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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (39,423,321) $ (26,279,827)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,674,490 1,611,422
Loss on disposal of fixed assets 3,518 8,788
Stock-based compensation 1,392,156 1,363,999
Gain on transfer of plasma center assets 0 (11,527,421)
Amortization of debt discount 874,732 340,481
Loss on extinguishment of debt 0 9,962,495
Amortization of license revenue (71,417) (71,417)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (3,044,246) (3,694,222)
Inventories (2,936,614) (5,175,148)
Prepaid expenses and other current assets (2,159,834) 163,747
Deposits and other assets (283,195) 118,832
Accounts payable (2,264,932) 887,753
Accrued expenses 399,295 (529,589)
Other current and non-current liabilities (92,067) (91,029)
Net cash used in operating activities (45,931,435) (32,911,136)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6,243,284) (245,675)
Proceeds from the sale of property and equipment 2,000 0
Net cash used in investing activities (6,241,284) (245,675)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on notes payable 0 (30,000,000)
Payment of end of term fee 0 (2,760,000)
Payment of debt refinancing fees 0 (6,499,867)
Proceeds from issuance of note payable 12,500,000 72,500,000
Payment of debt issuance costs 0 (1,679,661)
Proceeds from the issuance of common stock, net of offering expenses 88,704,039 48,397,088
Proceeds from the exercise of stock options 13,432 75,048
Payments on finance lease obligations (15,765) 14,740
Net cash provided by financing activities 101,201,706 80,017,868
Net increase in cash and cash equivalents 49,028,987 46,861,057
Cash and cash equivalents, including restricted cash - beginning of period 26,752,135 26,754,852
Cash and cash equivalents - end of period $ 75,781,122 $ 73,615,909

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