Catalyst Pharmaceuticals, Inc(NASDAQ:CPRX)

Catalyst Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on developing and commercializing therapies for people with rare debilitating, chronic neuromuscular, and neurological diseases in the United States. It offers Firdapse, a proprietary form of amifampridine phosphat...
Website: http://www.catalystpharma.com
Founded: 2002
Full Time Employees: 76
Sector: Healthcare
Industry: Biotechnology
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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 | 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 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2008-01-04 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2007-01-04 | 2006-12-31 | 2006-09-30 | 2006-01-04 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product revenue | 149,343,000 | 152,502,000 | 148,365,000 | 146,540,000 | 141,400,000 | 141,809,000 | 126,424,000 | 122,653,000 | 98,441,000 | 109,104,000 | 102,617,000 | 99,477,000 | 85,304,000 | 60,683,000 | 57,173,000 | 53,049,000 | 43,033,000 | 38,266,000 | 35,890,000 | 33,636,000 | 30,205,000 | 30,832,723 | 29,166,658 | 29,604,764 | 29,136,472 | 30,122,555 | 30,897,444 | 28,837,900 | 12,448,438 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
license and other revenue | 47,000 | 111,000 | 27,000 | 23,000 | 21,000 | 11,000 | 2,271,000 | 57,000 | 68,000 | 1,464,000 | 71,000 | 105,000 | 62,000 | 74,000 | 71,000 | 64,000 | 56,000 | 43,000 | 64,000 | 2,729,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 149,390,000 | 152,613,000 | 148,392,000 | 146,563,000 | 141,421,000 | 141,820,000 | 128,695,000 | 122,710,000 | 98,509,000 | 110,568,000 | 102,688,000 | 99,582,000 | 85,366,000 | 60,757,000 | 57,244,000 | 53,113,000 | 43,089,000 | 38,309,000 | 35,954,000 | 36,365,000 | 31,014,909 | 29,316,658 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 5.63% | 7.61% | 15.31% | 19.44% | 43.56% | 28.26% | 25.33% | 23.23% | 15.40% | 81.98% | 79.39% | 87.49% | 98.12% | 58.60% | 59.21% | 46.06% | 23.52% | 22.64% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -2.11% | 2.84% | 1.25% | 3.64% | -0.28% | 10.20% | 4.88% | 24.57% | -10.91% | 7.67% | 3.12% | 16.65% | 40.50% | 6.14% | 7.78% | 23.26% | 12.48% | 6.55% | -1.13% | 5.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 14,475,000 | 26,074,000 | 22,654,000 | 20,614,000 | 17,911,000 | 21,643,000 | 19,277,000 | 15,405,000 | 12,520,000 | 15,809,000 | 14,167,000 | 12,045,000 | 9,946,000 | 11,195,000 | 9,665,000 | 7,643,000 | 5,890,000 | 7,348,000 | 5,310,000 | 4,545,000 | 4,681,000 | 4,869,658 | 3,878,760 | 4,139,873 | 4,150,866 | 4,398,265 | 4,387,461 | 4,261,625 | 1,711,788 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 2,661,000 | 1,807,000 | 2,657,000 | 4,358,000 | 3,887,000 | 3,798,000 | 3,284,000 | 2,985,000 | 2,581,000 | 1,972,000 | 83,662,000 | 3,954,000 | 3,562,000 | 4,093,000 | 8,310,000 | 3,983,000 | 3,403,000 | 4,992,000 | 4,487,000 | 4,450,000 | 3,007,000 | 4,175,028 | 3,749,233 | 4,349,643 | 4,222,811 | 6,308,390 | 4,597,039 | 4,629,364 | 3,307,959 | 8,416,969 | 4,538,369 | 3,704,824 | 3,259,042 | 3,404,634 | 2,704,923 | 2,451,751 | 2,813,929 | 2,820,654 | 2,493,999 | 2,508,897 | 3,546,391 | 3,831,611 | 3,042,671 | 2,577,508 | 2,349,552 | 2,384,241 | 2,885,892 | 2,098,958 | 2,748,683 | 30,371,388 | 2,804,352 | 2,132,038 | 1,092,301 | 744,692 | 654,837 | 532,741 | 727,327 | 23,219,983 | 614,137 | 905,635 | 903,953 | 20,522,130 | 500,091 | 797,935 | 439,587 | 15,403,079 | 850,998 | 1,376,253 | 2,322,632 | 9,417,440 | 11,583,163 | 9,131,584 | 7,229,440 | 11,583,163 | 722,011 | 5,373,070 | 4,869,722 | 3,866,942 | -530,551 | 2,915,883 | ||
selling, general and administrative | 49,319,000 | 53,421,000 | 47,470,000 | 45,949,000 | 46,911,000 | 44,192,000 | 45,880,000 | 40,730,000 | 46,938,000 | 42,036,000 | 33,560,000 | 28,396,000 | 29,718,000 | 14,668,000 | 14,167,000 | 12,918,000 | 16,430,000 | 13,227,000 | 12,153,000 | 11,532,000 | 12,716,000 | 13,352,387 | 9,984,961 | 10,833,358 | 10,063,048 | 11,409,213 | 8,067,792 | 8,987,722 | 8,416,460 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 9,703,000 | 9,465,000 | 9,344,000 | 9,344,000 | 9,345,000 | 9,344,000 | 9,345,000 | 9,344,000 | 9,344,000 | 9,059,000 | 8,487,000 | 8,488,000 | 6,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating costs and expenses | 76,158,000 | 90,767,000 | 82,125,000 | 80,265,000 | 78,054,000 | 78,977,000 | 77,786,000 | 68,464,000 | 71,383,000 | 68,876,000 | 139,876,000 | 52,883,000 | 49,757,000 | 29,956,000 | 32,142,000 | 24,544,000 | 25,723,000 | 25,567,000 | 21,950,000 | 20,527,000 | 20,404,000 | 22,397,073 | 17,612,954 | 19,322,874 | 18,436,725 | 22,115,868 | 17,052,292 | 17,878,711 | 13,436,207 | 15,343,267 | 8,182,603 | 6,335,855 | 5,933,440 | 5,511,786 | 4,306,708 | 4,181,271 | 4,679,871 | 4,314,199 | 3,914,014 | 4,814,452 | 6,237,536 | 6,191,679 | 5,017,428 | 4,897,330 | 4,291,915 | 3,983,861 | 4,109,029 | 2,990,173 | 3,508,365 | 47,677,519 | 3,245,776 | 2,653,529 | 1,705,430 | 1,505,353 | 1,283,713 | 1,067,364 | 1,364,710 | 35,701,733 | 1,131,010 | 1,397,463 | 1,519,250 | 30,375,308 | 908,465 | 1,333,132 | 1,050,412 | 23,048,509 | 1,292,314 | 1,768,812 | 3,044,543 | 14,776,297 | 18,087,326 | 15,172,548 | 12,708,871 | 18,087,326 | 971,140 | 9,842,270 | 8,891,844 | 7,454,856 | 504,294 | 5,072,559 | ||
operating income | 73,232,000 | 61,846,000 | 66,267,000 | 66,298,000 | 63,367,000 | 62,843,000 | 50,909,000 | 54,246,000 | 27,126,000 | 41,692,000 | -37,188,000 | 46,699,000 | 35,609,000 | 30,801,000 | 25,102,000 | 28,569,000 | 17,366,000 | 12,742,000 | 14,004,000 | 15,838,000 | 9,801,000 | 8,617,836 | 11,703,704 | 10,281,890 | 10,699,747 | 8,006,687 | 13,845,152 | 10,959,189 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 15.57% | -1.59% | 30.17% | 22.22% | 133.60% | 50.73% | -236.90% | 16.16% | -23.82% | 35.36% | -248.15% | 63.46% | 105.05% | 141.73% | 79.25% | 80.38% | 77.19% | 47.86% | 19.65% | 54.04% | -8.40% | 7.63% | -15.47% | -6.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 18.41% | -6.67% | -0.05% | 4.63% | 0.83% | 23.44% | -6.15% | 99.98% | -34.94% | -212.11% | -179.63% | 31.14% | 15.61% | 22.70% | -12.14% | 64.51% | 36.29% | -9.01% | -11.58% | 61.60% | 13.73% | -26.37% | 13.83% | -3.91% | 33.64% | -42.17% | 26.33% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 49.02% | 40.52% | 44.66% | 45.24% | 44.81% | 44.31% | 39.56% | 44.21% | 27.54% | 37.71% | -36.21% | 46.90% | 41.71% | 50.70% | 43.85% | 53.79% | 40.30% | 33.26% | 38.95% | 43.55% | Infinity% | 27.79% | 39.92% | Infinity% | 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% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | ||
other income | 10,997,000 | 10,055,000 | 4,768,000 | 2,995,000 | 7,919,000 | 11,338,000 | 6,296,000 | 1,542,000 | 1,963,000 | 5,015,000 | -833,000 | 1,813,000 | 1,704,000 | 2,207,000 | 905,000 | 93,000 | 71,000 | 68,000 | 62,000 | 81,000 | 105,828 | 33,567 | 111,269 | 336,233 | 398,683 | 393,415 | 450,410 | 343,266 | 343,658 | 343,730 | 370,715 | 233,548 | 124,088 | 129,059 | 91,039 | 109,977 | 43,933 | 66,981 | 92,755 | 117,943 | -13,075 | 46,659 | 4,871 | 61,934 | ||||||||||||||||||||||||||||||||||||||
net income before income taxes | 84,229,000 | 71,901,000 | 71,035,000 | 69,293,000 | 71,286,000 | 74,181,000 | 57,205,000 | 55,788,000 | 29,089,000 | 46,707,000 | -38,021,000 | 48,512,000 | 37,313,000 | 33,008,000 | 26,007,000 | 28,245,000 | 17,459,000 | 12,813,000 | 14,072,000 | 15,900,000 | 9,882,000 | 8,723,664 | 11,737,271 | 11,035,980 | 8,405,370 | 14,238,567 | 11,409,599 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax provision | 20,495,000 | 19,203,000 | 18,252,000 | 17,185,000 | 14,549,000 | 18,245,000 | 13,321,000 | 14,994,000 | 5,814,000 | 11,863,000 | -7,257,000 | 10,750,000 | 7,745,000 | 7,537,000 | 3,259,000 | 6,626,000 | 4,218,000 | 3,504,000 | 3,743,000 | -2,713,467 | -31,602,596 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 63,734,000 | 52,698,000 | 52,783,000 | 52,108,000 | 56,737,000 | 55,936,000 | 43,884,000 | 40,794,000 | 23,275,000 | 34,844,000 | -30,764,000 | 37,762,000 | 29,568,000 | 25,471,000 | 22,748,000 | 21,619,000 | 13,241,000 | 9,309,000 | 10,329,000 | 12,181,000 | 7,663,000 | 11,437,131 | 43,339,867 | 9,779,987 | 10,426,015 | 7,929,713 | 13,630,179 | 10,959,948 | -644,503 | -14,499,609 | -7,838,873 | -5,965,140 | -5,699,892 | -5,387,698 | -4,177,649 | -3,879,901 | -4,967,129 | -4,163,320 | -3,953,981 | -4,568,914 | -5,386,237 | -5,815,158 | -4,449,038 | -4,558,503 | -5,410,259 | -3,490,030 | -5,009,892 | -3,198,020 | -3,811,119 | -43,533,661 | -5,912,059 | -3,143,590 | -1,744,289 | -76,585 | -2,621,535 | -289,080 | -1,089,186 | -34,063,489 | -1,127,841 | -1,394,151 | -1,517,136 | -28,433,986 | -903,985 | -1,328,541 | -1,045,043 | -21,625,424 | -1,286,720 | -1,761,887 | -3,031,201 | -13,646,457 | -16,715,554 | -13,860,194 | -11,482,754 | -16,715,554 | -944,938 | -8,953,769 | -8,219,422 | -7,011,292 | 1,732,268 | -5,017,973 | ||
yoy | 12.33% | -5.79% | 20.28% | 27.73% | 143.77% | 60.53% | -242.65% | 8.03% | -21.28% | 36.80% | -235.24% | 74.67% | 123.31% | 173.62% | 120.23% | 77.48% | 72.79% | -18.61% | -76.17% | 24.55% | -26.50% | 44.23% | 217.97% | -10.77% | -1717.68% | -154.69% | -273.88% | -283.73% | -88.69% | 169.12% | 87.64% | 53.74% | 14.75% | 29.41% | 5.66% | -15.08% | -7.78% | -28.41% | -11.13% | 0.23% | -0.44% | 66.62% | -11.19% | 42.54% | 41.96% | -91.98% | -15.26% | 1.73% | 118.49% | 56743.59% | 125.52% | 987.45% | 60.15% | -99.78% | 132.44% | -79.26% | -28.21% | 19.80% | 24.76% | 4.94% | 45.17% | 31.48% | -29.75% | -24.60% | -65.52% | 58.47% | -92.30% | -87.29% | -73.60% | -18.36% | 1668.96% | 54.80% | 39.70% | 138.41% | -616.88% | 63.80% | ||||||
qoq | 20.94% | -0.16% | 1.30% | -8.16% | 1.43% | 27.46% | 7.57% | 75.27% | -33.20% | -213.26% | -181.47% | 27.71% | 16.08% | 11.97% | 5.22% | 63.27% | 42.24% | -9.88% | -15.20% | 58.96% | -33.00% | -73.61% | 343.15% | -6.20% | 31.48% | -41.82% | 24.36% | -1800.53% | -95.56% | 84.97% | 31.41% | 4.65% | 5.79% | 28.96% | 7.67% | -21.89% | 19.31% | 5.29% | -13.46% | -15.17% | -7.38% | 30.71% | -2.40% | -15.74% | 55.02% | -30.34% | 56.66% | -16.09% | -91.25% | 636.35% | 88.07% | 80.22% | 2177.59% | -97.08% | 806.85% | -73.46% | -96.80% | 2920.24% | -19.10% | -8.11% | -94.66% | 3045.40% | -31.96% | 27.13% | -95.17% | 1580.66% | -26.97% | -41.87% | -77.79% | -18.36% | 20.60% | 20.70% | -31.30% | 1668.96% | -89.45% | 8.93% | 17.23% | -134.52% | ||||
net income margin % | 42.66% | 34.53% | 35.57% | 35.55% | 40.12% | 39.44% | 34.10% | 33.24% | 23.63% | 31.51% | -29.96% | 37.92% | 34.64% | 41.92% | 39.74% | 40.70% | 30.73% | 24.30% | 28.73% | 33.50% | Infinity% | 36.88% | 147.83% | 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% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | ||
net income per share | -0.01 | -0.14 | -0.08 | -0.06 | -0.06 | -0.05 | -0.05 | -0.05 | -0.06 | -0.05 | -0.05 | -0.06 | -0.07 | -0.07 | -0.05 | -0.06 | -0.07 | -0.05 | -0.07 | -0.05 | -0.07 | -0.04 | -0.04 | -0.08 | -0.06 | -0.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.52 | 0.43 | 0.43 | 0.43 | 0.47 | 0.46 | 0.37 | 0.35 | 0.2 | 0.33 | -0.29 | 0.36 | 0.28 | 0.24 | 0.22 | 0.21 | 0.13 | 0.09 | 0.1 | 0.12 | 0.07 | 0.11 | 0.42 | 0.1 | 0.08 | 0.13 | 0.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.5 | 0.41 | 0.42 | 0.41 | 0.45 | 0.44 | 0.35 | 0.33 | 0.19 | 0.31 | -0.29 | 0.33 | 0.26 | 0.23 | 0.2 | 0.2 | 0.12 | 0.09 | 0.1 | 0.11 | 0.07 | 0.11 | 0.41 | 0.1 | 0.07 | 0.13 | 0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 122,254,171 | 122,290,866 | 122,600,730 | 122,163,212 | 121,472,468 | 118,457,673 | 118,931,153 | 118,180,396 | 116,806,117 | 106,279,736 | 106,568,137 | 106,258,790 | 105,561,229 | 103,374,606 | 103,318,572 | 102,795,600 | 102,781,771 | 103,379,349 | 103,196,550 | 103,407,803 | 103,814,725 | 103,512,913 | 103,535,431 | 103,414,523 | 103,407,347 | 102,944,316 | 102,974,105 | 102,869,202 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 126,903,391 | 127,257,929 | 127,090,194 | 127,543,284 | 126,957,982 | 124,943,603 | 125,407,279 | 124,655,999 | 123,403,626 | 113,753,154 | 106,568,137 | 113,673,534 | 113,986,129 | 111,375,631 | 111,986,025 | 109,264,730 | 109,041,096 | 107,795,585 | 107,843,196 | 107,734,924 | 106,680,344 | 106,242,273 | 106,316,241 | 106,730,423 | 106,534,600 | 106,020,936 | 107,045,234 | 105,928,970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of (3) and 25, respectively | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 63,742 | 52,698 | 52,752 | 52,156 | 56,656 | 56,000 | 43,884 | 40,794 | 23,261 | 34,843 | -30,768 | 37,770 | 29,555 | 25,463 | 22,910 | 21,942 | 12,936 | 9,224 | 10,303 | 12,189 | 7,587 | 11,474,934 | 43,334,587 | 9,695,045 | 10,500,261 | 7,919,790 | 13,627,849 | 10,988,394 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 9, 0, 19 and 4, respectively | -16 | -31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of (15), 0, 10 and 4, respectively | 48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 25 and 4, respectively | -81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 0, 1, 4 and 3, respectively | -3.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 0, (3), 4 and 2, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 4 and 5, respectively | -14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 1, (52), 3 and (59), respectively | -2.25 | -4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of (3), (101), 2 and (7), respectively | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 5 and 94, respectively | -13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of (52), 0, (59) and 0, respectively | 45 | 162 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income (expense) | -324,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of (101), 0, (7) and 0, respectively | 323 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax of 94 and 0, respectively | -305 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities | -23.5 | -26 | 8 | -76 | 37,803 | -5,280 | -84,942 | 74,246 | -9,923 | -2,330 | 28,446 | 13,560 | 25,700 | -9,450 | -14,672 | -21,826 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 3,719,000 | 2,219,000 | 613,172 | 609,965 | 449,651 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues from collaborative arrangements | 182,186 | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (loss) before income taxes | 10,393,159 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (loss) per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 475,657 | 608,388 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -987,769 | -14,843,267 | -8,182,603 | -6,335,855 | -5,933,440 | -5,511,786 | -4,306,708 | -4,181,271 | -4,679,871 | -4,314,199 | -3,914,014 | -4,814,452 | -6,237,536 | -6,191,679 | -5,017,428 | -4,897,330 | -4,291,915 | -3,983,861 | -4,109,029 | -2,990,173 | -3,508,365 | -47,188,561 | -3,245,776 | -2,653,529 | -1,705,430 | -1,505,353 | -1,283,713 | -1,067,364 | -1,364,710 | -35,212,775 | -1,131,010 | -1,397,463 | -1,519,250 | -29,886,350 | -908,465 | -1,333,132 | -1,050,412 | -23,048,509 | -1,292,314 | -1,768,812 | -3,044,543 | -14,776,297 | -18,087,326 | -15,172,548 | -12,708,871 | -18,087,326 | -971,140 | -9,842,270 | -8,891,844 | -7,454,856 | 1,761,231 | -5,072,559 | ||||||||||||||||||||||||||||||
income before income taxes | -644,503 | -14,499,609 | -7,838,873 | -5,965,140 | -5,699,892 | -5,387,698 | -4,177,649 | -3,879,901 | -4,967,129 | -4,163,320 | -3,953,981 | -4,568,914 | -5,386,237 | -5,815,158 | -4,449,038 | -4,558,503 | -5,410,259 | -3,490,030 | -5,009,892 | -3,198,020 | -3,811,119 | -43,533,661 | -5,912,059 | -3,143,590 | -1,744,289 | -76,585 | -2,621,535 | -289,080 | -1,089,186 | -34,063,489 | -1,127,841 | -1,394,151 | -1,517,136 | -28,433,986 | -903,985 | -1,328,541 | -1,045,043 | -21,625,424 | -1,286,720 | -1,761,887 | -3,031,201 | -13,646,457 | -16,715,554 | -13,860,194 | -11,482,754 | -16,715,554 | -944,938 | -8,953,769 | -8,219,422 | -7,011,292 | 1,732,268 | -5,017,973 | ||||||||||||||||||||||||||||||
net income per share | -0.01 | -0.14 | -0.08 | -0.06 | -0.06 | -0.05 | -0.05 | -0.05 | -0.06 | -0.05 | -0.05 | -0.06 | -0.07 | -0.07 | -0.05 | -0.06 | -0.07 | -0.05 | -0.07 | -0.05 | -0.07 | -0.04 | -0.04 | -0.08 | -0.06 | -0.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding – basic and diluted | 102,747,923 | 102,633,884 | 102,641,504 | 102,596,446 | 102,557,350 | 85,802,487 | 84,797,969 | 83,905,827 | 82,972,316 | 82,875,281 | 82,870,649 | 82,870,649 | 82,860,083 | 80,858,393 | 82,470,139 | 82,037,560 | 76,039,220 | 64,142,534 | 67,169,383 | 66,167,556 | 54,138,580 | 44,686,310 | 41,445,413 | 41,420,687 | 30,033,108 | 32,132,824 | 26,851,410 | 24,710,362 | 21,654,680 | 21,654,680 | 19,922,057 | 18,821,881 | 18,043,385 | 18,043,385 | 14,065,385 | 14,065,385 | ||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -630,943 | -14,473,909 | -7,848,323 | -5,979,812 | -5,721,718 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 6,926,298 | 3,644,234 | 2,631,031 | 2,674,398 | 2,107,152 | 1,601,785 | 1,729,520 | 1,865,942 | 1,493,545 | 1,420,015 | 2,305,555 | 2,691,145 | 2,360,068 | 1,974,757 | 2,319,822 | 1,942,363 | 1,599,620 | 1,223,137 | 891,215 | 759,682 | 17,306,131 | 441,424 | 521,491 | 613,129 | 760,661 | 628,876 | 534,623 | 637,383 | 12,481,750 | 516,873 | 491,828 | 615,297 | 9,853,178 | 408,374 | 535,197 | 610,825 | 7,645,430 | 441,316 | 392,559 | 721,911 | 5,358,857 | 6,504,163 | 6,040,964 | 5,479,431 | 6,504,163 | 420,558 | 4,469,200 | 4,022,122 | 3,587,914 | -1,230,680 | 2,156,676 | |||||||||||||||||||||||||||||||
change in fair value of warrants liability | 210,331 | -397,235 | 106,946 | -106,948 | 152,783 | 733,356 | 389,596 | 521,731 | 333,956 | -1,180,278 | 472,026 | -906,787 | -223,591 | -335,514 | 2,140,025 | -2,676,601 | -498,587 | -45,326 | 1,419,218 | -1,340,566 | 776,919 | 274,207 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 13,607 | 5,924 | 15,744 | 32,760 | 1,514,875 | 10,318 | 8,526 | 6,467 | 9,550 | 2,744 | 1,365 | 1,317 | 1,469,194 | 3,169 | 3,312 | 2,114 | 1,452,364 | 4,480 | 4,591 | 5,369 | 1,423,085 | 5,594 | 6,925 | 13,342 | 1,129,840 | 1,371,772 | 1,312,354 | 1,226,117 | 1,371,772 | 197,631 | 888,501 | 672,422 | 443,564 | 7,240.75 | 54,586 | |||||||||||||||||||||||||||||||||||||||||||||||
revenues – government grant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues - government grant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share – basic and diluted | -0.063 | -0.13 | -0.08 | -0.035 | -0.08 | -0.01 | -0.048 | -0.05 | -0.06 | -0.045 | -0.05 | -0.07 | -0.108 | -0.09 | -0.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues—government grant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding—basic and diluted | 14,065,329 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share — basic and diluted | -0.135 | -0.065 | -0.073 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding — basic and diluted |
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 | 2016-12-15 | 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 | 2009-12-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 755,859,000 | 709,171,000 | 689,892,000 | 652,800,000 | 580,656,000 | 517,553,000 | 442,331,000 | 375,693,000 | 310,411,000 | 137,636,000 | 120,971,000 | 178,787,000 | 148,247,000 | 298,395,000 | 256,065,000 | 210,912,000 | 178,372,000 | 171,445,000 | 154,836,000 | 135,295,000 | 127,328,000 | 130,237,109 | 117,105,973 | 115,052,248 | 101,750,937 | 89,511,710 | 44,983,218 | 23,417,512 | 19,081,714 | 16,559,400 | 10,616,313 | 9,887,939 | 19,600,591 | 57,496,702 | 7,328,984 | 8,583,727 | 9,981,044 | 13,893,064 | 17,638,100 | 18,717,104 | 22,227,962 | 28,235,016 | 32,750,459 | 37,221,453 | 41,323,435 | 9,096,778 | 11,263,677 | 14,801,544 | 1,072,465 | 2,215,958 | 12,962,966 | 879,076 | 646,045 | 1,409,939 | 11,973,860 | 7,514,843 | 4,722,795 | 6,029,067 | 2,151,432 | 3,406,091 | 6,872,673 | 5,475,158 | 7,779,277 | 11,766,629 | 15,027,447 | 13,084,108 | 14,716,512 | 16,886,194 | 17,600,170 | 19,064,940 | 20,434,702 | 3,003,436 | |
accounts receivable | 130,834,000 | 126,477,000 | 106,409,000 | 65,863,000 | 71,265,000 | 65,476,000 | 58,266,000 | 57,172,000 | 60,493,000 | 53,514,000 | 48,049,000 | 42,796,000 | 33,402,000 | 10,439,000 | 9,337,000 | 9,587,000 | 10,552,000 | 6,619,000 | 6,625,000 | 6,292,000 | 5,601,000 | 5,987,426 | 5,871,893 | 6,762,262 | 6,918,563 | 10,536,997 | 10,095,352 | 10,376,427 | 7,251,381 | ||||||||||||||||||||||||||||||||||||||||||||
inventory | 34,930,000 | 37,166,000 | 28,029,000 | 18,650,000 | 19,778,000 | 19,541,000 | 20,017,000 | 18,014,000 | 19,953,000 | 15,644,000 | 9,035,000 | 10,751,000 | 10,328,000 | 6,805,000 | 7,132,000 | 7,850,000 | 7,827,000 | 7,870,000 | 6,950,000 | 7,097,000 | 4,390,000 | 4,650,600 | 4,747,538 | 1,827,924 | 2,211,338 | 1,956,792 | 599,801 | 269,879 | 96,587 | 56,012 | |||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 18,767,000 | 21,216,000 | 28,123,000 | 21,426,000 | 14,019,000 | 21,039,000 | 18,384,000 | 23,550,000 | 13,745,000 | 12,535,000 | 13,962,000 | 8,634,000 | 6,934,000 | 5,158,000 | 3,776,000 | 4,333,000 | 5,016,000 | 4,351,000 | 4,428,000 | 7,641,000 | 8,243,000 | 8,327,771 | 5,614,052 | 7,521,253 | 6,062,715 | 4,351,074 | 3,339,399 | 1,488,603 | 1,881,266 | 1,649,781 | 816,820 | 677,341 | 992,828 | 1,173,744 | 510,492 | 621,558 | 929,862 | 1,047,944 | 310,855 | 650,977 | 1,023,892 | 1,504,738 | 1,393,918 | 861,268 | 4,432,574 | 4,552,698 | 4,317,358 | ||||||||||||||||||||||||||
total current assets | 940,390,000 | 894,030,000 | 852,453,000 | 758,739,000 | 685,718,000 | 623,609,000 | 538,998,000 | 474,429,000 | 404,602,000 | 219,329,000 | 192,017,000 | 240,968,000 | 198,911,000 | 320,797,000 | 276,310,000 | 242,558,000 | 221,191,000 | 210,106,000 | 192,795,000 | 176,305,000 | 161,533,000 | 159,243,974 | 143,342,205 | 131,163,687 | 116,943,553 | 111,363,623 | 90,579,443 | 72,055,863 | 54,862,012 | 55,187,406 | 62,480,975 | 69,086,236 | 78,935,997 | 85,187,157 | 34,416,977 | 35,752,948 | 37,456,804 | 41,453,761 | 45,055,290 | 48,673,440 | 53,478,804 | 59,901,133 | 64,356,233 | 68,264,584 | 75,969,713 | 43,827,821 | 45,764,333 | 45,855,112 | 22,168,043 | 25,320,038 | 28,639,755 | 12,484,273 | 14,401,356 | 16,726,678 | 12,085,492 | 7,681,631 | 4,965,517 | 6,228,183 | 4,268,959 | 5,573,845 | 7,100,629 | 5,775,404 | 7,887,424 | 11,915,156 | 15,217,974 | 13,396,593 | 15,342,864 | 17,447,584 | 18,176,853 | 19,335,975 | 3,006,661 | ||
operating lease right-of-use asset | 1,858,000 | 1,935,000 | 2,010,000 | 2,084,000 | 2,158,000 | 2,230,000 | 2,301,000 | 2,371,000 | 2,440,000 | 2,508,000 | 2,575,000 | 2,641,000 | 2,706,000 | 2,770,000 | 2,833,000 | 2,895,000 | 2,957,000 | 3,017,000 | 3,093,000 | 3,201,000 | 3,309,000 | 12,167 | 71,711 | 730,284 | 793,252 | 952,340 | 1,013,590 | 1,074,020 | |||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 994,000 | 1,037,000 | 1,077,000 | 1,149,000 | 1,239,000 | 1,354,000 | 1,380,000 | 1,227,000 | 1,308,000 | 1,195,000 | 1,186,000 | 1,203,000 | 1,285,000 | 847,000 | 882,000 | 917,000 | 925,000 | 959,000 | 951,000 | 914,000 | 944,000 | 129,800 | 149,119 | 167,514 | 196,926 | 210,467 | 141,088 | 147,619 | 140,320 | 245,425 | 201,093 | 187,131 | 183,370 | 191,385 | 205,450 | 218,289 | 231,246 | 244,204 | 249,038 | 258,518 | 178,351 | 191,549 | 197,635 | 63,294 | 71,139 | 71,377 | 71,280 | 65,396 | 52,649 | 40,628 | 46,334 | 52,041 | 57,747 | 53,679 | 10,832 | 13,556 | 14,366 | 12,186 | 18,281 | 25,733 | 44,963 | 45,573 | 68,447 | 96,376 | 104,535 | 112,694 | 120,926 | 125,517 | 49,555 | 22,180 | 19,717 | ||
license and acquired intangibles | 121,971,000 | 131,674,000 | 128,639,000 | 137,983,000 | 147,327,000 | 156,672,000 | 166,016,000 | 175,361,000 | 184,705,000 | 194,049,000 | 167,108,000 | 175,595,000 | 184,083,000 | 32,471,000 | 33,051,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 55,111,000 | 52,767,000 | 48,256,000 | 50,704,000 | 48,222,000 | 45,982,000 | 48,473,000 | 39,889,000 | 38,276,000 | 36,544,000 | 37,428,000 | 23,489,000 | 20,242,000 | 18,736,000 | 20,029,000 | 20,930,000 | 21,890,000 | 23,697,000 | 26,400,000 | 28,701,000 | 31,421,000 | 32,971,264 | 31,347,442 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investment in equity securities | 27,286,000 | 22,536,000 | 19,167,000 | 21,256,000 | 24,208,000 | 21,564,000 | 14,842,000 | 13,083,000 | 15,345,000 | 16,489,000 | 12,897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 1,147,610,000 | 1,103,979,000 | 1,051,602,000 | 971,915,000 | 908,872,000 | 851,411,000 | 772,010,000 | 706,360,000 | 646,676,000 | 470,114,000 | 413,211,000 | 443,896,000 | 407,227,000 | 375,630,000 | 333,114,000 | 267,309,000 | 246,972,000 | 237,788,000 | 223,248,000 | 209,130,000 | 197,216,000 | 192,353,926 | 174,859,821 | 131,411,800 | 117,879,651 | 112,376,230 | 96,690,559 | 78,234,360 | 61,076,840 | 60,449,962 | 67,709,813 | 74,287,576 | 79,128,255 | 85,387,430 | 34,631,315 | 35,980,125 | 37,696,938 | 41,706,853 | 45,313,216 | 48,940,846 | 53,666,043 | 60,101,570 | 64,562,756 | 68,336,766 | 76,049,740 | 43,908,086 | 45,844,501 | 45,929,396 | 22,229,580 | 25,369,554 | 28,694,977 | 12,545,202 | 14,467,991 | 16,789,245 | 12,105,212 | 7,704,075 | 4,988,771 | 6,249,257 | 4,297,751 | 5,610,089 | 7,156,103 | 5,831,488 | 7,966,382 | 12,032,968 | 15,347,957 | 13,534,735 | 15,489,238 | 17,593,489 | 18,246,796 | 19,378,543 | 20,619,479 | 3,512,007 | |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 7,151,000 | 11,202,000 | 9,096,000 | 5,528,000 | 11,197,000 | 16,593,000 | 11,563,000 | 7,116,000 | 10,261,000 | 14,795,000 | 4,598,000 | 4,421,000 | 3,391,000 | 3,975,000 | 2,529,000 | 2,315,000 | 5,139,000 | 2,768,000 | 2,752,000 | 2,924,000 | 2,561,000 | 4,256,020 | 2,005,340 | 5,804,778 | 1,347,577 | 4,117,447 | 4,147,029 | 3,328,726 | 2,940,086 | 2,337,367 | 1,340,984 | 922,593 | 805,023 | 1,945,575 | 1,081,608 | 692,345 | 917,928 | 933,176 | 1,055,324 | 707,292 | 1,251,473 | 1,794,127 | 817,021 | 1,316,292 | 1,050,515 | 1,814,210 | 524,795 | 1,238,176 | 932,105 | 850,789 | 1,473,341 | 448,282 | 567,185 | 1,365,663 | 355,909 | 222,983 | 350,329 | 263,934 | 174,038 | 478,011 | 425,419 | 105,933 | 249,635 | 332,707 | 635,633 | 181,276 | 316,578 | 229,478 | 146,383 | 312,465 | 417,754 | ||
accrued expenses and other liabilities | 125,247,000 | 135,950,000 | 119,639,000 | 107,479,000 | 100,452,000 | 104,085,000 | 93,832,000 | 85,202,000 | 69,305,000 | 61,268,000 | 53,208,000 | 48,082,000 | 53,318,000 | 53,613,000 | 42,152,000 | 20,173,000 | 17,799,000 | 24,295,000 | 17,862,000 | 13,211,000 | 11,875,000 | 18,500,267 | 16,226,609 | 14,405,597 | 16,287,936 | 19,981,295 | 13,835,292 | 10,822,803 | 6,086,029 | 7,173,987 | 2,127,450 | 2,159,435 | 1,926,371 | 2,320,587 | 1,655,986 | 1,148,080 | 987,612 | 1,161,359 | 940,271 | 1,598,165 | 1,412,314 | 1,646,476 | 1,569,166 | 1,236,955 | 4,798,494 | 4,040,816 | 5,414,301 | 1,126,215 | 1,504,621 | 1,288,820 | 1,538,320 | 1,189,391 | 416,050 | 281,002 | 397,421 | 454,059 | 528,962 | 569,867 | 248,616 | 178,125 | 436,930 | 193,028 | 44,517 | 1,097,410 | 585,004 | 558,867 | 121,503 | ||||||
total current liabilities | 132,398,000 | 147,152,000 | 128,735,000 | 113,007,000 | 111,649,000 | 120,678,000 | 105,395,000 | 92,318,000 | 79,566,000 | 76,063,000 | 57,806,000 | 52,503,000 | 56,709,000 | 57,588,000 | 44,681,000 | 22,488,000 | 22,938,000 | 27,063,000 | 20,614,000 | 16,135,000 | 14,436,000 | 22,756,287 | 18,231,949 | 20,210,375 | 17,635,513 | 24,098,742 | 17,982,321 | 14,151,529 | 9,026,115 | 9,511,354 | 3,468,434 | 3,082,028 | 2,731,394 | 4,266,162 | 2,737,594 | 1,840,425 | 1,905,540 | 2,094,535 | 1,995,595 | 2,305,457 | 2,663,787 | 3,440,603 | 2,386,187 | 2,553,247 | 5,849,009 | 5,855,026 | 5,939,096 | 2,364,391 | 2,436,726 | 2,139,609 | 3,011,661 | 1,637,673 | 983,235 | 1,646,665 | 753,330 | 677,042 | 879,291 | 833,801 | 422,654 | 656,136 | 862,349 | 298,961 | 294,152 | 1,430,117 | 1,220,637 | 740,143 | 438,081 | 405,054 | 418,496 | 524,346 | 686,519 | ||
operating lease liability, net of current portion | 2,235,000 | 2,350,000 | 2,461,000 | 2,572,000 | 2,681,000 | 2,786,000 | 2,889,000 | 2,991,000 | 3,091,000 | 3,188,000 | 3,282,000 | 3,376,000 | 3,468,000 | 3,557,000 | 3,643,000 | 3,729,000 | 3,813,000 | 3,894,000 | 3,973,000 | 4,051,000 | 4,129,000 | 568,421 | 647,532 | 725,700 | 801,264 | 875,098 | |||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 280,000 | 209,000 | 161,000 | 309,000 | 259,000 | 315,000 | 2,785,000 | 2,396,000 | 2,607,000 | 2,982,000 | 3,575,000 | 12,723,000 | 13,389,000 | 14,064,000 | 14,749,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 134,913,000 | 149,711,000 | 131,357,000 | 115,888,000 | 114,589,000 | 123,779,000 | 111,069,000 | 97,705,000 | 85,264,000 | 82,233,000 | 64,663,000 | 68,602,000 | 73,566,000 | 75,209,000 | 63,073,000 | 26,217,000 | 26,751,000 | 30,957,000 | 24,587,000 | 20,186,000 | 18,565,000 | 22,756,287 | 18,231,949 | 20,210,375 | 18,203,934 | 24,746,274 | 18,708,021 | 14,952,793 | 9,901,213 | 9,666,153 | 3,633,215 | 3,225,363 | 2,881,789 | 4,423,618 | 2,902,110 | 2,010,944 | 2,600,993 | 2,397,923 | 2,409,862 | 2,615,713 | 3,129,265 | 4,625,259 | 3,913,031 | 5,544,737 | 9,427,453 | 8,665,756 | 9,221,783 | 4,741,412 | 4,591,276 | 3,978,302 | 6,575,902 | 2,700,826 | 1,548,413 | 2,167,130 | 2,710,295 | 1,293,160 | 2,272,169 | 2,488,559 | 422,654 | 656,136 | 873,075 | 313,709 | 348,522 | 1,472,753 | 1,266,383 | 788,863 | 489,134 | 772,846 | |||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 122,000 | 123,000 | 123,000 | 122,000 | 122,000 | 121,000 | 119,000 | 119,000 | 118,000 | 107,000 | 107,000 | 107,000 | 106,000 | 105,000 | 104,000 | 103,000 | 103,000 | 103,000 | 103,000 | 103,000 | 104,000 | 103,782 | 103,648 | 103,422 | 103,409 | 103,397 | 103,041 | 102,929 | 102,804 | 102,739 | 102,689 | 102,599 | 102,586 | 102,549 | 85,235 | 84,555 | 82,972 | 82,972 | 82,871 | 82,871 | 82,871 | 82,851 | 82,695 | 82,097 | 82,010 | 69,119 | 67,170 | 67,170 | 54,146 | 54,133 | 53,987 | 41,471 | 41,421 | 41,421 | 34,742 | 30,742 | 24,742 | 24,701 | 21,655 | 21,655 | 21,655 | 19,395 | 18,038 | 14,060 | |||||||||
additional paid-in capital | 489,218,000 | 479,957,000 | 473,333,000 | 461,868,000 | 452,280,000 | 442,286,000 | 431,597,000 | 423,195,000 | 416,747,000 | 266,488,000 | 261,998,000 | 257,976,000 | 254,114,000 | 250,430,000 | 245,514,000 | 239,476,000 | 236,191,000 | 233,186,000 | 231,165,000 | 226,699,000 | 224,927,000 | 223,168,149 | 221,673,450 | 219,581,816 | 217,751,166 | 216,205,678 | 214,478,406 | 213,405,396 | 212,287,975 | 211,265,279 | 210,084,209 | 209,221,591 | 208,426,045 | 207,421,710 | 152,816,719 | 150,879,726 | 148,128,172 | 147,374,028 | 146,805,233 | 146,273,031 | 145,915,762 | 145,469,078 | 144,827,490 | 142,521,354 | 141,793,196 | 105,015,871 | 102,908,178 | 102,463,552 | 75,728,876 | 75,670,718 | 75,044,029 | 56,869,787 | 56,801,449 | 56,759,697 | 51,462,593 | 45,861,056 | 41,883,663 | 41,838,614 | 39,604,125 | 39,555,140 | 39,490,064 | 37,209,939 | 35,305,054 | 31,009,459 | 30,783,068 | 26,593,499 | 26,470,291 | 26,129,676 | 26,035,194 | 25,852,961 | 7,836,354 | ||
retained earnings | 523,349,000 | 474,188,000 | 446,789,000 | 394,006,000 | 341,898,000 | 285,161,000 | 229,225,000 | 185,341,000 | 144,547,000 | 121,272,000 | 86,428,000 | 117,192,000 | 79,430,000 | 49,862,000 | 24,391,000 | 1,643,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 8,000 | 31,000 | -17,000 | 64,000 | 14,000 | 15,000 | 19,000 | 11,000 | 24,000 | 32,000 | -130,000 | -453,000 | -148,000 | -63,000 | -37,000 | -45,000 | 31,332 | -6,471 | -1,191 | 83,751 | 9,505 | 19,428 | 21,758 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,012,697,000 | 954,268,000 | 920,245,000 | 856,027,000 | 794,283,000 | 727,632,000 | 660,941,000 | 608,655,000 | 561,412,000 | 387,881,000 | 348,548,000 | 375,294,000 | 333,661,000 | 300,421,000 | 270,041,000 | 241,092,000 | 220,221,000 | 206,831,000 | 198,661,000 | 188,944,000 | 178,651,000 | 169,597,639 | 156,627,872 | 111,201,425 | 99,675,717 | 87,629,956 | 77,982,538 | 63,281,567 | 51,175,627 | 50,783,809 | 64,076,598 | 71,062,213 | 76,246,466 | 80,963,812 | 31,729,205 | 33,969,181 | 35,095,945 | 39,308,930 | 42,903,354 | 46,325,133 | 50,536,778 | 55,476,311 | 60,649,725 | 62,792,029 | 66,622,287 | 35,242,330 | 36,622,718 | 41,187,984 | 17,638,304 | 21,391,252 | 22,119,075 | 9,844,376 | 12,919,578 | 14,622,115 | 9,394,917 | 6,410,915 | 2,716,602 | 3,760,698 | 3,875,097 | 4,953,953 | 6,283,028 | 5,517,779 | 7,617,860 | 10,560,215 | 14,081,574 | 12,745,872 | 15,000,104 | 17,188,435 | 17,828,300 | 18,854,197 | 2,825,488 | ||
total liabilities and stockholders’ equity | 1,147,610,000 | 1,103,979,000 | 1,051,602,000 | 971,915,000 | 908,872,000 | 851,411,000 | 772,010,000 | 706,360,000 | 646,676,000 | 470,114,000 | 413,211,000 | 443,896,000 | 407,227,000 | 375,630,000 | 333,114,000 | 267,309,000 | 246,972,000 | 237,788,000 | 223,248,000 | 209,130,000 | 197,216,000 | 192,353,926 | 174,859,821 | 131,411,800 | 117,879,651 | 112,376,230 | 96,690,559 | 78,234,360 | 61,076,840 | 60,449,962 | 67,709,813 | 74,287,576 | 79,128,255 | 85,387,430 | 34,631,315 | 35,980,125 | 37,696,938 | 41,706,853 | 45,313,216 | 48,940,846 | 53,666,043 | 60,101,570 | 64,562,756 | 68,336,766 | 76,049,740 | 43,908,086 | 45,844,501 | 45,929,396 | 22,229,580 | 25,369,554 | 28,694,977 | 12,545,202 | 14,467,991 | 16,789,245 | 12,105,212 | 7,704,075 | 4,988,771 | 6,249,257 | 4,297,751 | 5,610,089 | 7,156,103 | 5,831,488 | 7,966,382 | 12,032,968 | 15,347,957 | 13,534,735 | 15,489,238 | 17,593,489 | 18,246,796 | 19,378,543 | 3,512,007 | ||
short-term investments | 9,876,000 | 19,424,000 | 19,821,000 | 19,956,000 | 19,980,000 | 15,971,000 | 10,041,068 | 10,002,749 | 5,007,050 | 31,561,673 | 36,503,442 | 26,551,064 | 36,922,213 | 51,047,842 | 58,520,956 | 58,342,578 | 26,516,711 | 26,577,501 | 26,547,663 | 26,545,898 | 26,512,753 | 26,538,304 | 26,537,413 | 26,509,351 | 26,444,150 | 26,495,033 | 26,465,464 | 26,497,769 | 26,462,962 | 26,468,664 | 26,497,589 | 16,499,324 | 17,483,062 | 10,677,928 | 6,482,467 | 7,507,146 | 7,504,444 | ||||||||||||||||||||||||||||||||||||
deposits | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 8,888 | 10,511 | 10,511 | 10,511 | 10,511 | 10,511 | 21,436 | 25,448 | 25,448 | 25,448 | |||||||||||||||||||
accumulated deficit | -15,620,000 | -26,310,000 | -32,544,000 | -37,821,000 | -46,335,000 | -53,705,624 | -65,142,755 | -108,482,622 | -118,262,609 | -128,688,624 | -136,618,337 | -150,248,516 | -161,208,464 | -160,563,961 | -146,064,352 | -138,225,479 | -132,260,339 | -126,560,447 | -121,172,749 | -116,995,100 | -113,115,199 | -108,148,070 | -103,984,750 | -100,030,769 | -95,461,855 | -90,075,618 | -84,260,460 | -79,811,422 | -75,252,919 | -69,842,660 | -66,352,630 | -61,342,738 | -8,219,422 | -7,011,292 | -5,017,973 | ||||||||||||||||||||||||||||||||||||||
investments | 5,008,800 | 5,008,400 | 4,991,600 | 5,008,243 | 5,018,857 | 5,005,321 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other liabilities, non-current | 154,799 | 164,781 | 143,335 | 150,395 | 157,456 | 164,516 | 170,519 | 175,992 | 181,162 | 185,095 | 188,032 | 190,471 | 176,293 | 128,885 | 12,452 | 14,145 | 15,839 | 15,770 | 16,891 | 18,011 | 19,131 | 20,040 | 20,653 | 21,265 | 21,878 | 22,285 | 22,004 | 21,845 | 9,518 | 10,726 | 14,748 | 54,370 | 42,636 | 45,746 | 48,720 | 51,053 | |||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -6,688 | -20,248 | -45,948 | -36,498 | -21,826 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrants liability, at fair value | 519,461 | 122,226 | 229,172 | 122,224 | 275,007 | 1,008,363 | 1,397,959 | 2,979,038 | 3,564,299 | 2,794,891 | 3,266,917 | 2,360,130 | 2,136,539 | 1,819,562 | 3,544,201 | 1,042,500 | 543,913 | 498,587 | 1,934,680 | 594,114 | 1,371,033 | 1,645,240 | |||||||||||||||||||||||||||||||||||||||||||||||||||
certificates of deposit | 568,031 | 2,767,946 | 3,717,599 | 3,717,229 | 3,716,823 | 3,716,399 | 3,715,935 | 3,715,383 | 3,714,634 | 3,713,885 | 3,712,961 | 4,011,576 | 4,010,160 | 4,008,305 | 5,005,380 | 6,502,825 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 842,094 | 883,293 | 1,609,442 | 988,701 | 1,114,425 | 1,242,785 | 1,309,470 | 111,632 | 166,788 | 242,722 | 199,116 | 113,820 | 166,066 | 227,956 | 166,221 | 108,147 | 136,374 | 173,319 | 288,318 | 585,185 | 495,831 | 498,166 | 184,805 | 3,225 | |||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated during the development stage | -58,144,718 | -54,333,599 | -52,978,941 | -47,066,882 | -43,923,292 | -42,179,003 | -42,102,418 | -39,480,883 | -39,191,803 | -38,102,617 | -35,750,683 | -34,622,842 | -33,228,691 | -31,711,555 | -27,705,232 | -20,463,304 | -16,715,554 | -13,860,194 | -11,482,754 | -8,953,769 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
government grant receivable | 134,025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
certificate of deposit | 2,003,707 | 2,001,688 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
no shares issued and outstanding at december 31, 2010 and 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest receivable | 12,153 | 17,208 | 24,167 | 41,167 | 65,559 | 78,517 | 86,230 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series “a”, no shares issued and outstanding, at december 31, 2008 and 2007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series “b”, no shares issued and outstanding, at december 31, 2008 and 2007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .001 par value... | 14,060 | 12,567 | 12,567 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 20,388 | 20,388 | 20,388 | 13,555 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 175,576 | 272,113 | 211,881 | 268,765 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | 19,846,633 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, par value 0.001 per share... | 12,528 | 12,528 | 12,528 | 7,029 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance sheet data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
working capital | 19,814,976 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred public offering costs | 472,074 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholder’s equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity preferred stock, .01 par value, 5,000,000 shares authorized, par value 0.001 per share... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred stock, 70,000 shares outstanding at september 30, 2006 and december 31, 2005 | 70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred stock, 7,644 shares outstanding at september 30, 2006 and no shares outstanding at december 31, 2005 | 8 |
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 | 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 | 2009-06-30 | 2009-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 63,734,000 | 52,698,000 | 52,783,000 | 52,108,000 | 56,737,000 | 55,936,000 | 43,884,000 | 40,794,000 | 23,275,000 | 34,844,000 | -30,764,000 | 37,762,000 | 29,568,000 | 25,471,000 | 22,748,000 | 21,619,000 | 13,241,000 | 9,309,000 | 10,329,000 | 12,181,000 | 7,663,000 | 11,437,131 | 43,339,867 | 9,779,987 | 10,426,015 | 7,929,713 | 13,630,179 | -5,387,698 | -4,177,649 | -3,879,901 | -4,967,129 | -4,163,320 | -4,558,503 | -5,410,259 | -3,490,030 | -5,009,892 | -3,198,020 | -3,811,119 | -1,354,658 | -2,621,535 | -289,080 | -1,089,186 | -2,351,934 | -1,127,841 | -1,394,151 | -1,517,136 | -728,754 | -903,985 | -1,328,541 | -1,045,043 | -1,162,120 | -1,286,720 | -1,761,887 | -3,031,201 | |||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 70,000 | 72,000 | 72,000 | 116,000 | 115,000 | 114,000 | 106,000 | 91,000 | 86,000 | 84,000 | 81,000 | 82,000 | 69,000 | 35,000 | 35,000 | 37,000 | 34,000 | 33,000 | 31,000 | 31,000 | 97,000 | 19,319 | 29,793 | 29,412 | 13,541 | 27,609 | 6,532 | 6,438 | 13,748 | 12,493 | 9,294 | 8,176 | 8,015 | 6,935 | 12,839 | 12,957 | 12,958 | 11,964 | 9,482 | 8,762 | 13,198 | 6,086 | 11,259 | 8,975 | 8,148 | 7,971 | 7,235 | 7,452 | 21,030 | 6,438 | 6,234 | 6,329 | 6,751 | 7,306 | 7,799 | 8,040 | |||||||||||||
stock-based compensation | 6,260,000 | 5,661,000 | 5,670,000 | 7,597,000 | 5,850,000 | 5,171,000 | 4,424,000 | 4,408,000 | 8,248,000 | 4,250,000 | 3,810,000 | 3,298,000 | 2,892,000 | 1,926,000 | 2,055,000 | 2,023,000 | 1,903,000 | 1,472,000 | 1,512,000 | 1,518,000 | 1,571,000 | 1,469,264 | 1,477,846 | 1,794,462 | 1,519,351 | 1,149,348 | 817,060 | 924,996 | 933,411 | 1,029,621 | 758,176 | 791,507 | 971,340 | 485,510 | 529,738 | 638,569 | 754,144 | 488,645 | 532,202 | 357,269 | 457,969 | 576,342 | 330,770 | 363,895 | 314,451 | 287,643 | 444,626 | 22,570 | 23,130 | 42,550 | 46,665 | 44,888 | 41,752 | 204,274 | 45,585 | 45,090 | 45,090 | 248,923 | 48,985 | 65,076 | 53,751 | 245,982 | 35,972 | 85,788 | 82,347 | 319,277 | 75,355 | 64,532 | 142,274 |
amortization of intangible assets | 9,703,000 | 9,465,000 | 9,344,000 | 9,344,000 | 9,345,000 | 9,344,000 | 9,345,000 | 9,344,000 | 9,344,000 | 9,059,000 | 8,487,000 | 8,488,000 | 6,531,000 | 580,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | -2,336,000 | -4,511,000 | 2,417,000 | -2,434,000 | -2,321,000 | 2,555,000 | -8,584,000 | -1,613,000 | -1,746,000 | 883,000 | -13,943,000 | -3,239,000 | -1,519,000 | 1,285,000 | 934,000 | 817,000 | 1,901,000 | 2,745,000 | 2,301,000 | 2,720,000 | 1,550,000 | -1,623,822 | |||||||||||||||||||||||||||||||||||||||||||||||
accretion of discount | -135,000 | -116,000 | -96,000 | -78,000 | -60,000 | -39,000 | -1,083,000 | 134,000 | 153,000 | 174,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reduction in the carrying amount of right-of-use asset | 77,000 | 75,000 | 74,000 | 74,000 | 72,000 | 71,000 | 70,000 | 69,000 | 68,000 | 67,000 | 66,000 | 65,000 | 64,000 | 63,000 | 62,000 | 62,000 | 60,000 | 76,000 | 108,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of equity securities | -4,750,000 | -3,369,000 | 2,089,000 | 2,952,000 | -2,644,000 | -6,722,000 | -1,759,000 | 2,262,000 | 1,144,000 | -3,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -4,357,000 | -20,068,000 | -40,546,000 | 5,402,000 | -5,789,000 | -7,210,000 | -1,094,000 | 3,321,000 | -6,979,000 | -5,465,000 | -5,253,000 | -9,394,000 | -22,963,000 | -1,102,000 | 250,000 | 965,000 | -3,933,000 | 6,000 | -333,000 | -691,000 | 386,000 | -115,533 | 890,369 | 156,301 | 3,618,434 | -441,645 | 281,075 | -3,125,046 | -7,251,381 | ||||||||||||||||||||||||||||||||||||||||
inventory | 2,236,000 | -9,220,000 | -9,087,000 | 455,000 | -237,000 | 476,000 | -2,003,000 | 1,939,000 | -4,309,000 | -6,609,000 | 1,716,000 | -423,000 | 577,000 | 327,000 | 718,000 | -23,000 | 43,000 | -920,000 | 147,000 | -2,707,000 | 261,000 | 96,938 | -2,919,614 | 383,414 | -254,546 | -1,356,991 | -329,922 | -173,292 | -40,575 | ||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 2,449,000 | 6,907,000 | -6,697,000 | -7,407,000 | 7,020,000 | -2,655,000 | 5,166,000 | -9,805,000 | -1,210,000 | 1,427,000 | -5,328,000 | -1,700,000 | -191,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | -4,051,000 | 2,106,000 | 3,568,000 | -5,669,000 | -5,396,000 | 5,030,000 | 4,447,000 | -3,145,000 | -4,534,000 | 10,197,000 | 177,000 | 1,030,000 | -584,000 | 1,446,000 | 214,000 | -2,824,000 | 2,371,000 | 16,000 | -172,000 | 365,000 | -1,697,000 | 2,250,680 | -3,799,438 | 4,457,201 | -2,769,870 | -29,582 | 818,303 | 388,640 | 602,719 | 996,383 | 418,391 | 117,570 | -1,140,552 | 863,967 | 389,263 | -225,583 | -15,248 | -122,148 | 348,032 | -544,181 | -542,654 | 977,106 | -499,271 | 265,777 | -763,695 | 1,289,415 | -713,381 | 306,071 | 81,316 | -622,552 | 1,025,059 | -118,903 | -798,478 | 1,009,754 | 132,926 | -127,346 | 86,395 | ||||||||||||
accrued expenses and other liabilities | -9,207,000 | 5,210,000 | 13,241,000 | 8,265,000 | -2,552,000 | 8,900,000 | 20,046,000 | 16,428,000 | 8,474,000 | 8,190,000 | 5,163,000 | -5,131,000 | -2,422,000 | 11,506,000 | 9,022,000 | 2,367,000 | -6,504,000 | 6,436,000 | 4,574,000 | 1,548,000 | -7,038,000 | 2,359,449 | 1,904,346 | -1,773,557 | -3,699,518 | 6,139,918 | 3,006,526 | 4,730,908 | -1,337,155 | 5,036,555 | -10,539 | 226,004 | -401,277 | 664,671 | 501,902 | 154,996 | -178,917 | 217,155 | -660,831 | 183,412 | -219,984 | 124,718 | 317,468 | -63,231 | 755,984 | -1,367,588 | 4,286,965 | -385,354 | 214,681 | -250,409 | 348,316 | 772,728 | 134,436 | -116,826 | -56,357 | -74,744 | -28,578 | ||||||||||||
operating lease liability | -106,000 | -102,000 | -102,000 | -100,000 | -97,000 | -94,000 | -94,000 | -92,000 | -89,000 | -86,000 | -86,000 | -84,000 | -82,000 | -78,000 | -79,000 | -77,000 | -73,000 | -78,000 | 0 | 0 | 942,000 | -85,791 | -83,334 | -677,203 | -72,952 | -72,083 | -69,601 | -67,968 | -67,155 | ||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 59,587,000 | 44,891,000 | 32,438,000 | 71,298,000 | 60,043,000 | 70,877,000 | 72,871,000 | 64,135,000 | 31,925,000 | 55,648,000 | 45,128,000 | 30,754,000 | 12,070,000 | 40,077,000 | 41,301,000 | 26,191,000 | 8,478,000 | 19,176,000 | 21,707,000 | 15,675,000 | 3,814,000 | 13,105,567 | 11,451,109 | 13,265,110 | 7,213,078 | 12,291,441 | 16,262,617 | 14,020,170 | -7,962,755 | -8,313,530 | -6,803,030 | -4,506,396 | -6,081,450 | -4,029,867 | -2,632,841 | -3,200,989 | -3,878,875 | -4,411,739 | -3,278,026 | -4,343,520 | -5,930,218 | -4,631,322 | -5,343,193 | -4,245,737 | -3,794,969 | -3,979,955 | -3,552,924 | -2,983,860 | -2,425,044 | -4,130,259 | -1,683,987 | -1,812,224 | -2,249,204 | -1,593,786 | -1,100,934 | -1,144,355 | -1,301,291 | -1,438,196 | -1,252,640 | -1,463,094 | -831,119 | -769,152 | -817,344 | -1,149,321 | -1,021,588 | -828,906 | -1,353,231 | -2,664,440 | -2,836,612 |
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -27,000 | -32,000 | 0 | -88,000 | -259,000 | -10,000 | -199,000 | -93,000 | -64,000 | 0 | -74,000 | 0 | 0 | -41,000 | -68,000 | -1,000 | -911,000 | 0 | 1 | 0 | -13,737 | -5,633 | -56,825 | -23,256 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -27,000 | -32,000 | 0 | -88,000 | -259,000 | -10,000 | -199,000 | -38,318,000 | -92,817,000 | 0 | -162,367,000 | 0 | -132,000 | -41,000 | -68,000 | -4,001,000 | -6,911,000 | 0 | -10,011,398 | 0 | 5,000,000 | 31,658,771 | 5,047,027 | -9,876,922 | 10,395,719 | 14,105,118 | 7,426,872 | -5,210,308 | -31,847,693 | 60,790 | -29,838 | -1,765 | -33,145 | 586,452 | 2,199,022 | 832,662 | -65,571 | 50,477 | -44,418 | 30,711 | -43,269 | -8,943 | 15,057 | -10,012,191 | 1,265,047 | -6,806,550 | -4,197,316 | 2,021,755 | 1,485,310 | -14,052,769 | -1 | -1,900 | -4,981 | 2,001,887 | -2,019 | ||||||||||||||
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of employee withholding tax related to stock-based compensation | -301,000 | -912,000 | 0 | -219,000 | -642,000 | -464,000 | 0 | 0 | -204,000 | -453,000 | 0 | -52,000 | -477,000 | -210,000 | 0 | -136,000 | 0 | -39,163 | 0 | 0 | 0 | 0 | 0 | -11,265 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 3,302,000 | 1,876,000 | 5,796,000 | 2,210,000 | 4,787,000 | 5,984,000 | 3,978,000 | 2,031,000 | 1,522,000 | 693,000 | 212,000 | 617,000 | 1,270,000 | 3,201,000 | 3,984,000 | 1,384,000 | 1,000,000 | 685,000 | 2,955,000 | 271,000 | 188,000 | 64,732 | 631,048 | 36,201 | 26,149 | 578,280 | 256,062 | 192,550 | 89,350 | 151,499 | 104,532 | 8,500 | 33,032 | ||||||||||||||||||||||||||||||||||||
repurchase of common stock | -14,574,000 | 0 | 0 | -4,356,000 | -2,551,000 | -3,075,000 | -5,053,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of liabilities arising from asset acquisition | -1,299,000 | -1,244,000 | -1,142,000 | -1,119,000 | -1,085,000 | -1,087,000 | -9,952,000 | -874,000 | -973,000 | -905,000 | -10,339,000 | -779,000 | -644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -12,872,000 | -25,580,000 | 4,654,000 | 872,000 | 3,060,000 | 4,433,000 | -5,974,000 | 1,157,000 | 141,049,000 | -665,000 | -10,127,000 | -214,000 | 149,000 | 2,253,000 | 3,984,000 | -2,992,000 | -1,551,000 | -2,526,000 | -2,098,000 | -3,707,000 | 188,000 | 25,569 | 614,014 | 36,201 | 26,149 | 578,280 | 256,062 | 192,550 | 89,350 | 151,499 | 104,532 | 4,052 | 33,032 | 54,136,795 | 1,407,936 | 80,251 | 0 | 0 | -11,265 | 65,402 | 916,617 | 113,044 | 36,064,895 | 1,821,999 | 0 | 26,725,130 | 16,504 | 189,801 | 17,965,193 | 5,082,634 | 5,559,952 | 3,313,944 | 0 | 0 | 2,228,634 | 0 | |||||||||||||
net increase in cash and cash equivalents | 46,688,000 | 19,279,000 | 37,092,000 | 72,144,000 | 63,103,000 | 75,222,000 | 66,638,000 | 65,282,000 | 172,775,000 | 16,665,000 | -57,816,000 | 30,540,000 | -150,148,000 | 42,330,000 | 45,153,000 | 32,540,000 | 6,927,000 | 16,609,000 | 19,541,000 | 7,967,000 | -2,909,000 | 13,131,136 | 2,053,725 | 13,301,311 | 12,239,227 | 44,528,492 | 21,565,706 | 4,335,798 | 2,522,314 | 5,943,087 | 728,374 | -9,712,652 | -37,896,111 | 50,167,718 | -1,254,743 | -1,397,317 | -3,912,020 | -3,745,036 | -1,079,004 | -3,510,858 | -6,007,054 | -1,143,493 | |||||||||||||||||||||||||||
cash and cash equivalents – beginning of period | 709,171,000 | 0 | 0 | 0 | 517,553,000 | 0 | 0 | 0 | 137,636,000 | 0 | 0 | 0 | 298,395,000 | 0 | 0 | 0 | 171,445,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents – end of period | 755,859,000 | 19,279,000 | 37,092,000 | 72,144,000 | 580,656,000 | 75,222,000 | 66,638,000 | 65,282,000 | 310,411,000 | 16,665,000 | -57,816,000 | 30,540,000 | 148,247,000 | 42,330,000 | 45,153,000 | 32,540,000 | 178,372,000 | 5,943,087 | 50,167,718 | ||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 1,839,000 | 16,851,000 | 15,895,000 | 38,601,000 | 639,000 | 16,760,000 | 17,590,000 | 8,795,000 | 13,842,000 | 1,323,000 | 500,000 | 5,803,000 | 41,000 | 1,562,000 | 1,097,000 | 590,497 | 2,145,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 140,000 | 130,000 | 121,000 | 112,000 | 103,000 | 94,000 | 1,161,000 | 75,000 | 65,000 | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired inventory samples expensed from asset acquisition | 0 | 0 | 0 | 130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired in-process research and development | 2,225,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory reserve and write-offs | 83,000 | -292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments in connection with asset acquisitions | -36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of in-process research and development | -2,225,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equity securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | 0 | 0 | 141,000,000 | 0 | 0 | 34,873,869 | 0 | 0 | 2,228,634 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of fees in connection with issuance of common stock | 0 | 0 | 0 | -296,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities arising from asset acquisition | 0 | 0 | 0 | 1,915,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued milestone payment classified as license and acquired intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on sale of available-for-sale securities | 0 | 129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquired research and development inventory expensed from asset acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of available-for-sale securities | 9,868,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment in connection with asset acquisition | 0 | -162,293,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments | 0 | 0 | -4,000,000 | -6,000,000 | 0 | 0 | -4,952,973 | -19,827,454 | -9,944,974 | 339,550 | -95,904 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities arising from obtaining right-of-use assets | 0 | 0 | 0 | 3,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in accrued interest and accretion of discount on investments | 0 | 8,000 | 11,000 | -2,000 | 4,000 | -3,000 | 0 | -6,000 | -516 | -8,029 | -84,942 | 81,296 | -105,269 | -107,989 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options not yet settled at end of period | 102,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets and deposits | -1,382,000 | 557,000 | 581,000 | -563,000 | 77,000 | 3,213,000 | 602,000 | 85,000 | -2,713,719 | 1,907,201 | -1,458,538 | -1,711,641 | -1,011,675 | -1,850,796 | 392,663 | -231,485 | -832,961 | -139,479 | 315,487 | 180,916 | -663,252 | 111,066 | 308,304 | 118,082 | -737,089 | 340,122 | 372,915 | 480,846 | -110,820 | -532,650 | 71,306 | 120,124 | -235,340 | ||||||||||||||||||||||||||||||||||||
proceeds from maturities and sale of available-for-sale securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment in connection with license agreement | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock not yet settled at end of period | 293,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities and sales of investments | 0 | 0 | 0 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 0 | 0 | 130,237,000 | 0 | 0 | 89,511,710 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 19,541,000 | 7,967,000 | 127,328,000 | 2,053,725 | 13,301,311 | 101,750,937 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities | -26,000 | 8,000 | -76,000 | 37,803 | -5,280 | -84,942 | 74,246 | -9,923 | -2,330 | 28,446 | 13,560 | 25,700 | -9,450 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of right-of-use asset | 12,167 | 59,544 | 658,573 | 62,968 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash change in right-of-use asset | 61,250 | 60,430 | 59,621 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales/maturities of investments | 10,000,000 | 9,964,269 | 20,346,326 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of period | 0 | 0 | 16,559,400 | 0 | 57,496,702 | 0 | 13,893,064 | 0 | 0 | 28,235,016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - end of period | 21,565,706 | 4,335,798 | 19,081,714 | -9,712,652 | 19,600,591 | -1,397,317 | 9,981,044 | -1,079,004 | -3,510,858 | 22,227,962 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -644,503 | -5,965,140 | -5,699,892 | -4,568,914 | -5,386,237 | -5,815,158 | -3,143,590 | -1,744,289 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrants liability | 0 | 0 | -210,331 | 397,235 | -106,946 | 106,948 | -152,783 | -733,356 | -389,596 | -521,731 | -333,956 | 1,180,278 | -472,026 | 906,787 | 223,591 | 335,514 | -1,330,155 | 2,676,601 | 498,587 | 45,326 | -1,419,218 | 1,340,566 | -776,919 | -274,207 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of investments | 13,822,393 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrants | 0 | 1,403,986 | 0 | 591,668 | 113,044 | 1,191,026 | 1,299,999 | 0 | 0 | 16,504 | 189,801 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of liability classified warrants for common stock | 0 | 0 | 0 | 1,059,348 | 251,305 | 410,870 | 0 | 0 | 0 | 18,537 | 394,484 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments | -31,847,693 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on available-for-sale securities | 21,826 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -27,000 | -32,000 | 0 | 0 | -88,000 | -259,000 | -10,000 | -199,000 | -93,000 | -64,000 | 0 | -74,000 | 0 | 0 | 0 | -41,000 | -68,000 | -1,000 | -911,000 | 0 | 0 | 0 | 1 | 0 | -13,737 | -5,633 | -56,825 | -23,256 | 0 | 0 | 0 | 0 | 0 | 0 | -7,130 | -2 | 0 | 0 | 0 | -14,425 | -1,130 | -7,910 | -13,896 | -13,119 | -13,002 | -17,306 | 0 | 0 | 1 | -9,433 | -45,500 | -1 | -1,900 | -4,981 | -1,820 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
free cash flows | 59,560,000 | 44,859,000 | 32,438,000 | 71,298,000 | 70,789,000 | 72,612,000 | 64,125,000 | 31,726,000 | 55,555,000 | 45,064,000 | 30,754,000 | 11,996,000 | 40,077,000 | 41,301,000 | 26,191,000 | 19,135,000 | 21,639,000 | 15,674,000 | 2,903,000 | 13,105,567 | 11,451,109 | 13,265,110 | 12,291,442 | 16,262,617 | 14,006,433 | -7,968,388 | -8,370,355 | -6,826,286 | -4,506,396 | -6,081,450 | -4,029,867 | -2,632,841 | -3,200,989 | -3,878,875 | -4,418,869 | -3,278,028 | -4,343,520 | -5,930,218 | -4,631,322 | -5,357,618 | -4,246,867 | -3,802,879 | -3,993,851 | -3,566,043 | -2,996,862 | -2,442,350 | -4,130,259 | -1,683,987 | -1,812,223 | -2,258,637 | -1,639,286 | -1,100,935 | -1,146,255 | -1,306,272 | -1,440,016 | -1,252,640 | -1,463,094 | -831,119 | -769,152 | -817,344 | -1,149,321 | -1,021,588 | -828,906 | -1,353,231 | -2,664,440 | -2,836,612 | |||
proceeds (purchase) of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds (purchase) of certificates of deposit | 568,031 | 2,199,915 | 298,615 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of employee withholding tax related to stock- based compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options | 65,402 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash incentive received from lessor | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | -29,838 | -1,765 | -33,145 | -891 | -28,062 | -65,201 | 5,702 | -2,702 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of certificates of deposit | -370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock and warrants | 0 | 0 | 0 | 66,385 | 5,559,952 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(purchase) redemption of certificates of deposit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -4,470,994 | -4,101,982 | 32,226,657 | -3,537,867 | 12,083,890 | 233,031 | -763,894 | 4,459,017 | 2,792,048 | -1,306,272 | -1,254,659 | -3,466,582 | 1,397,515 | 638,809 | -1,149,321 | -1,021,588 | -1,353,231 | -2,664,440 | -2,836,612 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 9,096,778 | 0 | 0 | 2,215,958 | 0 | 0 | 1,409,939 | 0 | 0 | 6,029,067 | 0 | 0 | 5,475,158 | 0 | 0 | 7,779,277 | 0 | 0 | 11,766,629 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -4,470,994 | -4,101,982 | 41,323,435 | -3,537,867 | 13,729,079 | 1,072,465 | 12,083,890 | 233,031 | 646,045 | 4,459,017 | 2,792,048 | 4,722,795 | -1,254,659 | -3,466,582 | 6,872,673 | 638,809 | -1,149,321 | 6,757,689 | -1,353,231 | -2,664,440 | 8,930,017 | ||||||||||||||||||||||||||||||||||||||||||||||||
redemption (purchase) of short-term investments | 32,305 | -34,807 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption (purchase) of certificates of deposit | -464 | -552 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible promissory note | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of note to common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from certificates of deposit | -749 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and deposits | 41,199 | 726,149 | -620,741 | 125,724 | 128,360 | 66,685 | -1,197,838 | 55,156 | 75,934 | -43,606 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (purchase of) short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash financing activity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 5,285 | 5,706 | 5,707 | 5,706 | 5,364 | 2,653 | 2,725 | 2,710 | 2,801 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds (purchase) of short term investments | 983,738 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of employee withholding tax related to restricted stock units | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of note for common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
government grant receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (purchase of) certificates of deposit | -1,855 | 997,075 | 1,497,445 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (purchase of) short term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of certificates of deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash operating activity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in government grant receivable | 0 | 0 | 134,025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and deposits | 52,246 | 128,161 | 42,903 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable | -303,973 | 52,592 | 319,486 | -135,338 | -10,698 | 163,705 | -161,371 | 86,568 | -112,596 | -461,963 | 404,919 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses and other liabilities | 70,491 | -269,531 | 234,052 | 34,210 | -73,028 | -46,556 | 194,263 | -53,336 | -79,479 | -607,019 | -301,325 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of certificate of deposit | -2,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of employee withholding tax related to rsu | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of employee withholding tax related to rsus | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash operating activity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and deposits | -61,735 | -98,535 | -68,781 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in interest receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in grant funds receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other prepaid expenses and deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of shelf registration costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in interest receivable | 9,462 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in other prepaid expenses and deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses for initial public offering | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash operating activity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant lease incentive | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities (increase) in other prepaid expenses and deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the year for interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the year for income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: |
