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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (81,070,827) $ (61,544,179)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 17,760,007 9,187,339
Amortization of intangible asset 925,650  
Amortization of debt discount 683,022 560,752
Depreciation 104,430 18,075
Change in fair value of contingent consideration (860,000)  
Amortization of operating lease right-of-use asset 553,960 530,437
Change in operating lease liability (472,935) (631,591)
Changes in operating assets and liabilities:    
Accounts receivable, net (16,167,927)  
Inventories, net 277,254  
Prepaid expenses and other current assets (1,204,490) (287,431)
Accounts payable 6,281,632 (1,892,026)
Accrued expenses and other current liabilities 7,185,142 1,449,582
Other assets (184,554)  
Net cash used in operating activities (66,189,636) (52,609,042)
Cash flows from investing activities    
Purchases of equipment (455,195) (48,872)
Cash paid for business combination (53,000,000)  
Net cash used in investing activities (53,455,195) (48,872)
Cash flows from financing activities    
Proceeds from draw down 45,000,000  
Payment of debt issuance costs (487,160)  
Proceeds from issuance of common stock upon financing, net 61,803,248 7,212,367
Proceeds from issuance of common stock upon exercise of options 358,049 2,872,194
Payments of tax withholdings on stock award (107,520) (84,010)
Net cash (used in) provided by financing activities 106,566,617 10,000,551
Net (decrease) increase in cash (13,078,214) (42,657,363)
Cash at beginning of period 86,472,854 183,876,453
Cash at end of period 73,394,640 141,219,090
Supplemental disclosures of cash flow information:    
Interest paid 2,586,375 $ 2,312,917
Operating lease right-of-use asset obtained in exchange for operating lease liability 561,380  
Supplemental non-cash investing activities:    
Fair value of contingent consideration in a business combination $ 35,280,407