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 ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from Operating Activities    
Net loss $ (919,000) $ (909,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value of options and warrants issued as compensation 34,000 31,000
Amortization of debt discount 90,000 90,000
Accrued interest expense 137,000 115,000
Depreciation 3,000 3,000
Gain on partial forgiveness of PPP note payable 0 (63,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (6,000) (4,000)
Lease right of use asset 0 27,000
Accounts payable – license agreements 177,000 177,000
Accounts payable and accrued expenses (7,000) (12,000)
Lease liabilities 0 (26,000)
Net cash used in operating activities (491,000) (571,000)
Cash flows from investing activities    
Purchase of property and equipment 0 (1,000)
Net cash used in investing activities 0 (1,000)
Cash flows from financing activities    
Net proceeds from issuance of convertible notes and warrants 533,000 393,000
Net proceeds from issuance of warrants and options 50,000 326,000
Principal payment on PPP loan payable (11,000) (9,000)
Net cash provided by financing activities 572,000 710,000
Net increase in cash 81,000 138,000
Cash, beginning of period 133,000 114,000
Cash, end of period 214,000 252,000
Cash paid during the year for:    
Interest 0 0
Income Taxes 1,600 0
Non-cash investing and financing activities    
Conversion of convertible debentures and accrued interest to common stock 253,000 20,000
Value of warrants issued with convertible notes $ 231,000 $ 283,000