Ocugen, Inc(NASDAQ:OCGN)

Ocugen, Inc., a clinical-stage biopharmaceutical company, focuses on the developing gene therapies to cure blindness diseases. The company's pipeline product includes OCU400, a novel gene therapy product candidate restoring retinal integrity and function across a range of genetically diverse inherit...
Website: http://www.ocugen.com
Founded: 2013
Full Time Employees: 16
CEO / Co-Founder: Shankar Musunuri
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
collaborative arrangement revenue | 1,533,000 | -193,000 | 1,752,000 | 1,373,000 | 1,481,000 | 764,000 | 1,136,000 | 1,141,000 | 1,014,000 | |||||||||||||||||||||||||||||||||||||
total revenue | 1,533,000 | -193,000 | 1,752,000 | 1,373,000 | 1,481,000 | 764,000 | 1,136,000 | 1,141,000 | 1,014,000 | |||||||||||||||||||||||||||||||||||||
yoy | 3.51% | -125.26% | 54.23% | 20.33% | 46.06% | |||||||||||||||||||||||||||||||||||||||||
qoq | -894.30% | -111.02% | 27.60% | -7.29% | 93.85% | -32.75% | -0.44% | 12.52% | ||||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||
research and development | 11,255,000 | 10,669,000 | 11,149,000 | 8,402,000 | 9,529,000 | 8,290,000 | 8,108,000 | 8,902,000 | 6,826,000 | 9,504,000 | 6,342,000 | 14,169,000 | 9,558,000 | 17,213,000 | 15,622,000 | 9,007,000 | 7,915,000 | 7,102,000 | 6,281,000 | 18,853,000 | 2,872,000 | 1,593,718 | 1,477,382 | 1,629,869 | 1,652,318 | 1,746,992 | 1,305,461 | 446,000 | 1,583,000 | 3,327,000 | 4,563,000 | 4,458,000 | 3,286,000 | 3,366,000 | 3,488,000 | 4,208,000 | 4,504,000 | 5,317,000 | 4,880,000 | 5,794,000 | 5,586,000 | 5,773,000 | 5,848,000 | 5,858,000 | 5,764,000 | |
general and administrative | 8,117,000 | 6,133,000 | 8,228,000 | 6,766,000 | 6,453,000 | 6,314,000 | 6,280,000 | 7,688,000 | 6,404,000 | 5,155,000 | 9,082,000 | 9,564,000 | 8,193,000 | 6,937,000 | 7,497,000 | 10,558,000 | 10,119,000 | 7,470,000 | 4,508,000 | 6,757,000 | 4,185,000 | 2,213,652 | 1,704,598 | 1,779,016 | 2,276,784 | 2,532,250 | 1,408,350 | 2,614,000 | 2,929,000 | 2,145,000 | 2,426,000 | 2,826,000 | 2,807,000 | 2,667,000 | 2,225,000 | 2,166,000 | 2,326,000 | 2,389,000 | 1,768,000 | 2,161,000 | 2,212,000 | 2,231,000 | 2,191,000 | 1,735,000 | 2,109,000 | |
total operating expenses | 19,372,000 | 16,802,000 | 19,377,000 | 15,168,000 | 15,982,000 | 14,604,000 | 14,388,000 | 16,590,000 | 13,230,000 | 14,659,000 | 15,424,000 | 23,733,000 | 17,751,000 | 24,150,000 | 23,119,000 | 19,565,000 | 18,034,000 | 14,572,000 | 10,789,000 | 25,610,000 | 7,057,000 | 3,807,370 | 10,181,980 | 3,408,885 | 3,929,102 | 4,279,242 | 2,713,811 | 3,060,000 | 8,051,000 | 9,742,000 | 6,989,000 | 7,284,000 | 6,093,000 | 6,033,000 | 5,713,000 | 6,374,000 | 6,830,000 | 7,906,000 | 6,648,000 | 7,955,000 | 7,798,000 | 8,314,000 | 8,039,000 | 7,593,000 | 7,873,000 | |
income from operations | -17,839,000 | -16,995,000 | -17,625,000 | -13,795,000 | -14,501,000 | -13,840,000 | -13,252,000 | -15,449,000 | -12,216,000 | -8,623,000 | -15,424,000 | -23,733,000 | -17,751,000 | -24,150,000 | -23,119,000 | -19,565,000 | -18,034,000 | -14,572,000 | -10,789,000 | -25,610,000 | -7,057,000 | -3,807,370 | -10,181,980 | -3,366,265 | -3,929,102 | -3,060,000 | -8,051,000 | -9,742,000 | -6,989,000 | -7,284,000 | -6,093,000 | -6,033,000 | -5,713,000 | -6,374,000 | -6,830,000 | -7,906,000 | -6,648,000 | -7,955,000 | -7,798,000 | -8,314,000 | -8,039,000 | -7,593,000 | -7,873,000 | |||
yoy | 23.02% | 22.80% | 33.00% | -10.71% | 18.70% | 60.50% | -14.08% | -34.90% | -31.18% | -64.29% | -33.28% | 21.30% | -1.57% | 65.73% | 114.28% | -23.60% | 155.55% | 282.73% | 5.96% | 660.78% | 79.61% | 10.01% | -51.20% | -57.99% | 32.14% | 61.48% | 22.34% | 14.28% | -10.79% | -23.69% | -14.06% | -19.87% | -12.41% | -4.91% | -17.30% | 4.77% | -0.95% | |||||||||
qoq | 4.97% | -3.57% | 27.76% | -4.87% | 4.78% | 4.44% | -14.22% | 26.47% | 41.67% | -44.09% | -35.01% | 33.70% | -26.50% | 4.46% | 18.17% | 8.49% | 23.76% | 35.06% | -57.87% | 262.90% | 85.35% | -62.61% | 202.47% | -14.32% | -61.99% | -17.36% | 39.39% | -4.05% | 19.55% | 0.99% | 5.60% | -10.37% | -6.68% | -13.61% | 18.92% | -16.43% | 2.01% | -6.21% | 3.42% | 5.87% | -3.56% | |||||
operating margin % | -1163.67% | 8805.70% | -1005.99% | -1004.73% | -979.14% | -1811.52% | -1166.55% | -1353.99% | -1204.73% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
interest income | 132,000 | 144,000 | 207,000 | -1,058,000 | -914,000 | 3,750 | 5,000 | 10,000 | 471 | 42 | 433 | 119 | 107 | 136 | 7,000 | 48,000 | 75,000 | 19,000 | 32,000 | 37,000 | 20,000 | 39,000 | 40,000 | 35,000 | ||||||||||||||||||||||
interest expense | -1,320,000 | -1,332,000 | -1,314,000 | -20,000 | -19,000 | -20,000 | -20,000 | -166,162 | -291,909 | -248,143 | -14,749 | -5,000 | -20,000 | -17,000 | -19,000 | -22,000 | -23,000 | -26,000 | -62,000 | |||||||||||||||||||||||||||
other income | -150,000 | 477,000 | -1,319,000 | 114,000 | 65,000 | -40,000 | 282,000 | 169,000 | 292,000 | -870,000 | 1,262,000 | 808,000 | 1,253,000 | 2,211,000 | 1,197,000 | 94,000 | 15,000 | 26,000 | -4,000 | -332,000 | 182,749 | -87 | 92,000 | -13,000 | -16,000 | -14,000 | -29,000 | |||||||||||||||||||
total other income | -1,338,000 | -711,000 | -2,426,000 | -9,000 | -18,000 | -342,000 | -20,000 | 17,058 | -291,867 | -247,710 | -14,717 | -176,000 | -1,364,000 | 8,924,000 | 17,774,000 | 3,507,000 | -35,000 | -39,000 | -40,000 | -91,000 | ||||||||||||||||||||||||||
net income | -19,177,000 | -17,706,000 | -20,051,000 | -14,739,000 | -15,350,000 | -13,880,000 | -12,970,000 | -15,280,000 | -11,924,000 | -9,493,000 | -14,162,000 | -22,925,000 | -16,498,000 | -21,939,000 | -21,922,000 | -19,471,000 | -3,790,312 | -10,473,847 | -3,613,975 | -3,943,819 | 12,382,067 | -22,773,281 | -3,236,000 | -9,415,000 | -818,000 | 10,785,000 | -3,777,000 | -14,833,000 | -6,796,000 | -5,995,000 | -6,542,000 | -7,081,000 | 9,063,000 | -9,315,000 | -8,038,000 | -7,918,000 | -8,349,000 | -8,078,000 | -7,633,000 | -7,964,000 | ||||||
yoy | 24.93% | 27.56% | 54.60% | -3.54% | 28.73% | 46.21% | -8.42% | -33.35% | -27.72% | -56.73% | -35.40% | 17.74% | -130.61% | -54.01% | 11.68% | -58.11% | -1613.70% | -311.16% | -14.32% | -36.53% | -87.96% | -279.90% | -42.27% | 109.48% | -174.99% | -35.64% | -18.61% | -10.57% | -208.55% | 15.31% | 5.31% | -0.58% | ||||||||||||||
qoq | 8.31% | -11.70% | 36.04% | -3.98% | 10.59% | 7.02% | -15.12% | 28.14% | 25.61% | -32.97% | -38.22% | 38.96% | -24.80% | 0.08% | 12.59% | -63.81% | 189.82% | -8.36% | -131.85% | -154.37% | 603.75% | -65.63% | 1050.98% | -107.58% | -385.54% | -74.54% | 118.26% | 13.36% | -8.36% | -7.61% | -178.13% | -197.29% | 15.89% | 1.52% | -5.16% | 3.35% | 5.83% | -4.16% | ||||||||
net income margin % | -1250.95% | 9174.09% | -1144.46% | -1073.49% | -1036.46% | -1816.75% | -1141.73% | -1339.18% | -1175.94% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | -103,000 | 3,000 | 46,000 | -28,000 | -8,000 | 25,000 | -5,000 | 3,000 | 5,000 | -7,000 | 5,000 | -2,000 | -1,000 | -5,000 | 20,000 | 10,000 | ||||||||||||||||||||||||||||||
comprehensive loss | -19,280,000 | -17,703,000 | -20,005,000 | -14,767,000 | -15,358,000 | -13,855,000 | -12,975,000 | -15,277,000 | -11,919,000 | -9,500,000 | -14,157,000 | -22,928,000 | -16,499,000 | -21,943,000 | -21,902,000 | -19,461,000 | -3,790,312 | -10,473,847 | -3,613,975 | -3,943,819 | 12,382,067 | -22,773,281 | -3,236,000 | -9,415,000 | -3,777,000 | -14,833,000 | -4,904,500 | -5,994,000 | -6,538,000 | -7,087,000 | ||||||||||||||||
net loss attributable to common shareholders— basic and diluted | -19,177,000 | -14,739,000 | -15,350,000 | -13,882,000 | -12,970,000 | |||||||||||||||||||||||||||||||||||||||||
weighted shares used in calculating net loss per common share — basic and diluted | 327,543,855,000 | 300,167,989,000 | 304,003,247,000 | 292,067,192,000 | 291,996,562,000 | 270,995,121,000 | 278,171,593,000 | |||||||||||||||||||||||||||||||||||||||
net income per share | -0.06 | -0.06 | -0.07 | -0.05 | -0.05 | -0.05 | -0.05 | -0.04 | -0.05 | -0.04 | -0.06 | -0.1 | -0.07 | -0.07 | -0.1 | -0.09 | -0.09 | -0.07 | -0.05 | -0.13 | -0.04 | 0.02 | -0.07 | -0.19 | -0.07 | 4.13 | -3.55 | |||||||||||||||||||
other income : | ||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders — basic and diluted | -12,535,000 | -20,051,000 | ||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to series b convertible preferred shareholders — basic and diluted | 2 | |||||||||||||||||||||||||||||||||||||||||||||
weighted shares used in calculating net loss per series b convertible preferred stock — basic and diluted | 54,745 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on marketable securities | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loss — basic and diluted | -15,280,000 | |||||||||||||||||||||||||||||||||||||||||||||
redeemed series b convertible preferred stock | 4,988,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loss available to common shareholders— basic and diluted | -10,292,000 | |||||||||||||||||||||||||||||||||||||||||||||
shares used in calculating net loss per common share — basic and diluted | 257,353,857,000 | 257,232,636,000 | 4,104,390,000 | 256,492,558,000 | 238,311,498,000 | 225,523,627,000 | 1,844,305,000 | 216,591,011,000 | 215,862,977,000 | 205,693,498,000 | 48,399,881,250 | 198,790,980,000 | 195,572,189,000 | 186,298,122,000 | 19,471,953 | 141,591,218 | 83,537,463 | |||||||||||||||||||||||||||||
income before income taxes | -21,939,000 | -21,922,000 | -14,581,000 | -10,807,000 | ||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -52,000 | |||||||||||||||||||||||||||||||||||||||||||||
net loss and comprehensive loss | -18,019,000 | -10,946,000 | -10,755,000 | -25,952,000 | -7,077,000 | |||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||
collaboration revenue | 42,620 | |||||||||||||||||||||||||||||||||||||||||||||
total revenues | 42,620 | |||||||||||||||||||||||||||||||||||||||||||||
in-process research and development | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
deemed dividend related to warrant exchange | -12,546,340 | |||||||||||||||||||||||||||||||||||||||||||||
net loss to common stockholders | -14,581,000 | -10,755,000 | -25,952,000 | -3,790,312 | -10,473,847 | -16,160,315 | ||||||||||||||||||||||||||||||||||||||||
change in fair value of derivative liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
loss on debt conversion | ||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding — basic and diluted | 52,627,228 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding — basic and diluted | 6,411,308 | |||||||||||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||
restructuring charge | ||||||||||||||||||||||||||||||||||||||||||||||
loss due to asset impairment | ||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of lease obligations | -270,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant liability | -5,000 | -1,407,000 | 8,077,000 | 17,776,000 | 3,501,000 | -8,753,000 | -809,000 | -269,000 | -135,000 | -269,000 | 16,968,000 | 539,000 | ||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders—basic and diluted | -3,230,000 | -9,394,000 | -3,697,000 | -14,370,000 | -5,454,000 | -7,918,000 | ||||||||||||||||||||||||||||||||||||||||
net loss per common share—basic and diluted | -30 | -120 | -130 | -520 | -185 | -230 | -250 | -600 | ||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 94,599,601,000 | 80,484,113,000 | 36,398,450,000 | 29,737,632,000 | 28,740,030,000 | 27,670,118,000 | 22,669,819,000 | 22,552,341,000 | 22,183,804,000 | 21,914,001,000 | 14,256,954,000 | 13,297,546,000 | 13,270,433,000 | 13,269,021,000 | 13,231,126,000 | 13,238,997,000 | 13,215,701,000 | 13,201,186,000 | ||||||||||||||||||||||||||||
restructuring | 2,789,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss on asset impairment | 750,000 | |||||||||||||||||||||||||||||||||||||||||||||
other expense | -5,000 | -17,750 | -21,000 | -26,000 | -24,000 | 26,000 | -52,000 | -73,000 | -17,000 | 50,000 | -130,000 | -66,000 | -101,000 | |||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain from available for sale securities | 1,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -1,956,250 | 10,785,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders—basic | -1,914,250 | 10,650,000 | ||||||||||||||||||||||||||||||||||||||||||||
net (loss) attributable to common stockholders—diluted | -5,045,250 | -7,126,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income per common share—basic | -67.5 | 360 | ||||||||||||||||||||||||||||||||||||||||||||
net loss per common share—diluted | -170 | -240 | ||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -8,740,000 | -175,250 | -282,000 | -251,000 | -717,500 | -2,667,000 | -83,000 | -120,000 | ||||||||||||||||||||||||||||||||||||||
unrealized loss from available for sale securities | -6,000 | |||||||||||||||||||||||||||||||||||||||||||||
warrant expense | -44,000 | -3,056,000 | ||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders— basic and diluted | -4,095,000 | -5,080,000 | ||||||||||||||||||||||||||||||||||||||||||||
total other (expense) | -168,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss attributable to common stockholders—basic and diluted | -5,832,000 | -6,299,250 | -9,234,000 | -8,038,000 | -5,918,750 | -8,078,000 | -7,633,000 | |||||||||||||||||||||||||||||||||||||||
loss per common share—basic and diluted | -270 | -475 | -700 | -610 | ||||||||||||||||||||||||||||||||||||||||||
other expense: | ||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant liability, other liability and net sales distribution payment liability | ||||||||||||||||||||||||||||||||||||||||||||||
loss per common share—basic and diluted: | -447.5 | -610 | -580 | |||||||||||||||||||||||||||||||||||||||||||
loss attributable to common stockholders — basic and diluted | -7,964,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss per common share — basic and diluted: | -600 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||
cash | 31,855,000 | 18,571,000 | 32,565,000 | 27,013,000 | 37,800,000 | 58,514,000 | 38,696,000 | |||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 6,696,000 | 5,769,000 | 5,074,000 | 5,870,000 | 6,164,000 | 3,168,000 | 1,977,000 | 2,920,000 | 3,623,000 | 3,509,000 | 3,081,000 | 2,874,000 | 7,680,000 | 7,558,000 | 5,895,000 | 7,564,000 | 8,256,000 | 2,700,000 | 1,113,000 | 996,000 | 1,576,000 | 1,838,357 | 652,893 | 924,500 | 1,169,297 | 1,322,167 | 517,562 | 414,000 | 764,000 | 858,000 | 825,000 | 881,000 | 858,000 | 194,000 | 258,000 | 304,000 | 296,000 | 173,000 | 201,000 | 350,000 | 466,000 | 321,000 | 365,000 | 897,000 | 829,000 | 796,000 |
total current assets | 38,551,000 | 24,340,000 | 37,639,000 | 32,883,000 | 43,964,000 | 61,682,000 | 40,673,000 | 18,617,000 | 29,998,000 | 42,971,000 | 56,558,000 | 73,452,000 | 84,401,000 | 98,492,000 | 107,497,000 | 122,569,000 | 138,027,000 | 102,646,000 | 113,450,000 | 121,626,000 | 51,356,000 | 25,877,682 | 19,758,723 | 22,892,661 | 11,362,485 | 15,766,219 | 22,818,644 | 3,200,000 | 8,140,000 | 16,400,000 | 6,017,000 | 9,653,000 | 16,365,000 | 8,175,000 | 12,877,000 | 18,844,000 | 24,670,000 | 32,081,000 | 38,195,000 | 16,276,000 | 23,363,000 | 31,236,000 | 38,088,000 | 46,119,000 | 54,010,000 | 58,856,000 |
property and equipment | 13,830,000 | 14,392,000 | 14,946,000 | 15,445,000 | 15,989,000 | 16,554,000 | 17,130,000 | 17,474,000 | 17,654,000 | 17,290,000 | 14,469,000 | 11,720,000 | 7,952,000 | 6,053,000 | 4,517,000 | 3,153,000 | 1,921,000 | 1,164,000 | 1,052,000 | 944,000 | 762,000 | 632,967 | 214,100 | 232,354 | 248,997 | 222,464 | 213,229 | 135,000 | 141,000 | 4,352,000 | 5,173,000 | 4,448,000 | 2,723,000 | 2,814,000 | 3,146,000 | 3,503,000 | 3,860,000 | 4,263,000 | 4,665,000 | 4,815,000 | 5,213,000 | 5,513,000 | 5,428,000 | 5,422,000 | 4,878,000 | |
restricted cash | 318,000 | 316,000 | 314,000 | 312,000 | 309,000 | 307,000 | 305,000 | 302,000 | 151,000 | 151,000 | 151,000 | 151,000 | 151,000 | 151,226 | 151,196 | 151,157 | 151,100 | 151,016 | 150,910 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 137,000 | 604,000 | 604,000 | |||||||||
other assets | 4,206,000 | 4,468,000 | 4,697,000 | 4,954,000 | 4,198,000 | 3,899,000 | 3,828,000 | 4,149,000 | 4,142,000 | 4,286,000 | 3,660,000 | 3,804,000 | 3,946,000 | 4,087,000 | 4,225,000 | 4,366,000 | 1,628,000 | 1,800,000 | 1,659,000 | 1,530,000 | 1,578,000 | 714,477 | 415,555 | 482,711 | 551,163 | 667,747 | 436,094 | 750,000 | ||||||||||||||||||
total assets | 56,905,000 | 43,516,000 | 57,596,000 | 53,594,000 | 64,460,000 | 82,442,000 | 61,936,000 | 40,542,000 | 51,794,000 | 64,547,000 | 74,687,000 | 88,976,000 | 96,299,000 | 108,632,000 | 116,239,000 | 130,088,000 | 141,727,000 | 105,761,000 | 116,312,000 | 124,251,000 | 53,847,000 | 27,376,352 | 20,539,574 | 23,758,883 | 12,313,745 | 16,807,446 | 23,618,877 | 3,200,000 | 14,838,000 | 17,428,000 | 10,881,000 | 15,151,000 | 21,325,000 | 11,035,000 | 15,828,000 | 22,127,000 | 28,310,000 | 36,078,000 | 42,795,000 | 21,278,000 | 28,515,000 | 36,786,000 | 45,301,000 | 53,238,000 | 61,580,000 | 65,499,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 3,241,000 | 6,202,000 | 4,574,000 | 4,237,000 | 3,224,000 | 4,243,000 | 1,494,000 | 3,391,000 | 1,731,000 | 3,172,000 | 2,921,000 | 3,881,000 | 8,092,000 | 8,062,000 | 6,460,000 | 5,921,000 | 3,896,000 | 2,312,000 | 2,095,000 | 802,000 | 1,040,000 | 395,034 | 222,340 | 507,864 | 1,548,309 | 1,895,613 | 5,791,298 | 538,000 | 1,100,000 | 1,590,000 | 1,690,000 | 2,207,000 | 1,362,000 | 776,000 | 827,000 | 1,618,000 | 1,887,000 | 1,588,000 | 1,665,000 | 1,769,000 | 1,713,000 | 2,253,000 | 2,001,000 | 2,337,000 | 3,293,000 | 4,886,000 |
accrued expenses and other current liabilities | 11,612,000 | 14,733,000 | 14,932,000 | 12,899,000 | 12,926,000 | 15,500,000 | 12,475,000 | 12,814,000 | 12,434,000 | 13,343,000 | 6,399,000 | 7,787,000 | 5,823,000 | 9,900,000 | 4,325,000 | 3,962,000 | 3,870,000 | 2,703,000 | ||||||||||||||||||||||||||||
operating lease obligations | 850,000 | 858,000 | 855,000 | 853,000 | 736,000 | 519,000 | 477,000 | 461,000 | 589,000 | 574,000 | 540,000 | 526,000 | 512,000 | 498,000 | 443,000 | 314,000 | 254,000 | 363,000 | ||||||||||||||||||||||||||||
current portion of long-term debt | 5,005,000 | |||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 20,708,000 | 23,043,000 | 20,361,000 | 17,989,000 | 16,886,000 | 21,588,000 | 15,762,000 | 17,972,000 | 16,050,000 | 17,089,000 | 11,136,000 | 13,460,000 | 15,683,000 | 18,460,000 | 14,907,000 | 10,338,000 | 7,687,000 | 7,000,000 | 6,229,000 | 4,840,000 | 4,281,000 | 3,613,551 | 4,130,787 | 7,041,353 | 3,314,998 | 4,543,959 | 35,412,756 | 2,873,000 | 8,943,000 | 11,657,000 | 8,420,000 | 3,805,000 | 2,914,000 | 3,827,000 | 3,895,000 | 5,171,000 | 7,209,000 | 6,721,000 | 5,975,000 | 6,359,000 | 6,690,000 | 6,687,000 | 7,499,000 | 8,251,000 | ||
non-current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
operating lease obligations, less current portion | 3,252,000 | 3,494,000 | 3,709,000 | 3,945,000 | 3,418,000 | 3,313,000 | 3,419,000 | 3,546,000 | 3,414,000 | 3,567,000 | 3,164,000 | 3,308,000 | 3,449,000 | 3,587,000 | 3,764,000 | 3,892,000 | 1,180,000 | 1,231,000 | ||||||||||||||||||||||||||||
long term debt | 24,189,000 | 27,542,000 | 28,400,000 | 28,025,000 | 27,669,000 | 27,345,000 | 1,571,000 | 1,552,000 | 1,533,000 | 2,800,000 | 1,495,000 | 1,472,000 | 1,058,000 | 2,289,000 | 2,265,000 | 1,750,000 | 1,731,000 | 1,712,000 | 1,693,000 | 1,674,000 | 1,702,000 | 1,823,043 | 1,944,396 | 2,018,926 | 1,580,560 | 1,072,123 | 1,058,191 | |||||||||||||||||||
other non-current liabilities | 2,951,000 | 1,603,000 | 1,593,000 | 583,000 | 573,000 | 564,000 | 554,000 | 545,000 | 536,000 | 527,000 | 497,000 | 455,000 | 309,000 | 244,000 | 3,940 | 9,755 | ||||||||||||||||||||||||||||||
total non-current liabilities | 30,392,000 | 32,639,000 | 33,702,000 | 32,553,000 | 31,660,000 | 31,222,000 | 5,544,000 | 5,643,000 | 5,483,000 | 6,894,000 | 5,156,000 | 5,235,000 | 4,816,000 | 6,120,000 | 6,029,000 | 5,642,000 | 2,911,000 | 2,943,000 | 2,973,000 | 3,002,000 | 3,077,000 | 2,212,360 | 1,987,142 | 2,094,503 | 1,701,642 | 1,245,076 | 1,299,383 | |||||||||||||||||||
total liabilities | 51,100,000 | 55,682,000 | 54,063,000 | 50,542,000 | 48,546,000 | 52,810,000 | 21,306,000 | 23,615,000 | 21,533,000 | 23,983,000 | 16,292,000 | 18,695,000 | 20,499,000 | 24,580,000 | 20,936,000 | 15,980,000 | 10,598,000 | 9,943,000 | 9,202,000 | 7,842,000 | 7,358,000 | 5,825,911 | 6,117,929 | 9,135,856 | 5,016,640 | 5,789,035 | 36,712,139 | 11,931,000 | 20,370,000 | 17,886,000 | 20,557,000 | 38,589,000 | 41,395,000 | 22,303,000 | 20,641,000 | 21,321,000 | 21,338,000 | 22,511,000 | 38,759,000 | 8,389,000 | 7,923,000 | 8,588,000 | 9,125,000 | 9,373,000 | 10,356,000 | 11,293,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
preferred stock; 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
common stock; 0.01 par value... | 3,384,000 | 3,125,000 | 3,125,000 | 2,924,000 | 2,922,000 | 2,915,000 | 2,904,000 | 2,576,000 | 2,575,000 | 2,567,000 | 2,566,000 | 2,566,000 | 2,265,000 | 2,217,000 | 2,168,000 | 2,163,000 | 2,158,000 | 1,995,000 | 1,990,000 | 1,988,000 | 1,883,000 | 1,841,334 | 1,621,480 | 1,351,281 | ||||||||||||||||||||||
treasury stock | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -48,000 | -47,864 | -47,864 | -47,864 | -47,864 | -47,864 | ||||||||||||||||||||
additional paid-in capital | 429,549,000 | 392,763,000 | 390,759,000 | 370,474,000 | 368,571,000 | 366,938,000 | 364,092,000 | 327,742,000 | 325,799,000 | 324,191,000 | 322,452,000 | 320,181,000 | 303,073,000 | 294,874,000 | 284,231,000 | 281,139,000 | 278,704,000 | 225,537,000 | 222,253,000 | 220,799,000 | 125,032,000 | 93,058,748 | 82,359,494 | 72,357,228 | 62,241,145 | 62,018,632 | 50,668,493 | 219,911,000 | 219,874,000 | 215,859,000 | 206,115,000 | 203,173,000 | 202,764,000 | 196,760,000 | 196,419,000 | 196,045,000 | 195,673,000 | 195,181,000 | 194,713,000 | 194,277,000 | 193,942,000 | 193,631,000 | 193,260,000 | 192,871,000 | 192,597,000 | 187,620,000 |
accumulated other comprehensive income | 164,000 | 61,000 | 58,000 | 12,000 | 40,000 | 48,000 | 23,000 | 28,000 | 25,000 | 20,000 | 27,000 | 22,000 | 25,000 | 26,000 | 30,000 | 10,000 | ||||||||||||||||||||||||||||||
accumulated deficit | -427,244,000 | -408,067,000 | -390,361,000 | -370,310,000 | -355,571,000 | -340,221,000 | -326,341,000 | -313,371,000 | -298,091,000 | -286,167,000 | -266,603,000 | -252,441,000 | -229,516,000 | -213,018,000 | -191,079,000 | -169,157,000 | -149,686,000 | -131,667,000 | -117,086,000 | -106,331,000 | -80,379,000 | -73,301,777 | -69,511,465 | -59,037,618 | -55,423,643 | -51,479,824 | -229,481,000 | -226,245,000 | -216,830,000 | -216,012,000 | -226,797,000 | -223,020,000 | -208,187,000 | -201,391,000 | -195,396,000 | -188,854,000 | -181,773,000 | -190,836,000 | -181,521,000 | -173,483,000 | -165,565,000 | -157,216,000 | -149,138,000 | -141,505,000 | -133,541,000 | |
total stockholders' equity | 5,805,000 | -12,166,000 | 3,533,000 | 3,052,000 | 15,914,000 | 29,632,000 | 40,630,000 | 16,927,000 | 30,261,000 | 40,564,000 | 58,395,000 | 70,281,000 | 75,800,000 | 84,052,000 | 95,303,000 | 114,108,000 | 131,129,000 | |||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 56,905,000 | 43,516,000 | 57,596,000 | 53,594,000 | 64,460,000 | 82,442,000 | 61,936,000 | 40,542,000 | 51,794,000 | 64,547,000 | 74,687,000 | 88,976,000 | 96,299,000 | 108,632,000 | 116,239,000 | 130,088,000 | 141,727,000 | |||||||||||||||||||||||||||||
current portion of long term debt | 1,250,000 | 1,326,000 | 1,316,000 | 1,306,000 | 1,296,000 | 1,276,000 | 1,266,000 | 1,256,000 | ||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock; zero shares issued and outstanding at december 31, 2025 and 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock; zero shares issued and outstanding at december 31, 2024 and 54,745 issued and outstanding at december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock; 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock; zero shares issued and outstanding at september 30, 2024 and 54,745 shares issued and outstanding at december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 15,697,000 | 26,375,000 | 39,462,000 | 53,477,000 | 70,578,000 | 68,259,000 | 77,563,000 | 101,602,000 | 115,005,000 | 129,771,000 | 94,958,000 | 107,349,000 | 115,642,000 | 44,792,000 | 24,039,325 | 19,105,830 | 14,968,161 | 3,193,188 | 7,444,052 | 15,301,082 | 2,786,000 | 7,376,000 | 15,542,000 | 5,192,000 | 8,772,000 | 15,507,000 | 7,081,000 | 10,798,000 | 10,562,000 | 16,374,000 | 31,908,000 | 37,994,000 | 15,926,000 | 22,897,000 | 30,915,000 | 37,723,000 | 45,222,000 | 53,181,000 | 58,060,000 | |||||||
series b; zero shares issued and outstanding at june 30, 2024 and 54,745 shares issued and outstanding at december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
series a; zero shares issued and outstanding at march 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 shares issued and outstanding at march 31, 2024 and december 31, 2023 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 8,462,000 | 13,371,000 | 900,000 | 1,821,000 | 7,978,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||
series a; zero shares issued and outstanding at december 31, 2023 and 2022, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 issued and outstanding at december 31, 2023 and 2022 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; zero shares issued and outstanding at september 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 shares issued and outstanding at september 30, 2023 and december 31, 2022 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; zero shares issued and outstanding at june 30, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 shares issued and outstanding at june 30, 2023 and december 31, 2022 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; zero shares issued and outstanding at march 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 shares issued and outstanding at march 31, 2023 and december 31, 2022 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; zero and seven issued and outstanding at december 31, 2022 and 2021, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 issued and outstanding at december 31, 2022 and 2021 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 8,004,000 | 4,103,000 | 3,537,000 | 2,930,395 | 2,333,733 | 2,084,915 | 1,383,658 | 2,270,045 | 1,301,304 | 253,000 | 99,000 | 1,000,000 | 1,973,000 | 1,672,000 | 1,738,000 | 2,705,000 | 1,518,000 | 1,394,000 | 995,000 | 2,097,000 | 1,484,000 | 1,274,000 | 981,000 | 1,444,000 | 2,449,000 | 2,093,000 | 1,896,000 | 1,683,000 | ||||||||||||||||||
series a; zero and seven shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 shares issued and outstanding at september 30, 2022 and december 31, 2021 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; zero and seven shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 shares issued and outstanding at june 30, 2022 and december 31, 2021 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; seven issued and outstanding at march 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 issued and outstanding at march 31, 2022 and december 31, 2021 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
advance for covaxin supply | 4,988,000 | 4,988,000 | 4,988,000 | 4,988,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
short-term debt | 374,000 | 234,119 | 1,210,645 | 4,068,176 | ||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
series a; seven issued and outstanding at december 31, 2021 and 2020 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 and zero issued and outstanding at december 31, 2021 and 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 95,818,000 | 107,110,000 | 116,409,000 | 46,489,000 | 21,550,441 | 14,421,645 | 14,623,027 | 7,297,105 | 11,018,411 | -458,000 | -23,438,000 | -20,070,000 | -11,268,000 | -4,813,000 | 806,000 | 6,972,000 | 13,567,000 | 4,036,000 | 12,889,000 | 20,592,000 | 28,198,000 | 36,176,000 | 43,865,000 | 51,224,000 | 54,206,000 | |||||||||||||||||||||
total liabilities and stockholders’ equity | 105,761,000 | 116,312,000 | 124,251,000 | 53,847,000 | 27,376,352 | 20,539,574 | 23,758,883 | 12,313,745 | 16,807,446 | 17,428,000 | 15,151,000 | 21,325,000 | 11,035,000 | 15,828,000 | 22,127,000 | 28,310,000 | 36,078,000 | 42,795,000 | 21,278,000 | 28,515,000 | 36,786,000 | 45,301,000 | 53,238,000 | 61,580,000 | ||||||||||||||||||||||
operating lease obligation | 172,000 | 168,000 | 164,000 | 44,248 | 164,808 | 175,538 | 176,616 | 172,310 | 151,530 | |||||||||||||||||||||||||||||||||||||
operating lease obligation, less current portion | 1,280,000 | 1,328,000 | 1,375,000 | 389,317 | 42,746 | 75,577 | 117,142 | 163,198 | 223,853 | |||||||||||||||||||||||||||||||||||||
series a; seven issued and outstanding at september 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 and zero issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; seven issued and outstanding at june 30, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 and zero issued and outstanding at june 30, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a; seven issued and outstanding at march 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||
series b; 54,745 and zero issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
asset held for sale | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 9,755 | 199,261 | 204,860 | 206,415 | 205,991 | |||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 527,467 | 527,467 | 839,000 | 839,000 | 513,000 | 221,000 | 186,000 | 186,000 | 159,000 | 159,000 | 159,000 | 159,000 | 159,000 | 159,000 | 133,000 | 133,000 | 132,000 | 132,000 | 132,000 | 132,000 | 127,000 | |||||||||||||||||||||||||
derivative liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
financing lease obligation | 19,838 | |||||||||||||||||||||||||||||||||||||||||||||
short-term warrant liability | 27,964,986 | |||||||||||||||||||||||||||||||||||||||||||||
deferred grant proceeds | 183,800 | |||||||||||||||||||||||||||||||||||||||||||||
deferred rent | 351,000 | |||||||||||||||||||||||||||||||||||||||||||||
financing lease obligation, less current portion | 17,339 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||
common stock | 100,136 | |||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -8,731,000 | -5,532,000 | -9,676,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 23,618,877 | 3,200,000 | 14,838,000 | 10,881,000 | ||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||
other assets, long-term | 6,426,000 | 375,000 | 188,000 | 375,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
current portion of deferred rent | 45,000 | 42,000 | 40,000 | 37,000 | 35,000 | 60,000 | 86,000 | 110,000 | 136,000 | 133,000 | 131,000 | 128,000 | 126,000 | 225,000 | 223,000 | 224,000 | 219,000 | |||||||||||||||||||||||||||||
current portion of deferred lease incentive | 238,000 | 238,000 | 238,000 | 238,000 | 111,000 | 185,000 | 259,000 | 333,000 | 407,000 | 407,000 | 407,000 | 407,000 | 407,000 | 379,000 | 407,000 | 514,000 | 407,000 | |||||||||||||||||||||||||||||
total current liabilities: | 791,000 | 2,317,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued expenses due to intrexon corporation | 1,125,000 | 1,125,000 | 1,125,000 | 3,040,000 | 3,040,000 | 3,040,000 | 3,040,000 | 3,040,000 | 3,040,000 | 3,040,000 | 2,802,000 | 2,288,000 | 1,903,000 | |||||||||||||||||||||||||||||||||
deferred revenue | 10,000,000 | 10,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred rent, net of current portion | 334,000 | 317,000 | 299,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred lease incentive, net of current portion | 1,085,000 | 1,144,000 | 1,204,000 | |||||||||||||||||||||||||||||||||||||||||||
warrant liability | 15,000 | 10,000 | 2,512,000 | 2,155,000 | 19,931,000 | 23,432,000 | 14,679,000 | 13,871,000 | 13,601,000 | 13,467,000 | 13,197,000 | 30,165,000 | ||||||||||||||||||||||||||||||||||
convertible preferred stock and stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||||
accrued lease liability – current portion | 1,118,000 | |||||||||||||||||||||||||||||||||||||||||||||
accrued lease liability – long-term | 6,918,000 | |||||||||||||||||||||||||||||||||||||||||||||
current portion of equipment loan | 45,000 | 178,000 | 324,000 | 470,000 | 570,000 | 583,000 | 583,000 | 583,000 | 583,000 | 583,000 | 583,000 | 583,000 | 538,000 | 405,000 | ||||||||||||||||||||||||||||||||
deferred lease incentive | 1,025,000 | |||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
current portion of deferred revenue | 5,000,000 | 7,500,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred revenue, net of current portion | 5,000,000 | 2,500,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts payable due to intrexon corporation | 360,000 | 135,000 | 269,000 | 260,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred rent, long-term | 280,000 | 289,000 | 298,000 | 308,000 | 315,000 | 349,000 | 384,000 | 418,000 | 451,000 | 381,000 | 413,000 | 445,000 | 379,000 | |||||||||||||||||||||||||||||||||
deferred lease incentive, long-term | 499,000 | 527,000 | 555,000 | 583,000 | 610,000 | 712,000 | 814,000 | 915,000 | 1,017,000 | 1,147,000 | 1,220,000 | 1,213,000 | 1,318,000 | |||||||||||||||||||||||||||||||||
equipment loan, long-term | 45,000 | 178,000 | 324,000 | 470,000 | 615,000 | 761,000 | 907,000 | 1,053,000 | 1,199,000 | 1,345,000 | ||||||||||||||||||||||||||||||||||||
convertible preferred stock and stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -2,000 | -6,000 | ||||||||||||||||||||||||||||||||||||||||||||
intangible asset | 200,000 | 200,000 | 200,000 | 200,000 | 510,000 | 510,000 | 510,000 | 510,000 | ||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
noncurrent deferred tax assets | 1,053,000 | 1,044,000 | 1,034,000 | 651,000 | ||||||||||||||||||||||||||||||||||||||||||
accrued expenses due to intrexon | 1,546,000 | |||||||||||||||||||||||||||||||||||||||||||||
noncurrent deferred tax liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 1,053,000 | 1,044,000 | 1,034,000 | 651,000 | ||||||||||||||||||||||||||||||||||||||||||
initial public offering costs | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible redeemable preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
net sales distribution payment liability | ||||||||||||||||||||||||||||||||||||||||||||||
other liability | ||||||||||||||||||||||||||||||||||||||||||||||
convertible redeemable preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible redeemable preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
series a-1 convertible redeemable preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible redeemable preferred stock and stockholders’ equity | 65,499,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||
net loss | -19,177,000 | -17,706,000 | -20,051,000 | -14,739,000 | -15,350,000 | -13,880,000 | -12,970,000 | -15,280,000 | -11,924,000 | -9,493,000 | -14,162,000 | -22,925,000 | -16,498,000 | -21,939,000 | -21,922,000 | -19,471,000 | -18,019,000 | -14,581,000 | -10,755,000 | -25,952,000 | -7,077,000 | -3,790,312 | -10,473,847 | -3,613,975 | -3,943,819 | 12,382,067 | -19,973,697 | -3,236,000 | -9,415,000 | -818,000 | 10,785,000 | -3,777,000 | -14,833,000 | -6,796,000 | -5,995,000 | -6,542,000 | -7,081,000 | 9,063,000 | -9,315,000 | -8,038,000 | -7,918,000 | -8,349,000 | -8,078,000 | -7,633,000 | -7,964,000 |
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 590,000 | -397,000 | 950,000 | 927,000 | 909,000 | 598,000 | 613,000 | 578,000 | 179,000 | 179,000 | 177,000 | 174,000 | 174,000 | 173,000 | 141,000 | 90,000 | 76,000 | ||||||||||||||||||||||||||||
amortization of debt issuance cost | 377,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 29,000 | 30,000 | 28,000 | 29,000 | 29,000 | 33,000 | 30,000 | 24,000 | 25,000 | 20,000 | 19,000 | 19,000 | 19,000 | 19,000 | 20,000 | 20,000 | 166,162 | 291,909 | 248,143 | 14,749 | 14,975 | |||||||||||||||||||
non-cash lease expense | 323,000 | 326,000 | 324,000 | 323,000 | 297,000 | 222,000 | 405,000 | 89,000 | 140,000 | 137,000 | 136,000 | 134,000 | 131,000 | 130,000 | 129,000 | 155,000 | 179,000 | 160,000 | 66,000 | 66,000 | 68,000 | 46,477 | 47,555 | 47,696 | 47,696 | ||||||||||||||||||||
non-cash expense from collaborative arrangements | -698,000 | 222,000 | -918,000 | -1,098,000 | -668,000 | -4,151,000 | 832,000 | 913,000 | |||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 3,398,000 | 2,002,000 | 1,975,000 | 1,845,000 | 1,885,000 | 1,876,000 | 1,892,000 | 1,898,000 | 1,761,000 | 1,722,000 | 2,174,000 | 2,632,000 | 2,689,000 | 2,668,000 | 2,495,000 | 2,079,000 | 3,299,000 | 2,683,000 | 1,347,000 | 2,095,000 | 833,000 | 162,305 | 126,290 | 149,209 | 222,513 | 164,075 | |||||||||||||||||||
other | 10,000 | 1,010,000 | 9,000 | 10,000 | 10,000 | 9,000 | 9,000 | 10,000 | 9,000 | -333,000 | -60,000 | 87,000 | 352,000 | 1,152,000 | |||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -927,000 | -694,000 | 795,000 | 294,000 | -3,002,000 | -1,340,000 | 1,134,000 | 684,000 | -117,000 | -428,000 | -440,000 | 632,000 | -60,000 | 292,000 | 94,000 | -33,000 | 56,000 | -23,000 | -664,000 | 64,000 | 46,000 | -9,000 | -122,000 | 28,000 | 149,000 | 116,000 | -145,000 | 44,000 | 532,000 | -68,000 | -33,000 | ||||||||||||||
accounts payable and accrued expenses | -5,398,000 | 1,206,000 | 3,289,000 | 2,084,000 | -3,268,000 | 2,089,000 | 2,161,000 | 1,333,000 | -1,446,000 | -2,284,000 | -1,434,000 | -3,841,000 | -4,784,000 | 2,895,000 | 3,748,000 | 2,713,000 | 131,000 | 573,000 | 1,442,000 | 1,078,000 | 405,000 | 592,245 | 86,795 | 5,966 | -1,225,853 | -3,673,849 | |||||||||||||||||||
lease obligations | -317,000 | -401,000 | -195,000 | -216,000 | -395,000 | -83,000 | -139,000 | -135,000 | -130,000 | -127,000 | -125,000 | -122,000 | 4,000 | -89,000 | -176,000 | -175,000 | -61,000 | -61,000 | -69,000 | -51,655 | -47,916 | -48,056 | -47,862 | ||||||||||||||||||||||
net cash from operating activities | -21,794,000 | -13,961,000 | -12,916,000 | -10,730,000 | -19,357,000 | -10,364,000 | -11,272,000 | -9,911,000 | -10,595,000 | -11,302,000 | -13,706,000 | -18,806,000 | -18,240,000 | -16,914,000 | -14,302,000 | -13,797,000 | -15,066,000 | -12,804,000 | -8,053,000 | -21,801,000 | -5,283,000 | -4,282,277 | -2,653,847 | -3,086,183 | -4,686,423 | -3,057,000 | -8,492,000 | -6,938,000 | -6,912,000 | -5,213,000 | 3,286,000 | -4,319,000 | -5,727,000 | -5,629,000 | -7,345,000 | -5,893,000 | -5,459,000 | -6,543,000 | -7,841,000 | -6,997,000 | -6,882,000 | -7,466,000 | -8,689,000 | ||
capital expenditures | -6,000 | -35,000 | -91,000 | -43,000 | -16,000 | -13,000 | -507,000 | -513,000 | -2,352,000 | -2,722,000 | -3,365,000 | -2,777,000 | -1,612,000 | -2,024,000 | 0 | -1,366,000 | -223,000 | -192,000 | -223,000 | -263,000 | -261,000 | -251,337 | -21,030 | 18,195 | -52,653 | 0 | -73,000 | -7,000 | -1,530,000 | -350,000 | -144,000 | -57,000 | -38,000 | -37,000 | -3,000 | -3,000 | -282,000 | -32,000 | -131,000 | -498,000 | -405,000 | -915,000 | |||
free cash flows | -21,800,000 | -13,996,000 | -13,007,000 | -10,773,000 | -19,373,000 | -10,377,000 | -11,779,000 | -10,424,000 | -12,947,000 | -14,024,000 | -17,071,000 | -21,583,000 | -19,852,000 | -18,938,000 | -14,302,000 | -15,163,000 | -15,289,000 | -12,996,000 | -8,276,000 | -22,064,000 | -5,544,000 | -4,533,614 | -2,674,877 | -3,067,988 | -4,739,076 | -3,057,000 | -7,011,000 | -6,919,000 | -6,743,000 | 2,936,000 | -4,463,000 | -5,784,000 | -5,667,000 | -7,382,000 | -5,896,000 | -5,462,000 | -6,825,000 | -7,873,000 | -7,128,000 | -7,380,000 | -7,871,000 | -9,604,000 | |||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -6,000 | -35,000 | -91,000 | -43,000 | -16,000 | -13,000 | -507,000 | -513,000 | -2,352,000 | -2,722,000 | -3,365,000 | -2,777,000 | -1,612,000 | -2,024,000 | -73,000 | 794,000 | -1,479,000 | -1,255,000 | -144,000 | -57,000 | -38,000 | -37,000 | -3,000 | -3,000 | -282,000 | -32,000 | -131,000 | -498,000 | -405,000 | -915,000 | |||||||||||||||
payment of long term deposits | -86,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -6,000 | -35,000 | -86,000 | -88,000 | -102,000 | -13,000 | -507,000 | -513,000 | -2,352,000 | -2,722,000 | -3,365,000 | 5,723,000 | 3,441,000 | -15,295,000 | -83,000 | -1,366,000 | -223,000 | -192,000 | -350,000 | -1,013,000 | -261,000 | -251,337 | -21,030 | 18,195 | -52,653 | -73,000 | 794,000 | -1,479,000 | -355,000 | 747,000 | 6,104,000 | -38,000 | -8,043,000 | -3,000 | -3,000 | -282,000 | -32,000 | -131,000 | -498,000 | -405,000 | -915,000 | ||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 22,500,000 | 981,000 | 37,675,000 | 45,000 | -145,000 | 16,000 | 98,000 | 14,959,000 | 5,731,000 | 8,369,000 | 612,000 | 409,000 | 50,177,000 | 605,000 | 110,000 | 100,371,000 | 28,125,000 | 11,129,648 | 10,532,138 | ||||||||||||||||||||||||||
proceeds from issuance of common stock upon exercise of warrants | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of equity awards | 88,000 | ||||||||||||||||||||||||||||||||||||||||||||
payment of equity issuance costs | -1,779,000 | 0 | 0 | -133,000 | -49,000 | -173,000 | -251,000 | -98,000 | -125,000 | -75,000 | 0 | 0 | -6,703,000 | -1,822,000 | -393,816 | -491,038 | |||||||||||||||||||||||||||||
payment of warrant issuance costs | -825,000 | ||||||||||||||||||||||||||||||||||||||||||||
payment of eb-5 loan | 0 | 0 | 0 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 34,984,000 | 2,000 | 18,510,000 | 61,000 | -1,245,000 | 30,172,000 | 34,786,000 | 45,000 | -145,000 | 16,000 | -35,000 | 15,404,000 | 5,496,000 | 8,175,000 | 962,000 | 236,000 | 50,102,000 | 605,000 | 110,000 | 93,664,000 | 26,297,000 | 9,467,139 | 6,812,585 | 14,843,018 | 488,296 | 907,587 | 25,612,868 | -1,780,000 | 326,000 | 17,361,000 | 2,538,000 | -43,000 | 5,495,000 | -145,000 | -141,000 | -145,000 | -146,000 | -190,000 | 27,530,000 | -146,000 | -145,000 | -147,000 | -119,000 | -88,000 | 4,725,000 |
effect of changes in exchange rate on cash and restricted cash | 102,000 | 3,000 | 46,000 | -28,000 | -8,000 | 25,000 | |||||||||||||||||||||||||||||||||||||||
net increase in cash and restricted cash | 13,286,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash at beginning of period | 18,887,000 | 0 | 0 | 0 | 58,821,000 | 0 | |||||||||||||||||||||||||||||||||||||||
cash and restricted cash at end of period | 32,173,000 | -13,992,000 | 5,554,000 | -10,784,000 | 38,109,000 | 19,820,000 | |||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing transactions: | |||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets related to operating leases | |||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
payment of security deposits | 0 | 5,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 0 | 0 | 0 | 0 | 0 | 421,415 | 500,000 | ||||||||||||||||||||||||||||||||||||||
payments of debt issuance costs | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | |||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock and warrants | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and restricted cash | 5,554,000 | ||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock reacquisition | |||||||||||||||||||||||||||||||||||||||||||||
right-of-use asset related to operating leases | -37,000 | 0 | 0 | 926,000 | 107,263 | ||||||||||||||||||||||||||||||||||||||||
payments from issuance of common stock | 61,000 | -245,000 | |||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and restricted cash | -20,712,000 | 19,820,000 | |||||||||||||||||||||||||||||||||||||||||||
right-of-use assets | 428,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization on marketable securities | 0 | 0 | -39,000 | -143,000 | |||||||||||||||||||||||||||||||||||||||||
non-cash income from collaborative arrangements | |||||||||||||||||||||||||||||||||||||||||||||
impairment of advance for covaxin supply | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets related to covaxin | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
purchases of marketable securities | 0 | 0 | 0 | -3,947,000 | 0 | 2,000 | 0 | -8,006,000 | |||||||||||||||||||||||||||||||||||||
proceeds from the maturities of marketable securities | 0 | 8,500,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||
repayment of note receivable | 0 | ||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | -6,000 | -62,000 | -5,740 | |||||||||||||||||||||||||||||||||||||||||
effect of changes in exchange rate on cash, cash equivalents, and restricted cash | -1,000 | -5,000 | 20,000 | ||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 0 | 0 | 77,563,000 | 0 | 0 | 0 | 95,109,000 | 0 | 0 | 0 | 24,190,000 | |||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 68,259,000 | -24,039,000 | -13,403,000 | -14,917,000 | 129,922,000 | -12,391,000 | -8,293,000 | 70,850,000 | 44,943,000 | ||||||||||||||||||||||||||||||||||||
equity issuance costs | -2,000 | 71,000 | 108,000 | -20,971 | 0 | ||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock redemption | |||||||||||||||||||||||||||||||||||||||||||||
effect of changes in exchange rate on cash and cash equivalents | 5,000 | -7,000 | 5,000 | ||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and cash equivalents | -13,087,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 39,462,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 26,375,000 | -14,015,000 | -17,101,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of marketable securities | 0 | 0 | 0 | 900,000 | 891,000 | ||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -17,101,000 | -3,717,000 | -6,086,000 | ||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -9,304,000 | -24,039,000 | -13,403,000 | -14,917,000 | 34,813,000 | -12,391,000 | -8,293,000 | 70,850,000 | 20,753,000 | ||||||||||||||||||||||||||||||||||||
income tax benefit | 0 | ||||||||||||||||||||||||||||||||||||||||||||
gain on forgiveness of paycheck protection program note | |||||||||||||||||||||||||||||||||||||||||||||
impairment on note receivable | 0 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||
other assets | 0 | 0 | -261,946 | ||||||||||||||||||||||||||||||||||||||||||
asset acquisition | |||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
financing lease principal payments | 0 | 0 | -4,000 | -6,000 | -5,964 | -5,964 | -5,964 | -5,964 | |||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 1,756,000 | 707,000 | -575,000 | -120,000 | 472,000 | 493,000 | 295,562 | 270,966 | 227,870 | ||||||||||||||||||||||||||||||||||||
tax payments for net share settlement of restricted stock units | -9,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -1,366,000 | -223,000 | -192,000 | -223,000 | -263,000 | -261,000 | -251,337 | -21,030 | 18,195 | -52,653 | |||||||||||||||||||||||||||||||||||
series b convertible preferred stock issuance | 0 | 4,988,000 | |||||||||||||||||||||||||||||||||||||||||||
exercise of warrants | |||||||||||||||||||||||||||||||||||||||||||||
forgiveness of paycheck protection program note | |||||||||||||||||||||||||||||||||||||||||||||
in-process research and development expense | 0 | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivative liability | -16,709,246 | ||||||||||||||||||||||||||||||||||||||||||||
loss on debt conversion | |||||||||||||||||||||||||||||||||||||||||||||
gain on forgiveness of ppp note | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
other non-cash | -183,800 | 0 | |||||||||||||||||||||||||||||||||||||||||||
payments for asset acquisitions | |||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from pre-merger financing | |||||||||||||||||||||||||||||||||||||||||||||
repayments of debt | -1,262,729 | -3,222,551 | |||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 58,000 | 49,000 | 44,000 | 44,545 | 19,805 | 19,477 | 18,283 | 25,982 | |||||||||||||||||||||||||||||||||||||
forgiveness of ppp note | |||||||||||||||||||||||||||||||||||||||||||||
issuance of warrant exchange promissory notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
obligation settled with common stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash transactions: | |||||||||||||||||||||||||||||||||||||||||||||
payment of reverse asset acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 4,933,525 | 4,137,708 | -7,856,924 | ||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 0 | 7,595,068 | 0 | ||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 4,933,525 | 4,137,708 | 11,775,030 | 3,344,288 | -7,856,924 | ||||||||||||||||||||||||||||||||||||||||
conversion of convertible notes | -12,719,893 | ||||||||||||||||||||||||||||||||||||||||||||
reverse asset acquisition costs | -458,636 | ||||||||||||||||||||||||||||||||||||||||||||
effect of changes in exchange rate on cash | |||||||||||||||||||||||||||||||||||||||||||||
deferred transaction costs | |||||||||||||||||||||||||||||||||||||||||||||
deferred equity issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -4,250,780 | ||||||||||||||||||||||||||||||||||||||||||||
deferred rent | |||||||||||||||||||||||||||||||||||||||||||||
purchase of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||
payment of asset acquisition costs | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock for pre-merger financing | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock subscription | 168 | ||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for warrant exercises | |||||||||||||||||||||||||||||||||||||||||||||
payments on financing leases | |||||||||||||||||||||||||||||||||||||||||||||
purchase of fixed assets by entering into capital lease | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible debt | |||||||||||||||||||||||||||||||||||||||||||||
repayment of convertible debt | |||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible promissory note | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||||
loss on asset impairment | 0 | 750,000 | |||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of lease obligations | |||||||||||||||||||||||||||||||||||||||||||||
loss on sale of fixed assets | |||||||||||||||||||||||||||||||||||||||||||||
deferred rent and lease incentive | -40,000 | -40,000 | -39,000 | 853,000 | -136,000 | -137,000 | -136,000 | -134,000 | -133,000 | -135,000 | -132,000 | -133,000 | -131,000 | -131,000 | -133,000 | 73,000 | |||||||||||||||||||||||||||||
stock-based compensation | 37,000 | 107,000 | 376,000 | 439,000 | 407,000 | 403,000 | 340,000 | 369,000 | 372,000 | 492,000 | 468,000 | 433,000 | 336,000 | 311,000 | 374,000 | 362,000 | 257,000 | 235,000 | |||||||||||||||||||||||||||
change in fair value of warrant liability | 5,000 | 1,407,000 | |||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
other assets and accrued lease obligations | -153,000 | -49,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts payable | -560,000 | -491,000 | -172,000 | -570,000 | 845,000 | 586,000 | -88,000 | -791,000 | -269,000 | 299,000 | -77,000 | -103,000 | 56,000 | -311,000 | 252,000 | -336,000 | -956,000 | -1,593,000 | |||||||||||||||||||||||||||
accrued expenses | 154,000 | -901,000 | -973,000 | 339,000 | 538,000 | -1,609,000 | 1,102,000 | 125,000 | 400,000 | -1,103,000 | 613,000 | 210,000 | 293,000 | -463,000 | -998,000 | 356,000 | 197,000 | 213,000 | |||||||||||||||||||||||||||
deferred revenue | 0 | 0 | 0 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed assets | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
payment to extinguish lease obligations | |||||||||||||||||||||||||||||||||||||||||||||
repayments on equipment term loan | 0 | 0 | -45,000 | -133,000 | -146,000 | -146,000 | -145,000 | -146,000 | -146,000 | -146,000 | -145,000 | -146,000 | |||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | 2,432,000 | 0 | 5,732,000 | ||||||||||||||||||||||||||||||||||||||||||
expenses incurred for at-the-market sales agreement of common stock | 0 | -106,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrants | 0 | 326,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 0 | 2,000 | 1,000 | 0 | 1,000 | |||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | -4,727,000 | -8,166,000 | -6,735,000 | 8,426,000 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash—beginning of period | 0 | 15,679,000 | 0 | 0 | 7,218,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash—end of period | -4,727,000 | 7,513,000 | -3,580,000 | -6,735,000 | 15,644,000 | ||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets: | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | -4,590,000 | 7,376,000 | |||||||||||||||||||||||||||||||||||||||||||
restricted cash | 137,000 | ||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash at the end of period | -4,727,000 | 7,513,000 | |||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures from investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment in accounts payable and accrued expenses | -801,000 | -51,000 | 905,000 | ||||||||||||||||||||||||||||||||||||||||||
depreciation | 6,000 | 86,000 | 42,000 | 150,000 | 172,000 | 356,000 | 389,000 | 395,000 | 394,000 | 406,000 | 405,000 | 432,000 | 430,000 | 432,000 | 414,000 | 397,000 | 371,000 | ||||||||||||||||||||||||||||
right-of-use assets and lease liability recorded upon adoption of asc 842 | 6,635,000 | ||||||||||||||||||||||||||||||||||||||||||||
public offering costs in accounts payable | 106,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of discount of investments | 30,000 | -2,000 | 25,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||
warrant expense | -3,000 | -1,000 | |||||||||||||||||||||||||||||||||||||||||||
change in warrant liability | |||||||||||||||||||||||||||||||||||||||||||||
loss due to asset impairment | |||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of liability due to intrexon corporation | |||||||||||||||||||||||||||||||||||||||||||||
other long term assets | |||||||||||||||||||||||||||||||||||||||||||||
accounts payable due to intrexon corporation | 0 | 0 | 0 | -360,000 | 225,000 | -134,000 | 9,000 | 31,000 | |||||||||||||||||||||||||||||||||||||
accrued expenses due to intrexon corporation | 238,000 | 514,000 | 385,000 | 357,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and warrants | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash —beginning of period | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash —end of period | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash items: | |||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment in accounts payable | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant | -17,776,000 | -3,501,000 | 8,753,000 | 809,000 | 269,000 | 135,000 | 269,000 | -16,968,000 | |||||||||||||||||||||||||||||||||||||
other assets, long-term | -187,000 | 187,000 | -375,000 | ||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||
public offering costs in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible asset | |||||||||||||||||||||||||||||||||||||||||||||
warrant expense in connection with private placement | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, preferred stock, and warrants in connection with private placement, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 0 | 0 | 0 | 31,908,000 | 0 | 0 | 0 | 30,915,000 | 467,000 | 0 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | -3,717,000 | 236,000 | -5,812,000 | 16,374,000 | -6,086,000 | 22,068,000 | -6,971,000 | 22,897,000 | -6,808,000 | -7,499,000 | |||||||||||||||||||||||||||||||||||
fair market value of private placement warrants at issuance | 0 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, preferred stock and warrants, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -5,812,000 | -15,534,000 | -6,971,000 | -8,018,000 | -7,499,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from overallotment, net of issuance costs of 377 | 4,738,000 | ||||||||||||||||||||||||||||||||||||||||||||
other non-current assets | 0 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash consulting expense | 9,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-cash up front fee for note payable to intrexon, including interest | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of liabilities | |||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | |||||||||||||||||||||||||||||||||||||||||||||
accrued expenses due to intrexon | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from ipo, net of underwriters’ fee of 4,550 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from overallotment, net of issuance costs | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from bridge financing | |||||||||||||||||||||||||||||||||||||||||||||
borrowings under equipment term loan | |||||||||||||||||||||||||||||||||||||||||||||
payment on equipment term loan | -146,000 | -146,000 | -101,000 | -13,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of series a-1 preferred stock, net of issuance costs of 73 | |||||||||||||||||||||||||||||||||||||||||||||
costs associated with initial public offering | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of common stock options | -1,000 | 27,000 | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock into common stock upon closing of ipo | |||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible notes payable and accrued interest into common stock upon closing of ipo | |||||||||||||||||||||||||||||||||||||||||||||
conversion of warrants, net settled, into common stock upon closing of ipo | |||||||||||||||||||||||||||||||||||||||||||||
settlement of other liability into common stock upon closing of ipo | |||||||||||||||||||||||||||||||||||||||||||||
ipo closing costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||||||||||||
warrant issued in connection with an equipment term loan | |||||||||||||||||||||||||||||||||||||||||||||
issuance of a note payable to intrexon as consideration for license rights | |||||||||||||||||||||||||||||||||||||||||||||
extinguishment of net sales distribution payment liability redemption feature | |||||||||||||||||||||||||||||||||||||||||||||
adjustment to fair value of series a-1 preferred stock related to the third closing | |||||||||||||||||||||||||||||||||||||||||||||
non-cash consideration for licensed technology | |||||||||||||||||||||||||||||||||||||||||||||
issuance of series a-1 preferred stock, net of cash issuance costs of 73 | |||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | -4,879,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | 58,060,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of period | 53,181,000 | ||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and intangible asset | |||||||||||||||||||||||||||||||||||||||||||||
loss on sale of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing activities | |||||||||||||||||||||||||||||||||||||||||||||
accretion of dividends and redemption value on convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||
extinguishment of series a preferred stock |
