| Quarterly Financial Information (Unaudited) |
14. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following table summarizes the unaudited statements of operations for each quarter of 2021 and 2020 (in thousands, except per share amounts):
|
|
|
March 31
|
|
|
June 30
|
|
|
September 30
|
|
|
December 31
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
5,642
|
|
|
|
9,227
|
|
|
|
4,591
|
|
|
|
4,506
|
|
|
General and administrative
|
|
|
2,342
|
|
|
|
2,075
|
|
|
|
2,102
|
|
|
|
2,609
|
|
|
Total operating expenses
|
|
|
7,984
|
|
|
|
11,302
|
|
|
|
6,693
|
|
|
|
7,115
|
|
|
Other income (expense)
|
|
|
(15
|
)
|
|
|
(9
|
)
|
|
|
2
|
|
|
|
(36
|
)
|
|
Net loss
|
|
|
(7,999
|
)
|
|
|
(11,311
|
)
|
|
|
(6,691
|
)
|
|
|
(7,151
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(1.30
|
)
|
|
$
|
(1.53
|
)
|
|
$
|
(0.71
|
)
|
|
$
|
(0.76
|
)
|
|
2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
1,541
|
|
|
|
1,103
|
|
|
|
1,891
|
|
|
|
2,347
|
|
|
General and administrative
|
|
|
1,816
|
|
|
|
1,815
|
|
|
|
1,863
|
|
|
|
2,374
|
|
|
Total operating expenses
|
|
|
3,357
|
|
|
|
2,918
|
|
|
|
3,754
|
|
|
|
4,721
|
|
|
Other income
|
|
|
37
|
|
|
|
(4
|
)
|
|
|
(10
|
)
|
|
|
(3
|
)
|
|
Net loss
|
|
|
(3,320
|
)
|
|
|
(2,922
|
)
|
|
|
(3,764
|
)
|
|
|
(4,724
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(2.15
|
)
|
|
$
|
(1.68
|
)
|
|
$
|
(1.14
|
)
|
|
$
|
(1.11
|
)
|
|