XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 100,875,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 39,554,000us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
Restricted cash 50,000us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 50,000us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue [1]
Receivables from related parties   278,000us-gaap_AccountsReceivableRelatedPartiesCurrent [1]
Notes receivable from related parties   107,000us-gaap_NotesReceivableRelatedPartiesCurrent [1]
Prepaid assets 17,950,000us-gaap_PrepaidExpenseCurrent 5,688,000us-gaap_PrepaidExpenseCurrent [1]
Total current assets 118,875,000us-gaap_AssetsCurrent 45,677,000us-gaap_AssetsCurrent [1]
Property and equipment, net 3,680,000us-gaap_PropertyPlantAndEquipmentNet 1,743,000us-gaap_PropertyPlantAndEquipmentNet [1]
Intangible assets 2,620,000us-gaap_IntangibleAssetsNetExcludingGoodwill  
Goodwill 943,000us-gaap_Goodwill  
Other assets 3,064,000us-gaap_OtherAssetsNoncurrent 27,000us-gaap_OtherAssetsNoncurrent [1]
Total assets 129,182,000us-gaap_Assets 47,447,000us-gaap_Assets [1]
Liabilities, Convertible Preferred Stock and Stockholders’ Deficit    
Accounts payable 4,411,000us-gaap_AccountsPayableCurrent 3,302,000us-gaap_AccountsPayableCurrent [1]
Accounts payable - related parties 4,963,000us-gaap_AccountsPayableRelatedPartiesCurrent 383,000us-gaap_AccountsPayableRelatedPartiesCurrent [1]
Accrued and other liabilities 7,801,000us-gaap_AccruedLiabilitiesAndOtherLiabilities 7,279,000us-gaap_AccruedLiabilitiesAndOtherLiabilities [1]
Deferred revenue, current 25,176,000us-gaap_DeferredRevenueCurrent 14,283,000us-gaap_DeferredRevenueCurrent [1]
Convertible notes   1,111,000us-gaap_ConvertibleNotesPayableCurrent [1]
Convertible notes - related parties   3,092,000us-gaap_NotesPayableRelatedPartiesClassifiedCurrent [1]
Contingent consideration 3,430,000us-gaap_BusinessCombinationContingentConsiderationLiabilityCurrent  
Convertible preferred stock warrant liability 2,296,000us-gaap_FinancialLiabilitiesFairValueDisclosure 24,251,000us-gaap_FinancialLiabilitiesFairValueDisclosure [1]
Total current liabilities 48,077,000us-gaap_LiabilitiesCurrent 53,701,000us-gaap_LiabilitiesCurrent [1]
Deferred revenue, non-current 43,526,000us-gaap_DeferredRevenueNoncurrent 28,567,000us-gaap_DeferredRevenueNoncurrent [1]
Contingent liability to collaborator 27,650,000chrs_CollaborationAgreementContingentLiabilityNoncurrent 7,500,000chrs_CollaborationAgreementContingentLiabilityNoncurrent [1]
Contingent consideration, non-current 620,000us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent  
Other liabilities, non-current 130,000us-gaap_OtherLiabilitiesNoncurrent 61,000us-gaap_OtherLiabilitiesNoncurrent [1]
Total liabilities 120,003,000us-gaap_Liabilities 89,829,000us-gaap_Liabilities [1]
Commitments and contingencies (Note 8)       [1]
Convertible preferred stock 161,164,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent 54,695,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent
Stockholders’ deficit:    
Common stock, $0.0001 par value; Shares authorized: 57,000,000 and 46,598,700 share at September 30, 2014 and December 31, 2013, respectively; Shares issued and outstanding: 4,624,432 and 4,837,715 shares at September 30, 2014 and December 31, 2013, respectively 1,000us-gaap_CommonStockValue 1,000us-gaap_CommonStockValue [1]
Additional paid-in capital 5,888,000us-gaap_AdditionalPaidInCapital 2,514,000us-gaap_AdditionalPaidInCapital [1]
Accumulated other comprehensive loss (128,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax  
Accumulated deficit (157,591,000)us-gaap_RetainedEarningsAccumulatedDeficit (99,592,000)us-gaap_RetainedEarningsAccumulatedDeficit [1]
Total Coherus stockholders' deficit (151,830,000)us-gaap_StockholdersEquity (97,077,000)us-gaap_StockholdersEquity [1]
Non-controlling interest (155,000)us-gaap_MinorityInterest  
Total stockholders' deficit (151,985,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest (97,077,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1]
Total liabilities, convertible preferred stock and stockholders’ deficit 129,182,000us-gaap_LiabilitiesAndStockholdersEquity 47,447,000us-gaap_LiabilitiesAndStockholdersEquity [1]
Series A Convertible Preferred Stock    
Liabilities, Convertible Preferred Stock and Stockholders’ Deficit    
Convertible preferred stock 1,191,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent
/ us-gaap_StatementClassOfStockAxis
= chrs_ConvertibleSeriesAPreferredStockMember
1,191,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent
/ us-gaap_StatementClassOfStockAxis
= chrs_ConvertibleSeriesAPreferredStockMember
[1]
Series B Convertible Preferred Stock    
Liabilities, Convertible Preferred Stock and Stockholders’ Deficit    
Convertible preferred stock 94,630,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent
/ us-gaap_StatementClassOfStockAxis
= chrs_ConvertibleSeriesBPreferredStockMember
53,504,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent
/ us-gaap_StatementClassOfStockAxis
= chrs_ConvertibleSeriesBPreferredStockMember
[1]
Series C Convertible Preferred Stock    
Liabilities, Convertible Preferred Stock and Stockholders’ Deficit    
Convertible preferred stock $ 65,343,000us-gaap_TemporaryEquityCarryingAmountAttributableToParent
/ us-gaap_StatementClassOfStockAxis
= chrs_ConvertibleSeriesCPreferredStockMember
 
[1] Amounts have been derived from the December 31, 2013 audited financial statements included in the Company’s registration statement on Form S-1 (No. 333-198906) filed with the Securities and Exchange Commission on November 6, 2014