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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net loss $ (27,471,094) $ (14,325,484) $ (11,810,938)
Adjustments to reconcile net loss to net cash used in operating activities:      
Loss (gain) on disposal of fixed assets 4,562 (24,845) 22,941
Depreciation and amortization 378,711 234,813 130,520
Stock-based compensation expense 3,946,027 2,070,194 1,979,364
Amortization of debt costs 346,157 248,799  
Accretion of discount on debt 88,123 57,117  
Change in fair value of financial instruments 726,421 (1,425,850) 1,084,114
Stock and warrant issued in connection with consulting services 0 0 198,791
Changes in operating assets and liabilities:      
Decrease (increase) in other assets (37,296) (258) 25,631
Decrease (increase) in accounts receivable (42,042) 22,300 89,387
Increase in prepaid expenses (420,026) (216,470) (92,748)
Increase in accounts payable and accrued expenses 361,432 632,299 1,055,690
Net cash used in operating activities (22,119,025) (12,727,385) (7,317,248)
Investing activities:      
Capital expenditures (2,241,066) (363,290) (649,784)
Proceeds from disposals of capital equipment 7,600 63,500 500
Net cash used in investing activities (2,233,466) (299,790) (649,284)
Financing activities      
Proceeds from sale of common stock, net of expenses 61,215,399 0 18,829,644
Proceeds from exercise of warrants 1,389,427 0 3,599,831
Proceeds from exercise of options 860,852 0 38,249
Borrowings under equipment line of credit 1,086,062 0 515,964
Repayments under equipment line of credit 0 (515,964) 0
Borrowings under debt agreement 0 15,000,000 0
Net cash provided by financing activities 64,551,740 14,484,036 22,983,688
Net change in cash and cash equivalents 40,199,249 1,456,861 15,017,156
Cash and cash equivalents—Beginning of period 27,293,798 25,836,937 10,819,781
Cash and cash equivalents—End of period 67,493,047 27,293,798 25,836,937
Supplementary disclosure of cash flow activity:      
Cash paid for taxes 16,934 2,400 7,650
Cash paid for interest 1,061,993 425,256 9,459
Supplemental disclosure of non-cash investing and financing activities:      
Warrants issued in connection with Loan and Security Agreement 0 235,857 0
Reclassification of derivative financial instruments to additional paid-in capital 435,365 0 (5,417,871)
Preferred stock dividends accrued $ 24,240 $ 23,015 $ 29,840