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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net loss $ (39,203,719) $ (27,471,094) $ (14,325,484)
Adjustments to reconcile net loss to net cash used in operating activities:      
Loss (gain) on disposal of assets (577,314) (4,562) 24,845
Depreciation and amortization 1,069,547 378,711 234,813
Stock-based compensation expense 7,504,316 3,946,027 2,070,194
Accretion of final fee premium 390,548 346,157 248,799
Amortization of discount on debt 173,803 88,123 57,117
Amortization of premiums on short-term investments 107,261 0 0
Deferred rent (201,037) 0 0
Interest income accrued on short-term investments (84,182) 0 0
Change in fair value of derivative financial instruments—warrants (2,462,137) 726,421 (1,425,850)
Changes in operating assets and liabilities:      
Increase in other assets (789,739) (37,296) (258)
(Increase) decrease in accounts receivable (1,724) (42,042) 22,300
Increase in prepaid expenses (277,327) (420,026) (216,470)
Increase in accounts payable and accrued expenses 2,157,221 361,432 632,299
Net cash used in operating activities (31,039,855) (22,119,025) (12,727,385)
Investing activities      
Capital expenditures (823,483) (2,241,066) (363,290)
Proceeds from disposals of capital equipment 0 7,600 63,500
Maturities of short-term investments 13,750,000 0 0
Purchases of short-term investments (37,760,166) 0 0
Net cash used in investing activities (24,833,649) (2,233,466) (299,790)
Financing activities      
Proceeds from sale of common stock, net of expenses 2,285,415 61,215,399 0
Proceeds from exercise of warrants   1,389,427  
Proceeds from exercise of options 366,966 860,852 0
Borrowings under equipment line of credit 792,251 1,086,062  
Repayments under equipment line of credit (52,175) 0 (515,964)
Borrowings under long-term debt, net of costs 7,805,085   15,000,000
Repayments of long-term debt (8,896,166) 0 0
Net cash provided by financing activities 2,301,376 64,551,740 14,484,036
Effect of exchange rate changes on cash and cash equivalents (5,825) 0 0
Net change in cash and cash equivalents (53,577,953) 40,199,249 1,456,861
Cash and cash equivalents—Beginning of period 67,493,047 27,293,798 25,836,937
Cash and cash equivalents—End of period 13,915,094 67,493,047 27,293,798
Supplementary disclosure of cash flow activity:      
Cash paid for taxes 4,560 16,934 2,400
Cash paid for interest 1,103,677 1,061,993 425,256
Supplemental disclosure of non-cash investing and financing activities:      
Warrants issued in connection with long-term debt 148,885   235,857
Reclassification of derivative financial instruments to additional paid-in capital   435,365 0
Preferred stock dividends accrued 24,240 24,240 23,015
Leasehold improvements paid for by lessor $ 1,860,000 $ 0 $ 0