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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net (loss) income $ (28,599,303) $ 9,265,598
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization   13,100
Accretion of marketable securities premium   (86,774)
Amortization of right-of-use assets 101,786 118,487
Stock-based compensation expense 4,014,650 7,739,704
Non-cash interest expense associated with the sale of future royalties 4,594,985  
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 232,813 (1,191,811)
Capitalized software (51,080)  
Other noncurrent assets 14,808  
Accounts payable 204,895 (1,615,419)
Accrued expenses and other current liabilities (171,158) 396,747
Operating lease liabilities, current (111,229) (15,945)
Deferred revenue   (41,175,600)
Operating lease liabilities, noncurrent   (111,229)
Net cash used in operating activities (19,768,833) (26,663,142)
Cash flows from investing activities:    
Proceeds from the maturity and redemption of marketable securities   28,400,000
Purchase of marketable securities   (3,871,706)
Net cash provided by investing activities   24,528,294
Cash flows from financing activities:    
Proceeds from the sale of future royalties 60,000,000  
Proceeds from sales of common stock in public offering   12,550,069
Fees paid in connection with public offering   (455,666)
Proceeds from exercise of stock options   1,143,655
Net cash provided by financing activities 60,000,000 13,238,058
Net increase in cash, cash equivalents and restricted cash 40,231,167 11,103,210
Cash, cash equivalents and restricted cash    
Beginning of period 25,456,952 21,512,623
End of period 65,688,119 32,615,833
Reconciliation of the Condensed Consolidated Statements of Cash Flows to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 65,588,119 32,515,833
Restricted cash 100,000 100,000
Total cash, cash equivalents and restricted cash $ 65,688,119 $ 32,615,833