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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (2,491,665) $ (3,294,949)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 453,791 421,071
Amortization of held-to-maturity securities, net 13,446 63,951
Foreign currency exchange loss (gain), net (10,247) 28,272
Changes in operating assets and liabilities:    
Interest receivable 65,481 (44,954)
Accounts receivable (241,002) (131,800)
Prepaid expenses and other current assets 131,299 64,297
Accounts payable (679,918) 480,455
Accrued expenses (176,396) (212,088)
Deferred research and development obligation 163,859 719,232
Deferred license revenue (79,031) 0
Net cash used in operating activities (2,850,383) (1,906,513)
Cash flows from investing activities    
Purchases of held-to-maturity investment securities (5,020,850) (11,283,940)
Proceeds from maturities of investment securities 4,500,000 5,500,000
Net cash used in investing activities (520,850) (5,783,940)
Cash flows from financing activities    
Proceeds from exercise of options 42,350 115,800
Net cash provided by financing activities 42,350 115,800
Effect of exchange rate changes on cash (568) (6,834)
Net decrease in cash and cash equivalents (3,329,451) (7,581,487)
Cash and cash equivalents at beginning of period 15,748,480 20,637,045
Cash and cash equivalents at end of period $ 12,419,029 $ 13,055,558