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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (12,170,220) $ (9,170,410)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,485,705 1,415,301
Stock-based 401K company common match 121,620 0
Depreciation expense 42,306 15,300
Amortization of debt discount 12,365 22,534
Amortization of debt issuance costs 27,102 21,016
Non-cash interest expense 92,549 8,955
Changes in assets and liabilities:    
Prepaid expenses and other assets 255,055 151,571
Accounts payable (943,416) 842,864
Accrued expenses 303,255 (2,381,078)
Net cash used in operating activities (10,773,679) (9,073,947)
Cash flows from investing activities:    
Purchases of property and equipment (89,284) (77,287)
Net cash used in investing activities (89,284) (77,287)
Cash flows from financing activities:    
Proceeds from exercise of stock options 50,960 546
Proceeds from exercise of warrants 3,745 0
Payments for issuance costs 0 (549,178)
Repayment of debt 0 (547,140)
Net cash provided by (used in) financing activities 54,705 (1,095,772)
Net decrease in cash (10,808,258) (10,247,006)
Cash and cash equivalents at beginning of period 106,398,919 130,189,421
Cash and cash equivalents at end of period 95,590,661 119,942,415
Cash paid for:    
Interest 343,125 133,047
Supplemental cash flow information:    
Accrued capital expenditures included in accrued expenses and accounts payable $ 0 $ 5,000