Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.19.1
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 258,000  
Related party service revenues 130,000  
Gross Margin 388,000  
Expenses    
Labor and related expenses 1,558,000  
Rent 163,000  
Depreciation and amortization 115,000  
Professional fees 3,463,000  
Research and development 746,000  
Other general and administrative 466,000  
Total Operating Expenses 6,511,000  
Operating Loss (6,123,000)  
Other Income (Expense)    
Interest and dividend income  
Interest Expense 486,000  
Loss on write-down of assets (575,000)  
Gain on cancellation of shares 118,000  
Unrealized gain (loss) on trading securities (44,000)  
Total Other Expense (987,000)  
Loss from continuing operations (7,110,000)  
Income (Loss) on discontinued operations 1,000  
Net Loss $ (7,109,000)  
Loss from continuing operations    
Basic and Diluted earnings per share $ (0.04)  
Income (Loss) on discontinued operations    
Basic and Diluted earnings per share  
Net Loss    
Basic and Diluted earnings per share $ (0.04)  
Weighted Average Common Shares    
Basic and Diluted 193,493,890  
Restated [Member]    
Revenues   $ 128,000
Related party service revenues  
Gross Margin   128,000
Expenses    
Labor and related expenses   2,358,000
Rent   186,000
Depreciation and amortization   105,000
Professional fees   5,555,000
Research and development   1,666,000
Other general and administrative   502,000
Total Operating Expenses   10,372,000
Operating Loss   (10,244,000)
Other Income (Expense)    
Interest and dividend income   4,000
Interest Expense   11,000
Loss on write-down of assets   (5,381,000)
Gain on cancellation of shares  
Unrealized gain (loss) on trading securities   (11,000)
Total Other Expense   (5,399,000)
Loss from continuing operations   (15,643,000)
Income (Loss) on discontinued operations   (132,000)
Net Loss   $ (15,775,000)
Loss from continuing operations    
Basic and Diluted earnings per share   $ (0.09)
Income (Loss) on discontinued operations    
Basic and Diluted earnings per share  
Net Loss    
Basic and Diluted earnings per share   $ (0.09)
Weighted Average Common Shares    
Basic and Diluted   166,433,807