Lipocine inc. (LPCN)
CashFlow / TTM
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

-15,553

-13,007

-12,940

-12,339

-12,164

-11,660

-13,766

-16,007

-18,841

-20,982

-18,617

-17,152

-16,823

-18,971

-20,638

-23,775

-22,262

-18,208

-17,614

-15,336

-18,061

-20,372

-20,723

-20,104

-14,505

-10,590

-7,076

1,228

2,539

3,886

0

0

0

-

-

-

-

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

12

15

16

16

17

18

21

23

26

28

29

30

32

31

30

33

29

26

24

17

15

14

15

17

19

21

0

0

0

-

-

-

-

-

-

-

-

Forgiveness of related party receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,080

1,035

1,114

1,299

1,307

1,457

1,623

2,319

2,511

2,716

2,656

2,176

2,271

2,372

2,342

2,236

1,704

1,150

1,180

1,066

1,026

1,892

1,674

1,594

1,544

979

0

0

0

-

-

-

-

-

-

-

-

Loss on disposition of property and equipment

-

-

-

-

-

-37

-37

-37

-37

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

194

221

240

253

261

259

194

129

64

0

0

0

0

-

-

-

-

181

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on marketable investment securities

132

164

186

195

191

198

202

187

142

99

41

-37

-126

-224

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accrued interest income

-7

-21

-19

-31

-30

15

20

33

11

-15

-105

-91

-123

-105

-31

5

159

144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation insurance recovery

-

-

-

-

-

-3,319

0

0

3,566

3,319

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Prepaid and other current assets

-38

25

26

35

163

111

275

24

-14

78

-3

-65

-6

-20

109

-27

82

120

61

-1,091

-69

-540

34

1,194

204

679

0

0

0

-

-

-

-

-

-

-

-

Accounts payable

1,137

510

1,120

-290

129

73

-563

-707

-465

352

-61

124

-223

-261

408

652

697

200

57

-305

-393

-449

-812

96

255

668

0

0

0

-

-

-

-

-

-

-

-

Accrued expenses

312

-37

52

106

121

-1,009

-1,191

-899

-1,186

416

973

190

-425

-1,804

-1,014

329

958

1,557

64

237

230

1,070

1,512

903

609

148

0

0

0

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-12,039

-11,666

-10,591

-11,153

-11,335

-12,078

-14,142

-15,349

-17,309

-16,702

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,178

-2,146

-67

-12

-7

0

0

0

Cash flows from investing activities:
Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-55

0

0

0

-

-

-

-

-

-

-

-

Cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-18,840

-

-16,407

-13,326

-17,111

-17,304

-17,454

-17,736

-11,047

-8,588

0

0

0

-

-

-

-

-

-

-

-

Refund of rental deposit

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable investment securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refund of rental deposit

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases or disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

59

59

73

54

28

67

72

70

59

21

1

1

1

0

0

0

-

-

-

-

-

-

-

-

Purchases of marketable investment securities

-

-

-

-

-

-

-

38,634

39,294

33,055

30,805

32,446

29,065

25,272

21,019

14,640

28,968

25,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable investment securities

19,499

19,849

27,349

29,238

29,238

36,838

33,538

31,517

40,082

36,182

38,570

41,773

33,168

28,568

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-24,423

-

-24,050

-15,198

-49

-38

-0

19

-1

-1

0

0

0

-

-

0

0

-

-

-

-

Cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash provided by (used in) investing activities

8,982

2,998

7,386

7,885

10,114

11,293

4,538

-7,110

794

3,126

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

-12

0

0

0

0

0

0

Cash flows from financing activities:
Proceeds from debt

-

-

-

-

-

10,000

10,000

10,000

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt repayments

3,333

3,333

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

581

1,106

960

960

605

34

154

174

276

276

156

152

16

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of accrued common stock offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Due to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net proceeds from common stock offering

7,590

8,000

0

0

0

-

-

-

7,946

10,644

10,644

8,406

2,698

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Net proceeds exercise of warrants

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

32,613

-

32,716

32,658

152

-255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Due to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash provided by financing activities

9,969

10,318

5,065

5,330

5,882

10,652

10,136

12,430

18,139

11,226

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

30

70

30

30

0

0

0

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

0

-

-

-

-7,178

-14,446

-19,218

-25,924

-10,649

-7,658

-7,741

4,133

-17,008

-17,597

-5,171

30,557

37,155

39,886

30,422

-4,941

-3,945

-3,190

0

0

0

-

-

-

-

Net increase in cash and cash equivalents

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information:
Interest paid

481

545

542

563

562

533

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-1

0

4

14

21

3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-8

-

-5

16

2

-32

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued final payment charge on debt

0

-

0

0

0

-

194

129

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