7Baggers
Quarterly
Annual
    Unit: USD2019-03-31 2018-12-31 2018-09-30 
      
    		   
      operating activities
    		   
      net income
    		-13,766,789 -9,685,735 -9,673,013 
      adjustments to reconcile net income to net cash from operating activities:
    		   
      stock-based compensation
    		886,985 469,574 864,352 
      depreciation and amortization
    		609,034   
      amortization of discount on long-term debt and convertible notes
    		 0 0 
      non-cash interest expense
    		16,559 3,599 69,566 
      warrant fair value adjustment
    		 0 -106,265 
      non-cash rent income
    		 -52,103 -51,465 
      changes in operating assets and liabilities:
    		   
      accounts receivable
    		262,071 -190,631  
      prepaid expenses and other current assets
    		-83,888 21,825 -13,174 
      other non-current assets
    		481,177 137,168 2,177,016 
      accounts payable
    		2,867,151 430,003 -430,277 
      accrued expenses
    		190,672 -54,625 325,700 
      accrued compensation
    		-1,571,327 648,646 259,956 
      deferred revenue
    		 -326,702 -104,238 
      net cash from operating activities
    		-10,108,355 -8,328,559 -6,280,261 
      capex
    		-114,983 -220,612 -93,615 
      free cash flows
    		-10,223,338 -8,549,171 -6,373,876 
      investing activities
    		   
      purchases of property, plant and equipment
    		-245,319 -101,073 -139,891 
      net cash from investing activities
    		-245,319 -101,073 -139,891 
      financing activities
    		   
      principal payments on finance leases
    		-220,933   
      refund of principal payments on long-term debt
    		 0 0 
      principal payments on long-term debt
    		 -9,972,330 -1,433,484 
      payments for debt issuance costs
    		 -5,000 0 
      proceeds from issuance of series d preferred stock, net of issuance costs
    		 0 -113 
      proceeds from public offering of common stock, net of underwriting fees and commissions
    		32,047,576   
      payments for deferred offering costs
    		-262,077 -494,813 -1,102,231 
      proceeds from exercise of stock options and warrants
    		63,902 48,535 71,948 
      net cash from financing activities
    		31,628,468 448,827 44,703,873 
      net increase in cash
    		21,274,794 -7,980,805 38,283,721 
      cash, beginning of period
    		39,534,985 0 0 
      cash, end of period
    		60,809,779 -7,980,805 38,283,721 
      supplemental disclosure of cash flow information
    		   
      cash paid for interest
    		202,132 225,499 567,006 
      purchase of equipment with leases
    		   
      changes in purchases of equipment in accounts payable
    		130,336 -119,539 46,276 
      purchase of build-to-suit asset with deferred financing obligation
    		 0 0 
      reclassification of deferred financing obligation to long-term debt
    		 0 -1,337,457 
      reclassification of financing costs on deferred financing obligation to discount on long-term debt
    		 0 1,337,457 
      conversion of convertible notes and accrued interest into series d preferred stock
    		 0 0 
      deferred offering costs incurred but not paid
    		120,347 -231,375 -509,671 
      preferred stock issuance costs in accounts payable
    		   
      balance sheet:
    		   
      assets
    		   
      property , plant and equipment
    		8,130,708   
      operating lease right-of-use assets
    		   
      liabilities
    		   
      deferred rent
    		2,674,683   
      operating lease liabilities
    		   
      finance lease liabilities
    		828,785   
      long-term debt
    		11,944,549   
      stockholders’ equity
    		   
      accumulated deficit
    		-167,053,897  0 
      depreciation
    		 408,117 409,616 
      non-cash gain on early extinguishment of long-term debt
    		   
      derivative fair value adjustment
    		   
      lease incentive
    		   
      accrued interest
    		   
      principal payments on capital lease obligations
    		 -127,214 -152,831 
      proceeds from issuance of convertible notes
    		   
      proceeds from issuance of long-term debt
    		   
      proceeds from initial public offering, net of underwriting fees and commissions
    		 -351  
      purchase of equipment with capital leases
    		 0 43,280 
      recording of discount on long-term debt
    		   
      conversion of accrued interest to long-term debt
    		 38,435 0 
      recording of warrant liabilities with corresponding discount on convertible notes
    		   
      recording of derivative liabilities with corresponding discount on convertible notes
    		   
      recording of discount on convertible notes as paid-in capital for beneficial conversion feature
    		   
      debt issuance costs incurred but not paid
    		   
      exercise of stock options through exchange of vested stock options
    		 0 33,627 
      issuance of convertible note for debt issuance costs
    		   
      lab and build-to-suit equipment
    		   
      office equipment
    		   
      furniture and fixtures
    		   
      computer equipment
    		   
      leasehold improvements
    		   
      prepaid expenses and other assets
    		  0 
      current portion of deferred revenue
    		  0 
      long-term deferred revenue
    		  0 
      accounts and related party receivables
    		   
      stockholders’ deficit
    		   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.