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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (5,156) $ (3,775)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of patent portfolio 1,027
Change in fair value of investment 2,765 (680)
Change in fair value of warrant liabilities (81) (560)
Stock-based compensation 329 314
Depreciation expense 38
Realized loss on marketable securities 130 361
Unrealized loss (gain) on marketable securities (132) 14
Impairment of intangible assets 1,051
Changes in assets and liabilities:    
Prepaid expenses and other assets 136 74
Accounts payable and accrued expenses 125 12
Accrued salaries and benefits (138) (117)
Payable to DatChat (207)
Accrued lease liabilities (48)
Net cash used in operating activities (2,229) (2,289)
Cash flows from investing activities    
Purchase of marketable securities (6,651) (13,310)
Sale of marketable securities 8,416 13,524
Purchase of investments at fair value (550) (677)
Purchase of property and equipment (36)
Net cash provided by (used in) investing activities 1,215 (499)
Cash flows from financing activities    
Proceeds from issuance common stock, net of offering cost 787 2,700
Proceeds from issuance common stock/ At-the-market offering 602
Offering costs fro the issuance of common stock / At-the-market offering (79)
Net cash provided by financing activities 1,310 2,700
Net increase (decrease) in cash and cash equivalents 296 (88)
Cash and cash equivalents, beginning of period 17 197
Cash and cash equivalents, end of period $ 313 $ 109