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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (17,211,179) $ (8,460,799) $ (11,763,456)
Adjustments to reconcile net loss to net cash used by operating activities:      
Non-cash interest expense 637,000 0 0
Non-cash compensation 947,910 691,480 431,352
Depreciation and amortization 390,551 218,271 161,613
Bad debt expense 14,762 904 65,378
Foreign currency transaction (gains) losses 784,752 (1,454,136) 358,077
Stock-based compensation 4,437,250 3,313,603 2,756,793
Amortization of loan acquisition costs 97,041 82,054 30,480
Changes in operating assets and liabilities:      
Grants and accounts receivable (1,847,848) (649,318) (889,715)
Inventories (56,751) 57,320 340,392
Prepaid expenses and other current assets (731,672) (76,981) 187,099
Other assets (6,345) (15,000) (41,112)
Accounts payable and accrued expenses 1,704,845 (168,103) 1,632,132
Net cash used by operating activities (10,839,684) (6,460,705) (6,730,967)
Cash flows from investing activities:      
Purchases of property and equipment (671,970) (990,673) (140,724)
Patent costs (848,294) (687,446) (454,807)
Proceeds from sale of short-term investments 0 0 2,192,000
Net cash provided/(used) by investing activities (1,520,264) (1,678,119) 1,596,469
Cash flows from financing activities:      
Proceeds from long-term debt 666,667 5,000,000 5,000,000
Repayment of long-term debt (666,667) 0 0
Payment of loan acquisition costs (147,988) (1,560) (118,833)
Equity contributions - net of fees incurred 14,126,525 13,679,730 0
Proceeds from exercise of stock options 2,206,860 591,899 118,040
Proceeds from exercise of warrants 1,280,456 853,004 65,000
Net cash provided by financing activities 17,465,853 20,123,073 5,064,207
Effect of exchange rates on cash (58,930) 92,435 (1,382)
Net change in cash and cash equivalents 5,046,975 12,076,684 (71,673)
Cash and cash equivalents at beginning of year 17,321,862 5,245,178 5,316,851
Cash and cash equivalents at end of year 22,368,837 17,321,862 5,245,178
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest 891,386 634,608 175,897
Supplemental disclosure of non-cash financing activities:      
Settlement of accrued bonuses with restricted stock units 545,693 207,608 0
Dividend, warrant exercise price adjustment $ 0 $ 335,731 $ 0