Commitments and Contingencies (Details Narrative)
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3 Months Ended |
9 Months Ended |
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Oct. 25, 2019
ft²
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Feb. 26, 2019
USD ($)
ft²
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Sep. 20, 2018
USD ($)
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Aug. 21, 2017
USD ($)
ft²
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Dec. 31, 2019
USD ($)
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Sep. 30, 2019
USD ($)
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Sep. 30, 2018
USD ($)
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Sep. 30, 2019
USD ($)
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Sep. 30, 2018
USD ($)
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Jan. 02, 2019
USD ($)
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Dec. 31, 2018
USD ($)
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Commitment And Contingencies [Line Items] |
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Operating lease liability |
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$ 8,326,901
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$ 8,326,901
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Operating lease, right of use asset |
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5,569,999
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5,569,999
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Increase in operating lease liabilities |
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986,401
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Leasehold improvements reimbursement |
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990,759
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Total lease expense |
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307,183
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$ 146,229
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814,527
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440,972
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Research and Development Expense [Member] |
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Commitment And Contingencies [Line Items] |
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Upfront cash payment |
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250,000
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Potential milestone payments |
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18,400,000
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ASU 2016-02 [Member] |
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Commitment And Contingencies [Line Items] |
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Operating lease liability |
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$ 3,800,000
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Operating lease, right of use asset |
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$ 2,400,000
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August 2017 Lease Agreement [Member] |
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Commitment And Contingencies [Line Items] |
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Area of office space | ft² |
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32,733
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Operating lease, term |
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7 years
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Leasehold improvements |
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$ 1,080,189
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Irrevocable letter of credit |
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400,000
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Unsecured letter of credit |
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$ 400,000
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Incurred interest expense |
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$ 8,987
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$ 612
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$ 15,538
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$ 4,161
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Operating lease, option to extend |
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Per ASC 842, the February 2019 Lease Agreement constitutes a modification as it extends the original lease term and increases the scope of the lease (additional space provided under the amendment), which requires evaluation of the remeasurement of the lease liability and corresponding ROU asset. Per ASC 842, an extension of the lease term does not constitute a separate contract. Accordingly, the Company reassessed the classification of the Leased Premises and remeasured the lease liability on the basis of the extended lease term using the 20 additional monthly rent payments and the incremental borrowing rate at the effective date of the modification of 9%.
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Percentage of incremental borrowing rate from present value of lease |
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9.00%
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August 2017 Lease Agreement [Member] | First Year [Member] |
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Commitment And Contingencies [Line Items] |
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Rent expense |
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$ 470,000
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August 2017 Lease Agreement [Member] | Seventh Year [Member] |
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Commitment And Contingencies [Line Items] |
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Rent expense |
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908,000
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August 2017 Lease Agreement [Member] | Third Anniversary [Member] |
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Commitment And Contingencies [Line Items] |
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Irrevocable letter of credit |
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300,000
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August 2017 Lease Agreement [Member] | Fourth Anniversary [Member] |
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Commitment And Contingencies [Line Items] |
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Irrevocable letter of credit |
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$ 200,000
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February 2019 Lease Agreement [Member] |
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Commitment And Contingencies [Line Items] |
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Irrevocable letter of credit |
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$ 369,900
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Operating lease liability |
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855,000
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Operating lease, right of use asset |
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$ 855,000
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Percentage of incremental borrowing rate from present value of lease |
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9.00%
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Leasehold improvements reimbursement |
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$ 990,759
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February 2019 Lease Agreement [Member] | New Premises [Member] |
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Commitment And Contingencies [Line Items] |
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Area of office space | ft² |
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30,023
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Operating lease liability |
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$ 2,700,000
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Operating lease, right of use asset |
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$ 2,700,000
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February 2019 Lease Agreement [Member] | Total Premises [Member] |
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Commitment And Contingencies [Line Items] |
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Area of office space | ft² |
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62,756
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February 2019 Lease Agreement [Member] | Third Anniversary [Member] |
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Commitment And Contingencies [Line Items] |
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Irrevocable letter of credit |
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$ 277,425
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February 2019 Lease Agreement [Member] | Fourth Anniversary [Member] |
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Commitment And Contingencies [Line Items] |
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Irrevocable letter of credit |
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$ 184,950
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October 2019 Lease Amendment [Member] | Forecast [Member] |
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Commitment And Contingencies [Line Items] |
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Increase in operating lease liabilities |
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$ 466,000
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October 2019 Lease Amendment [Member] | Subsequent Event [Member] |
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Commitment And Contingencies [Line Items] |
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Operating lease, option to extend |
Per ASC 842, the October 2019 Lease Amendment constitutes a modification as it extends the original lease term and increases the scope of the lease (additional space provided under the amendment), which requires evaluation of the remeasurement of the lease liability and corresponding ROU asset. Per ASC 842, an extension of the lease term does not constitute a separate contract. Accordingly, the Company reassessed the classification of the Amended Leased Premises and remeasured the lease liability on the basis of the extended lease term using the additional monthly rent payments and the incremental borrowing rate at the effective date of the modification of 8%.
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Percentage of incremental borrowing rate from present value of lease |
8.00%
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October 2019 Lease Amendment [Member] | Total Premises [Member] | Subsequent Event [Member] |
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Commitment And Contingencies [Line Items] |
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Area of office space | ft² |
63,256
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October 2019 Lease Amendment [Member] | Amended Premises [Member] | Subsequent Event [Member] |
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Commitment And Contingencies [Line Items] |
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Area of office space | ft² |
500
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Jenrin Agreement [Member] |
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Commitment And Contingencies [Line Items] |
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Upfront cash payment |
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$ 250,000
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Potential milestone payments |
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$ 18,400,000
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