XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (59,501,016) $ (67,197,746)
Change in value of derivatives (233,052) (2,446,403)
Acquired in-process research and development   10,142,786
Stock-based compensation 7,547,967 6,706,009
Depreciation and amortization 2,416,461 1,480,656
Amortization of note premiums 201,346 945,114
Changes in operating assets and liabilities:    
Prepaid expenses and Other Current Assets (887,426) (3,522,763)
Accounts payable 913,664 2,328,360
Accrued expenses (4,728,300) (2,155,033)
Other 24,249 31,639
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (54,246,107) (53,687,381)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,147,748) (1,135,651)
Proceeds from sale of fixed assets   500
Proceeds from sale of marketable securities 16,308,000 19,411,146
Cash paid for acquisitions   (10,000,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 15,160,252 8,275,995
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on capital leases and notes payable (162,824) (160,162)
Payments of taxes for net share settled restricted stock unit issuances (634,187)  
Proceeds from the exercise of warrants and stock options 2,285,055 313,751
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,488,044 153,589
NET INCREASE (DECREASE) IN CASH (37,597,811) (45,257,797)
CASH AT BEGINNING OF PERIOD 81,214,354 132,510,610
CASH AT END OF PERIOD 43,616,543 87,252,813
Supplementary disclosures:    
Interest paid (8,906) (11,153)
Property and Equipment purchased through tenant improvement allowance financing (4,849,360)  
Income Tax Credits Refunded 1,365,288  
Income Taxes Paid $ (2,400) (2,400)
Common Stock issued to Novartis for asset acquisition   $ (25,000,000)