- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Common stocks reflected in the condensed balance sheets (Details) - USD ($)	12 Months Ended	15 Months Ended
	Jun. 30, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Common stock subject to possible redemption		$ 143,086,271	$ 143,086,271	$ 93,929,920	$ 86,394,680	$ 80,397,819	$ 106,884,111
LifeSci Acquisition II Corp
Gross proceeds	$ 80,090,410	80,090,410
Common stock issuance costs	1,858,498	(1,858,498)
Accretion of carrying value to redemption value	1,858,498	1,858,498
Common stock subject to possible redemption	$ 80,090,410	$ 80,090,410