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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 69,450,766 $ 56,342,010 $ (7,241,147)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and other amortization 522,368 529,814 526,997
(Gain) loss on change in fair value of warrant liability (117,770) 3,525,846 (5,091,256)
Stock-based compensation 1,265,809 1,350,948 2,113,994
Write down of inventory, net 618,771 0 0
Deferred income taxes provision (benefit) 121,446 11,606,949 (2,417,617)
Loss on extinguishment of Term Loan 0 4,981,461 0
Non-cash interest expense 0 887,132 4,497,271
Changes in assets and liabilities:      
Accounts receivable (80,310,187) 827,733 (2,208,863)
Inventory 136,369 (8,009,992) (6,744,644)
Prepaid expenses and other assets 48,963 699,102 (714,272)
Accounts payable, accrued expenses and other liabilities 986,865 (3,116,843) 936,839
Income tax payable 18,287,487 912,462 0
Deferred revenue 483,749 982,606 (1,861,605)
Net cash provided by (used in) operating activities 11,494,636 71,519,228 (18,204,303)
Cash flows from investing activities:      
Capital expenditures (50,620) (15,501) (29,094)
Cash used in investing activities (50,620) (15,501) (29,094)
Cash flows from financing activities:      
Payment of employee tax obligations for common stock tendered (173,918) (184,016) (1,176,579)
Repurchase of common stock (26,021,519) (28,502,946) 0
Repayment of Term Loan 0 (85,913,459) 0
Cash used in financing activities (26,195,437) (114,600,421) (1,176,579)
Net decrease in cash and cash equivalents (14,751,421) (43,096,694) (19,409,976)
Cash, cash equivalents and restricted cash at the beginning of period 117,890,240 160,986,934 180,396,910
Cash, cash equivalents and restricted cash at end of period 103,138,819 117,890,240 160,986,934
Supplemental disclosure of cash flows information:      
Non-cash lease right-of-use asset and associated liability (net of deferred rent in 2019) 733,715 0 2,944,932
Conversion of warrant to common stock 0 3,003,517 1,172,801
Issuance of common stock upon cashless exercise 0 97,250 118,500
Cash income taxes paid (refund), net $ 1,063,744 $ 3,718,581 $ (1,276,129)