Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities:    
Net loss for the period $ (8,867,000) $ (3,975,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 90,000 59,000
Fair value of vesting warrants and options 647,000 25,000
Common stock issued for employee compensation 999,000 253,000
Common stock issued for compensation 3,518,000 538,000
Vesting of shares of common stock issued for services 46,000 226,000
Unrealized loss on trading securities (37,000) (295,000)
Gain on sale of trading securities 75,000
(Increase) decrease in accounts receivables (19,000) 11,000
Decrease in other receivables (100,000)
Increase in prepaid expenses 31,000 21,000
Increase in other assets 11,000
Increase in accounts payable and accrued liabilities 68,000 82,000
Decrease in related party accounts payable (7,000)
Net Cash Used in Operating Activities from Continuing Operations (3,385,000) (2,611,000)
Net Cash Provided by Operating Activities from Discontinued Operations 66,000 42,000
Net Cash Used in Operating Activities (3,319,000) (2,569,000)
Cash Flows From Investing Activities:    
Purchase of licensing rights 100,000 210,000
Purchases of trading securities 510,000
Proceeds from sale of trading securities 283,000
Purchase of property and equipment 48,000
Net Cash Used in Investing Activities (100,000) (485,000)
Cash Flows From Financing Activities:    
Proceeds from short-term loan payable - related party 200,000
Proceeds from sale of common stock 300,000 15,000
Net Cash Provided by Financing Activities 500,000 15,000
Net decrease in Cash (2,919,000) (3,039,000)
Cash and cash equivalents at beginning of period 3,204,000 6,904,000
Cash and cash equivalents at end of period 285,000 3,865,000
Supplemental Disclosure of Interest and Income Taxes Paid:    
Interest paid during the period
Income taxes paid during the period
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Reclassification of other assets to capitalized licensing rights 100,000
Minimum guaranteed royalties payable $ 75,000