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Bridge loan - - 300,000
Repayment of bridge loan - (300,000) (300,000)
Repayment of capital lease
and equipment financing
obligations (29,630) (91,019) (290,431)
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(29,630) 24,164,826 37,787,661
Investing activities:
Purchase of short-term
investments (27,015,587) (16,135,490) (43,151,077)
Maturity of short-term
investments 36,325,887 - 36,325,887
Leasehold inducements - 243,780 243,780
Long-term investment - - (20,000)
Acquisition of facilities
and equipment (740,098) (1,201,387) (2,969,293)
Disposal of equipment - - 8,986
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8,570,202 (17,093,097) (9,561,717)
Increase (decrease) in cash
and cash equivalents 1,558,300 3,924,098 5,635,365
Cash and cash equivalents,
beginning of period 4,077,065 152,967 -
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Cash and cash equivalents,
end of period 5,635,365 4,077,065 5,635,365
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Forward-Looking Statements
Certain statements in this news release constitute "forward-looking
statements" within
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