Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:    
Net loss for the period $ (5,015,000) $ (5,713,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations (2,000) (104,000)
Depreciation and amortization 57,000 45,000
Common stock issued for employee compensation 625,000 847,000
Common stock, options and warrants issued for services 2,113,000 1,909,000
Vesting of options and warrants granted for services 709,000 537,000
Gain on cancellation of common stock 113,000
Vesting of shares of common stock issued for services 46,000
Debt discount on convertible notes payable 53,000
Unrealized loss on trading securities (29,000) (27,000)
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivables 14,000 (10,000)
Decrease in other receivables (100,000)
Decrease (increase) in prepaid expenses (9,000) 44,000
Decrease in other assets (10,000)
Increase in accounts payable and accrued liabilities 24,000 21,000
Increase in accrued interest on line of credit - related party 29,000
Increase in accrued interest on convertible notes payable (6,000)
Net Cash Used in Operating Activities from Continuing Operations (1,476,000) (2,111,000)
Net Cash Used in Operating Activities from Discontinued Operations (2,000) (40,000)
Net Cash Used in Operating Activities (1,478,000) (2,151,000)
Cash Flows From Investing Activities:    
Purchase of licensing rights 50,000
Net Cash (Used in) Provided by Investing Activities (50,000)
Cash Flows From Financing Activities:    
Proceeds from sale of common stock 905,000 300,000
Proceeds from short-term advances - related party 55,000
Proceeds from line of credit - related party 200,000
Proceeds from convertible notes payable 400,000
Net Cash Provided by Financing Activities 1,560,000 300,000
Net Increase (Decrease) in Cash 82,000 (1,901,000)
Cash and cash equivalents at beginning of period 86,000 3,204,000
Cash and cash equivalents at end of period 168,000 1,303,000
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