XML 19 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 28,671,684 $ (19,932,566)
(Income) loss from discontinued operations (37,329,963) 431,856
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,819,382 883,143
Depreciation and amortization 193,845 252,237
Loss on disposal of assets 175,793 591,307
Accretion on marketable securities 39,175 0
Changes in operating assets and liabilities:    
Restricted cash (5,000,722) 0
Prepaid and other current assets 619,528 405,619
Accounts receivable (196,872) (97,904)
Other assets 179,763 147,107
Due to/from PCT (1,231,258) 2,681,195
Accounts payable, accrued liabilities and other liabilities (2,879,408) (2,540,199)
Net cash used in operating activities - continuing operations (14,939,053) (17,178,205)
Net cash used in operating activities (638,069) 2,602,650
Net cash used in operating activities (15,577,122) (14,575,555)
Cash flows from investing activities:    
Purchase of marketable securities 36,421,971 0
Proceeds from PCT sale 70,264,395 0
Net cash sold in PCT sale (6,727,263) 0
Acquisition of property, plant and equipment (97,052) (1,068,129)
Net cash provided by (used in) investing activities - continuing operations 27,018,109 (1,068,129)
Net cash used in investing activities - discontinued operations (188,794) (635,168)
Net cash provided by (used in) investing activities 26,829,315 (1,703,297)
Cash flows from financing activities:    
Proceeds from exercise of options 13,576 0
Tax withholding payments on net share settlement equity awards (357,665) 0
Net proceeds from issuance of common stock 3,278,632 1,050,712
Repayment of long-term debt (5,651,354) (6,348,646)
Proceeds from notes payable 400,998 368,615
Repayment of notes payable (522,313) (489,925)
PCT dividend to Caladrius 0 15,000,000
Net cash (used in) provided by financing activities - continuing operations (2,838,126) 9,580,756
Net cash (used in) provided by financing activities - discontinued operations (74,231) 4,079,371
Net cash (used in) provided by financing activities (2,912,357) 13,660,127
Net increase (decrease) in cash and cash equivalents 8,339,836 (2,618,725)
Cash and cash equivalents at beginning of period - continuing operations 7,076,651 18,657,971
Cash and cash equivalents at beginning of period - discontinued operations 7,628,357 1,660,440
Cash and cash equivalents at end of period 23,044,844 17,699,686
Less cash and cash equivalents of discontinued operations at end of period 0 7,355,294
Cash and cash equivalents at end of period 23,044,844 10,344,392
Cash paid during the period for:    
Interest $ 697,544 $ 973,729