ADMA Biologics, Inc(NASDAQ:ADMA)

ADMA Biologics, Inc., a biopharmaceutical company, develops, manufactures, and markets specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States. It offers BIVIGAM, an intravenous immune globulin product indicated for the treatment of pr...
Website: http://www.admabiologics.com
Founded: 2007
Full Time Employees: 313
CEO: Adam Grossman
Sector: Healthcare
Industry: Biotechnology
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 114,493,000 | 139,163,000 | 134,224,000 | 121,984,000 | 114,802,000 | 117,549,000 | 119,839,000 | 107,191,000 | 81,875,000 | 73,903,677 | 67,274,598 | 60,123,191 | 56,913,534 | 792,935 | 523,284 | 360,338 | 230,096 | 4,400 | |||||||||||||||||||||||||||||||||||||||
yoy | -0.27% | 18.39% | 12.00% | 13.80% | 40.22% | 59.06% | 78.13% | 78.29% | 43.86% | 17921.25% | |||||||||||||||||||||||||||||||||||||||||||||||
qoq | -17.73% | 3.68% | 10.03% | 6.26% | -2.34% | -1.91% | 11.80% | 30.92% | 10.79% | 9.85% | 11.89% | 5.64% | 51.53% | 45.22% | 56.60% | 5129.45% | |||||||||||||||||||||||||||||||||||||||||
cost of product revenue | 33,743,000 | 50,347,000 | 58,598,000 | 54,757,000 | 53,705,000 | 54,216,000 | 60,180,000 | 49,738,000 | 42,767,000 | 42,817,255 | 42,622,013 | 43,433,188 | 40,400,544 | 35,804,379 | 31,433,496 | 26,135,614 | 25,441,046 | 22,871,382 | 20,295,213 | 18,832,624 | 17,770,122 | 19,111,107 | 11,855,464 | 13,495,629 | 16,829,226 | 11,691,603 | 7,916,220 | 10,491,236 | 9,405,179 | 11,142,116 | 9,164,109 | 9,645,662 | 12,242,748 | 11,922,899 | 11,291,116 | 4,334,019 | 1,616,287 | 2,014,328 | 1,735,771 | 1,344,241 | 1,266,421 | 1,502,735 | 1,112,782 | 786,315 | 909,629 | 956,841 | 867,681 | 940,815 | 977,030 | 282,389 | 726,245 | 485,761 | |||||
gross profit | 80,750,000 | 88,816,000 | 75,626,000 | 67,227,000 | 61,097,000 | 63,333,000 | 59,659,000 | 57,453,000 | 39,108,000 | 31,086,422 | 24,652,585 | 16,690,003 | 16,512,990 | 14,177,076 | 9,656,641 | 7,769,393 | 3,662,047 | 263,889 | 142,989 | 215,647 | 88,226 | ||||||||||||||||||||||||||||||||||||
yoy | 32.17% | 40.24% | 26.76% | 17.01% | 56.23% | 103.73% | 142.00% | 244.24% | 136.83% | 119.27% | 155.29% | 114.82% | 350.92% | ||||||||||||||||||||||||||||||||||||||||||||
qoq | -9.08% | 17.44% | 12.49% | 10.03% | -3.53% | 6.16% | 3.84% | 46.91% | 25.80% | 26.10% | 47.71% | 1.07% | 16.48% | 46.81% | 24.29% | 112.16% | 84.55% | -33.69% | 144.43% | ||||||||||||||||||||||||||||||||||||||
gross margin % | 70.53% | 63.82% | 56.34% | 55.11% | 53.22% | 53.88% | 49.78% | 53.60% | 47.77% | 42.06% | 36.64% | 27.76% | 29.01% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | 33.28% | 27.33% | 59.85% | 38.34% | 0% |
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 2,597,000 | 1,376,000 | 1,528,000 | 1,031,000 | 826,000 | 391,000 | 412,000 | 560,000 | 450,000 | 445,486 | 595,903 | 1,403,260 | 855,351 | 1,074,320 | 1,041,947 | 873,386 | 624,111 | 728,988 | 770,557 | 1,158,866 | 987,649 | 1,013,464 | 1,708,391 | 1,656,420 | 1,528,738 | 464,823 | 491,404 | 516,986 | 870,635 | -144,920 | 1,317,234 | 1,472,100 | 1,281,706 | 1,864,382 | 1,814,069 | 1,358,409 | 1,192,727 | 583,374 | 1,677,263 | 3,399,889 | 2,027,712 | 1,996,808 | 2,111,505 | 1,505,909 | 1,401,723 | 1,919,719 | 1,482,929 | 1,783,909 | 4,330,457 | 2,956,153 | 1,408,990 | 3,470,350 | 1,467,584 | ||||
plasma center operating expenses | 1,062,000 | 1,126,000 | 1,272,000 | 1,152,000 | 1,286,000 | 1,277,000 | 1,021,000 | 942,000 | 1,005,000 | 685,215 | 466,898 | 1,333,424 | 1,780,463 | 5,087,571 | 4,859,450 | 3,921,486 | 3,974,589 | 4,096,833 | 3,146,221 | 2,803,326 | 2,242,343 | 1,572,607 | 1,218,898 | 877,902 | 500,644 | 464,131 | 456,899 | 594,113 | 654,486 | 2,260,379 | 1,973,338 | 1,738,128 | 419,103 | 489,300 | 379,168 | 461,493 | |||||||||||||||||||||
amortization of intangible assets | 55,000 | 51,000 | 38,000 | 32,000 | 25,000 | 25,000 | 28,000 | 142,000 | 193,000 | 187,486 | 178,838 | 178,838 | 178,838 | 178,839 | 178,838 | 178,838 | 178,838 | 178,839 | 178,838 | 178,838 | 178,838 | 178,839 | 178,838 | 178,838 | 178,838 | 211,234 | 211,235 | 211,234 | 211,235 | ||||||||||||||||||||||||||||
gain on sale of plasma centers | -7,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 26,742,000 | 23,512,000 | 21,776,000 | 22,214,000 | 24,079,000 | 23,317,000 | 18,560,000 | 16,608,000 | 15,639,000 | 15,534,999 | 14,725,787 | 14,247,558 | 14,511,656 | 13,894,888 | 12,893,139 | 11,970,422 | 13,699,575 | 11,698,009 | 10,726,797 | 10,438,168 | 10,033,915 | 9,300,359 | 9,115,744 | 8,702,630 | 7,932,084 | 7,032,067 | 7,197,173 | 6,086,047 | 5,595,470 | 7,135,275 | 5,355,794 | 5,006,807 | 5,005,046 | 5,184,337 | 4,195,464 | 4,435,650 | |||||||||||||||||||||
total operating expenses | 22,476,000 | 26,065,000 | 24,614,000 | 24,429,000 | 26,216,000 | 25,010,000 | 20,021,000 | 18,252,000 | 17,287,000 | 16,853,186 | 15,967,426 | 17,163,080 | 17,326,308 | 20,235,618 | 18,973,374 | 16,944,132 | 18,477,113 | -40,195,290 | 35,117,626 | 33,411,822 | 31,212,867 | 31,176,376 | 24,077,335 | 24,911,419 | 26,969,530 | 19,863,858 | 16,272,931 | 17,899,616 | 16,737,005 | 20,604,084 | 18,021,710 | 18,073,931 | 20,574,509 | 22,546,242 | 19,157,171 | 11,801,269 | 8,565,874 | 7,271,681 | 6,674,735 | 7,762,594 | 6,282,422 | 6,642,848 | 6,516,611 | 4,826,538 | 4,705,443 | 5,197,682 | 4,404,212 | 5,087,639 | 7,244,545 | 4,942,275 | 3,638,312 | 5,586,397 | 3,413,978 | 2,383,296 | 3,464,467 | 1,294,766 | |
income from operations | 58,274,000 | 62,751,000 | 51,012,000 | 42,798,000 | 34,881,000 | 38,323,000 | 39,638,000 | 39,201,000 | 21,821,000 | 14,233,236 | 8,685,159 | -473,077 | -813,318 | -6,058,542 | -9,316,733 | -9,174,739 | -14,815,066 | -13,191,184 | -14,437,076 | -15,581,232 | -15,164,249 | -17,220,289 | -13,800,977 | -17,123,825 | -16,769,786 | -7,826,809 | -9,050,428 | -11,338,674 | -13,208,416 | -16,547,660 | -13,791,400 | -13,417,381 | -16,532,503 | -10,543,365 | -14,427,760 | -8,401,868 | -5,937,003 | -3,944,137 | -3,736,872 | -5,490,850 | -4,158,536 | -4,130,667 | -4,664,198 | -3,516,605 | -3,202,337 | -3,708,945 | -3,038,282 | -3,587,320 | -5,683,986 | -4,518,244 | -2,530,971 | -4,843,127 | -3,150,089 | -2,240,307 | -3,248,820 | -1,206,540 | -1,213,502 |
yoy | 67.07% | 63.74% | 28.69% | 9.18% | 59.85% | 169.25% | 356.39% | -8386.39% | -2782.96% | -334.93% | -193.22% | -94.84% | -94.51% | -54.07% | -35.47% | -41.12% | -2.30% | -23.40% | 4.61% | -9.01% | -9.57% | 120.02% | 52.49% | 51.02% | 26.96% | -52.70% | -34.38% | -15.49% | -20.11% | 56.95% | -4.41% | 59.70% | 178.47% | 167.32% | 286.09% | 53.02% | 42.77% | -4.52% | -19.88% | 56.14% | 29.86% | 11.37% | 53.51% | -1.97% | -43.66% | -17.91% | 20.04% | -25.93% | 80.44% | 101.68% | -22.10% | 301.41% | 159.59% | ||||
qoq | -7.13% | 23.01% | 19.19% | 22.70% | -8.98% | -3.32% | 1.11% | 79.65% | 53.31% | 63.88% | -1935.89% | -41.83% | -86.58% | -34.97% | 1.55% | -38.07% | 12.31% | -8.63% | -7.34% | 2.75% | -11.94% | 24.78% | -19.40% | 2.11% | 114.26% | -13.52% | -20.18% | -14.16% | -20.18% | 19.99% | 2.79% | -18.84% | 56.80% | -26.92% | 71.72% | 41.52% | 50.53% | 5.55% | -31.94% | 32.04% | 0.67% | -11.44% | 32.63% | 9.81% | -13.66% | 22.07% | -15.30% | -36.89% | 25.80% | 78.52% | -47.74% | 53.75% | 40.61% | -31.04% | 169.27% | -0.57% | |
operating margin % | 50.90% | 45.09% | 38.01% | 35.08% | 30.38% | 32.60% | 33.08% | 36.57% | 26.65% | 19.26% | 12.91% | -0.79% | -1.43% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -397.27% | -428.12% | -901.60% | -524.36% | -27579.59% |
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 1,093,000 | 67,160.75 | 1,164 | 19,411 | 248,068 | 154,775.75 | 281,896 | 209,808 | 127,399 | ||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -2,100,000 | -1,371,000 | -1,675,000 | -2,879,000 | -3,499,000 | -3,783,000 | -3,769,000 | -6,214,856 | -6,397,553 | -6,299,107 | -6,115,484 | -5,736,954 | -5,580,366 | -4,573,015 | -3,389,038 | -3,315,724 | -3,298,680 | -3,246,680 | -3,195,750 | -3,109,469 | -3,091,200 | -3,067,306 | -2,717,091 | -2,730,890 | -2,649,404 | -2,072,578 | -1,540,507 | -1,437,968 | -1,402,475 | -1,359,188 | -1,323,152 | -1,241,865 | -782,969 | -642,485 | -618,528 | -628,158 | -605,972 | -537,998 | -467,441 | -463,938 | -449,328 | -453,411 | -476,040 | -381,281 | -335,299 | -342,750 | -226,885 | -167,651 | -162,934 | -158,844 | -128,796 | -3,098 | -8,494 | ||||
other expense | -140,000 | -48,750 | -21,000 | -86,000 | -56,000 | -16,000 | -35,000 | -101,362 | -145,827 | -12,827 | -26,984 | -438,447 | -9,641 | -19,421 | -166,880 | 9,564,066 | -3,275,878 | -83,317 | -42,001 | -89,296 | -26,440 | -6,371 | -6,421 | -185,014 | -20,523 | -1,873,198 | -112,565 | -17,191 | -1,330,450 | -1,289,639 | -2,439,437 | -774,955 | -634,627 | -614,971 | -594,367 | -521,485 | -453,933 | -451,986 | -438,226 | ||||||||||||||||||
other income | -1,147,000 | -26,693 | 18,546 | -2,475,444 | -10,428 | -11,357 | -4,332 | 6,967 | 4,496 | -235,054.5 | -346,407 | 82,497 | 367.75 | 3,073 | |||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 57,127,000 | 61,595,000 | 47,515,000 | 40,097,000 | 33,450,000 | 34,713,000 | 36,749,000 | 35,851,000 | 18,401,000 | -2,706,509.5 | -2,688,947 | -4,895,444 | -3,241,647 | -2,251,537 | -3,245,747 | -1,206,715 | -1,214,929 | ||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 11,799,000 | 5,877,500 | 11,087,000 | 5,878,000 | 6,546,000 | 1,306,000 | 840,000 | 3,789,000 | 595,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net income | 45,328,000 | 49,379,000 | 36,428,000 | 34,219,000 | 26,904,000 | 111,896,000 | 35,909,000 | 32,062,000 | 17,806,000 | -17,644,533 | 2,565,055 | -6,370,707 | -6,788,815 | -12,231,683 | -14,899,504 | -13,764,906 | -25,007,857 | -16,649,420 | -17,712,954 | -18,905,303 | -18,379,941 | -19,407,774 | -16,917,453 | -20,178,091 | -19,245,230 | -10,561,031 | -11,438,459 | -13,211,872 | -13,067,955 | -18,037,987 | -15,135,485 | -14,747,831 | -17,822,142 | -12,982,802 | -15,202,715 | -9,036,495 | -6,536,963 | -4,559,108 | -4,331,239 | -6,012,335 | -4,612,469 | -4,582,653 | -5,102,424 | -4,679,318 | -3,605,535 | -3,563,357 | -3,384,689 | -3,961,245 | -5,903,872 | -4,701,208 | -2,688,947 | -4,895,444 | -3,241,647 | -2,251,537 | -3,245,747 | -1,206,715 | -597,314 |
yoy | 68.48% | -55.87% | 1.45% | 6.73% | 51.10% | -734.17% | 1299.93% | -603.27% | -362.28% | 44.25% | -117.22% | -53.72% | -72.85% | -26.53% | -15.88% | -27.19% | 36.06% | -14.21% | 4.70% | -6.31% | -4.50% | 83.77% | 47.90% | 52.73% | 47.27% | -41.45% | -24.43% | -10.41% | -26.68% | 38.94% | -0.44% | 63.20% | 172.64% | 184.77% | 251.00% | 50.30% | 41.72% | -0.51% | -15.11% | 28.49% | 27.93% | 28.60% | 50.75% | 18.13% | -38.93% | -24.20% | 25.87% | -19.08% | 82.13% | 108.80% | -17.15% | 305.68% | 442.70% | ||||
qoq | -8.20% | 35.55% | 6.46% | 27.19% | -75.96% | 211.61% | 12.00% | 80.06% | -200.92% | -787.88% | -140.26% | -6.16% | -44.50% | -17.91% | 8.24% | -44.96% | 50.20% | -6.00% | -6.31% | 2.86% | -5.30% | 14.72% | -16.16% | 4.85% | 82.23% | -7.67% | -13.42% | 1.10% | -27.55% | 19.18% | 2.63% | -17.25% | 37.28% | -14.60% | 68.24% | 38.24% | 43.38% | 5.26% | -27.96% | 30.35% | 0.65% | -10.19% | 9.04% | 29.78% | 1.18% | 5.28% | -14.55% | -32.90% | 25.58% | 74.83% | -45.07% | 51.02% | 43.97% | -30.63% | 168.97% | 102.02% | |
net income margin % | 39.59% | 35.48% | 27.14% | 28.05% | 23.44% | 95.19% | 29.96% | 29.91% | 21.75% | -23.88% | 3.81% | -10.60% | -11.93% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -408.82% | -430.27% | -900.75% | -524.44% | -13575.32% |
basic earnings per common share | 190 | 210 | 150 | 140 | 110 | 480 | 150 | 140 | 80 | ||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share | 190 | 200 | 150 | 140 | 110 | 460 | 150 | 130 | 80 | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 236,072,751,000 | 238,299,024,000 | 238,602,978,000 | 241,490,715,000 | 237,775,476,000 | 233,084,236,000 | 234,571,376,000 | 232,417,645,000 | 228,874,847,000 | 225,276,980 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted | 239,955,762,000 | 244,904,640,000 | 244,664,263,000 | 248,608,460,000 | 244,676,350,000 | 243,342,466,000 | 244,804,065,000 | 242,167,072,000 | 236,414,374,000 | 233,761,262 | |||||||||||||||||||||||||||||||||||||||||||||||
interest income | 487,000 | 376,000 | 400,000 | 608,000 | 598,000 | 666,000 | 449,000 | 384,000 | 612,449 | 423,276 | 414,304 | 166,971 | 2,260 | 7,236 | 2,269 | 33,068 | 2,291 | 4,256 | 5,926 | 22,059 | 60,206 | 75,581 | 33,070 | 26,546 | 8,610 | 8,014 | 7,858 | 18,568 | 13,187 | 11,605 | 12,017 | 13,508 | 11,952 | 11,102 | 9,795 | 4,982 | 5,305 | 3,508 | 3,625 | 1,779 | 1,965 | 2,145 | 3,003 | 510 | 2,923 | 7,067 | |||||||||||
loss on extinguishment of debt | -834,000 | -2,177,000 | -6,669,941 | -9,962,495 | -719,097 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per common share | -0.013 | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per common share | -0.013 | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per common share | -0.03 | -0.03 | -0.06 | -0.08 | -0.07 | -0.13 | -0.07 | -0.13 | -0.15 | -0.16 | -0.2 | -0.19 | -0.23 | -0.26 | -0.17 | -0.19 | -0.25 | -0.28 | -0.39 | -0.33 | -0.35 | -0.39 | -0.24 | -0.59 | -0.55 | ||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 223,977,315,000 | 222,683,393 | 221,921,750 | 197,874,895 | 196,383,935 | 196,353,185 | 195,871,932 | 139,578,538 | 133,770,147 | 127,416,126 | 115,661,937 | 86,145,052 | 87,698,258 | 86,347,467 | 73,781,507 | 54,348,136 | 59,317,830 | 52,206,204 | 46,353,068 | 45,188,899 | 46,350,392 | 42,712,168 | 45,317,042 | 22,896,042 | 25,790,805 | 16,427,054 | |||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product revenue | 49,945,746 | 41,054,429 | 33,869,298 | 29,067,385 | 26,347,158 | 20,644,842 | 17,794,881 | 16,012,910 | 13,920,378 | 10,240,650 | 7,751,885 | 10,164,036 | 12,001,340 | 7,186,795 | 6,525,233 | 3,492,881 | 4,020,715 | 4,194,602 | 4,620,841 | 4,006,298 | 4,967,168 | 4,693,703 | 3,363,692 | 2,593,163 | 3,291,835 | 2,902,155 | 2,236,035 | 2,088,178 | 2,453,793 | 1,821,229 | 1,291,044 | 1,484,217 | 1,469,848 | 1,347,041 | 1,481,430 | 1,541,670 | 405,142 | 1,088,452 | 736,974 | ||||||||||||||||||
license revenue | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 17,240.5 | 31,184 | 18,889 | 18,889 | 18,889 | 18,889 | 18,889 | 18,889 | 18,889 | 18,889 | 6,296 | ||||||||||||||||||||||||||||||
total revenues | 49,981,455 | 41,090,137 | 33,905,007 | 29,103,093 | 26,382,867 | 20,680,550 | 17,830,590 | 16,048,618 | 13,956,087 | 10,276,358 | 7,787,594 | 10,199,744 | 12,037,049 | 7,222,503 | 6,560,942 | 3,528,589 | 4,056,424 | 4,230,310 | 4,656,550 | 4,042,006 | 12,002,877 | 4,729,411 | 3,399,401 | 2,628,871 | 3,327,544 | 2,937,863 | 2,271,744 | 2,123,886 | 2,512,181 | 1,852,413 | 1,309,933 | 1,503,106 | 1,488,737 | 1,365,930 | 1,500,319 | 1,560,559 | 424,031 | 1,107,341 | 743,270 | ||||||||||||||||||
gain on transfer of plasma center assets | 11,527,421 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
license and other revenue | 26,781.25 | 35,708 | 35,709 | 35,708 | 26,781.25 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | 35,709 | 35,708 | |||||||||||||||||||||||||||||||||||||||||||||
amortization of intangibles | 158,426 | 211,235 | 211,234 | 211,235 | 887,825 | 273,828 | 73,021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
plasma centers | 1,833,774 | 1,841,410 | 1,582,694 | 1,600,170 | 1,479,476 | 1,390,385 | 1,482,586 | 1,294,301 | 1,280,419 | 1,258,935 | 1,214,158 | 1,096,878 | 660,425 | 1,018,382 | 820,849 | ||||||||||||||||||||||||||||||||||||||||||
general and administrative | 4,277,384 | 3,283,594 | 1,779,115 | 1,724,163 | 1,707,870 | 1,884,370 | 2,078,166 | 1,437,436 | 1,345,997 | 1,111,994 | 1,035,220 | 1,542,066 | 1,134,589 | 998,635 | 845,301 | ||||||||||||||||||||||||||||||||||||||||||
other expense,net | -599,960 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.51 | -0.35 | -0.34 | -0.5 | -0.43 | -0.45 | -0.48 | -0.44 | -0.37 | -0.38 | -0.36 | -0.43 | -0.64 | -0.54 | -0.46 | -0.83 | |||||||||||||||||||||||||||||||||||||||||
weighted-average shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding, basic and diluted | 12,886,741 | 247,131 | 12,886,741 | 12,121,500 | 10,710,587 | -13,005 | 10,707,728 | 9,855,323 | 9,291,823 | 9,291,823 | 9,291,823 | 660,027 | 5,871,002 | 5,871,002 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of stock warrants | 67,860 | -11,049 | -14,616 | -34,800 | 5,220 | -17,278 | 2,813 | 21,027 | 36,728 | ||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -1,162,713 | -403,198 | -219,886 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-averageshares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding, basic anddiluted | 10,705,573 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plasma center | 1,048,094 | 802,469 | 705,098 | 657,776 | 539,994 | 515,288 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.51 | -0.35 | -0.34 | -0.5 | -0.43 | -0.45 | -0.48 | -0.44 | -0.37 | -0.38 | -0.36 | -0.43 | -0.64 | -0.54 | -0.46 | -0.83 | |||||||||||||||||||||||||||||||||||||||||
total other income | -373,925 | -182,964 | -157,976 | -52,317 | -91,558 | -175 | -1,427 | ||||||||||||||||||||||||||||||||||||||||||||||||||
state income tax benefit | 617,615 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and adminstrative | 1,090,292 | 1,431,106 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 529,046 | 72,190.25 | 144,691 | 141,870 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share, basic and diluted | -0.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares outstanding, basic and diluted | 5,871,002 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development expenses | 1,267,947 | 1,940,637 | 178,674 | 81,820 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of research and development inventory | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 696,246 | 1,034,530 | 736,924 | 674,589 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.49 | -0.7 | -0.26 | -0.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding – basic and diluted | 4,654,303 | 4,654,303 | 2,648,087 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | 1,217,902 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-03-31 | 2008-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 138,153,000 | 87,630,000 | 61,385,000 | 90,285,000 | 71,625,000 | 103,147,000 | 86,707,000 | 88,244,000 | 45,325,000 | 51,352,000 | 74,156,765 | 62,512,889 | 69,204,163 | 86,521,542 | 34,906,020 | 52,415,053 | 69,504,946 | 51,089,118 | 34,410,570 | 42,408,958 | 61,965,709 | 55,921,152 | 59,675,045 | 75,781,122 | 101,235,699 | 26,752,135 | 48,006,152 | 73,615,909 | 16,534,278 | 22,754,852 | 42,367,489 | 55,153,975 | 26,119,837 | 43,107,574 | 13,601,391 | 25,574,009 | 8,542,928 | 9,914,867 | 7,905,975 | 12,549,173 | 8,925,132 | 10,440,959 | 9,177,767 | 7,821,841 | 16,564,190 | 17,199,030 | 13,951,525 | 17,869,031 | 26,517,959 | 26,149,477 | 5,380,043 | 7,653,479 | 10,320,517 | 12,535,672 | 10,720,397 | 12,887,788 | 14,239,828 | 8,079 | 5,909 | 8,512 | 16,192 | 3,100 | 3,619 | 12,012 | 2,934 | 6,844 | 9,270 | 10,108 | 8,028 |
accounts receivable | 135,862,000 | 158,429,000 | 137,673,000 | 109,726,000 | 99,412,000 | 49,999,000 | 50,140,000 | 30,113,000 | 49,621,000 | 27,421,000 | 31,318,680 | 36,731,612 | 26,518,495 | 15,505,048 | 20,902,385 | 18,883,847 | 25,629,625 | 28,576,857 | 20,392,621 | 23,544,594 | 15,362,030 | 13,237,290 | 6,334,536 | 6,514,165 | 7,107,834 | 3,469,919 | 7,315,481 | 5,086,663 | 1,310,404 | 1,392,441 | 4,126,794 | 3,797,194 | 3,657,602 | 3,880,154 | 1,499,809 | 2,292,274 | 839,938 | 1,018,027 | 1,327,531 | 826,715 | 943,950 | 924,468 | 1,200,615 | 522,499 | 351,443 | 383,961 | 562,171 | 803,513 | 484,423 | 335,091 | 236,918 | 326,327 | 39,112 | 61,897 | 220,096 | ||||||||||||||
inventories | 222,098,000 | 206,465,000 | 196,667,000 | 191,464,000 | 172,188,000 | 170,235,000 | 171,801,000 | 179,810,000 | 177,732,000 | 172,906,000 | 163,116,105 | 161,780,063 | 163,984,873 | 163,280,047 | 162,913,633 | 146,075,459 | 139,146,311 | 124,724,091 | 114,122,873 | 99,699,743 | 94,146,200 | 81,535,599 | 69,752,528 | 56,001,348 | 52,288,803 | 53,064,734 | 40,285,339 | 23,589,750 | 18,439,912 | 18,616,169 | 13,877,434 | 12,246,968 | 12,438,802 | 12,628,181 | 13,418,971 | 13,150,733 | 5,308,492 | 5,020,146 | 4,617,734 | 4,209,326 | 4,049,239 | 3,445,773 | 2,830,814 | 2,452,896 | 1,940,934 | 1,708,763 | 1,452,556 | 1,112,601 | 984,493 | 1,669,058 | 1,205,073 | 915,156 | 1,007,267 | 1,265,593 | 1,009,687 | 1,203,041 | 1,175,288 | ||||||||||||
prepaid expenses and other current assets | 15,060,000 | 7,458,000 | 6,930,000 | 8,088,000 | 8,589,000 | 8,029,000 | 9,545,000 | 5,524,000 | 3,741,000 | 5,334,000 | 5,107,455 | 5,218,735 | 4,378,681 | 5,095,146 | 5,372,484 | 5,399,928 | 5,519,301 | 4,339,245 | 5,859,046 | 5,701,863 | 5,802,608 | 3,046,466 | 3,786,421 | 4,693,427 | 4,855,344 | 2,533,593 | 1,716,337 | 1,596,671 | 2,049,552 | 1,766,163 | 2,131,035 | 2,431,366 | 2,703,214 | 2,050,740 | 2,078,509 | 2,408,459 | |||||||||||||||||||||||||||||||||
assets held for sale | 6,530,000 | 845,389 | 845,389 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 511,173,000 | 466,512,000 | 402,655,000 | 399,563,000 | 351,814,000 | 331,410,000 | 318,193,000 | 303,691,000 | 276,419,000 | 257,013,000 | 273,699,005 | 266,243,299 | 264,086,212 | 270,401,783 | 224,094,522 | 222,774,287 | 239,800,183 | 208,729,311 | 174,785,110 | 171,355,158 | 177,276,547 | 153,740,507 | 139,548,530 | 142,990,062 | 165,487,680 | 85,820,381 | 97,323,309 | 103,888,993 | 38,334,146 | 44,529,625 | 62,502,752 | 73,629,503 | 46,419,455 | 63,166,649 | 31,444,069 | 44,270,864 | 15,683,204 | 21,657,138 | 25,359,589 | 29,494,236 | 17,358,209 | 21,290,404 | 25,240,341 | 27,126,916 | 30,982,138 | 24,088,015 | 22,571,543 | 26,493,609 | 30,787,513 | 31,052,449 | 7,143,625 | 9,172,513 | 12,305,553 | 13,948,138 | 11,981,577 | 14,619,089 | 15,843,577 | ||||||||||||
property and equipment | 65,010,000 | 65,057,000 | 69,509,000 | 57,501,000 | 57,710,000 | 54,707,000 | 53,694,000 | 54,326,000 | 55,317,000 | 53,835,000 | 54,814,607 | 56,305,620 | 57,370,783 | 58,261,481 | 56,946,090 | 54,951,267 | 53,220,480 | 50,935,074 | 48,393,723 | 46,486,980 | 44,175,613 | 41,593,090 | 39,622,510 | 37,373,366 | 35,060,795 | 31,741,317 | 30,712,915 | 29,444,489 | 29,694,764 | 30,115,730 | 30,362,629 | 30,337,285 | 30,615,530 | 30,466,858 | 29,755,541 | 28,626,668 | 803,709 | 825,236 | |||||||||||||||||||||||||||||||
intangible assets | 630,000 | 632,000 | 491,000 | 527,000 | 452,000 | 460,000 | 485,000 | 479,000 | 321,000 | 499,000 | 476,902 | 655,740 | 834,577 | 1,013,415 | 1,192,254 | 1,371,092 | 1,549,930 | 1,728,768 | 1,907,607 | 2,086,445 | 2,265,283 | 2,444,121 | 2,622,959 | 2,801,797 | 2,980,636 | 3,159,474 | 3,370,708 | 3,581,943 | 3,793,177 | 4,004,412 | 4,215,646 | 4,426,881 | 4,638,115 | 4,849,350 | 5,737,175 | 6,011,003 | |||||||||||||||||||||||||||||||||
goodwill | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,530,000 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | 3,529,509 | |||||||||||||||||||||||||||||||||
deferred tax assets | 69,969,000 | 73,261,000 | 74,433,000 | 79,235,000 | 80,855,000 | 84,280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets | 6,402,000 | 6,650,000 | 9,271,000 | 8,634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and other assets | 8,470,000 | 8,600,000 | 8,798,000 | 9,063,000 | 8,188,000 | 5,657,000 | 5,819,000 | 5,221,000 | 5,891,000 | 4,670,000 | 6,722,817 | 6,289,048 | 4,718,761 | 4,770,246 | 4,459,322 | 3,755,938 | 2,825,748 | 4,067,404 | 3,333,514 | 2,526,660 | 2,222,781 | 2,106,976 | 1,869,548 | 4,846,834 | 3,465,207 | 2,840,044 | 2,843,332 | 2,829,186 | 2,768,374 | 1,543,737 | 530,173 | 533,422 | 539,572 | 510,057 | 750,693 | ||||||||||||||||||||||||||||||||||
total assets | 665,184,000 | 624,242,000 | 568,687,000 | 558,380,000 | 510,569,000 | 488,678,000 | 390,618,000 | 376,399,000 | 350,875,000 | 329,182,000 | 348,996,565 | 343,027,042 | 340,787,542 | 348,461,881 | 300,557,570 | 296,932,329 | 308,032,492 | 276,252,724 | 238,640,406 | 232,813,792 | 235,667,028 | 207,673,394 | 189,976,043 | 191,541,568 | 210,523,827 | 127,090,725 | 137,779,773 | 143,274,120 | 78,119,970 | 88,876,521 | 106,345,100 | 117,751,992 | 91,137,625 | 108,018,833 | 72,813,480 | 84,639,253 | 17,594,918 | 23,685,085 | 27,495,386 | 31,741,989 | 19,684,920 | 23,714,517 | 27,824,030 | 29,799,772 | 33,927,680 | 27,227,497 | 25,287,215 | 27,882,931 | 31,951,324 | 31,979,943 | 8,701,866 | 10,690,103 | 13,817,307 | 15,555,419 | 13,224,826 | 15,883,865 | 17,008,314 | 8,079 | 5,909 | 8,512 | 16,192 | 3,100 | 3,619 | 12,012 | 2,934 | 6,844 | 9,270 | 10,108 | 8,028 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 20,523,000 | 22,519,000 | 24,021,000 | 29,769,000 | 20,607,000 | 20,219,000 | 16,020,000 | 14,179,000 | 17,186,000 | 15,660,000 | 10,851,446 | 12,084,529 | 12,956,486 | 13,229,390 | 25,197,806 | 11,388,048 | 14,115,135 | 12,429,409 | 17,282,841 | 6,167,465 | 12,152,852 | 11,073,708 | 7,979,772 | 6,909,659 | 9,152,239 | 9,174,591 | 8,959,903 | 6,788,144 | 5,479,791 | 5,900,394 | 5,267,683 | 3,101,079 | 5,718,121 | 5,920,873 | 9,156,341 | 4,672,316 | 3,904,445 | 2,564,681 | 2,777,221 | 3,317,052 | 2,468,470 | 2,087,855 | 2,184,686 | 1,647,556 | 1,778,953 | 1,779,197 | 2,444,904 | 2,339,722 | 2,763,872 | 2,709,489 | 1,482,643 | 1,158,826 | 1,379,011 | 1,058,671 | 890,762 | 790,869 | 508,852 | ||||||||||||
accrued expenses and other current liabilities | 48,561,000 | 40,466,000 | 28,827,000 | 43,902,000 | 31,560,000 | 33,962,000 | 27,535,000 | 27,726,000 | 33,691,000 | 32,919,000 | 29,863,726 | 28,745,598 | 22,672,464 | 24,989,349 | 18,378,932 | 15,961,070 | 16,654,540 | 17,214,988 | 14,410,329 | 11,490,239 | 8,592,142 | 8,365,143 | 8,074,989 | 5,616,666 | 4,419,043 | 4,481,395 | 4,762,771 | 2,974,476 | 2,505,996 | 3,551,835 | 4,453,027 | 3,644,181 | |||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 3,281,000 | 2,813,000 | 2,344,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of lease obligations | 1,176,000 | 1,096,000 | 1,298,000 | 1,127,000 | 1,188,000 | 1,218,000 | 1,193,000 | 1,142,000 | 1,093,000 | 1,045,000 | 982,891 | 979,536 | 956,045 | 905,369 | 720,755 | 579,661 | 654,003 | 591,084 | 501,239 | 385,858 | 317,910 | 365,682 | 275,988 | 210,870 | 193,987 | 229,073 | 229,516 | 223,114 | 209,506 | ||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 2,647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 73,541,000 | 69,541,000 | 56,490,000 | 74,941,000 | 53,498,000 | 55,542,000 | 44,891,000 | 44,177,000 | 53,088,000 | 49,806,000 | 41,840,897 | 41,952,497 | 36,727,829 | 39,266,942 | 44,440,327 | 28,071,613 | 31,566,512 | 30,378,315 | 32,337,243 | 18,186,396 | 21,205,738 | 19,947,367 | 16,473,583 | 12,880,029 | 13,908,103 | 14,027,893 | 15,150,100 | 10,128,568 | 8,338,127 | 9,625,046 | 9,892,987 | 6,917,086 | 9,442,837 | 9,440,183 | 13,338,866 | 15,645,011 | 12,957,920 | 11,222,861 | 9,207,805 | 5,082,539 | 4,291,028 | 4,216,532 | 4,298,235 | 3,200,041 | 3,786,811 | 4,197,897 | 4,118,670 | 3,796,785 | 4,303,402 | 3,657,846 | 2,517,119 | 2,028,744 | 2,100,801 | 1,817,319 | 1,403,533 | 1,005,640 | 1,027,057 | 5,306 | 9,809 | 9,818 | 5,818 | 4,818 | 8,608 | 12,358 | 6,708 | 5,808 | 9,908 | 6,858 | 7,458 |
long-term debt | 193,584,000 | 69,330,000 | 70,084,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue, net of current portion | 1,369,000 | 1,405,000 | 1,440,000 | 1,476,000 | 1,512,000 | 1,547,000 | 1,583,000 | 1,619,000 | 1,654,000 | 1,690,000 | 1,725,906 | 1,761,614 | 1,797,323 | 1,833,031 | 1,868,739 | 1,904,448 | 1,940,156 | 1,975,865 | 2,011,573 | 2,047,281 | 2,082,990 | 2,118,698 | 2,154,407 | 2,190,115 | 2,225,823 | 2,261,532 | 2,297,240 | 2,332,949 | 2,368,657 | 2,404,365 | 2,440,074 | 2,475,782 | 2,511,491 | 2,547,199 | 2,582,908 | 2,618,616 | 2,654,325 | 2,690,033 | |||||||||||||||||||||||||||||||
lease obligations, net of current portion | 6,365,000 | 6,646,000 | 9,397,000 | 9,301,000 | 8,298,000 | 8,561,000 | 8,865,000 | 9,182,000 | 9,487,000 | 9,779,000 | 9,965,088 | 10,221,914 | 10,468,109 | 10,704,176 | 10,636,083 | 10,870,907 | 7,284,079 | 7,462,388 | 6,915,750 | 7,073,415 | 6,419,589 | 4,334,151 | 2,860,732 | 2,937,292 | 1,831,639 | 1,302,361 | 1,356,390 | 1,414,976 | 1,461,452 | ||||||||||||||||||||||||||||||||||||||||
total liabilities | 274,859,000 | 146,922,000 | 137,501,000 | 160,055,000 | 137,150,000 | 139,660,000 | 158,728,000 | 188,130,000 | 197,169,000 | 193,976,000 | 197,559,219 | 196,264,747 | 195,132,922 | 196,487,666 | 200,173,034 | 182,531,802 | 181,099,427 | 135,080,158 | 135,860,239 | 121,220,260 | 123,162,942 | 119,423,968 | 118,600,089 | 114,662,113 | 114,188,144 | 100,897,576 | 101,661,701 | 96,368,259 | 68,081,016 | 69,106,083 | 69,138,886 | 65,992,922 | 68,112,226 | 67,686,076 | 59,820,972 | 56,957,264 | 28,353,266 | 28,142,347 | 27,647,526 | 27,825,853 | 23,054,235 | 22,893,543 | 22,909,788 | 20,280,264 | 20,497,212 | 21,218,847 | 16,042,268 | 15,580,355 | 16,047,637 | 10,406,584 | 9,437,622 | 8,962,133 | 7,416,664 | 6,131,673 | 1,617,786 | 1,228,134 | 1,257,958 | ||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - voting, 0.0001 par value... | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 23,000 | 23,000 | 23,000 | 22,596 | 22,453 | 22,226 | 22,182 | 19,678 | 19,636 | 19,635 | 19,581 | 13,831 | 13,187 | 12,304 | 8,635 | |||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -143,170,000 | -32,090,000 | -23,188,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 649,796,000 | 671,039,000 | 665,382,000 | 660,909,000 | 655,074,000 | 657,577,000 | 652,345,000 | 644,634,000 | 642,133,000 | 641,439,000 | 640,025,888 | 637,916,035 | 630,437,880 | 629,968,704 | 566,149,846 | 565,266,375 | 564,034,008 | 553,265,706 | 498,229,637 | 489,330,692 | 471,336,826 | 428,704,039 | 392,424,321 | 381,010,696 | 380,288,833 | 290,903,772 | 290,267,664 | 289,616,994 | 239,539,512 | 236,203,041 | 235,600,830 | 235,018,201 | 191,536,802 | 191,022,018 | 150,700,918 | 150,187,687 | 102,712,144 | 102,476,267 | 102,222,281 | 101,959,318 | 88,661,749 | 88,239,569 | 87,750,184 | 87,253,027 | 86,484,669 | 75,457,458 | 75,130,398 | 74,803,338 | 74,443,204 | 74,209,004 | 47,199,023 | 46,973,802 | 46,751,031 | 46,532,612 | 46,464,366 | 46,263,121 | 46,151,031 | 156,080 | 141,080 | 138,500 | 138,500 | 121,500 | 113,000 | 113,000 | 102,000 | 102,000 | 96,000 | 87,000 | 80,500 |
accumulated deficit | -116,325,000 | -161,653,000 | -211,032,000 | -308,583,000 | -420,479,000 | -456,388,000 | -488,450,000 | -506,256,000 | -488,611,138 | -491,176,193 | -484,805,486 | -478,016,671 | -465,784,988 | -450,885,484 | -437,120,578 | -412,112,721 | -395,463,301 | -377,750,347 | -358,845,044 | -340,465,103 | -321,057,329 | -304,139,876 | -283,961,785 | -264,716,555 | -254,155,524 | -242,717,065 | -229,505,193 | -216,437,238 | -198,399,251 | -183,263,766 | -168,515,935 | -150,693,793 | -137,710,991 | -122,508,276 | -113,471,781 | -106,934,818 | -102,375,710 | -98,044,471 | -92,032,136 | -87,419,667 | -82,837,014 | -77,734,590 | -73,055,272 | -69,449,737 | -65,886,380 | -62,501,691 | -58,540,446 | -52,636,574 | -47,935,366 | -45,246,419 | -40,350,975 | -37,109,328 | -34,857,791 | -31,612,044 | -30,405,329 | ||||||||||||||
total stockholders' equity | 390,325,000 | 477,320,000 | 431,186,000 | 398,325,000 | 373,419,000 | 114,400,527 | 112,504,086 | 88,249,426 | 71,375,954 | 76,879,455 | 96,335,683 | 26,193,149 | 36,118,072 | 46,905,861 | 10,038,954 | 19,770,438 | 37,206,214 | 51,759,070 | 23,025,399 | 40,332,757 | 12,992,508 | 27,681,989 | 3,916,136 | 820,974 | 4,914,242 | 9,519,508 | 13,430,468 | 6,008,650 | 9,244,947 | 12,302,576 | 15,903,687 | 21,573,359 | 1,727,970 | 6,400,643 | 2,773 | -3,900 | 10,374 | -1,718 | -4,989 | ||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 665,184,000 | 624,242,000 | 568,687,000 | 558,380,000 | 510,569,000 | 296,932,329 | 235,667,028 | 207,673,394 | 189,976,043 | 191,541,568 | 210,523,827 | 127,090,725 | 137,779,773 | 143,274,120 | 78,119,970 | 88,876,521 | 106,345,100 | 117,751,992 | 91,137,625 | 108,018,833 | 72,813,480 | 84,639,253 | 31,741,989 | 23,714,517 | 27,824,030 | 29,799,772 | 33,927,680 | 27,227,497 | 25,287,215 | 27,882,931 | 31,951,324 | 31,979,943 | 10,690,103 | 13,817,307 | 8,079 | 5,909 | 8,512 | 16,192 | 3,100 | 3,619 | 12,012 | ||||||||||||||||||||||||||||
end of term fee | 938,000 | 1,313,000 | 1,313,000 | 1,688,000 | 1,688,000 | 1,688,000 | 1,688,000 | 1,567,139 | 1,567,139 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 90,000 | 2,000 | 2,000 | 360,000 | 375,000 | 390,000 | 405,000 | 419,000 | 434,647 | 449,513 | 338,731 | 350,454 | 362,179 | 373,903 | 385,628 | 397,351 | 232,665 | 36,151 | 41,965 | 54,886 | 67,808 | 80,730 | 93,652 | 106,574 | 119,496 | 132,418 | 145,340 | 260,734 | 277,692 | 347,898 | 309,353 | 105,996 | 118,318 | 93,937 | |||||||||||||||||||||||||||||||||||
right-to-use assets | 8,961,000 | 8,020,000 | 8,897,000 | 9,152,000 | 9,397,000 | 9,635,000 | 9,753,725 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of deferred revenue | 143,000 | 143,000 | 143,000 | 143,000 | 1,130,000 | 1,118,000 | 182,000 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 1,197,910 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 142,834 | 145,154 | 145,154 | 145,154 | 145,154 | 145,154 | 145,154 | 145,154 | 145,154 | 149,326 | 75,556 | 75,555 | 75,556 | 75,556 | 75,556 | 75,556 | 75,556 | 75,556 | 69,259 | ||||||||||||||||||||
senior notes payable, net of discount | 73,397,000 | 72,527,000 | 72,337,000 | 101,326,000 | 131,074,000 | 130,847,000 | 130,594,000 | 142,025,542 | 140,312,070 | 144,300,930 | 142,833,063 | 141,365,706 | 139,810,931 | 138,423,052 | 94,866,239 | 94,363,008 | 93,877,017 | 93,412,660 | 92,968,866 | 82,108,633 | 81,648,187 | 81,212,090 | 68,291,163 | 67,839,162 | 67,468,637 | ||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 349,018,000 | 231,890,000 | 188,269,000 | 153,706,000 | 135,206,000 | 151,437,346 | 146,762,295 | 145,654,620 | 151,974,215 | 100,384,536 | 126,933,065 | 141,172,566 | 102,780,167 | 111,593,532 | 9,423,746 | 11,607,040 | 14,655,731 | 15,750,356 | -1,306 | -346 | -3,774 | 1,036 | 3,250 | 570 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 488,678,000 | 390,618,000 | 376,399,000 | 350,875,000 | 329,182,000 | 348,996,565 | 343,027,042 | 340,787,542 | 348,461,881 | 300,557,570 | 308,032,492 | 276,252,724 | 238,640,406 | 232,813,792 | 15,555,419 | 13,224,826 | 15,883,865 | 17,008,314 | 2,934 | 6,844 | 9,270 | 10,108 | 8,028 | ||||||||||||||||||||||||||||||||||||||||||||||
right to use assets | 10,003,826 | 10,247,700 | 10,485,447 | 10,335,873 | 10,550,236 | 7,106,642 | 7,262,658 | 6,690,943 | 6,829,040 | 6,197,295 | 4,259,191 | 2,782,987 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
subordinated note payable, net of discount | 14,934,926 | 14,925,760 | 14,916,837 | 14,908,053 | 14,899,313 | 14,890,711 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
no shares issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
104,902,888 and 59,318,355 shares issued and outstanding | 10,490 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 8,962 | 8,635 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets to be transferred under purchase agreement | 1,153,508 | 1,204,391 | 1,295,392 | 1,395,444 | 1,496,410 | 1,596,493 | 1,698,755 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 1,500,000 | 1,500,000 | 452,004 | 452,004 | 452,004 | 452,004 | 426,963 | 426,963 | 336,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of term liability, notes payable | 2,760,000 | 2,760,000 | 2,760,000 | 2,760,000 | 2,760,000 | 1,790,000 | 1,790,000 | 1,790,000 | 1,790,000 | 1,790,000 | 1,790,000 | 1,432,000 | 1,432,000 | 1,432,000 | 1,432,000 | 132,500 | 132,500 | 132,500 | 132,500 | 132,500 | 132,500 | 132,500 | 132,500 | ||||||||||||||||||||||||||||||||||||||||||||||
obligation to transfer assets under purchase agreement | 12,621,844 | 12,621,844 | 12,621,844 | 12,621,844 | 12,621,844 | 12,621,844 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
59,318,355 and 46,353,068 shares issued and outstanding | 5,932 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 59,318,355 and 46,353,068 shares issued and outstanding | 5,932 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 59,317,806 and 46,353,068 shares issued and outstanding | 5,932 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable, net of discount | 40,885,103 | 26,440,830 | 26,153,543 | 25,878,081 | 25,616,653 | 25,368,458 | 14,534,340 | 9,360,708 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable - related party, net of discount | 14,882,337 | 14,874,184 | 14,865,981 | 14,857,908 | 14,850,048 | 14,842,396 | 14,834,696 | 14,827,148 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 46,353,068 shares issued and outstanding | 4,635 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligation | 29,983 | 29,443 | 28,992 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligation | 119,080 | 126,765 | 134,323 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 46,353,068 and 36,725,499 shares issued and outstanding | 4,635 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - non-voting, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 0 and 8,591,160 shares issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 46,351,243 and 36,725,499 shares issued and outstanding | 4,635 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 46,349,514 and 36,725,499 shares issued and outstanding | 4,635 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 3,581,882 | 3,318,478 | 3,860,121 | 4,143,812 | 2,224,719 | 2,385,356 | 1,824,798 | 1,604,500 | 1,661,922 | 1,968,384 | 1,949,419 | 1,462,561 | 1,803,434 | 2,223,639 | 1,511,010 | 1,225,999 | 1,349,931 | 823,550 | 911,130 | 753,143 | 676,667 | 747,079 | 502,594 | 204,594 | 508,254 | 5,306 | 9,809 | 9,818 | 5,818 | 4,818 | 8,608 | 12,358 | 6,708 | 5,808 | 9,908 | 6,858 | 7,458 | ||||||||||||||||||||||||||||||||
other current liabilities | 57,998 | 177,250 | 17,062 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 36,726,084 and 36,725,499 shares issued and outstanding | 3,673 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 8,591,160 shares issued and outstanding | 859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 245,000 | 5,390,184 | 11,026,691 | 11,270,963 | 2,694,978 | 6,368,177 | 11,764,361 | 15,930,353 | 11,512,214 | 4,652,675 | 6,319,629 | 6,313,578 | 2,203,040 | 2,935,184 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of notes payable | 6,666,667 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 36,725,499 and 12,886,741 shares issued and outstanding | 3,673 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 8,591,160 and 0 shares issued and outstanding | 859 | 859 | 859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 17,202,244 and 12,886,741 shares issued and outstanding | 1,722 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 502,454 | 29,563 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 27,163 | 12,577 | 12,577 | 12,577 | 12,577 | 12,577 | 12,577 | 12,577 | 12,577 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase price payable | 12,621,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 17,182,321 and 12,886,741 shares issued and outstanding | 1,719 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 746,846 | 313,914 | 481,658 | 638,059 | 744,910 | 111,027 | 266,784 | 399,327 | 613,357 | 143,586 | 285,662 | 394,886 | 597,598 | 298,730 | 223,418 | 366,960 | 651,442 | 107,761 | 189,596 | 308,164 | 428,461 | ||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment at cost | 1,882,151 | 2,000,784 | 2,108,634 | 2,220,590 | 2,295,994 | 2,396,950 | 2,518,638 | 2,627,693 | 2,737,762 | 2,840,698 | 2,381,200 | 1,038,927 | 828,948 | 765,299 | 811,398 | 849,917 | 801,757 | 815,197 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 29,563 | 27,163 | 27,163 | 27,163 | 30,717 | 27,163 | 65,051 | 45,163 | 207,780 | 298,784 | 334,472 | 350,395 | 334,863 | 162,195 | 746,843 | 667,673 | 709,997 | 827,984 | 439,540 | 439,540 | 349,540 | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' deficiency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of note payable | 6,666,667 | 6,111,111 | 4,444,440 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of leasehold improvement loan | 16,935 | 16,559 | 16,192 | 15,833 | 15,482 | 15,139 | 14,804 | 14,368 | 14,154 | 13,841 | 13,534 | 13,234 | 12,941 | 12,654 | 12,373 | 12,099 | 11,831 | 11,569 | 10,177 | 10,177 | 9,951 | ||||||||||||||||||||||||||||||||||||||||||||||||
notes payable, net of debt discount | 10,845,226 | 12,321,640 | 13,794,246 | 18,050,306 | 14,380,759 | 14,247,212 | 14,115,986 | 13,993,127 | 14,892,642 | 14,772,266 | 9,859,876 | 9,706,530 | 9,674,139 | 4,865,228 | 4,840,508 | 4,816,650 | 4,793,867 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rent liability | 90,476 | 98,116 | 105,756 | 113,396 | 121,036 | 128,676 | 136,316 | 143,956 | 151,596 | 83,214 | 88,761 | 94,309 | 99,857 | 105,404 | 110,952 | 116,500 | 122,047 | 127,595 | 133,142 | 138,690 | 144,238 | ||||||||||||||||||||||||||||||||||||||||||||||||
leasehold improvement loan, net of current portion | 15,319 | 19,697 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' deficiency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock 0.0001 par value 10,000,000 shares authorized, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 0 shares issued and outstanding as of march 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and december 31, 2016, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock 0.0001 par value 75,000,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, and 12,886,741 shares issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
as of march 31, 2017 and december 31, 2016, respectively | 1,289 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' deficiency | -10,758,348 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' deficiency | 17,594,918 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product revenue | 2,593,163 | 2,902,155 | 2,088,178 | 1,088,452 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
license and other revenue | 35,708 | 35,708 | 35,708 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 2,628,871 | 2,937,863 | 2,123,886 | 1,107,341 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of product revenue | 1,616,287 | 1,735,771 | 1,266,421 | 726,245 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 1,192,727 | 1,677,263 | 2,027,712 | 1,408,990 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plasma centers | 1,479,476 | 1,482,586 | 1,280,419 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 4,277,384 | 1,779,115 | 1,707,870 | 845,301 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 8,565,874 | 6,674,735 | 6,282,422 | 3,638,312 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -5,937,003 | -3,736,872 | -4,158,536 | -2,530,971 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 18,568 | 11,605 | 13,508 | 2,145 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -618,528 | -605,972 | -467,441 | -162,934 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income,net | -599,960 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -6,536,963 | -4,331,239 | -4,612,469 | -2,688,947 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -0.51 | -0.34 | -0.43 | -0.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding, basic and diluted | 12,886,741 | 12,886,741 | 10,710,587 | 5,871,002 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' (deficiency) equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' (deficiency) equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, and 12,886,741 and 10,713,087 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of december 31, 2016 and december 31, 2015, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
respectively | 1,289 | 1,289 | 1,289 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' (deficiency) equity | -4,457,262 | -152,140 | -3,369,315 | -735,756 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' (deficiency) equity | 23,685,085 | 27,495,386 | 8,701,866 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 2,725,742 | 2,761,450 | 2,797,158 | 2,832,867 | 2,887,082 | 1,467,037 | 1,485,926 | 1,504,815 | 1,523,704 | 1,542,592 | 1,561,481 | 1,580,370 | 1,599,259 | 1,624,444 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasehold improvement loan | 23,977 | 28,162 | 32,254 | 36,256 | 40,169 | 44,103 | 47,737 | 51,395 | 54,973 | 58,471 | 61,890 | 65,236 | 68,507 | 71,705 | 74,832 | 77,890 | 81,111 | 83,804 | 86,663 | ||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of september 30, 2016 and december 31, 2015, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -594,367 | -453,933 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of stock warrants | 2,813 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of june 30, 2016 and december 31, 2015, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 3,554 | 37,888 | 18,000 | 180,617 | 271,621 | 307,309 | 323,232 | 307,700 | 149,618 | 282,262 | 203,092 | 245,416 | 363,403 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, and 10,713,087 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding | 1,072 | 929 | 929 | 929 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | 19,684,920 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest | 114,715 | 105,664 | 73,666 | 142,274 | 101,102 | 36,597 | 35,417 | 35,417 | 33,292 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrant liability | 476,760 | 263,784 | 249,168 | 214,368 | 168,777 | 171,590 | 192,617 | 229,345 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, and 10,713,087 and 9,291,823 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of december 31, 2015 and december 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014, respectively | 1,072 | 1,072 | 1,071 | 1,071 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of september 30, 2015 and december, 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, and 10,705,573 and 9,291,823 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of june 30, 2015 and december 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding as of march 31, 2015, and december, 31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, and 9,291,823 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding at march 31, 2014 and december 31, 2013 | 929 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 9,291,823 and 5,871,002 shares issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding at december 31, 2013 and 2012, respectively | 929 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock .0001 par value 75,000,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized, 5,871,002 shares issued and outstanding | 587 | 587 | 587 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
license revenue | 18,889 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plasma center | 657,776 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -157,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -2,688,947 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
state income tax benefit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of term liability, note payable | 132,500 | 106,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock .0001 par value at march 31, 2013 and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2012, respectively; 75,000,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, at cost | 779,297 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable - related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable, net of debt discount | 3,773,524 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 0.0001 and 0.001 par value at december 31, 2012 and 2011, respectively; 75,000,000 and 6,500,000 shares authorized, 4,622,831 and 408,589 shares issued and outstanding at december 31, 2012 and 2011, respectively | 462 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable – related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - 0.001 par value: 10,000,000 and 8,221,678 shares authorized, 0 and 8,221,678 shares issued and outstanding with a liquidation preference of 0 and 31,959,545 at september 30, 2012 and december 31, 2011, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 0.0001 and 0.001 par value: 75,000,000 and 6,500,000 authorized, 4,654,303 and 408,589 shares issued and outstanding at september 30, 2012 and december 31, 2011, respectively | 465 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - 0.001 par value: 10,000,000 and 8,221,678 shares authorized, 0 and 8,221,678 shares issued and outstanding with a liquidation preference of 0 and 31,959,545 at june 30, 2012 and december 31, 2011, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 0.001 par value: 75,000,000 and 6,500,000 authorized, 4,654,303 and 408,589 shares issued and outstanding at june 30, 2012 and december 31, 2011, respectively | 4,654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock - 0.001 par value: 10,000,000 and 8,221,678 shares authorized, 0 and 8,221,678 shares issued and outstanding with a liquidation preference of 0 and 31,959,545 at march 31, 2012 and december 31, 2011, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - 0.001 par value: 75,000,000 and 6,500,000 authorized, 4,654,303 and 408,589 shares issued and outstanding at march 31, 2012 and december 31, 2011, respectively | 4,654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .0001 par value... | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated during the development stage | -153,557 | -145,230 | -128,468 | -123,468 | -118,239 | -106,024 | -101,214 | -96,888 | -84,000 | -80,180 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock; .0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated during the development period | -140,056 | -113,596 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ deficiency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficiency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficiency | -638 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2009-06-02 | 2009-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 45,328,000 | 49,379,000 | 36,429,000 | 34,218,000 | 26,904,000 | 111,896,000 | 35,909,000 | 32,062,000 | 17,806,000 | -597,314 | -3,818 | -3,820 | |||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 1,839,000 | 2,046,000 | 2,023,000 | 2,058,000 | 1,969,000 | 1,944,000 | 1,940,000 | 2,047,000 | 2,114,000 | 2,108,950 | 2,092,508 | 2,097,577 | 2,032,965 | 1,936,877 | 1,861,992 | 1,724,283 | 1,590,217 | 1,517,716 | 1,422,164 | 1,325,994 | 1,229,628 | 1,232,509 | 1,035,293 | 885,652 | 788,838 | 828,598 | 818,128 | 806,092 | 805,330 | 923,902 | 847,057 | 845,898 | 829,541 | 1,461,036 | 836,071 | 277,132 | 118,062 | 117,874 | 117,308 | 116,001 | 118,393 | 117,192 | 117,930 | 117,577 | 117,122 | 96,790 | 54,199 | 48,564 | 48,299 | 51,558 | 54,887 | 60,575 | 43,613 | 41,346 | 48,896 | 46,112 | 45,735 | ||
gain on sale of plasma centers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | 42,000 | 74,000 | 8,000 | 1,000 | 23,000 | 71,053 | 92,851 | 0 | 18,096 | 418,128 | 5,770 | 638 | 2,000 | 140,282 | 2,344 | 77,354 | 781 | 69,219 | 8,960 | 2,542 | 976 | 391 | 108,990 | 10,741 | 5,989 | 0 | 0 | 4,155 | |||||||||||||||||||||||||||||||
deferred income tax provision | 3,292,000 | 1,172,000 | 4,803,000 | 1,620,000 | 3,425,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 6,329,000 | 5,392,000 | 5,047,000 | 4,963,000 | 4,624,000 | 5,433,000 | 3,179,000 | 2,863,000 | 2,141,000 | 1,745,155 | 1,694,641 | 1,637,038 | 1,110,166 | 1,068,602 | 1,313,494 | 1,191,047 | 1,641,388 | 1,213,393 | 688,274 | 805,189 | 781,397 | 688,182 | 774,784 | 715,608 | 676,548 | 636,108 | 650,670 | 726,736 | 637,263 | 595,532 | 577,581 | 535,391 | 514,784 | 508,689 | 505,730 | 311,363 | 235,877 | 253,986 | 262,963 | 310,945 | 422,180 | 489,385 | 447,932 | 386,661 | 387,069 | 327,060 | 327,060 | 360,134 | 234,200 | 221,759 | 225,221 | 222,771 | 218,544 | ||||||
amortization of debt discount | 191,000 | 197,000 | 170,000 | 160,000 | 190,000 | 219,000 | 252,000 | 227,000 | 253,000 | 698,210 | 721,040 | 686,861 | 487,889 | 493,542 | 981,066 | 342,219 | 584,842 | 503,231 | 485,991 | 464,357 | 443,794 | 438,084 | 469,612 | 445,021 | 429,711 | 460,741 | 379,126 | 95,714 | 244,767 | 295,490 | 283,536 | 269,288 | 255,847 | 225,999 | 181,179 | 184,136 | 190,253 | 194,065 | 188,380 | 160,951 | 133,547 | 131,226 | 127,547 | 48,591 | 46,271 | 38,196 | 34,112 | 32,391 | 28,498 | 24,720 | 23,858 | 22,782 | 20,344 | ||||||
amortization of license revenue | -36,000 | -36,000 | -35,000 | -36,000 | -35,875 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,709 | -35,708 | -35,708 | -35,708 | -35,709 | -31,184 | -18,889 | -18,889 | -18,889 | -18,889 | -18,889 | -18,889 | -18,889 | -18,889 | |||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 22,567,000 | 141,000 | -20,027,000 | 19,508,000 | -22,200,000 | 3,897,632 | 5,412,930 | -10,213,116 | -11,013,446 | 5,397,337 | -2,018,539 | 6,745,778 | 2,947,233 | -8,184,236 | 3,151,973 | -8,182,564 | -2,124,740 | -6,902,754 | 179,629 | 593,669 | -3,637,915 | 3,845,562 | -2,228,818 | -3,776,259 | 82,037 | 2,734,353 | -329,600 | -139,592 | 222,552 | -2,380,345 | 792,464 | -1,452,335 | 178,089 | 309,504 | -500,816 | 117,235 | -19,482 | 276,147 | -678,116 | -171,056 | 32,518 | 178,210 | 241,342 | -319,090 | -484,423 | 335,091 | -98,173 | 89,409 | -287,215 | 22,785 | 158,199 | ||||||||
inventories | 1,566,000 | 8,009,000 | -2,078,000 | -4,826,000 | -9,789,942 | -1,336,042 | 2,204,810 | -704,826 | -366,414 | -16,838,175 | -6,929,149 | -14,422,219 | -10,601,217 | -14,423,128 | -5,553,543 | -12,610,601 | -11,783,070 | -13,751,180 | -3,712,546 | 775,932 | -12,779,396 | -16,695,588 | -5,149,838 | -25,310 | -4,738,735 | -1,630,466 | 191,834 | 189,379 | 790,790 | -268,238 | 355,112 | -288,346 | -402,412 | -408,408 | -160,087 | -603,466 | -614,959 | -377,918 | -511,962 | -232,171 | -256,206 | -339,955 | -128,109 | 684,566 | -463,985 | -289,917 | 92,111 | 258,326 | -255,906 | 193,354 | |||||||||
prepaid expenses and other current assets | 1,516,000 | -4,021,000 | -1,783,000 | 1,593,000 | -226,691 | 111,281 | -840,055 | 716,465 | 277,338 | 27,445 | 119,373 | -1,180,056 | 1,519,801 | -157,183 | 100,745 | -2,756,142 | 739,955 | 907,006 | 161,917 | -2,321,751 | -817,255 | -119,666 | 452,881 | -289,134 | -460,214 | 300,331 | 271,848 | -652,474 | |||||||||||||||||||||||||||||||
deposits and other assets | 379,000 | 540,000 | 120,000 | 426,000 | -343,000 | 914,000 | -982,000 | 2,300,849 | -183,668 | -1,326,413 | 289,232 | -73,288 | -489,021 | -712,895 | 1,397,672 | -961,790 | -668,758 | -164,375 | 19,718 | -122,414 | 208,860 | -203,663 | -79,532 | 3,287 | -14,145 | -60,812 | 179,644 | ||||||||||||||||||||||||||||||||
accounts payable | -2,203,000 | -4,876,000 | 9,267,000 | 142,000 | 3,942,000 | 1,618,000 | -1,857,000 | 447,000 | 4,993,769 | -9,907 | -871,958 | -272,904 | -11,968,415 | 13,809,757 | -2,727,085 | 1,685,724 | -4,853,432 | 11,115,376 | -5,985,388 | 1,079,144 | 3,093,935 | 1,070,112 | -2,242,576 | -22,356 | 214,689 | 2,171,758 | 1,308,354 | -420,601 | 632,710 | 2,166,602 | -2,617,038 | -202,754 | -2,416,030 | 3,465,071 | 423,261 | 1,339,764 | -212,540 | -344,727 | 657,032 | 377,061 | -3,241 | 617,405 | -235,640 | -69,866 | -672,025 | 104,013 | -424,150 | 54,383 | 1,185,008 | 323,817 | -220,185 | 320,340 | 167,909 | 99,893 | |||||
accrued expenses | 5,105,000 | 10,639,000 | 6,426,000 | -191,000 | -5,965,000 | 772,000 | 2,655,622 | 136,001 | 6,092,192 | -1,353,815 | 6,867,379 | 2,128,814 | 313,905 | -1,775,526 | 2,815,121 | 2,545,686 | 3,823,577 | -843,043 | 784,343 | 2,218,177 | 2,329,886 | -1,930,591 | -520,010 | 1,855,952 | 232,952 | -762,541 | -606,019 | 458,118 | 466,245 | 88,640 | -663,217 | -106,440 | 1,544,777 | -160,637 | 560,558 | 220,298 | -57,422 | -306,462 | 18,965 | 555,872 | -259,888 | -514,564 | 680,570 | 314,835 | -169,849 | 526,381 | -19,259 | 89,666 | 76,476 | -70,412 | 174,952 | 323,001 | |||||||
other current and non-current liabilities | -294,000 | -1,269,000 | -258,000 | 677,000 | -229,655 | -268,336 | -105,458 | -187,551 | -136,823 | -110,424 | -143,927 | -111,064 | 111,028 | 173,536 | -32,571 | -33,413 | -22,145 | -20,179 | -46,185 | -45,882 | -52,598 | -46,887 | -20,587 | -70,442 | -16,959 | -59,361 | 43,018 | 207,736 | |||||||||||||||||||||||||||||||
net cash from operating activities | 58,249,000 | 35,639,000 | 13,293,000 | 50,216,000 | 25,028,000 | 45,646,000 | -2,218,000 | 17,595,952 | 11,985,078 | -6,058,756 | -14,722,274 | -7,379,315 | -13,284,761 | -12,830,768 | -26,013,413 | -33,465,232 | -13,412,387 | -32,262,237 | -33,229,126 | -32,219,436 | -23,852,087 | -21,284,475 | -24,646,960 | -19,652,036 | -23,630,332 | -18,623,952 | -14,287,184 | -18,793,124 | -12,543,405 | -14,908,039 | -16,434,114 | -13,358,629 | -9,739,371 | -8,775,348 | -5,398,426 | -3,613,678 | -4,683,188 | -4,804,177 | -5,167,930 | -4,078,209 | -2,673,053 | -4,446,367 | -4,220,775 | -2,902,433 | -2,465,868 | -4,296,279 | -5,040,330 | -2,959,763 | -2,225,662 | -2,626,958 | -3,074,771 | -1,807,050 | -2,101,188 | -996,858 | -1,998,699 | -5,418 | -4,420 | ||
capital expenditures | 0 | 0 | 0 | -2,757,000 | -1,056,000 | -2,066,000 | -2,347,000 | -1,197,214 | -756,557 | -872,633 | -1,944,596 | -3,748,521 | -3,380,481 | -3,940,084 | -2,842,085 | -3,675,854 | -2,788,669 | -4,475,574 | -2,571,161 | -3,598,321 | -2,885,075 | -4,168,408 | -2,074,876 | -1,594,296 | -1,971,867 | -135,222 | -110,453 | -819,006 | -230,219 | -497,129 | -549,246 | -2,009,871 | -569,900 | -92,973 | -3,584 | -10,024 | -5,352 | -40,597 | -17,437 | 4,496 | -8,875 | -7,508 | -14,186 | -556,288 | -1,396,472 | -258,543 | -111,948 | -5,459 | -16,367 | -108,735 | -66,074 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | 58,249,000 | 35,639,000 | 13,293,000 | 47,459,000 | 23,972,000 | 43,580,000 | -4,565,000 | 16,398,738 | 11,228,521 | -6,931,389 | -16,666,870 | -11,127,836 | -16,665,242 | -16,770,852 | -28,855,498 | -37,141,086 | -16,201,056 | -36,737,811 | -35,800,287 | -35,817,757 | -26,737,162 | -25,452,883 | -26,721,836 | -21,246,332 | -25,602,199 | -18,759,174 | -14,397,637 | -19,612,130 | -12,773,624 | -15,405,168 | -16,983,360 | -15,368,500 | -10,309,271 | -8,868,321 | -5,402,010 | -3,623,702 | -4,688,540 | -4,844,774 | -5,185,367 | -4,073,713 | -2,681,928 | -4,453,875 | -4,234,961 | -3,458,721 | -3,862,340 | -4,554,822 | -5,152,278 | -2,965,222 | -2,242,029 | -2,735,693 | -3,140,845 | -1,807,050 | -2,101,188 | -996,858 | -1,998,699 | -5,418 | -4,420 | ||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -2,757,000 | -1,056,000 | -2,066,000 | -2,347,000 | -1,197,214 | -756,557 | -872,633 | -1,944,596 | -3,748,521 | -3,380,481 | -3,940,084 | -2,842,085 | -3,675,854 | -2,788,669 | -4,475,574 | -2,571,161 | -3,598,321 | -2,885,075 | -4,168,408 | -2,074,876 | -1,594,296 | -1,971,867 | -135,222 | -110,453 | -819,006 | -230,219 | -497,129 | -549,246 | -2,009,871 | -569,900 | -92,973 | -3,584 | -10,024 | -5,352 | -40,597 | -17,437 | 4,496 | -8,875 | -7,508 | -14,186 | -556,288 | -1,396,472 | -258,543 | -111,948 | -5,459 | -16,367 | -108,735 | -66,074 | |||||||||||
acquisition of intangible assets | 7,000 | -42,000 | -299,000 | -15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on the sales of assets held for sale | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 2,404,000 | -2,750,000 | -1,098,000 | -2,365,000 | -2,362,000 | -1,407,214 | -756,557 | -872,633 | -1,944,596 | -3,748,521 | -3,380,481 | -3,940,084 | -2,842,085 | -3,675,854 | -2,788,669 | -4,475,574 | -2,571,161 | -3,598,321 | -2,885,075 | -4,168,408 | -2,072,876 | -1,594,296 | -1,971,867 | -135,222 | -110,453 | -819,006 | -230,219 | -497,129 | -549,246 | -2,009,871 | -569,900 | 12,652,027 | 5,141,600 | 5,626,483 | 238,920 | -8,616,582 | 3,655,762 | 5,400,680 | 4,157,117 | -4,425,647 | -6,873,725 | 1,110,666 | -1,402,524 | -4,369,080 | 620,195 | -2,940,643 | -16,367 | -108,735 | -66,074 | -35,332 | -27,370 | ||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
jpm term loan payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
jpm revolving facility proceeds | 125,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes paid on vested restricted stock units | -644,000 | -1,158,000 | -693,000 | -2,476,000 | -340,450 | -208,638 | -224,966 | -640,946 | -2,067,543 | -429,982 | -309,948 | -91,367 | 0 | -2,287 | 0 | -59,311 | |||||||||||||||||||||||||||||||||||||||||||
net proceeds from the exercise of stock options | 588,000 | 430,000 | 389,000 | 2,064,000 | 101,000 | 443,000 | 5,691,000 | 331,000 | 1,029,000 | 8,461 | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -31,026,000 | -25,467,000 | -362,000 | -1,447,000 | -38,993,961 | 415,355 | 240,115 | -650,509 | 62,743,358 | -843,791 | -319,041 | 47,271,326 | 53,819,634 | 8,202,668 | 17,181,060 | 41,844,844 | 32,063,864 | 10,631,085 | -1,694 | 101,203,400 | -7,685 | -7,558 | 75,840,805 | 4,177,063 | -507 | -12,862 | 42,939,306 | -4,377 | 50,374,683 | -1,663,347 | 13,154,402 | -1,115,113 | -3,913 | -198,930 | 17,044,800 | -3,659 | -59,279 | -128,138 | 129,665 | 10,459,660 | 5,039,272 | -49,114 | 16,431 | 4,788,617 | 26,669,840 | -31,407 | 68,655 | 925,690 | 3,657,657 | -38,833 | -299,031 | 16,150,756 | 6,000 | 6,500 | |||||
net increase in cash and cash equivalents | 50,523,000 | 16,440,000 | -1,537,000 | -6,691,274 | -17,317,379 | -17,089,893 | 18,415,828 | -7,998,388 | -19,556,751 | 6,044,557 | -3,753,893 | -16,106,077 | -25,454,577 | 74,483,564 | -25,609,757 | 57,081,631 | -10,220,574 | -19,612,637 | -12,786,486 | 35,006,183 | -11,972,618 | 1,815,275 | -2,167,391 | -1,352,040 | 14,152,057 | 582 | 2,080 | ||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of period | 87,630,000 | 0 | 0 | 103,147,000 | 0 | 0 | 51,352,000 | 0 | 0 | 86,521,542 | 0 | 0 | 0 | 55,921,152 | 0 | 0 | 9,914,867 | 0 | 0 | 10,440,959 | 0 | 0 | 17,199,030 | 0 | 0 | 26,149,477 | 0 | 0 | 12,535,672 | ||||||||||||||||||||||||||||||
cash and cash equivalents - end of period | 138,153,000 | -28,900,000 | 18,660,000 | 71,625,000 | -1,537,000 | 42,919,000 | 45,325,000 | 11,643,876 | -6,691,274 | 69,204,163 | -17,509,033 | -17,089,893 | 69,504,946 | -7,998,388 | -19,556,751 | 61,965,709 | -16,106,077 | -25,454,577 | 101,235,699 | -11,972,618 | 17,031,081 | 8,542,928 | -4,643,198 | 3,624,041 | 8,925,132 | 1,355,926 | -8,742,349 | 16,564,190 | -3,917,506 | -8,648,928 | 26,517,959 | -2,273,436 | -2,667,038 | 10,320,517 | |||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid in kind | 877,408 | 992,432 | 986,182 | 979,978 | 973,814 | 978,272 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 2,177,000 | 0 | 0 | 0 | 6,669,941 | 0 | 0 | 0 | 9,962,495 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
deposit received on net assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ares term loan payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ares revolving facility payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ares revolving facility proceeds | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
jpm term loan proceeds | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment penalties on repayment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of note payable | 0 | 0 | 0 | 151,750,000 | 15,000,000 | 0 | 0 | 12,500,000 | 0 | 0 | 27,500,000 | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
payments on finance lease obligations | -972 | 0 | -6,465 | -9,563 | -9,403 | -9,247 | -9,093 | -8,941 | -8,792 | -8,647 | -8,500 | -8,360 | -8,220 | -8,083 | -7,949 | -7,816 | -7,685 | -7,558 | -7,432 | -7,308 | |||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | 0 | 28,186 | -58,326 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of end of term fee | 0 | 0 | -2,760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred financing fees | 0 | -404,562 | 0 | -2,378,366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of year | 51,089,118 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on term loan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance on revolver | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided used in operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -6,027,000 | -16,987,737 | -1,371,939 | 2,008,892 | -1,515,827 | 1,263,192 | 1,355,926 | -3,917,506 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable | 0 | 0 | 0 | -100,000,000 | 0 | 0 | 0 | -30,000,000 | -15,555,556 | -1,666,666 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of offering expenses | 53,828,426 | 8,213,602 | 17,189,560 | 41,912,515 | 0 | 0 | 0 | -1,280 | |||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt refinancing fees | 0 | 0 | 0 | -2,000,000 | 0 | 0 | 0 | -6,499,867 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | 2,565,055 | -6,370,707 | -6,788,815 | -12,231,683 | -14,899,504 | -13,764,906 | -25,007,857 | -16,649,420 | -17,712,954 | -18,905,303 | -18,379,941 | -19,407,774 | -16,917,453 | -20,178,091 | -19,245,230 | -10,561,031 | -11,438,459 | -13,211,872 | -13,067,955 | -18,037,987 | -15,135,485 | -14,747,831 | -17,822,142 | -12,982,802 | -15,202,715 | -9,036,495 | -6,536,963 | -4,559,108 | -4,331,239 | -6,012,335 | -4,612,469 | -4,582,653 | -5,102,424 | -4,679,318 | -3,605,535 | -3,563,357 | -3,384,689 | -3,961,245 | -5,903,872 | -4,701,208 | -2,688,947 | -4,895,444 | -3,241,647 | -2,251,537 | -3,245,747 | ||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 0 | 0 | 6,255 | 7,177 | 0 | 0 | 6,679 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of property and equipment | 0 | 0 | 0 | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on transfer of plasma center assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of end of end of term fee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | 0 | -123,899 | -1,555,762 | -1,475,331 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, including restricted cash - beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock, net of offering expenses | 10,639,168 | 0 | 88,704,039 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, including restricted cash - beginning of period | 0 | 0 | 26,752,135 | 0 | 0 | 26,754,852 | 0 | 0 | 48,607,574 | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of acquisition: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of leasehold improvement loan | 0 | -10,844 | -4,476 | -4,377 | -4,280 | -4,185 | -4,092 | -4,002 | -3,913 | -3,826 | -3,741 | -3,659 | -3,578 | -3,498 | -3,420 | -3,345 | -3,271 | -3,198 | -3,128 | -3,057 | -2,990 | -2,924 | -2,859 | -2,796 | -1,829 | -2,693 | -2,633 | -2,575 | |||||||||||||||||||||||||||||||
cash and cash equivalents, including restricted cash - end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property and equipment | 18,229 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on transfer of plasma assets | 0 | -1 | -11,527,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, including restricted cash - end of period | -25,609,757 | 57,081,631 | 16,534,278 | -12,786,486 | 27,534,138 | 31,619,837 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of short-term investments | 0 | 0 | 245,000 | 5,145,184 | 3,673,199 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired in acquisition transaction | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of related party note payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on capital lease obligations | -7,186 | -7,066 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 3,249 | 6,150 | -29,515 | 240,636 | -248,239 | -472,891 | -2,400 | 0 | 0 | -20,689 | 6,103 | 460,648 | -8,644 | -54,314 | 195,361 | 0 | |||||||||||||||||||||||||||||||||||||||||||
other current liabilities | -8,041 | 11,505 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | 244,272 | 5,396,184 | 4,165,992 | -4,418,139 | -6,859,539 | 1,666,954 | -6,052 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - end of year, including restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 329,949 | -866,059 | -432,932 | 167,744 | 156,401 | 106,851 | -633,883 | 155,757 | 132,543 | 214,030 | -469,771 | 142,076 | 109,223 | 202,713 | -298,868 | -75,312 | 143,542 | 284,482 | -543,681 | 81,835 | 118,568 | ||||||||||||||||||||||||||||||||||||||
deferred rent liability | -7,640 | -7,640 | -7,640 | -7,640 | -7,640 | -7,640 | -7,640 | -7,640 | 68,382 | -5,547 | -5,548 | -5,547 | -5,548 | -5,548 | -5,548 | -5,547 | -5,548 | -5,548 | -5,547 | ||||||||||||||||||||||||||||||||||||||||
principal payments on note payable | -1,111,111 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 424,470 | 425,818 | 422,947 | 353,247 | 328,223 | 319,207 | 217,329 | 465,874 | 324,378 | 223,822 | 225,162 | 230,293 | 106,250 | 107,431 | 108,611 | 105,305 | 61,389 | 0 | 0 | 3,820 | |||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued equity issuance costs | 168,646 | 3,554 | -116,115 | -65,619 | 219,622 | 38,375 | -28,652 | -26,483 | -254,393 | 279,394 | |||||||||||||||||||||||||||||||||||||||||||||||||
warrant liability | 0 | 0 | 0 | -67,860 | 30,160 | 14,616 | 34,800 | -5,220 | 17,278 | -2,813 | -21,027 | -36,728 | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 0 | 0 | 16,353 | 23,364 | 31,520 | 33,187 | 31,515 | 29,555 | 27,196 | 26,278 | 25,124 | 20,640 | |||||||||||||||||||||||||||||||||||||||||||||||
payment-in-kind interest | 0 | 0 | 50,432 | 74,104 | 57,011 | 50,261 | 49,468 | 19,505 | |||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of license and other revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemptions of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from oxford note payable | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 1,072,259 | 0 | -136,003 | -69,622 | 10,463,005 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of hercules note payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment penalty of early extinguishment of note payable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of hercules end of term fee | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity issuance costs | 0 | 42,543 | -45,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of equity issuance costs to additional paid-in capital | 11,999 | 0 | 0 | 421,077 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrants issued in connection with note payable | 0 | 0 | 0 | 0 | 182,816 | 0 | 0 | 219,588 | |||||||||||||||||||||||||||||||||||||||||||||||||||
end of term liability in connection with note payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
elimination of warrant liability | 0 | 0 | 0 | 408,900 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest | 0 | 0 | -114,715 | 9,051 | 31,998 | 365 | -8,296 | 45,000 | 1,180 | 0 | 2,125 | 33,292 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
reclassification of equity issuance costs | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash deferred financing fees | -33,176 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued debt issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash deferred financing fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of term liability for oxford note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from hercules note payable, net of fees | 5,000,000 | 0 | 0 | 4,850,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment penalty of early extinguishment of hercules note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs of oxford note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash equivalents | -634,840 | 368,482 | 20,769,434 | -2,273,436 | -2,667,038 | -2,215,155 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of term liability for hercules note payable | 0 | 0 | 0 | 26,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of short-term investments | 732,143 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of equity issuance costs | -357,990 | -71,514 | -71,514 | -36,140 | -296,398 | -933,957 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from hercules note payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increasein cash and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of notes payable and interest in private placement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock retained by stockholders of shell company | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of note | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payable conversion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable | 0 | 0 | -200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of notes payable and accrued interest into common stock | 0 | 0 | 262,740 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock issued to shell company | 0 | 53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from hercules debt note payable | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of notes payable and accrued interest into | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of equity issuance costs to additional | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
paid in capital | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and beneficial conversion charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense related to notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of inventory | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities purchase of equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock, net of note payable conversion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from note payable, net of fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from convertible notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock issued upon note payable and interest conversion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity issuance costs, accrued and not paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock through the cashless exercise of warrants | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of term liability for note payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of research and development inventory | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock based compensation | 208,195 | 154,095 | 46,254 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equipment | -27,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of note payable conversion | 0 | 0 | 17,287,288 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents – beginning of period | 0 | 0 | 87,771 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents – end of period | -2,167,391 | -1,352,040 | 14,239,828 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss-on sale of research and development inventory | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in inventories | -27,943 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses | -369,217 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable | -794,562 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses | -298,064 | -1,600 | -600 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest | 1,959 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred rent liability | -5,547 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds received from subscribers of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributed capital | 6,000 | 6,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 8,688 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 9,270 | 2,080 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flows information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exhibit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
32.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
32.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds received from subscribers of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.1 |
