XML 55 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to BioTime, Inc. $ (17,608,835) $ (15,282,391)
Adjustments to reconcile net loss attributable to BioTime, Inc. to net cash used in operating activities:    
Depreciation expense 522,714 253,215
Amortization of intangible assets 2,735,996 1,285,145
Amortization of deferred consulting fees 18,993 32,559
Amortization of deferred license fees 54,750 54,750
Amortization of deferred rent (10,080) (4,446)
Amortization of deferred license, royalty and subscription revenues (280) (75,914)
Amortization of stock-based prepaid rent 42,293 0
Net loss allocable to non-controlling interest (3,495,735) (1,346,503)
Stock-based compensation 2,212,141 1,351,795
Deferred income tax benefit (2,862,284) 0
Loss on sale or write-off of equipment 21,031 710
Write-off for uncollectible receivables (16,356) 0
Changes in operating assets and liabilities:    
Accounts receivable, net (36,998) (25,701)
Grant receivable (132,876) (269,365)
Inventory (79,236) (9,429)
Prepaid expenses and other current assets (314,601) (414,449)
Other long term assets 0 (5,000)
Accounts payable and accrued liabilities (2,034,852) (30,865)
Deferred revenues 35,352 62,381
Other long term liabilities (186,386) (41,731)
Net cash used in operating activities (21,135,249) (14,465,239)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (404,649) (735,124)
Security deposit paid, net (306,246) (54,423)
Proceeds from the sale of equipment 4,000 0
Cash used in investing activities (706,895) (789,547)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Employee options exercised 12,500 0
Director options exercised 207,000 0
Proceeds from issuance of common stock 14,724,107 23,810,421
Fees paid on sale of common stock (302,123) (747,907)
Proceeds from sale of treasury stock and subsidiary warrants 13,582,209 1,819,500
Proceeds from sale of preferred stock 3,500,000 0
Proceeds from sale of common shares of subsidiary 468,000 255,502
Net cash provided by financing activities 32,191,693 25,137,516
Effect of exchange rate changes on cash and cash equivalents (123,519) 73,599
NET CHANGE IN CASH AND CASH EQUIVALENTS: 10,226,030 9,956,329
CASH AND CASH EQUIVALENTS:    
At beginning of the period 5,495,478 4,349,967
At end of the period 15,721,508 14,306,296
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 18,655 0
SUPPLEMENTAL SCHEDULE OF NON CASH FINANCING AND INVESTING ACTIVITIES:    
Capital expenditure funded by capital lease borrowing 115,000 0
Common shares issued for consulting services 0 148,920
Common shares issued for rent $ 0 $ 242,726