10-Q Filing

Q32 Bio Inc. CIK: 1661998 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-013403`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	fixx-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 20 Cash Flow Statement 45 Comprehensive Income 6

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.50M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$78.08M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$70.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$131.60M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.93M	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$3.07M	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$1.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.90M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.64M	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.77M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$129.08M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$137.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.54M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$2.86M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$122.60K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.34M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.86M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$1.55M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$290.92K	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$30.07M	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$29.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.84M	USD	Point-in-time
COMMITMENTS (NOTE 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS (NOTE 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$137.76M	USD	Point-in-time
Total convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$137.76M	USD	Point-in-time
Common stock, $0.0001 par value; 170,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 2,928,313 and 2,902,109 shares issued as of March 31, 2018 and December 31, 2017, respectively; and 2,697,352 and 2,637,011 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$264.00	USD	Point-in-time
Common stock, $0.0001 par value; 170,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 2,928,313 and 2,902,109 shares issued as of March 31, 2018 and December 31, 2017, respectively; and 2,697,352 and 2,637,011 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$270.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$799.86K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-73.31K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.17K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.18M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-49.52M	USD	Point-in-time
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$137.53M	USD	Point-in-time
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$129.08M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Collaboration revenue	`Revenues`	$823.37K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.69M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.69M	USD	1 Quarter
Change in fair value of convertible preferred stock tranche liability	`IncreaseDecreaseInFairMarketValueOfConvertiblePreferredStockTrancheLiability`	$876.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$12.72K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$479.48K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-863.27K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$479.48K	USD	1 Quarter
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-5.55M	USD	1 Quarter
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-10.52M	USD	1 Quarter
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.79	USD	1 Quarter
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-4.21	USD	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.50M	shares	1 Quarter
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.99M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.52M	USD	1 Quarter
Depreciation	`Depreciation`	$130.16K	USD	1 Quarter
Depreciation	`Depreciation`	$220.60K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$380.12K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$27.68K	USD	1 Quarter
Accretion on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$123.26K	USD	1 Quarter
Change in fair value associated with convertible preferred stock tranche liability	`IncreaseDecreaseInFairMarketValueOfConvertiblePreferredStockTrancheLiability`	$876.00K	USD	1 Quarter
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.73M	USD	1 Quarter
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$390.92K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$510.89K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$350.40K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-763.95K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-69.11K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-156.62K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-1.14M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-105.75K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-11.04M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.52M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$18.60M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$26.27M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.04M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$848.43K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$6.64M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-848.43K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$69.26K	USD	1 Quarter
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$1.03M	USD	1 Quarter
Proceeds from issuance of Series A convertible preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$20.48M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$20.48M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-957.51K	USD	1 Quarter
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.11M	USD	1 Quarter
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.36M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$26.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$51.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$51.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.21M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$26.50M	USD	Point-in-time
Reclassification of liability for common stock vested	`ReclassificationOfLiabilityForCommonStockVestedInNoncashTransactions`	$20.61K	USD	1 Quarter
Reclassification of liability for common stock vested	`ReclassificationOfLiabilityForCommonStockVestedInNoncashTransactions`	$15.42K	USD	1 Quarter
Property and equipment additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$214.73K	USD	1 Quarter
Property and equipment additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$26.98K	USD	1 Quarter
Deferred offering costs included in accounts payable and accrued expenses	`DeferredOfferingCostsIncludedInAccountsPayableAndAccruedExpenses`	$2.05M	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.52M	USD	1 Quarter
Unrealized losses on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.86K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.86K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.54M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.55M	USD	1 Quarter

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