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Condensed Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (17,038,022) $ (20,366,469)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 893,334 1,086,752
Accretion of discount on NuvoGen obligation 147,753 156,103
Provision for excess inventory 302,085 437,893
Amortization of Growth Term Loan discount and issuance costs 325,517 415,355
Stock-based compensation expense 1,171,988 552,054
Employee stock purchase plan expense 44,170  
Accretion of incentive from landlord (106,500) (94,667)
Accrued interest on available-for-sale securities investments 5,991 130,576
Other operating adjustments 1,307  
Changes in operating assets and liabilities:    
Accounts receivable (1,781,782) 124,385
Inventory 13,944 (104,277)
Prepaid expenses and other (94,295) 3,911
Deferred offering costs 49,630  
Accounts payable 1,521,391 367,529
Accrued liabilities 327,284 (258,073)
Deferred revenue 469,276 236,187
Net cash used in operating activities (13,746,929) (17,312,741)
Investing activities    
Purchase of property and equipment (525,437) (1,859,155)
Sales, redemptions and maturities of available-for-sale securities 4,300,000 23,000,000
Purchase of available-for-sale securities   (3,381,271)
Net cash provided by investing activities 3,774,563 17,759,574
Financing activities    
Payment of offering costs (231,475)  
Proceeds from Growth Term Loan   5,000,000
Payments on Growth Term Loan (4,740,774) (2,932,482)
Proceeds from ATM offering 16,891,193  
Payments on capital leases (43,813) (99,863)
Proceeds from exercise of stock options 165,261 10,132
Proceeds from shares purchased under the stock purchase plan 71,716 167,721
Payments on NuvoGen obligation (600,000) (362,500)
Net cash provided by financing activities 11,512,108 1,783,008
Increase in cash and cash equivalents 1,539,742 2,229,841
Cash and cash equivalents at beginning of period 7,507,659 3,293,983
Cash and cash equivalents at end of period 9,047,401 5,523,824
Noncash investing and financing activities    
Fixed asset purchases payable and accrued at period end 410,184 25,496
Carrying value of demonstration units transferred from property and equipment to inventory 55,739  
Stock issued for settlement of accrued bonus   (364,910)
Purchase of property and equipment under capital lease   226,835
Incentive from landlord   710,000
Retirement of treasury stock 75,000  
Supplemental cash flow information    
Cash paid for interest $ 575,480 $ 850,713