 ubx Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
115600000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company bases its estimates on historical experience and market-specific or other relevant assumptions that it believes are reasonable under the circumstances. The amounts of assets and liabilities reported in the Company’s balance sheets and the amount of expenses and income reported for each of the periods presented are affected by estimates and assumptions, which are used for, but are not limited to, determining the fair value of assets and liabilities, contingent consideration liability, the fair value of right-of-use assets and lease liabilities, and stock-based compensation. Actual results could differ from such estimates or assumptions. </p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17807000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37473000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15399000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1446000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1446000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
550000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19253000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38919000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15949000
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;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 Risk </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash and marketable securities. Substantially all of the Company’s cash and cash equivalents and restricted cash is deposited in accounts with financial institutions that management believes are of high credit quality. Such deposits have and will continue to exceed federally insured limits. The Company maintains its cash with accredited financial institutions and accordingly, such funds are subject to minimal credit risk. The Company has not experienced any losses on its cash deposits. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company’s investment policy limits investments in marketable securities to certain types of securities issued by the U.S. government, its agencies and institutions with investment-grade credit ratings and places restrictions on maturities and concentration by type and issuer. The Company is exposed to credit risk in the event of a default by the financial institutions holding its cash, cash equivalents, restricted cash and marketable securities and issuers of marketable securities to the extent recorded on the balance sheets. As of December 31, 2020, the Company had no off-balance sheet concentrations of credit risk. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company depends on third-party suppliers for key raw materials used in its manufacturing processes and is subject to certain risks related to the loss of these third-party suppliers or their inability to supply the Company with adequate raw materials. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2020, the World Health Organization declared the COVID-19 outbreak a pandemic. To date, the Company’s operations have not been significantly impacted by the COVID-19 pandemic. However, the Company cannot at this time predict the specific extent, duration, or full impact that the COVID-19 pandemic will have on its financial condition and results of operations, including ongoing and planned clinical studies. The impact of the COVID-19 pandemic on the financial performance of the Company will depend on future developments. These developments and the impact of the COVID-19 pandemic on the financial markets and the overall economy are highly uncertain. <span style="color:#000000;">The Company continues to monitor the impact the COVID-19 pandemic may have on the clinical development of its product candidates, including potential delays or modifications to its ongoing and planned studies</span><span style="color:#000000;font-family:Arial;">. </span></p>
CY2020 us-gaap Concentration Risk Credit Risk Financial Instruments Off Balance Sheet Risk
ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRisk
As of December 31, 2020, the Company had no off-balance sheet concentrations of credit risk.
CY2020Q4 ubx Concentration Risk Credit Risk Off Balance Sheet Risk
ConcentrationRiskCreditRiskOffBalanceSheetRisk
0
CY2020Q4 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P3Y
CY2020 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
2600000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
111449000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
124368000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
92000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
124459000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
111443000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
9000
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0
CY2020 ubx Compound Library And Option Agreement Execution Month And Year
CompoundLibraryAndOptionAgreementExecutionMonthAndYear
2016-02
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22369000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22952000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9742000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6316000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12627000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16636000
CY2020 us-gaap Depreciation
Depreciation
3400000
CY2019 us-gaap Depreciation
Depreciation
2700000
CY2018 us-gaap Depreciation
Depreciation
2200000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
371000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
695000
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
6550000
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4995000
CY2019Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
1849000
CY2020Q4 ubx Liability Related To Early Exercise Shares
LiabilityRelatedToEarlyExerciseShares
21000
CY2019Q4 ubx Liability Related To Early Exercise Shares
LiabilityRelatedToEarlyExerciseShares
237000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4520000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0
CY2020Q4 ubx Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
1638000
CY2019Q4 ubx Accrued Research And Development Current
AccruedResearchAndDevelopmentCurrent
2214000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
4721000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
1168000
CY2020 ubx Impairment Of Operating Lease Right Of Use Asset
ImpairmentOfOperatingLeaseRightOfUseAsset
1409000
CY2020 us-gaap Lease Cost
LeaseCost
7298000
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
4500000
CY2018 us-gaap Operating Lease Expense
OperatingLeaseExpense
1800000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
5797000
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6653000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6283000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4810000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4964000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5123000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
22179000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
50012000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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