2020 Form 10-K Financial Statement

#000159075021000029 Filed on March 26, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $1.050M $880.0K $4.461M
YoY Change -76.46% 84.87% -46.8%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $13.27M $2.530M $11.35M
YoY Change 16.92% -6.3% 2.71%
% of Gross Profit
Research & Development $28.30M $8.417M $34.79M
YoY Change -18.65% 2.22% 14.37%
% of Gross Profit
Depreciation & Amortization $200.0K $70.00K $300.0K
YoY Change -33.33% 0.0% 0.0%
% of Gross Profit
Operating Expenses $111.4M $8.417M $46.44M
YoY Change 139.94% 2.22% 11.98%
Operating Profit -$110.4M -$41.98M
YoY Change 162.94% 26.89%
Interest Expense -$340.0K -$50.00K $110.0K
YoY Change -409.09% -135.71% -71.05%
% of Operating Profit
Other Income/Expense, Net $173.0K -$47.00K $941.0K
YoY Change -81.62% -134.56% -24.96%
Pretax Income -$110.7M -$10.12M -$41.87M
YoY Change 164.44% -1.94% 28.04%
Income Tax
% Of Pretax Income
Net Earnings -$110.7M -$10.12M -$41.87M
YoY Change 164.41% -1.93% 28.04%
Net Earnings / Revenue -10544.29% -1149.77% -938.65%
Basic Earnings Per Share -$31.13
Diluted Earnings Per Share -$31.13 -$4.685M -$20.03M
COMMON SHARES
Basic Shares Outstanding 3.557M shares 31.79M shares
Diluted Shares Outstanding 3.557M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.6M $26.80M $26.80M
YoY Change 376.12% -57.12% -57.12%
Cash & Equivalents $45.90M $24.85M $24.80M
Short-Term Investments $81.70M $2.000M $2.000M
Other Short-Term Assets $2.000M $2.800M $2.800M
YoY Change -28.57% -3.45% -3.45%
Inventory
Prepaid Expenses
Receivables $108.0K $100.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $129.6M $29.74M $29.70M
YoY Change 336.36% -54.51% -54.59%
LONG-TERM ASSETS
Property, Plant & Equipment $800.0K $523.0K $500.0K
YoY Change 60.0% -28.06% -28.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $900.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $1.700M $523.0K $600.0K
YoY Change 183.33% -32.69% -14.29%
TOTAL ASSETS
Total Short-Term Assets $129.6M $29.74M $29.70M
Total Long-Term Assets $1.700M $523.0K $600.0K
Total Assets $131.3M $30.26M $30.30M
YoY Change 333.33% -54.25% -54.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $700.0K $1.096M $1.100M
YoY Change -36.36% 91.94% 83.33%
Accrued Expenses $9.700M $5.108M $5.100M
YoY Change 90.2% 32.06% 30.77%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $4.000M $4.000M
YoY Change -100.0% 73.91% 73.91%
Total Short-Term Liabilities $10.70M $10.18M $10.20M
YoY Change 4.9% 51.2% 52.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $4.300M $4.300M
YoY Change -100.0% -46.25% -46.25%
Other Long-Term Liabilities $500.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $500.0K $0.00 $4.300M
YoY Change -88.37% -100.0% -46.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.70M $10.18M $10.20M
Total Long-Term Liabilities $500.0K $0.00 $4.300M
Total Liabilities $11.20M $14.51M $14.50M
YoY Change -22.76% -1.99% -2.03%
SHAREHOLDERS EQUITY
Retained Earnings -$168.2M
YoY Change 33.15%
Common Stock $23.00K
YoY Change -92.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $120.0M $15.75M $15.80M
YoY Change
Total Liabilities & Shareholders Equity $131.3M $30.26M $30.30M
YoY Change 333.33% -54.25% -54.16%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$110.7M -$10.12M -$41.87M
YoY Change 164.41% -1.93% 28.04%
Depreciation, Depletion And Amortization $200.0K $70.00K $300.0K
YoY Change -33.33% 0.0% 0.0%
Cash From Operating Activities -$29.78M -$7.810M -$36.06M
YoY Change -17.41% -4.41% 34.32%
INVESTING ACTIVITIES
Capital Expenditures $42.00K $0.00 $84.00K
YoY Change -50.0% -100.0% -81.12%
Acquisitions
YoY Change
Other Investing Activities $3.000K $7.000M $0.00
YoY Change -23.41% -100.0%
Cash From Investing Activities -$50.48M $7.000M $28.23M
YoY Change -278.85% -22.99% -194.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $2.283M
YoY Change -100.0% -94.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $101.3M 800.0K $70.00K
YoY Change 144630.0% -8100.0% -99.83%
NET CHANGE
Cash From Operating Activities -$29.78M -7.810M -$36.06M
Cash From Investing Activities -$50.48M 7.000M $28.23M
Cash From Financing Activities $101.3M 800.0K $70.00K
Net Change In Cash $21.05M -10.00K -$7.760M
YoY Change -371.28% -101.1% -47.69%
FREE CASH FLOW
Cash From Operating Activities -$29.78M -$7.810M -$36.06M
Capital Expenditures $42.00K $0.00 $84.00K
Free Cash Flow -$29.82M -$7.810M -$36.14M
YoY Change -17.48% -3.7% 32.43%

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CY2019 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2480000 USD
CY2019 us-gaap Repayments Of Notes Payable
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2333000 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1726000 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2020 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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-44000 USD
CY2019 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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101311000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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70000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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21051000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7760000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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24846000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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32606000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45897000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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24846000 USD
CY2020 us-gaap Interest Paid Net
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267000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
511000 USD
CY2020 mgen Amortization Of Stock Issuance Costs
AmortizationOfStockIssuanceCosts
32000 USD
CY2019 mgen Amortization Of Stock Issuance Costs
AmortizationOfStockIssuanceCosts
3000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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-278900000 USD
CY2020Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
127600000 USD
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;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-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s consolidated financial statements are prepared in accordance with U.S. GAAP, which requires it to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on the Company’s knowledge of current events and actions it may take in the future, actual results may ultimately differ from these estimates and assumptions.</span></div>
CY2020 mgen Restructuring And Related Cost Number Of Plan Phases
RestructuringAndRelatedCostNumberOfPlanPhases
2 plan_phase
CY2019 mgen Restructuring And Related Cost Number Of Plan Phases
RestructuringAndRelatedCostNumberOfPlanPhases
2 plan_phase
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, which include short-term investments that have maturities of less than three months. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company has not experienced any losses in such accounts. The Company invests its excess cash primarily in deposits and money market funds held with one financial institution.</span></div>
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3000 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-8000 USD
CY2020 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 USD
CY2019 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0 USD
CY2020 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2020Q1 us-gaap Operating Lease Liability Current
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400000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
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400000 USD
CY2019Q3 mgen Restructuring And Related Cost Number Of Plan Phases
RestructuringAndRelatedCostNumberOfPlanPhases
2 plan_phase
CY2020 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.50
CY2020Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
2400000 USD
CY2020Q4 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
0 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
300000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 mgen Classof Warrantor Right Expired In Period Weighted Average Grant Date Fair Value
ClassofWarrantorRightExpiredInPeriodWeightedAverageGrantDateFairValue
787.50
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
498500 shares
CY2019 us-gaap Restructuring Charges
RestructuringCharges
2000000.0 USD
CY2019Q4 mgen Contract With Customer Asset Incurred But Not Yet Billed
ContractWithCustomerAssetIncurredButNotYetBilled
300000 USD
CY2020Q4 mgen Contract With Customer Asset Incurred But Not Yet Billed
ContractWithCustomerAssetIncurredButNotYetBilled
0 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3752000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3871000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3443000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3348000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
309000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
523000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
200000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
300000 USD
CY2020Q4 mgen Accrued Outsourcing Clinicaland Preclinical Studies
AccruedOutsourcingClinicalandPreclinicalStudies
5400000 USD
CY2019Q4 mgen Accrued Outsourcing Clinicaland Preclinical Studies
AccruedOutsourcingClinicalandPreclinicalStudies
2259000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1963000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
508000 USD
CY2020Q4 mgen Accrued License Agreement Liability
AccruedLicenseAgreementLiability
86000 USD
CY2019Q4 mgen Accrued License Agreement Liability
AccruedLicenseAgreementLiability
0 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
796000 USD
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
254000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
455000 USD
CY2020Q4 mgen Accrued Legal Fees Current
AccruedLegalFeesCurrent
380000 USD
CY2019Q4 mgen Accrued Legal Fees Current
AccruedLegalFeesCurrent
284000 USD
CY2020Q4 mgen Accrued Liabilityof Warrantson Temporary Equity
AccruedLiabilityofWarrantsonTemporaryEquity
100000 USD
CY2019Q4 mgen Accrued Liabilityof Warrantson Temporary Equity
AccruedLiabilityofWarrantsonTemporaryEquity
100000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
1515000 USD
CY2020Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
0 USD
CY2019Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
66000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
523000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
122000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9703000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5108000 USD
CY2020 mgen Lessee Operating Lease Number Of Renewal Terms
LesseeOperatingLeaseNumberOfRenewalTerms
2 renewal_term
CY2020Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P3Y
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
400000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
400000 USD
CY2020Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.06
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12M
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
100000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.06
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P26M
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
500000 USD
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
300000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
300000 USD
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
16.00
CY2020 mgen Operating Leases Operating Expense
OperatingLeasesOperatingExpense
300000 USD
CY2019 mgen Operating Leases Operating Expense
OperatingLeasesOperatingExpense
300000 USD
CY2019Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
170502 shares
CY2020Q4 mgen Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Net
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsNet
498500 shares
CY2019Q4 mgen Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Net
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsNet
3101 shares
CY2019Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
3101 shares
CY2019Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
268.95
CY2020 mgen Classof Warrantor Right Grantsin Period
ClassofWarrantorRightGrantsinPeriod
500000 shares
CY2020 mgen Classof Warrantor Right Exercise Priceof Warrantsor Rights Exercised During Period
ClassofWarrantorRightExercisePriceofWarrantsorRightsExercisedDuringPeriod
16.50
CY2020 mgen Class Of Warrant Or Right Acquired In Merger In Period
ClassOfWarrantOrRightAcquiredInMergerInPeriod
29446 shares
CY2020 mgen Class Of Warrant Or Right Acquired In Merger In Period Weighted Average Grant Date Fair Value
ClassOfWarrantOrRightAcquiredInMergerInPeriodWeightedAverageGrantDateFairValue
0.15
CY2020 mgen Class Of Warrant Or Right Exercised In Period
ClassOfWarrantOrRightExercisedInPeriod
33333 shares
CY2020 mgen Class Of Warrant Or Right Exercised In Period Weighted Average Grant Date Fair Value
ClassOfWarrantOrRightExercisedInPeriodWeightedAverageGrantDateFairValue
16.50
CY2020 mgen Class Of Warrant Or Right Expired In Period
ClassOfWarrantOrRightExpiredInPeriod
714 shares
CY2019 mgen Deferred Tax Asset Valuation Allowance Percent
DeferredTaxAssetValuationAllowancePercent
1
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
16.00
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1033256 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4571288 shares
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3645000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3970000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9600000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y5M1D
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28099000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
236000 shares
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-17200000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.004
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.101
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.013
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.158
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.313
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
-0.129
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.009
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.039
CY2020 mgen Effective Income Tax Rate Reconciliation Section382 Limit Percent
EffectiveIncomeTaxRateReconciliationSection382LimitPercent
-0.249
CY2019 mgen Effective Income Tax Rate Reconciliation Section382 Limit Percent
EffectiveIncomeTaxRateReconciliationSection382LimitPercent
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
22622000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
32792000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
494000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
10812000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
2037000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
829000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1571000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1202000 USD
CY2020Q4 mgen Deferred Tax Assets Tax Deferred Expense Startup Costs
DeferredTaxAssetsTaxDeferredExpenseStartupCosts
2467000 USD
CY2019Q4 mgen Deferred Tax Assets Tax Deferred Expense Startup Costs
DeferredTaxAssetsTaxDeferredExpenseStartupCosts
605000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
29191000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
46240000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29073000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
46240000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
118000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2020Q4 mgen Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
118000 USD
CY2019Q4 mgen Deferred Tax Liabilities Operating Lease Right Of Use Asset
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAsset
0 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
118000 USD
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
104100000 USD
CY2020 mgen Tax Credit Carryforward Limitations On Use Amount
TaxCreditCarryforwardLimitationsOnUseAmount
59000000.0 USD
CY2020 mgen Tax Credit Carryforward Limitations On Use Amount
TaxCreditCarryforwardLimitationsOnUseAmount
59000000.0 USD
CY2020 mgen Tax Credit Carryforward Write Off
TaxCreditCarryforwardWriteOff
15300000 USD
CY2020Q4 mgen Deferred Tax Assets Net Before Valuation Allowance
DeferredTaxAssetsNetBeforeValuationAllowance
29100000 USD
CY2019Q4 mgen Deferred Tax Assets Net Before Valuation Allowance
DeferredTaxAssetsNetBeforeValuationAllowance
46200000 USD
CY2020 mgen Deferred Tax Asset Valuation Allowance Percent
DeferredTaxAssetValuationAllowancePercent
1
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
13100000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD

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