0001493152-21-028340 | 10-Q | XBRL Viewer | Aerovate Therapeutics INC

Label	Element	Value
Term of service agreement	avte_RelatedPartyTransactionTerm	2 years
Term of service agreement	avte_RelatedPartyTransactionTerm	2 years
Research and development, related party	avte_ResearchAndDevelopmentRelatedParty	$ 13,000
Research and development, related party	avte_ResearchAndDevelopmentRelatedParty	23,000
Research and development, related party	avte_ResearchAndDevelopmentRelatedParty	68,000
Research and development, related party	avte_ResearchAndDevelopmentRelatedParty	$ 59,000
Vesting period description	avte_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1Description	three to four years
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOne
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOne
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOne
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOne
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOne
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOne	2,500,000
General and administrative, related party	avte_GeneralAndAdministrativeRelatedParty	3,000
General and administrative, related party	avte_GeneralAndAdministrativeRelatedParty	8,000
General and administrative, related party	avte_GeneralAndAdministrativeRelatedParty	14,000
General and administrative, related party	avte_GeneralAndAdministrativeRelatedParty	23,000
Issuance costs	avte_StockIssuanceCosts	13,000
Issuance costs	avte_StockIssuanceCosts	9,000
Issuance costs	avte_StockIssuanceCosts	$ 153,000
Capital Stock Shares, Authorized	avte_CapitalStockSharesAuthorized	94,052,154
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party, Shares	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyShares
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party, Shares	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyShares	1,700,343
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party, Shares	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOneShares
Issuance of Series A redeemable convertible preferred stock upon conversion of July 2020 convertible promissory notes to related party, Shares	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedPartyOneShares	1,320,655
Percentage of share price as conversion price	avte_PercentageOfSharePriceAsConversionPrice	0.80
Conversion of redeemable convertible preferred stock to common stock upon initial public offering, Shares	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOfferingShares
Conversion of redeemable convertible preferred stock to common stock upon initial public offering, Shares	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOfferingShares	(40,052,154)
Conversion of redeemable convertible preferred stock to common stock upon initial public offering, Shares	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOfferingShares	(4,000,000)
Conversion of redeemable convertible preferred stock to common stock upon initial public offering, Shares	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOfferingShares	14,182,854
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering	(75,819,000)
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering	(4,000,000)
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering	1,000
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering	79,818,000
Conversion of redeemable convertible preferred stock to common stock upon initial public offering	avte_ConversionOfRedeemableConvertiblePreferredStockToCommonStockUponInitialPublicOffering	$ 79,819,000
Weighted- Average Remaining Contractual Term, Granted	avte_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm	9 years 7 months 2 days
Operating lease asset and liability, net	avte_IncreaseDecreaseInOperatingLeaseAssetAndLiability
Operating lease asset and liability, net	avte_IncreaseDecreaseInOperatingLeaseAssetAndLiability	(16,000)
Change in fair value of convertible promissory notes to related party	avte_FairValueAdjustmentOfConvertiblePromissoryNotes
Change in fair value of convertible promissory notes to related party	avte_FairValueAdjustmentOfConvertiblePromissoryNotes
Change in fair value of convertible promissory notes to related party	avte_FairValueAdjustmentOfConvertiblePromissoryNotes	64,000
Change in fair value of convertible promissory notes to related party	avte_FairValueAdjustmentOfConvertiblePromissoryNotes	644,000
Change in fair value of convertible promissory notes to related party	avte_FairValueAdjustmentOfConvertiblePromissoryNotes	600,000
Change in fair value of convertible promissory notes to related party	avte_FairValueAdjustmentOfConvertiblePromissoryNotes	0
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedParty
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedParty
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedParty
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedParty
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedParty
Issuance of Series A redeemable convertible preferred stock upon conversion of December 2019 convertible promissory notes to related party	avte_IssuanceOfSeriesRedeemableConvertiblePreferredStockUponConversionOfConvertiblePromissoryNotesToRelatedParty	3,219,000
ConversionOfConvertiblePromissoryNotesToRelatedPartyToRedeemableConvertiblePreferredStockOne	avte_ConversionOfConvertiblePromissoryNotesToRelatedPartyToRedeemableConvertiblePreferredStockOne
ConversionOfConvertiblePromissoryNotesToRelatedPartyToRedeemableConvertiblePreferredStockOne	avte_ConversionOfConvertiblePromissoryNotesToRelatedPartyToRedeemableConvertiblePreferredStockOne	(2,500,000)
Deferred offering costs included in accounts payable	avte_DeferredOfferingCostsIncludedInAccountsPayable
Deferred offering costs included in accounts payable	avte_DeferredOfferingCostsIncludedInAccountsPayable	250,000
Conversion of convertible promissory notes to related party to Series A redeemable convertible preferred stock	avte_ConversionOfConvertiblePromissoryNotesToRelatedPartyToRedeemableConvertiblePreferredStock
Conversion of convertible promissory notes to related party to Series A redeemable convertible preferred stock	avte_ConversionOfConvertiblePromissoryNotesToRelatedPartyToRedeemableConvertiblePreferredStock	$ (3,219,000)
Redeemable convertible preferred stock, shares issued, conversion of notes	avte_TemporaryEquitySharesIssuedInConnectionWithConversionOfNotes	3,020,998
Lease term description	avte_LesseeOperatingLeaseTermOfContractDescription	The Waltham Lease has a term of thirty-nine months (“Lease Term”), unless extended or earlier terminated.
Exchange of convertible promissory notes (Note 4)	avte_ExchangeOfConvertiblePromissoryNotes	$ (5,644,000)

Schedule of Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accrued And Other Current Liabilities
Accrued research and development	$ 578	$ 946
Total accrued and other current liabilities	$ 1,123	$ 1,156

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Notes Details Schedule of Accrued and Other Current Liabilities (Details) Uncategorized Uncategorized Items - form10-q_htm.xml All Reports