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Consolidated Statements of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (34,569,243) $ (26,226,772)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,230,913 4,705,218
Non-cash interest expense 165,597 243,873
Net amortization of premium on debt securities available for sale (8,614) 0
Depreciation and amortization expense 126,753 134,557
Change in assets and liabilities:    
Prepaid expenses and other current assets (1,090,574) (1,254,761)
Accounts payable 755,477 712,823
Accrued expenses and other liabilities 68,853 859,046
Net cash used in operating activities (32,831,792) (22,544,108)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of fixed assets (16,317) (7,806)
Purchases of marketable securities (87,954,189) 0
Sales and maturities of marketable securities 12,000,000 0
Net cash used in investing activities (75,970,506) (7,806)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net of issuance costs 0 189,811,611
Proceeds from exercise of stock options 0 4,611,127
Proceeds from employee stock purchase plan 23,324 9,875
Net cash provided by financing activities 23,324 194,432,613
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (108,778,974) 171,880,699
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 229,790,989 77,858,311
CASH AND CASH EQUIVALENTS, END OF PERIOD 121,012,015 249,739,010
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 652,167 681,333
SUPPLEMENTAL INFORMATION AND DISCLOSURES OF NONCASH ACTIVITIES:    
Offering costs not yet paid 0 66,000
Common stock issued in connection with Helio Vision, Inc. acquisition milestone 58,301  
Helio Vision Inc [Member]    
SUPPLEMENTAL INFORMATION AND DISCLOSURES OF NONCASH ACTIVITIES:    
Common stock issued in connection with Helio Vision, Inc. acquisition milestone $ 0 $ 2,499,991