Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended 21 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Sep. 30, 2019
Cash Flows From Operating Activities:              
Net loss for the period $ (450,000) $ (933,000) $ (3,951,000) $ (1,226,000) $ (5,948,000)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Loss on discontinued operations     (2,000)    
Depreciation and amortization   28,000   33,000 85,000    
Common stock issued for employee compensation       131,000      
Common stock, options and warrants issued for services            
Vesting of options and warrants granted for services            
Gain on cancellation of common stock            
Amortization of debt discount on convertible notes payable       62,000      
Unrealized loss on trading securities   7,000   3,000 36,000    
Changes in operating assets and liabilities:              
Decrease (increase) in accounts receivables       (27,000)      
Decrease in prepaid expenses       (2,000)      
Decrease in other assets            
Increase in accounts payable and accrued liabilities       61,000      
Decrease in operating lease liability       (7,000)      
Increase in accrued interest on short-term advances - related party       30,000      
Increase in accrued interest on line of credit - related party       49,000      
Increase in accrued interest on convertible notes payable       20,000      
Increase in liquidated damages on convertible notes payable       78,000      
Net Cash Used in Operating Activities from Continuing Operations       (737,000)      
Net Cash Used in Operating Activities from Discontinued Operations            
Net Cash Used in Operating Activities       (737,000)      
Cash Flows From Investing Activities:              
Purchase of licensing rights            
Net Cash Used in Investing Activities            
Cash Flows From Financing Activities:              
Proceeds from sale of common stock            
Proceeds from short-term advances - related party       749,000      
Proceeds from line of credit - related party            
Proceeds from convertible notes payable            
Net Cash Provided by Financing Activities       749,000      
Net Increase (Decrease) in Cash       12,000      
Cash and cash equivalents at beginning of period 24,000     24,000      
Cash and cash equivalents at end of period       36,000   $ 24,000 $ 36,000
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:              
Partial conversion of notes payable to common stock       50,000      
Restated [Member]              
Cash Flows From Operating Activities:              
Net loss for the period         (5,948,000)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Loss on discontinued operations         (2,000)    
Depreciation and amortization         85,000    
Common stock issued for employee compensation         625,000    
Common stock, options and warrants issued for services         2,350,000    
Vesting of options and warrants granted for services         743,000    
Gain on cancellation of common stock         118,000    
Amortization of debt discount on convertible notes payable         147,000    
Unrealized loss on trading securities         36,000    
Changes in operating assets and liabilities:              
Decrease (increase) in accounts receivables         79,000    
Decrease in prepaid expenses         (9,000)    
Decrease in other assets         (10,000)    
Increase in accounts payable and accrued liabilities         378,000    
Decrease in operating lease liability         (5,000)    
Increase in accrued interest on short-term advances - related party         2,000    
Increase in accrued interest on line of credit - related party         45,000    
Increase in accrued interest on convertible notes payable         18,000    
Increase in liquidated damages on convertible notes payable            
Net Cash Used in Operating Activities from Continuing Operations         (1,700,000)    
Net Cash Used in Operating Activities from Discontinued Operations         (2,000)    
Net Cash Used in Operating Activities         (1,702,000)    
Cash Flows From Investing Activities:              
Purchase of licensing rights         25,000    
Net Cash Used in Investing Activities         (25,000)    
Cash Flows From Financing Activities:              
Proceeds from sale of common stock         905,000    
Proceeds from short-term advances - related party         178,000    
Proceeds from line of credit - related party         200,000    
Proceeds from convertible notes payable         400,000    
Net Cash Provided by Financing Activities         1,683,000    
Net Increase (Decrease) in Cash         (44,000)    
Cash and cash equivalents at beginning of period $ 24,000   $ 86,000 $ 24,000 86,000 86,000 $ 86,000
Cash and cash equivalents at end of period   $ 42,000     42,000 $ 24,000  
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:              
Partial conversion of notes payable to common stock