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 ($)
9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
OPERATING ACTIVITIES    
Net loss $ (70,174,253) $ (51,853,393)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock compensation 24,694,464 19,369,948
Gain on change in value of warrants and embedded derivative (20,156) (56,214)
Loss on disposal of property and equipment 3,187
Impairment of intangible assets 107,626
Employee stock purchase plan 223,119 28,189
Depreciation expense 553,779 163,581
Amortization expense of intangible assets 239,155 183,184
Lease incentive obligation (30,169) 375,443
Amortization of premium on held-to-maturity investments 150,062 218,733
Deferred rent 170,276 374,724
Change in operating assets and liabilities:    
Interest receivable (146,656) 5,128
Prepaid expenses (470,180) (428,788)
Income tax receivable 2,549,862 1,609,349
Other receivable (1,500,000)
Other current assets (46,452) (13,714)
Deferred expenses (1,136,336) (3,614,485)
Other assets (48,760) (320,109)
Accounts payable and accrued expenses (3,634,230) 2,817,033
Deferred revenue (10,017,842)
Net cash used in operating activities (58,533,504) (31,141,391)
INVESTING ACTIVITIES    
Purchases of held-to-maturity investments (73,425,703) (24,248,963)
Proceeds from maturities and redemptions on held-to-maturity investments 38,220,333 20,649,000
Purchase of property and equipment (3,419,298) (2,003,804)
Cost of intangible assets (959,821) (602,827)
Net cash used in investing activities (39,584,489) (6,206,594)
FINANCING ACTIVITIES    
Net proceeds of issuance of common stock 705,868
Proceeds from exercise of warrants 1,125 614,368
Taxes paid related to net share settlement of equity awards (354,262) (52,752)
Employee tax withholdings paid on equity awards (1,547,612) (1,926,763)
Tax shares sold to pay for employee tax withholdings on equity awards 1,575,349 1,893,645
Net cash provided by financing activities 380,468 528,498
Net decrease in cash and cash equivalents (97,737,525) (36,819,487)
Cash and cash equivalents at beginning of period 112,750,980 66,561,683
Cash and cash equivalents at end of period 15,013,455 29,742,196
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
Conversion of notes payable into common stock 29,549
Property and equipment included in accounts payable and accrued expenses $ 85,931 $ 34,797