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 ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net Loss $ (2,139,000) $ (4,145,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation expense 340,000 653,000
Issuance of common stock for services 12,000 0
Amortization of debt discount and accrual of interest 567,000 1,667,000
Loss on disposition of assets 0 0
Depreciation and amortization 21,000 11,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 0 (14,000)
Accounts payable and accrued expenses (88,000) 549,000
Accounts payable - license agreements 171,000 10,000
Accounts payable and accrued expenses - related parties 18,000 (95,000)
Deposits and other current liabiilities 0 (5,000)
Net cash used in operating activities (1,098,000) (1,369,000)
Cash flows from investing activities    
Purchase of equipment 0 (49,000)
Net cash used in investing activities 0 (49,000)
Cash flows from financing activities    
Proceeds from issuance of common stock 0 38,000
Net proceeds from issuance of convertible notes and warrants 526,000 1,469,000
Net proceeds from exercise of warrants 647,000 362,000
Net cash provided by financing activities 1,173,000 1,869,000
Net increase in cash 75,000 451,000
Cash, beginning of period 204,000 136,000
Cash, end of period 279,000 587,000
Supplemental disclosures of cash flow information    
Cash paid during the year for: Interest 0 0
Cash paid during the year for: Income taxes 1,600 1,600
Non-cash investing and financing activities    
Conversion of convertible debentures to common stock 474,000 1,522,000
Fair value of warrants and beneficial conversion feature associated with issued convertible notes $ 526,000 $ 1,469,000