Lipocine inc. (LPCN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net loss

-5,770

-3,292

-3,060

-3,430

-3,224

-3,225

-2,459

-3,255

-2,719

-5,331

-4,700

-6,089

-4,861

-2,966

-3,235

-5,760

-7,009

-4,633

-6,372

-4,246

-2,955

-4,039

-4,094

-6,971

-5,267

-4,390

-3,475

-1,372

-1,351

-876

4,829

-61

-4

-

-

-

-

Adjustments to reconcile net loss to cash used in operating activities:
Depreciation expense

0

3

3

3

3

4

4

4

5

7

7

7

7

8

8

8

6

7

10

4

4

5

3

3

3

6

5

5

5

-

-

-

-

-

-

-

-

Forgiveness of related party receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3

-

-

-

-

-

-

-

-

Stock-based compensation expense

321

254

58

446

276

332

243

454

427

498

939

646

632

438

459

740

733

408

354

208

179

438

239

168

1,045

220

160

118

480

-

-

-

-

-

-

-

-

Loss on disposition of property and equipment

-

-

-

-

-

0

0

0

-37

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

40

45

51

56

66

64

64

64

64

0

0

0

0

-

-

-

-

93

87

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash loss on change in fair value of warrant liability

1,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on marketable investment securities

10

16

41

63

42

39

50

60

48

43

35

14

6

-14

-43

-74

-91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accrued interest income

-7

5

-4

-0

-22

8

-16

-0

24

13

-4

-22

-2

-76

10

-54

15

-2

47

99

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation insurance recovery

-

-

-

-

-

0

0

-3,566

246

3,319

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-282

375

-

-

-

-

-

-

-

-

Prepaid and other current assets

-172

-208

605

-262

-108

-208

615

-134

-160

-45

364

-173

-67

-127

303

-114

-81

2

166

-5

-43

-56

-987

1,016

-513

518

173

27

-39

-

-

-

-

-

-

-

-

Accounts payable

472

-178

1,244

-401

-153

431

-166

18

-209

-205

-309

260

607

-619

-124

-88

570

50

120

-43

73

-92

-242

-131

17

-456

666

28

430

-

-

-

-

-

-

-

-

Accrued expenses

288

-91

-452

567

-60

-1

-398

581

-1,191

-183

-105

294

411

372

-888

-321

-968

1,162

455

308

-369

-330

629

301

470

111

20

7

9

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-0

-

-

-

-

Net (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Adjustments to reconcile net (loss) to net cash provided by operating activities:Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash used in operating activities

-3,376

-3,308

-2,797

-2,557

-3,002

-2,232

-3,359

-2,740

-3,746

-4,296

-4,565

-4,700

-3,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,039

-2,078

-54

-5

-7

0

0

0

Cash flows from investing activities:
Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

0

-55

0

0

-

-

-

-

-

-

-

-

Cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,176

-6,509

-

-5,557

-3,861

-3,025

-3,963

-2,477

-7,646

-3,217

-4,113

-2,759

-958

-758

-

-

-

-

-

-

-

-

Refund of rental deposit

-

-

-

-

-

-

-

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable investment securities

447

-

-

-

6,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refund of rental deposit

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases or disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20

39

-0

13

1

13

38

19

0

1

0

0

0

1

-

-

-

-

-

-

-

-

Purchases of marketable investment securities

-

-

-

-

-

-

-

3,519

13,210

8,309

13,595

4,178

6,972

6,058

15,236

798

3,178

1,806

8,857

15,125

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable investment securities

4,350

2,300

8,549

4,300

4,700

9,800

10,438

4,300

12,300

6,500

8,417

12,865

8,400

8,888

11,620

4,260

3,800

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,434

582

-

-8,871

-15,127

-13

-38

-19

21

-1

0

0

0

-1

-

-

0

0

-

-

-

-

Cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash provided by (used in) investing activities

3,902

557

5,971

-1,447

-2,082

4,945

6,469

780

-903

-1,809

-5,178

8,686

1,427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-12

0

0

0

0

0

0

Cash flows from financing activities:
Proceeds from debt

-

-

-

-

-

0

0

0

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt repayments

833

833

833

833

833

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

46

146

0

388

571

0

0

34

0

120

20

136

0

0

16

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of accrued common stock offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

271

-

-

-

-

-

-

-

-

-

-

-

-

Due to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net proceeds from common stock offering

5,653

1,052

603

281

6,063

-

-

-

0

0

2,237

5,708

2,698

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-40

40

0

-

-

-

-

Net proceeds exercise of warrants

60

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

34

-

57

32,521

136

0

0

16

-271

-

-

-

-

-

-

-

-

-

-

-

-

Due to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash provided by financing activities

4,880

5,814

-173

-552

5,229

561

90

0

10,000

46

2,384

5,708

3,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-40

40

0

30

0

0

0

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

5,350

-

-

-

1,375

854

-7,666

-1,741

-5,892

-3,917

-14,371

13,532

-2,901

-4,001

-2,496

-7,608

-3,490

8,424

33,232

-1,011

-759

-1,039

-2,131

-14

-5

-

-

-

-

Net increase in cash and cash equivalents

5,406

-

3,000

-4,557

144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information:
Interest paid

92

108

132

147

156

105

153

146

127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing activity:
Net unrealized gain on available-for-sale securities

0

-0

-2

1

2

2

7

8

-15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized gain (loss) on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-5

3

35

-38

15

-10

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued final payment charge on debt

40

-

51

56

66

-

64

64

64

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Decrease) Increase in Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash paid during the period for: Interest Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0