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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,864,108) $ (3,885,649)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of contingent consideration liability 880,000 1,750,000
Stock-based compensation expense 1,218,351 214,921
Depreciation and amortization 74,298 73,356
Unrealized losses on foreign currency exchange 33,376 24,939
Changes in operating assets and liabilities:    
Accounts receivable (191,226) (973,557)
Prepaid expenses and other current assets (4,200,624) (214,893)
Accounts payable (194,050) 911,397
Accrued expenses and other liabilities (2,189,903) 1,112,718
Tax refund receivable (135,274) (3,360,633)
Net cash used in operating activities (19,569,160) (4,347,401)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and maturities of short-term investments 30,912,000 13,700,000
Purchases of short-term investments (7,476,074) (7,099,263)
Purchases of property and equipment, net (4,208,790) (18,131)
Cash paid for internally developed patents (62,041) (19,390)
Net cash provided by investing activities 19,165,095 6,563,216
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of deferred offering costs 134,413  
Proceeds from exercises of warrants   39,974
Proceeds from issuance of common stock in at the market offering, net 34,178,231  
Proceeds from issuance of common stock from Employee Stock Purchase Plan 106,001 56,739
Net cash provided by financing activities 34,418,645 96,713
Net increase in cash and cash equivalents and restricted cash 34,014,580 2,312,528
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 149,966,561 $ 11,309,388
SUPPLEMENTAL NON-CASH FINANCING ACTIVITIES:    
Fair value of common stock retired in exchange for issuance of common stock warrant $ 17,200,000