Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (3,605,535)us-gaap_NetIncomeLoss $ (5,903,872)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 117,122us-gaap_DepreciationAndAmortization 48,299us-gaap_DepreciationAndAmortization
Stock-based compensation 387,069us-gaap_ShareBasedCompensation 234,200us-gaap_ShareBasedCompensation
Warrant liability (67,860)us-gaap_IncreaseDecreaseInDerivativeLiabilities (5,220)us-gaap_IncreaseDecreaseInDerivativeLiabilities
Amortization of debt discount 46,271us-gaap_AmortizationOfDebtDiscountPremium 28,498us-gaap_AmortizationOfDebtDiscountPremium
Amortization of deferred financing costs 23,364us-gaap_AmortizationOfFinancingCosts 29,555us-gaap_AmortizationOfFinancingCosts
Payment-in-kind interest 74,104ADMA_PaymentinkindInterest 19,505ADMA_PaymentinkindInterest
Amortization of license revenue (18,889)ADMA_AmortizationOfLicenseRevenue (18,889)ADMA_AmortizationOfLicenseRevenue
Changes in operating assets and liabilities    
Accounts receivable 32,518us-gaap_IncreaseDecreaseInAccountsReceivable (484,423)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (232,171)us-gaap_IncreaseDecreaseInInventories 684,566us-gaap_IncreaseDecreaseInInventories
Prepaid expenses (469,771)us-gaap_IncreaseDecreaseInPrepaidExpense (298,868)us-gaap_IncreaseDecreaseInPrepaidExpense
Other assets 0us-gaap_IncreaseDecreaseInOtherOperatingAssets 6,103us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable (69,866)us-gaap_IncreaseDecreaseInAccountsPayable 54,383us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (514,564)us-gaap_IncreaseDecreaseInAccruedLiabilities 526,381us-gaap_IncreaseDecreaseInAccruedLiabilities
Accrued interest 9,051us-gaap_DebtInstrumentIncreaseAccruedInterest 45,000us-gaap_DebtInstrumentIncreaseAccruedInterest
Deferred rent liability 68,382us-gaap_IncreaseDecreaseInDeferredLiabilities (5,548)us-gaap_IncreaseDecreaseInDeferredLiabilities
Net cash used in operating activities (4,220,775)us-gaap_NetCashProvidedByUsedInOperatingActivities (5,040,330)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from short-term investments 0us-gaap_ProceedsFromSaleOfShortTermInvestments 732,143us-gaap_ProceedsFromSaleOfShortTermInvestments
Purchase of short-term investments (6,859,539)us-gaap_PaymentsToAcquireShortTermInvestments 0us-gaap_PaymentsToAcquireShortTermInvestments
Purchase of property and equipment (14,186)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (111,948)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (6,873,725)us-gaap_NetCashProvidedByUsedInInvestingActivities 620,195us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 10,463,005us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from Hercules note payable, net of fees 0us-gaap_ProceedsFromNotesPayable 4,850,000us-gaap_ProceedsFromNotesPayable
Debt issuance costs 0us-gaap_PaymentsOfDebtIssuanceCosts (58,326)us-gaap_PaymentsOfDebtIssuanceCosts
Payments of leasehold improvement loan (3,345)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (3,057)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Net cash provided by financing activities 10,459,660us-gaap_NetCashProvidedByUsedInFinancingActivities 4,788,617us-gaap_NetCashProvidedByUsedInFinancingActivities
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (634,840)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 368,482us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 17,199,030us-gaap_Cash 26,149,477us-gaap_Cash
CASH AND CASH EQUIVALENTS - END OF PERIOD 16,564,190us-gaap_Cash 26,517,959us-gaap_Cash
Cash paid for interest 324,378us-gaap_InterestPaid 106,250us-gaap_InterestPaid
Supplemental Disclosure of Noncash Financing Activities:    
Reclassification of equity issuance costs to additional paid-in capital 11,999ADMA_ReclassificationOfEquityIssuanceCostsToAdditionalPaidinCapital 0ADMA_ReclassificationOfEquityIssuanceCostsToAdditionalPaidinCapital
Warrants issued in connection with note payable 0ADMA_WarrantsIssuedInConnectionWithNotePayable 219,588ADMA_WarrantsIssuedInConnectionWithNotePayable
Accrued equity issuance costs 219,622ADMA_AccruedEquityIssuanceCosts 0ADMA_AccruedEquityIssuanceCosts
Elimination of warrant liability $ 408,900ADMA_EliminationOfWarrantLiability $ 0ADMA_EliminationOfWarrantLiability