Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net loss for the period $ (3,457,000) $ (813,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (4,000)
Depreciation and amortization 30,000 38,000
Fair value of vesting warrants and options 402,000
Common stock issued for employee compensation 847,000 200,000
Common stock issued for professional fees 1,065,000 52,000
Vesting of shares of common stock issued for services 46,000 6,000
Unrealized loss on trading securities (15,000) 101,000
(Gain) loss on sale of trading securities 49,000
(Increase) decrease in accounts receivables 4,000 20,000
Decrease (Increase) in other receivables (100,000)
Decrease in inventory (4,000) (3,000)
(Increase) decrease in prepaid expenses 2,000 (15,000)
Increase (decrease) in accounts payable and accrued liabilities 46,000 34,000
Decrease in related party accounts payable (8,000)
Net Cash Used in Operating Activities from Continuing Operations (908,000) (639,000)
Net Cash Used in Operating Activities from Discontinued Operations (4,000)
Net Cash Used in Operating Activities (908,000) (643,000)
Cash Flows From Investing Activities:    
Purchase of licensing rights 10,000
Purchases of trading securities 510,000
Proceeds from sale of trading securities 189,000
Purchase of property and equipment 40,000
Net Cash (Used in) Provided by Investing Activities (371,000)
Net decrease in Cash (908,000) (1,014,000)
Cash and cash equivalents at beginning of period 3,204,000 6,904,000
Cash and cash equivalents at end of period 2,296,000 5,890,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the period
Income taxes paid during the period