Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net Loss $ (2,282,000) $ (700,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation expense 99,000 143,000
Issuance of common stock for services 0 12,000
Amortization of debt discount and accrual of interest 1,632,000 143,000
Depreciation and amortization 1,000 8,000
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (457,000) 15,000
Accounts payable and accrued expenses (100,000) 15,000
Accounts payable - license agreements 68,000 63,000
Accounts payable and accrued expenses - related parties (30,000) 6,000
Net cash used in operating activities (1,069,000) (295,000)
Cash flows from investing activities    
Net cash used in investing activities 0 0
Cash flows from financing activities    
Net proceeds from issuance of convertible notes and warrants 668,000 245,000
Net proceeds from exercise of warrants 172,000 71,000
Net cash provided by financing activities 840,000 316,000
Net increase (decrease) in cash (229,000) 21,000
Cash, beginning of period 1,153,000 204,000
Cash, end of period 924,000 225,000
Supplemental disclosures of cash flow information    
Cash paid during the year for: Interest 0 0
Cash paid during the year for: Income taxes 0 0
Non-cash investing and financing activities    
Conversion of convertible debentures to common stock 1,836,000 99,000
Fair value of warrants and beneficial conversion feature associated with issued convertible notes $ 668,000 $ 245,000