10-Q Filing

KYNTRA BIO, INC. CIK: 921299 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-012411`
Period End Date	20180331
Filing Date	20180509
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	fgen-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 30 Cash Flow Statement 64 Comprehensive Income 14

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable from related party	`AccountsReceivableRelatedPartiesCurrent`	$4.00M	USD	Point-in-time
Accounts receivable from related party	`AccountsReceivableRelatedPartiesCurrent`	$4.45M	USD	Point-in-time
Accrued liabilities to related party	`DueToRelatedPartiesCurrent`	$592.00K	USD	Point-in-time
Accrued liabilities to related party	`DueToRelatedPartiesCurrent`	$272.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$170.60M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$659.01M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$673.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$173.78M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$44.76M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	125.00M	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$62.06M	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
Accounts receivable ($4,452 and $4,004 from a related party)	`AccountsReceivableNetCurrent`	$8.45M	USD	Point-in-time
Accounts receivable ($4,452 and $4,004 from a related party)	`AccountsReceivableNetCurrent`	$9.97M	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`	$4.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.42M	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
Total current assets	`AssetsCurrent`	$717.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$748.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Restricted time deposits	`RestrictedTimeDepositsNoncurrent`	$5.18M	USD	Point-in-time
Restricted time deposits	`RestrictedTimeDepositsNoncurrent`	$5.18M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	83.42M	shares	Point-in-time
Long-term investments	`AvailableForSaleSecuritiesNoncurrent`	$10.51M	USD	Point-in-time
Long-term investments	`AvailableForSaleSecuritiesNoncurrent`	$10.51M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	83.42M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$129.48M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$129.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.52M	USD	Point-in-time
Total assets	`Assets`	$898.65M	USD	Point-in-time
Total assets	`Assets`	$867.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.51M	USD	Point-in-time
Accrued liabilities ($592 and $272 to a related party)	`AccruedLiabilitiesCurrent`	$63.78M	USD	Point-in-time
Accrued liabilities ($592 and $272 to a related party)	`AccruedLiabilitiesCurrent`	$62.86M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$16.93M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$16.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$83.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.96M	USD	Point-in-time
Long-term portion of lease financing obligations	`FinanceLeaseLiabilityNoncurrent`	$97.62M	USD	Point-in-time
Long-term portion of lease financing obligations	`FinanceLeaseLiabilityNoncurrent`	$97.76M	USD	Point-in-time
Product development obligations	`AccruedProductDevelopmentCosts`	$17.82M	USD	Point-in-time
Product development obligations	`AccruedProductDevelopmentCosts`	$17.24M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.66M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$3.50M	USD	Point-in-time
Deferred revenue, net of current	`DeferredRevenueNoncurrent`	$138.24M	USD	Point-in-time
Deferred revenue, net of current	`DeferredRevenueNoncurrent`	$137.97M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.56M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$348.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$350.91M	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; no shares issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 125,000 shares authorized; no shares issued and outstanding at March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 225,000 shares authorized at March 31, 2018 and December 31, 2017; 83,421 and 82,498 shares issued and outstanding at March 31, 2018 and December 31, 2017	`CommonStockValue`	$825.00K	USD	Point-in-time
Common stock, $0.01 par value; 225,000 shares authorized at March 31, 2018 and December 31, 2017; 83,421 and 82,498 shares issued and outstanding at March 31, 2018 and December 31, 2017	`CommonStockValue`	$834.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.16B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.17B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-670.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-630.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$499.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$528.47M	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`	$518.79M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$547.74M	USD	Point-in-time
Total liabilities, stockholders equity and non-controlling interests	`LiabilitiesAndStockholdersEquity`	$867.61M	USD	Point-in-time
Total liabilities, stockholders equity and non-controlling interests	`LiabilitiesAndStockholdersEquity`	$898.65M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
License revenue (includes $0 and $0 from a related party)	`LicensesRevenue`	-	USD	1 Quarter
License revenue (includes $0 and $0 from a related party)	`LicensesRevenue`	-	USD	1 Quarter
Development and other revenue (includes $5,172 and $4,686 from a related party)	`DevelopmentAndOtherRevenue`	$29.44M	USD	1 Quarter
Development and other revenue (includes $5,172 and $4,686 from a related party)	`DevelopmentAndOtherRevenue`	$31.93M	USD	1 Quarter
Total revenue	`Revenues`	$29.44M	USD	1 Quarter
Total revenue	`Revenues`	$31.93M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$46.73M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$56.97M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.53M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.26M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$72.52M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-40.60M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-28.82M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.77M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.38M	USD	1 Quarter
Interest income and other, net	`InterestAndOtherIncome`	$645.00K	USD	1 Quarter
Interest income and other, net	`InterestAndOtherIncome`	$2.07M	USD	1 Quarter
Total interest and other, net	`InterestIncomeExpenseNonoperatingNet`	$-698.00K	USD	1 Quarter
Total interest and other, net	`InterestIncomeExpenseNonoperatingNet`	$-1.73M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.55M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$99.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$60.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.40M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
Weighted average number of common shares used to calculate net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	82.86M	shares	1 Quarter
Weighted average number of common shares used to calculate net loss per share - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	64.04M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-30.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.40M	USD	1 Quarter
Depreciation	`Depreciation`	$1.52M	USD	1 Quarter
Depreciation	`Depreciation`	$1.52M	USD	1 Quarter
Amortization of premium on investments	`InvestmentIncomeAmortizationOfPremium`	$277.00K	USD	1 Quarter
Amortization of premium on investments	`InvestmentIncomeAmortizationOfPremium`	$613.00K	USD	1 Quarter
Unrealized loss (gain) on short-term investments	`UnrealizedGainLossOnInvestments`	$165.00K	USD	1 Quarter
Unrealized loss (gain) on short-term investments	`UnrealizedGainLossOnInvestments`	$-1.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$4.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.88M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.41M	USD	1 Quarter
Realized gain on sales of available-for-sale securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Realized gain on sales of available-for-sale securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$30.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.52M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.94M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.38M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$364.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$833.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.96M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.92M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.07M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.20M	USD	1 Quarter
Lease financing liability	`IncreaseDecreaseInLeaseFinancingLiability`	$14.00K	USD	1 Quarter
Lease financing liability	`IncreaseDecreaseInLeaseFinancingLiability`	$335.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$448.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-413.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-27.14M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-31.96M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$636.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.84M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$44.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$30.00K	USD	1 Quarter
Proceeds from sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$10.21M	USD	1 Quarter
Proceeds from sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	-	USD	1 Quarter
Proceeds from maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$13.86M	USD	1 Quarter
Proceeds from maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$17.18M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$15.30M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$23.41M	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`	$6.81M	USD	1 Quarter
Cash paid for payroll taxes on restricted stock unit releases	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.42M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.10M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$8.96M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.04M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$574.00K	USD	1 Quarter
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-32.00K	USD	1 Quarter
Effect of exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-31.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.65M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.18M	USD	1 Quarter
Total cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$170.60M	USD	Point-in-time
Total cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$659.01M	USD	Point-in-time
Total cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$673.66M	USD	Point-in-time
Total cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$173.78M	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$170.60M	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$659.01M	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$673.66M	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$173.78M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-30.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.40M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-527.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-255.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$179.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax effect	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-50.00K	USD	1 Quarter
Reclassification from accumulated other comprehensive loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-16.00K	USD	1 Quarter
Reclassification from accumulated other comprehensive loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net change in unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-50.00K	USD	1 Quarter
Net change in unrealized gain on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$195.00K	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-60.00K	USD	1 Quarter
Other comprehensive loss, net of taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-577.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-41.97M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-30.67M	USD	1 Quarter

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