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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (88,205,772) $ (73,740,339) $ (29,102,837)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,850,376 1,708,498 1,048,431
Amortization of intangible assets 1,618,665 1,377,466 870,199
Change in value of common stock warrants (806,819) (127,554) (177,561)
Stock-based compensation 13,070,962 10,479,135 6,186,848
Amortization of premiums on investments 319,845 266,290 348,566
Deferred taxes (150,027) (849) 14,166
Deferred rent 3,608,881 (16,728) 383,584
Loss on short-term investments 215,423 139,249 432,174
Gain on investment in affiliated entity 6,982,664 (1,110,787) (2,600,467)
Gain on sale of intangible assets (1,000,000) (1,000,000) (1,000,000)
Income tax benefit from other unrealized gains on securities 0 0 (2,097,766)
Changes in operating assets and liabilities:      
Accounts receivable 9,818,306 (8,521,899) (4,497,225)
Accounts receivable from affiliated entity 261,736 (714,908) (31,627)
Prepaid expenses and other current assets (851,847) (831,802) (119,284)
Prepaid expenses and other current assets from affiliated entity (333,583) (901,772) 771,723
Other assets (526,207) (1,442,314) (196,265)
Accounts payable and accrued expenses 2,829,807 6,367,965 6,456,581
Accrued clinical trial expenses 2,243,503 3,767,906 593,051
Accounts payable and accrued expenses due to affiliated entity (145,636) 907,532 136,640
Deferred revenue (13,689,322) 1,527,686 10,191,840
Deferred revenue from affiliated entity (319,876) (687,827) (49,672)
Net cash used in operating activities (63,208,921) (62,555,052) (12,438,901)
Cash flows from investing activities:      
Purchases of investments (95,700,144) (57,317,671) (63,526,830)
Maturities of investments 77,162,902 76,528,030 10,484,267
Purchases of capital assets (10,293,902) (2,738,470) (2,781,544)
Proceeds from sale of intangible assets 1,000,000 1,000,000 1,000,000
Purchase of intangible and other assets 0 (1,200,000) 0
Net cash provided by (used in) investing activities (27,831,144) 16,271,889 (54,824,107)
Cash flows from financing activities:      
Proceeds from issuance of common stock and warrants, net of issuance costs 94,347,922 6,295,761 81,902,363
Proceeds from stock option and warrant exercises, net of tax payments 1,342,250 1,640,740 2,598,915
Expenses from other financing activities 0 (149,559) (149,559)
Net cash provided by financing activities 95,690,172 7,786,942 84,351,719
Increase (Decrease) in cash and cash equivalents 4,650,107 (38,496,221) 17,088,711
Cash and cash equivalents, beginning of period 19,136,472 57,632,693 40,543,982
Cash and cash equivalents, end of period 23,786,579 19,136,472 57,632,693
Supplemental disclosure of non-cash activities      
Common stock issued for purchase of Bioject 0 4,300,000 0
Change in amounts accrued for purchases of property and equipment 851,204 164,923 225,148
Lease incentive recorded as fixed assets and deferred rent $ 0 $ 523,856 $ 773,000