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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Selected Quarterly Financial Information [Abstract]  
Summary of Unaudited Quarterly Financial Data

The following tables summarize the unaudited quarterly financial data for the last two fiscal years (in thousands, except per share/unit data):

 

 

 

2020

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Revenue

 

$

1,358

 

 

$

1,541

 

 

$

1,746

 

 

$

2,142

 

Operating expenses

 

 

7,508

 

 

 

11,909

 

 

 

13,212

 

 

 

18,435

 

Other income (expense)

 

 

65

 

 

 

(188

)

 

 

27

 

 

 

18

 

Net loss

 

 

(6,085

)

 

 

(10,556

)

 

 

(11,439

)

 

 

(16,275

)

Net loss per share, basic and diluted (1)

 

 

(2.14

)

 

 

(1.23

)

 

 

(0.31

)

 

 

(0.43

)

 

 

 

2019

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Revenue

 

$

 

 

$

224

 

 

$

650

 

 

$

1,445

 

Operating expenses

 

 

2,174

 

 

 

4,129

 

 

 

5,856

 

 

 

7,492

 

Other income (expense)

 

 

(375

)

 

 

(1,211

)

 

 

(1,462

)

 

 

(4,354

)

Net loss

 

 

(2,549

)

 

 

(5,116

)

 

 

(6,668

)

 

 

(10,401

)

Net loss per share/unit, basic and diluted (1)

 

 

(0.97

)

 

 

(1.89

)

 

 

(2.43

)

 

 

(3.75

)

 

(1)

Net loss per share/unit is computed independently for each quarter and the full year based upon respective shares/units outstanding; therefore, the sum of the quarterly net loss per share/unit amounts may not equal the annual amounts reported.