2021 Form 10-K Financial Statement

#000165731222000010 Filed on March 03, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $40.00M $0.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $40.00M
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $33.91M $6.730M $29.77M
YoY Change 13.9% 1718.92% 198.0%
% of Gross Profit 84.77%
Research & Development $79.41M $8.650M $44.51M
YoY Change 78.42% -491.4% 4.92%
% of Gross Profit 198.52%
Depreciation & Amortization $629.0K $30.00K $623.0K
YoY Change 0.96% -81.25% 22.16%
% of Gross Profit 1.57%
Operating Expenses $113.3M $15.38M $74.28M
YoY Change 52.55% -935.87% 41.74%
Operating Profit -$73.31M -$74.28M
YoY Change -1.3% 41.74%
Interest Expense $340.0K $410.0K $35.00K
YoY Change 871.43% -115.07%
% of Operating Profit
Other Income/Expense, Net $17.73M $10.00M $9.277M
YoY Change 91.07% 6.04% -22.13%
Pretax Income -$55.59M -$4.970M -$65.00M
YoY Change -14.48% -158.2% 60.54%
Income Tax -$18.00K $7.400M $146.0K
% Of Pretax Income
Net Earnings -$55.57M -$12.36M -$65.15M
YoY Change -14.7% 921.49% 60.61%
Net Earnings / Revenue -138.92%
Basic Earnings Per Share -$0.12
Diluted Earnings Per Share -$117.4K -$27.18K -$250.0K
COMMON SHARES
Basic Shares Outstanding 473.2M shares
Diluted Shares Outstanding 473.2M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.4M $188.0M $188.0M
YoY Change -21.07% 360.78% 360.78%
Cash & Equivalents $148.4M $188.0M $188.0M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $6.100M $1.720M $6.200M
YoY Change -1.61% -14.89% 67.57%
Inventory
Prepaid Expenses $4.538M
Receivables $0.00
Other Receivables
Total Short-Term Assets $170.1M $202.5M $202.5M
YoY Change -16.02% 272.95% 272.93%
LONG-TERM ASSETS
Property, Plant & Equipment $979.0K $107.0K $1.200M
YoY Change -18.42% 69.84% -14.29%
Goodwill $545.0K
YoY Change -6.84%
Intangibles
YoY Change
Long-Term Investments $15.00M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $16.52M $1.702M $1.700M
YoY Change 872.0% -12.09% -10.53%
TOTAL ASSETS
Total Short-Term Assets $170.1M $202.5M $202.5M
Total Long-Term Assets $16.52M $1.702M $1.700M
Total Assets $186.6M $204.2M $204.2M
YoY Change -8.63% 263.14% 263.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.04M $178.0K $200.0K
YoY Change 4922.0% -90.78% -89.47%
Accrued Expenses $22.90M $10.86M $11.70M
YoY Change 95.76% 21.09% 21.88%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.42M $14.20M $14.20M
YoY Change 135.37% 10.61% 10.94%
LONG-TERM LIABILITIES
Long-Term Debt $4.874M $4.635M $4.600M
YoY Change 5.96%
Other Long-Term Liabilities $286.0K $500.0K $500.0K
YoY Change -42.8% -28.57% -28.57%
Total Long-Term Liabilities $5.160M $5.149M $5.100M
YoY Change 1.18% 689.72% 628.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.42M $14.20M $14.20M
Total Long-Term Liabilities $5.160M $5.149M $5.100M
Total Liabilities $38.58M $19.35M $19.40M
YoY Change 98.88% 43.42% 43.7%
SHAREHOLDERS EQUITY
Retained Earnings -$207.1M
YoY Change 46.04%
Common Stock $31.79M
YoY Change 337.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.700M
YoY Change
Treasury Stock Shares
Shareholders Equity $148.0M $184.9M $184.9M
YoY Change
Total Liabilities & Shareholders Equity $186.6M $204.2M $204.2M
YoY Change -8.63% 263.14% 263.35%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$55.57M -$12.36M -$65.15M
YoY Change -14.7% 921.49% 60.61%
Depreciation, Depletion And Amortization $629.0K $30.00K $623.0K
YoY Change 0.96% -81.25% 22.16%
Cash From Operating Activities -$33.25M -$12.44M -$45.08M
YoY Change -26.23% 6.78% 5.15%
INVESTING ACTIVITIES
Capital Expenditures $12.00K $300.0K $82.00K
YoY Change -85.37% 42.86% 54.72%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.890M $9.790M
YoY Change -100.0% 52.91% -79.33%
Cash From Investing Activities -$12.00K -$2.590M $9.710M
YoY Change -100.12% 53.25% -79.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $733.0K $200.2M
YoY Change -99.63%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$6.117M -46.21M $192.3M
YoY Change -103.18% -12260.53%
NET CHANGE
Cash From Operating Activities -$33.25M -12.44M -$45.08M
Cash From Investing Activities -$12.00K -2.590M $9.710M
Cash From Financing Activities -$6.117M -46.21M $192.3M
Net Change In Cash -$39.61M -61.24M $157.6M
YoY Change -125.14% 372.53% 2938.73%
FREE CASH FLOW
Cash From Operating Activities -$33.25M -$12.44M -$45.08M
Capital Expenditures $12.00K $300.0K $82.00K
Free Cash Flow -$33.27M -$12.74M -$45.16M
YoY Change -26.33% 7.42% 5.21%

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ProceedsFromIssuanceOfCommonStock
733000 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
200156000 USD
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12748000 USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
108000 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6850000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2021 us-gaap Number Of Reportable Segments
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1 segment
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
43000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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192343000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-223000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
581000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-39606000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
157558000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187986000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30428000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148380000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187986000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000 USD
CY2020 us-gaap Income Taxes Paid Net
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8000 USD
CY2021 us-gaap Interest Paid Net
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215000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
7000 USD
CY2021 vrna Number Of Wholly Owned Subsidiaries
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1 subsidiary
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2021 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
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873104 shares
CY2021Q4 us-gaap Sale Of Stock Price Per Share
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0.86
CY2021 us-gaap Sale Of Stock Consideration Received On Transaction
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700000 USD
CY2021 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:110%">Use of estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Significant estimates and assumptions reflected in these consolidated financial statements include, but are not limited to, the accrual and prepayment of research and development expenses, the fair value of share-based compensation, the fair value of warrants and the fair value of the equity interest received under the Nuance Agreement (as defined below). Estimates are periodically reviewed in light of changes in circumstances, facts and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from the Company’s estimates.</span></div>
CY2020Q4 us-gaap Prepaid Expense Current
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4538000 USD
CY2021 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:110%">Concentration of credit risk</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Financial instruments that potentially subject the Company to concentration of credit risk consist of principally cash and cash equivalents, bank deposits and certain receivables. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:110%">The Company holds cash and cash equivalents with highly rated financial institutions and in highly rated money market funds and the Company has not experienced any significant credit losses in these accounts and does not believe the Company is exposed to any significant credit risk on these instruments.</span></div>
CY2021Q4 vrna Prepaid Research And Development Fees Current
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2169000 USD
CY2020Q4 vrna Prepaid Research And Development Fees Current
PrepaidResearchAndDevelopmentFeesCurrent
2551000 USD
CY2021Q4 us-gaap Prepaid Insurance
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1555000 USD
CY2020Q4 us-gaap Prepaid Insurance
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1701000 USD
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313000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
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286000 USD
CY2021Q4 us-gaap Prepaid Expense Current
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4037000 USD
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15583000 USD
CY2020Q4 vrna Research And Development Tax Credit Receivable Current
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8202000 USD
CY2021Q4 us-gaap Income Taxes Receivable
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0 USD
CY2020Q4 us-gaap Income Taxes Receivable
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58000 USD
CY2021Q4 vrna Tax Credit And Income Taxes Receivable Current
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15583000 USD
CY2020Q4 vrna Tax Credit And Income Taxes Receivable Current
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8260000 USD
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P1Y9M18D
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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655000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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276000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
38000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
969000 USD
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35000 USD
CY2021Q4 us-gaap Operating Lease Liability
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934000 USD
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651000 USD
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2149000 USD
CY2021Q4 vrna Accrued Research And Development Fees Current
AccruedResearchAndDevelopmentFeesCurrent
21336000 USD
CY2020Q4 vrna Accrued Research And Development Fees Current
AccruedResearchAndDevelopmentFeesCurrent
8607000 USD
CY2021Q4 vrna Accrued Professional Fees Listing And General Corporate Costs Current
AccruedProfessionalFeesListingAndGeneralCorporateCostsCurrent
919000 USD
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EmployeeRelatedLiabilitiesCurrent
1000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
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107000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
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22256000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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10863000 USD
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31115926 shares
CY2016Q4 vrna Class Of Warrant Or Right Issue Price Of Warrants Or Rights
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1.4365
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
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0.4 shares
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1.7238
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31003155 shares
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12401262 shares
CY2020 vrna Class Of Warrant Or Right Number Of Exercised Or Forfeited
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0 shares
CY2021 vrna Class Of Warrant Or Right Number Of Exercised Or Forfeited
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0 shares
CY2021Q4 vrna Class Of Warrant Or Right Intrinsic Value
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0 USD
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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12401262 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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12401262 shares
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1.7238
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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1.7238
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
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P0Y3M29D
CY2020Q4 us-gaap Warrants And Rights Outstanding Term
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P1Y3M29D
CY2021Q4 vrna Warrant Liability Current
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0 USD
CY2021Q4 vrna Sensitivity Analysis Of Fair Value Warrant Liability Impact Of10 Percent Increase In Volatility Rate
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4000 USD
CY2021Q4 vrna Warrant Liability Fair Value
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0 USD
CY2021Q4 vrna Sensitivity Analysis Of Fair Value Warrant Liability Impact Of10 Percent Decrease In Volatility Rate
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0 USD
CY2020Q4 vrna Warrant Liability Current
WarrantLiabilityCurrent
2246000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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2246000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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1188000 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-2246000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1114000 USD
CY2021 vrna Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Exchange Difference
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignExchangeDifference
0 USD
CY2020 vrna Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Exchange Difference
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignExchangeDifference
22000 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
0 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
-78000 USD
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2246000 USD
CY2020Q4 us-gaap Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
0 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
274000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
315000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4850000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3191000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-60437000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-68191000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-55587000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-65000000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
146000 USD
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
146000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021Q4 us-gaap Income Tax Examination Penalties Accrued
IncomeTaxExaminationPenaltiesAccrued
0 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
146000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.190
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.075
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.089
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.109
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.048
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.026
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.004
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.030
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.059
CY2021 vrna Effective Income Tax Rate Reconciliation Capital Allowances Percent
EffectiveIncomeTaxRateReconciliationCapitalAllowancesPercent
-0.001
CY2020 vrna Effective Income Tax Rate Reconciliation Capital Allowances Percent
EffectiveIncomeTaxRateReconciliationCapitalAllowancesPercent
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2021Q4 vrna Deferred Tax Liabilities Contingent Liability
DeferredTaxLiabilitiesContingentLiability
8903000 USD
CY2020Q4 vrna Deferred Tax Liabilities Contingent Liability
DeferredTaxLiabilitiesContingentLiability
5860000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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8903000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5860000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26931000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
19855000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
7992000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
5631000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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4228000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
10480000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
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4000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
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215000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
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39155000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
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36181000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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30252000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30321000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
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0 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
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0 USD
CY2021Q4 us-gaap Operating Loss Carryforwards
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104300000 USD
CY2020Q4 us-gaap Operating Loss Carryforwards
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95700000 USD
CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
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0 USD
CY2020Q4 us-gaap Income Tax Examination Interest Accrued
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0 USD
CY2021Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0 USD
CY2020 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
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25425000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
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22177000 USD
CY2021Q4 dei Entity Listing Depository Receipt Ratio
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8 Rate
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14179196 shares
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1.53
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2096285 shares
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0.73
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2506017 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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1.53
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
589128 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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1.93
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54664 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0.75
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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13125672 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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1.41
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P7Y3M18D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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914000 USD
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1.06
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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1696000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0.72
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2126472 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12695200 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.38
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
950000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
10177240 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.53
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
553000 USD
CY2021Q4 dei Entity Listing Depository Receipt Ratio
EntityListingDepositoryReceiptRatio
8 Rate
CY2021 vrna Share Based Compensation Arrangement By Share Based Payment Award Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriodGrantDateFairValue
3100000 USD
CY2020 vrna Share Based Compensation Arrangement By Share Based Payment Award Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantsInPeriodGrantDateFairValue
62100000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-65146000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-55569000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-65146000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
16200000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-55569000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-65146000 USD
CY2021 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
473188457 shares
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
262932653 shares
CY2021 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63443814 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
87519294 shares

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