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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (73,201,503) $ (38,422,700)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration liability 1,560,000 22,320,000
Impairment loss on construction-in-progress 8,070,000  
Stock-based compensation expense 4,200,064 1,865,520
Depreciation and amortization 434,009 218,932
Unrealized losses (gains) on foreign currency exchange 297,135 (44,323)
Changes in operating assets and liabilities:    
Accounts receivable 3,036,442 (2,815,343)
Prepaid expenses and other current assets (5,263,432) (636,943)
Accounts payable (606,210) 856,653
Accrued expenses and other liabilities 6,916,132 1,199,708
Income tax receivable (1,713,642) (5,564,759)
Net cash used in operating activities (56,271,005) (21,023,255)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and maturities of short-term investments 82,406,000 39,385,689
Purchases of short-term investments (7,591,962) (74,413,135)
Purchases of property and equipment, net (11,970,179) (100,329)
Cash paid for internally developed patents (189,649) (98,893)
Net cash provided by (used in) investing activities 62,654,210 (35,226,668)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of deferred offering costs (118,522) (160,522)
Proceeds from exercises of warrants   41,038,458
Proceeds from issuance of common stock in at-the-market offerings, net 52,356,204 25,614,836
Proceeds from issuance of common stock and pre-funded warrants in public offering, net   124,027,815
Proceeds from issuance of notes payable   632,000
Payments of notes payable   (632,000)
Proceeds from issuance of common stock from Employee Stock Purchase Plan 224,472 135,471
Proceeds from exercises of stock options 100,399 126,445
Net cash provided by financing activities 52,562,553 190,782,503
Net increase in cash and cash equivalents and restricted cash 58,945,758 134,532,580
Cash, cash equivalents and restricted cash at beginning of period 115,951,981 8,996,860
Cash, cash equivalents and restricted cash at end of period 174,897,739 143,529,440
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest   $ 1,791
SUPPLEMENTAL NON-CASH FINANCING ACTIVITIES:    
Operating lease liability and right of use asset addition $ 72,047