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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (21,163,460) $ (17,383,940)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,499,087 1,590,171
Amortization of debt discount 247,604 46,790
Unrealized (gain)/loss on investments in equity securities (437,762) 87,850
Realized loss on investments in equity securities 804,772 0
Realized gain on available-for-sale investments (9,952) (62,484)
Stock-based compensation expense 6,354,546 5,351,265
Accelerated stock-based compensation expense 0 10,789,774
Loss on disposal of property and equipment 213,892 158,872
Provision for bad debt 63,979 42,085
Changes in operating assets and liabilities:    
Accounts receivable (749,290) (3,995,609)
Inventories (2,661) (130,406)
Prepaid expenses and other current assets 151,519 (203,736)
Deposits (98,451) (55,849)
Change in operating lease right-of-use assets and lease liabilities 61,062 (9,538)
Accounts payable and other accrued expenses 6,365,123 1,268,267
Accrued compensation and related expenses 651,033 304,676
Deferred revenue (130,892) 136,931
Deferred tax liability 27,008 0
Net cash used in operating activities (5,152,843) (2,064,881)
Cash Flows From Investing Activities:    
Purchases of property and equipment (5,118,803) (4,188,943)
Purchases of short-term investments (136,293,195) (43,044,925)
Sales/maturities of short-term investments 142,276,244 3,995,000
Cash paid for acquisition 0 (20,429,651)
Patent and trademark costs (116,296) (48,470)
Net cash provided by (used in) investing activities 747,950 (63,716,989)
Cash Flows From Financing Activities:    
proceeds from public offering, net of offering costs 0 68,810,718
Proceeds from exercise of stock options and warrants 8,311,895 4,283,895
Proceeds from issuance of convertible senior notes 115,000,000 0
Payment of deferred financing costs (4,118,495) (19,748)
Repayment of finance lease liabilities (51,711) (17,261)
Net cash provided by financing activities 119,141,689 73,057,604
Effect of exchange rates on cash and cash equivalents 15,517 (17,705)
Net change in cash and cash equivalents 114,752,313 7,258,029
Cash and cash equivalents - beginning of period 47,234,770 37,327,125
Cash and cash equivalents - end of period 161,987,083 44,585,154
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Net unrealized gain/(loss) on available-for-sale securities 250,643 (16,382)
Reclassification of realized gain on available-for-sale debt securities to earnings 18,800 21,809
Financing costs included in accounts payable and accrued liabilities 472,867 0
Fixed assets included in accounts payable and accrued liabilities 326,846 158,239
Purchase of equipment through finance lease obligations $ 204,516 $ 0