XML 16 R5.htm IDEA: XBRL DOCUMENT v3.23.1
Unaudited Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Common stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Noncontrolling interests
Total
Beginning balance (in shares) at Dec. 31, 2021           8,700,885
Beginning balance at Dec. 31, 2021           $ 107,808
Ending balance (in shares) at Mar. 31, 2022           8,700,885
Ending balance at Mar. 31, 2022           $ 107,808
Beginning balance (in shares) at Dec. 31, 2021 2,059,072          
Beginning balance at Dec. 31, 2021 $ 2 $ 816   $ (96,997) $ 14,395 (81,784)
Stockholders' Equity (Deficit)            
Exercise of stock options (in shares) 2,572          
Stock-based compensation   89       89
Unrealized loss on marketable securities     $ (158)     (158)
Net loss       (11,312)   (11,312)
Ending balance (in shares) at Mar. 31, 2022 2,061,644          
Ending balance at Mar. 31, 2022 $ 2 905 (158) (108,309) 14,395 $ (93,165)
Beginning balance (in shares) at Dec. 31, 2022           8,700,885
Beginning balance at Dec. 31, 2022           $ 107,808
Convertible preferred stock            
Conversion of convertible preferred stock and non-controlling interests to common stock (in shares)           (8,700,885)
Conversion of convertible preferred stock and non-controlling interests to common stock           $ (107,808)
Beginning balance (in shares) at Dec. 31, 2022 2,217,737          
Beginning balance at Dec. 31, 2022 $ 2 1,197 (41) (158,223) 14,395 (142,670)
Stockholders' Equity (Deficit)            
Stock-based compensation   265       265
Unrealized loss on marketable securities     177     177
Issuance of common stock for cash in pre-closing financing (in shares) 3,730,608          
Issuance of common stock for cash in pre-closing financing $ 4 30,636       30,640
Issuance of common stock upon settlement of convertible promissory note, accrued interest, and related derivative liability (in shares) 5,059,338          
Issuance of common stock upon settlement of convertible promissory note, accrued interest, and related derivative liability $ 5 42,442       42,447
Issuance of common stock to Sesen Bio shareholders in reverse capitalization (in shares) 10,374,272          
Issuance of common stock to Sesen Bio shareholders in reverse capitalization $ 10 72,034       72,044
Conversion of convertible preferred stock and non-controlling interests to common stock (in shares) 18,872,711          
Conversion of convertible preferred stock and non-controlling interests to common stock $ 19 122,185     $ (14,395) 107,809
Net loss       (24,642)   (24,642)
Ending balance (in shares) at Mar. 31, 2023 40,254,666          
Ending balance at Mar. 31, 2023 $ 40 $ 268,759 $ 136 $ (182,865)   $ 86,070