Reverse capitalization (Tables)
 12 Months Ended
Dec. 31, 2020
Reverse Capitalization [Abstract]  
Schedule of Reverse Capitalization
Pursuant to U.S. GAAP, the Corporation retroactively applied the reverse capitalization to our equity structure for the years ended December 31, 2020 and 2019, as summarized below and reflected in the Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive Loss, and Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders’ Deficit.
Unless otherwise indicated, all of the Corporation’s common stock as well as previously issued stock options presented in the accompanying retroactively revised Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders’ Deficit or in the related notes are presented on an as- or as if-converted basis, converted at the ratio of approximately 2.0681 and presented as shares or awards of our common stock:
Retroactive application of reverse capitalization to Consolidated Balance Sheets
Date
Description
As previously
reported
1/7/21
conversion ratio
Reverse capitalized
shares
12/31/2019Convertible preferred shares authorized75,136,086 2.0681 155,387,025 
12/31/2019Convertible preferred shares issued and outstanding67,427,138 2.0681 139,444,346 
12/31/2019Common shares authorized170,000,000 2.0681 351,572,668 
12/31/2019Common shares issued42,877,665 2.0681 88,674,206 
12/31/2019Common shares outstanding42,686,624 2.0681 88,279,119 
12/31/2020Convertible preferred shares authorized75,136,086 2.0681 155,387,025 
12/31/2020Convertible preferred shares issued and outstanding67,427,138 2.0681 139,444,346 
12/31/2020Common shares authorized170,000,000 2.0681 351,572,668 
12/31/2020Common shares issued43,505,291 2.0681 89,972,184 
12/31/2020Common shares outstanding43,134,938 2.0681 89,206,266 
The following table summarizes the weighted-average outstanding shares, basic and diluted for the years ended December 31, 2020 and 2019 after factoring all retroactive application of capitalization.
Retroactive application of reverse capitalization to Consolidated Statements of Operations and Comprehensive Loss
Date
Description
As previously
reported
1/7/21
conversion ratio
Reverse capitalized
amounts
12/31/2019Net loss per share attributable to common shareholders - basic and diluted$(8.56)2.0681 $(4.14)
12/31/2019Basic and diluted weighted average number of common shares and common shares equivalents outstanding42,469,175 2.0681 87,829,419 
12/31/2020Net loss per share attributable to common shareholders - basic and diluted$(3.18)2.0681 $(1.54)
12/31/2020Basic and diluted weighted average number of common shares and common shares equivalents outstanding42,886,067 2.0681 88,691,582 
Retroactive application of reverse capitalization to Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders’ Deficit
Date
Description
As previously
reported
1/7/21
conversion ratio
Reverse capitalized
amounts
12/31/2018Convertible preferred stock - shares67,427,138 2.0681 139,444,346 
12/31/2018Common stock - shares42,243,445 2.0681 87,362,592 
12/31/2018Common stock - amount$4 2.0681 $9