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Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (18,546,539) $ (9,989,448)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,796,296 954,684
Warrant remeasurement 0 446,321
Depreciation expense 31,689 23,714
Amortization of debt discount 42,623 52,933
Amortization of debt issuance costs 39,847 0
Non-cash interest expense 16,982 18,516
Changes in assets and liabilities:    
Prepaid expenses and other assets 262,600 61,923
Accounts payable 289,820 (1,202,721)
Accrued expenses (2,282,473) (336,896)
Net cash used in operating activities (17,349,155) (9,970,974)
Cash flows from investing activities:    
Purchases of property and equipment (195,317) (447,170)
Net cash used in investing activities (195,317) (447,170)
Cash flows from financing activities:    
Proceeds from issuance of debt 0 3,000,000
Proceeds from exercise of stock options 26,199 0
Proceeds from exercise of warrants 2,621 0
Payments for issuance costs (544,773) (240,316)
Payments for debt payable (1,106,962) 0
Proceeds from issuance of preferred stock, net of issuance costs 0 52,394,571
Net cash (used in) provided by financing activities (1,622,915) 55,154,255
Net (decrease) increase in cash (19,167,387) 44,736,111
Cash and cash equivalents at beginning of period 130,189,421 13,728,972
Cash and cash equivalents at end of period 111,022,034 58,465,083
Cash paid for:    
Interest 253,412 264,733
Supplemental cash flow information:    
Deferred issuance costs included in accrued expenses and accounts payable 0 33,826
Accrued capital expenditures included in accrued expenses and accounts payable $ 530,500 $ 266,967