XML 18 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 35,074,880 $ 12,109,956
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and other amortization 274,294 279,310
Stock-based compensation 2,136,719 2,062,297
Write down of inventory, net 471,971 327,373
Deferred income taxes, net 6,887,501 (563,807)
Deferred IV TPOXX® revenue (90,800) (7,059,280)
Changes in assets and liabilities:    
Accounts receivable 14,679,752 12,176,518
Inventory 13,474,873 9,036,113
Prepaid expenses and other assets 306,137 (2,498,377)
Accounts payable, accrued expenses and other liabilities 773,484 (4,426,482)
Income tax payable (3,842,106) (21,608,443)
Net cash provided by/(used in) operating activities 70,146,705 (164,822)
Cash flows from investing activities:    
Capital expenditures (24,894) (2,185)
Cash used in investing activities (24,894) (2,185)
Cash flows from financing activities:    
Payment of employee tax obligations for common stock tendered (192,306) (355,539)
Payment of dividend (42,866,683) (42,673,512)
Cash used in financing activities (43,058,989) (43,029,051)
Net increase/(decrease) in cash and cash equivalents 27,062,822 (43,196,058)
Cash and cash equivalents at the beginning of period 155,400,262 150,145,844
Cash and cash equivalents at end of period 182,463,084 106,949,786
Supplemental disclosure of non-cash financing activities:    
Non-cash lease right-of-use asset and associated liability 0 462,686
Issuance of common stock $ 0 $ 417,000