10-Q Filing

KYNTRA BIO, INC. CIK: 921299 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-16-018598`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	fgen-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 58 Comprehensive Income 14

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable from related party	`AccountsReceivableRelatedPartiesCurrent`	$4.46M	USD	Point-in-time
Accounts receivable from related party	`AccountsReceivableRelatedPartiesCurrent`	$3.66M	USD	Point-in-time
Accrued liabilities to related parties	`DueToRelatedPartiesCurrent`	$1.64M	USD	Point-in-time
Accrued liabilities to related parties	`DueToRelatedPartiesCurrent`	$2.04M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$165.46M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.96M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$27.85M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$32.45M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Accounts receivable ($3,662 and $4,455 from a related party)	`AccountsReceivableNetCurrent`	$15.40M	USD	Point-in-time
Accounts receivable ($3,662 and $4,455 from a related party)	`AccountsReceivableNetCurrent`	$5.94M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.99M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$184.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$200.56M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$7.25M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$7.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Long-term investments	`AvailableForSaleSecuritiesNoncurrent`	$131.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.42M	shares	Point-in-time
Long-term investments	`AvailableForSaleSecuritiesNoncurrent`	$122.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	61.98M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$129.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$127.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	61.98M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.42M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.66M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.02M	USD	Point-in-time
Total assets	`Assets`	$470.57M	USD	Point-in-time
Total assets	`Assets`	$442.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.54M	USD	Point-in-time
Accrued liabilities ($1,639 and $2,045 to related parties)	`AccruedLiabilitiesCurrent`	$47.93M	USD	Point-in-time
Accrued liabilities ($1,639 and $2,045 to related parties)	`AccruedLiabilitiesCurrent`	$44.04M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$12.72M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$12.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$67.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.30M	USD	Point-in-time
Long-term portion of lease financing obligations	`LeaseFinancingObligationNoncurrent`	$97.08M	USD	Point-in-time
Long-term portion of lease financing obligations	`LeaseFinancingObligationNoncurrent`	$97.04M	USD	Point-in-time
Product development obligations	`AccruedProductDevelopmentCosts`	$15.09M	USD	Point-in-time
Product development obligations	`AccruedProductDevelopmentCosts`	$15.79M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.70M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$4.58M	USD	Point-in-time
Deferred revenue, net of current	`DeferredRevenueNoncurrent`	$85.13M	USD	Point-in-time
Deferred revenue, net of current	`DeferredRevenueNoncurrent`	$85.33M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$266.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$273.75M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 125,000 shares authorized at March 31, 2016 and December 31, 2015; no shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 125,000 shares authorized at March 31, 2016 and December 31, 2015; no shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 225,000 shares authorized at March 31, 2016 and December 31, 2015; 62,425 and 61,985 shares issued and outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$624.00K	USD	Point-in-time
Common stock, $0.01 par value; 225,000 shares authorized at March 31, 2016 and December 31, 2015; 62,425 and 61,985 shares issued and outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$620.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$586.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$593.93M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-435.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-408.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$177.55M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$156.95M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$19.27M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$19.27M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$196.82M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$176.22M	USD	Point-in-time
Total liabilities, stockholders equity and non-controlling interests	`LiabilitiesAndStockholdersEquity`	$470.57M	USD	Point-in-time
Total liabilities, stockholders equity and non-controlling interests	`LiabilitiesAndStockholdersEquity`	$442.54M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
License and milestone revenue (includes $3,231 and $4,692 from a related party)	`LicenseFeesAndMilestonesRevenue`	$11.51M	USD	1 Quarter
License and milestone revenue (includes $3,231 and $4,692 from a related party)	`LicenseFeesAndMilestonesRevenue`	$19.74M	USD	1 Quarter
Collaboration services and other revenue (includes $344 and $634 from a related party)	`CollaborationServicesAndOtherRevenue`	$8.54M	USD	1 Quarter
Collaboration services and other revenue (includes $344 and $634 from a related party)	`CollaborationServicesAndOtherRevenue`	$4.79M	USD	1 Quarter
Total revenue	`Revenues`	$16.30M	USD	1 Quarter
Total revenue	`Revenues`	$28.28M	USD	1 Quarter
License and milestone revenue from a related party	`LicenseFeesAndMilestonesRevenue`	$11.51M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$43.65M	USD	1 Quarter
License and milestone revenue from a related party	`LicenseFeesAndMilestonesRevenue`	$19.74M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.54M	USD	1 Quarter
Collaboration services and other revenue from a related party	`CollaborationServicesAndOtherRevenue`	$8.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.48M	USD	1 Quarter
Collaboration services and other revenue from a related party	`CollaborationServicesAndOtherRevenue`	$4.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.42M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$61.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$55.07M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-26.79M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-44.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.78M	USD	1 Quarter
Interest income and other, net	`InterestAndOtherIncome`	$843.00K	USD	1 Quarter
Interest income and other, net	`InterestAndOtherIncome`	$1.42M	USD	1 Quarter
Total interest and other, net	`InterestIncomeExpenseNonoperatingNet`	$-1.92M	USD	1 Quarter
Total interest and other, net	`InterestIncomeExpenseNonoperatingNet`	$-1.36M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.15M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-46.64M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-271.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-305.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.37M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.78	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	1 Quarter
Weighted average number of common shares used to calculate net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	59.20M	shares	1 Quarter
Weighted average number of common shares used to calculate net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	62.18M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-27.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.37M	USD	1 Quarter
Depreciation	`Depreciation`	$1.39M	USD	1 Quarter
Depreciation	`Depreciation`	$1.50M	USD	1 Quarter
Amortization of premium on investments	`InvestmentIncomeAmortizationOfPremium`	$768.00K	USD	1 Quarter
Amortization of premium on investments	`InvestmentIncomeAmortizationOfPremium`	$695.00K	USD	1 Quarter
Unrealized foreign exchange gain on short-term investments	`ForeignCurrencyTransactionGainBeforeTax`	$620.00K	USD	1 Quarter
Unrealized foreign exchange gain on short-term investments	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.34M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.45M	USD	1 Quarter
Tax benefit on unrealized gain on available-for-sale securities	`AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss`	$-271.00K	USD	1 Quarter
Tax benefit on unrealized gain on available-for-sale securities	`AvailableForSaleSecuritiesIncomeTaxExpenseOnChangeInUnrealizedHoldingGainOrLoss`	$-339.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.49M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.47M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$780.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$663.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$112.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-358.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.12M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.98M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.05M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.21M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-822.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$190.00K	USD	1 Quarter
Lease financing liability	`IncreaseDecreaseInLeaseFinancingLiability`	$156.00K	USD	1 Quarter
Lease financing liability	`IncreaseDecreaseInLeaseFinancingLiability`	$136.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$80.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$708.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-17.26M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-42.19M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$448.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$898.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$19.00K	USD	1 Quarter
Proceeds from maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$5.98M	USD	1 Quarter
Proceeds from maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$5.00M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$4.55M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.06M	USD	1 Quarter
Repayments of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$101.00K	USD	1 Quarter
Repayments of lease liability	`RepaymentsOfLongTermCapitalLeaseObligations`	$101.00K	USD	1 Quarter
Cash paid for payroll taxes on restricted stock unit releases	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Cash paid for payroll taxes on restricted stock unit releases	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.26M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$721.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.21M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$620.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-149.00K	USD	1 Quarter
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-68.00K	USD	1 Quarter
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-17.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.37M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-37.09M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$153.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$165.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$140.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$153.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$128.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$165.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$140.96M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-27.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.37M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-642.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.71M	USD	1 Quarter
Unrealized gain on investments, net of tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$589.00K	USD	1 Quarter
Unrealized gain on investments, net of tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$711.00K	USD	1 Quarter
Reclassification from accumulated other comprehensive loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$5.00K	USD	1 Quarter
Reclassification from accumulated other comprehensive loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net change in unrealized loss on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$706.00K	USD	1 Quarter
Net change in unrealized loss on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$589.00K	USD	1 Quarter
Other comprehensive income, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$2.41M	USD	1 Quarter
Other comprehensive income, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-53.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-27.89M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-43.96M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.