10-K Filing

Q32 Bio Inc. CIK: 1661998 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001564590-19-007250`
Period End Date	20181231
Filing Date	20190312
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	fixx-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 20 Cash Flow Statement 51 Stockholders Equity 23 Comprehensive Income 8

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$176.52M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$78.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.95M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.95M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$131.60M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$221.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.64M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.15M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$1.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.77M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$1.77M	USD	Point-in-time
Total assets	`Assets`	$137.53M	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 assets	`Assets`	$259.09M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	170.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.90M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.54M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.64M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.73M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$2.86M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherLiabilitiesCurrent`	$5.04M	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$123.00K	USD	Point-in-time
Deferred rent	`DeferredRentCreditCurrent`	$977.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.34M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.86M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$291.00K	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$9.47M	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$30.07M	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$29.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$64.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.22M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$137.76M	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2018 and no shares authorized as of December 31, 2017; no shares issued and outstanding at December 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2018 and no shares authorized as of December 31, 2017; no shares issued and outstanding at December 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 and 170,000,000 shares authorized as of December 31, 2018 and 2017, respectively; 37,509,815 and 2,902,109 shares issued as of December 31, 2018 and 2017, respectively; and 37,358,526 and 2,637,011 shares outstanding as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$800.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$292.19M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-77.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-73.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-97.40M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$194.72M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-9.89M	USD	Point-in-time
Total liabilities, convertible preferred stock and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$259.09M	USD	Point-in-time
Total liabilities, convertible preferred stock and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$137.53M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Collaboration revenue	`Revenues`	$3.68M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$47.95M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$21.38M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.28M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$17.30M	USD	Annual
Total operating expenses	`OperatingExpenses`	$29.66M	USD	Annual
Total operating expenses	`OperatingExpenses`	$65.25M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-61.56M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-29.66M	USD	Annual
Changes in fair value of convertible preferred stock tranche liability	`IncreaseDecreaseInFairMarketValueOfConvertiblePreferredStockTrancheLiability`	$876.00K	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$542.00K	USD	Annual
Interest income	`InvestmentIncomeNonoperating`	$4.35M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$4.35M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-334.00K	USD	Annual
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-57.22M	USD	Annual
Net loss and net loss attributable to common stockholders-basic and diluted	`NetIncomeLoss`	$-29.99M	USD	Annual
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.00	USD	Annual
Net loss per share attributable to common stockholders-basic and diluted	`EarningsPerShareBasicAndDiluted`	$-12.10	USD	Annual
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.48M	shares	Annual
Weighted average common shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.55M	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-57.22M	USD	Annual
Net loss	`ProfitLoss`	$-29.99M	USD	Annual
Depreciation	`Depreciation`	$1.29M	USD	Annual
Depreciation	`Depreciation`	$684.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$277.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$2.62M	USD	Annual
Accretion on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$85.00K	USD	Annual
Accretion on short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.59M	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-127.00K	USD	Annual
Change in fair value associated with convertible preferred stock tranche liability	`IncreaseDecreaseInFairMarketValueOfConvertiblePreferredStockTrancheLiability`	$876.00K	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.46M	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.72M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.38M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.04M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$864.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$33.41M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-252.00K	USD	Annual
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-186.00K	USD	Annual
Deferred rent	`IncreaseDecreaseInPrepaidRent`	$-10.03M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.48M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.56M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$245.33M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$78.07M	USD	Annual
Maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$148.48M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.94M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.96M	USD	Annual
Changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.50M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.53M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.79M	USD	Annual
Proceeds from issuance of common stock in initial public offering, net of discounts and issuance costs	`ProceedsFromIssuanceInitialPublicOffering`	$150.84M	USD	Annual
Proceeds from issuance of common stock from option exercises	`ProceedsFromStockOptionsExercised`	$87.00K	USD	Annual
Proceeds from issuance of restricted common stock	`ProceedsFromIssuanceOfRestrictedCommonStock`	$64.00K	USD	Annual
Repurchase of unvested common stock	`RepurchaseOfUnvestedCommonStock`	$17.00K	USD	Annual
Proceeds from issuance of convertible preferred stock, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$83.50M	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$115.23M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$150.99M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.36M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$40.18M	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Reclassification of liability for common stock vested	`ReclassificationOfLiabilityForCommonStockVestedInNoncashTransactions`	$225.00K	USD	Annual
Reclassification of liability for common stock vested	`ReclassificationOfLiabilityForCommonStockVestedInNoncashTransactions`	$75.00K	USD	Annual
Property and equipment additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$167.00K	USD	Annual
Property and equipment additions included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$9.13M	USD	Annual
Deferred offering costs included in accrued expenses	`AbandonmentOfLeaseholdImprovements`	$1.00M	USD	Annual
Reclassification of tranche liability upon issuance of convertible preferred stock	`FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3`	$5.12M	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance balance	`TemporaryEquityCarryingAmountAttributableToParent`	$137.76M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$194.72M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-9.89M	USD	Point-in-time
Conversion of convertible preferred stock into common stock upon initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$137.76M	USD	Annual
Conversion of convertible preferred stock into common stock upon initial public offering, Shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	24.17M	shares	Point-in-time
Issuance of common stock in initial public offering, net of discounts and issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$150.84M	USD	Annual
Vesting of common stock from option exercise	`StockIssuedDuringPeriodValueVestingOfCommonStockFromOptionExercise`	$225.00K	USD	Annual
Vesting of common stock from option exercise	`StockIssuedDuringPeriodValueVestingOfCommonStockFromOptionExercise`	$75.00K	USD	Annual
Vesting of founders restricted common stock	`StockIssuedDuringPeriodValueVestingOfFoundersRestrictedCommonStock`	$21.00K	USD	Annual
Issuance of common stock from option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$87.00K	USD	Annual
Issuance of common stock from option exercises, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	89,050.00	shares	Annual
Issuance of common stock from option exercises, Shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.62M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$256.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-73.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-57.22M	USD	Annual
Net loss	`NetIncomeLoss`	$-29.99M	USD	Annual
Ending balance	`StockholdersEquity`	$-39.45M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$194.72M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-9.89M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$137.76M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-57.22M	USD	Annual
Net loss	`NetIncomeLoss`	$-29.99M	USD	Annual
Change in unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-73.00K	USD	Annual
Change in unrealized gain (loss) on available for sale securities, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.00K	USD	Annual
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-73.00K	USD	Annual
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-57.22M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-30.06M	USD	Annual

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