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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (40,964,291) $ (21,739,171)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,148,010 617,469
Net accretion of bond discounts/premiums 978,132 366,132
Amortization of right to use assets 305,140 169,904
Stock-based compensation 10,327,658 6,119,711
Changes in operating assets and liabilities:    
Account receivable 1,000,000 0
Other receivables 2,268,276 2,402,390
Prepaid expenses and other current assets (2,096,766) 243,036
Accounts payable 1,772,142 (1,911,635)
Accrued expenses (10,858,639) (819,180)
Deferred revenue (2,537,715) (2,211,793)
Operating lease liabilities (310,412) (186,824)
Net cash used in operating activities (38,968,465) (16,949,961)
Cash flows from investing activities:    
Purchase of marketable securities (240,502,151) (8,605,116)
Maturities of marketable securities 33,675,000 52,462,085
Purchase of property, equipment and leasehold improvements (989,902) (1,362,224)
Net cash (used in) provided by investing activities (207,817,053) 42,494,745
Cash flows from financing activities:    
Proceeds from exercise of stock options 4,480,692 1,350,482
Net cash provided by financing activities 4,480,692 1,350,482
Net (decrease) increase in cash and cash equivalents (242,304,826) 26,895,266
Cash and cash equivalents, beginning of the period 588,373,232 9,211,057
Cash and cash equivalents, end of the period 346,068,406 36,106,323
Supplemental disclosure of cash flow information:    
Purchases of property, equipment and leasehold improvements unpaid at period end 108,917 375,602
Cash paid for interest $ 16,250 $ 16,250