Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jan. 31, 2017
Jan. 31, 2016
OPERATING ACTIVITIES    
Net loss $ (17,081,003) $ (19,844,935)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock compensation 5,110,425 9,529,008
(Gain) on change in fair value of derivative liabilities (9,504) (49,282)
Employee stock purchase plan 67,923 9,673
Depreciation expense 157,580 46,034
Amortization of intangible assets 74,410 57,946
Deferred rent 58,411 11,182
Lease incentive obligation (10,056)
Amortization of premium on held to maturity investments 44,005 82,491
Change in operating assets and liabilities:    
Interest receivable (100,822) (7,008)
Prepaid expenses 235,060 132,075
Income tax receivable 2,549,862 1,609,349
Other current assets (79,346) (135,823)
Deferred expenses (143,640) 569,284
Other assets 24,380 (152,375)
Accounts payable and accrued expenses (1,454,011) 3,250,088
Deferred revenue (3,540,842)
Net cash used in operating activities (14,097,168) (4,892,293)
INVESTING ACTIVITIES    
Purchases of held to maturity investments (46,525,169) (5,068,339)
Proceeds from maturities and redemptions on held to maturity investments 6,522,333 2,450,000
Purchase of property and equipment (1,127,000) (445,197)
Cost of intangible assets (81,432) (170,391)
Net cash used in investing activities (41,211,268) (3,233,927)
FINANCING ACTIVITIES    
Proceeds from exercise of warrants 614,368
Taxes paid related to net share settlement of equity awards (9,810) (17,709)
Employee tax withholdings paid on equity awards (204,614) (698,398)
Tax shares sold to pay for employee tax withholdings on equity awards 338,486 336,754
Net cash provided by financing activities 124,062 235,015
Net decrease in cash and cash equivalents (55,184,374) (7,891,205)
Cash and cash equivalents at beginning of period 112,750,980 66,561,683
Cash and cash equivalents at end of period 57,566,606 58,670,478
Supplemental Disclosures of Cash Flow Information    
Cash paid for taxes 50,000 50,000
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Accrued expenses from consultants settled with Common Stock 75,000 55,000
Sale of treasury shares pending settlement 2,144
Property and equipment included in accounts payable and accrued expenses $ 115,637