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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (5,314) $ (10,646)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of investment 898 6,730
Research and development-acquired license, expensed 1,125 1,113
Stock-based compensation 175
Realized gain on marketable securities (1,084) (544)
Unrealized loss on marketable securities 1,395 614
Changes in assets and liabilities:    
Prepaid expenses and other assets 39 76
Accounts payable and accrued expenses (248) 608
Accrued salaries and benefits 423 (389)
Interest receivable on convertible note (67)
Payable to DatChat 50
Net cash used in operating activities (2,658) (2,388)
Cash flows from investing activities    
Purchase of marketable securities (86,497) (78,042)
Sale of marketable securities 23,155 52,215
Sale of Hoth common shares 460
Funds to deposit accounts, net (4,476)
Purchase of research and development licenses (594) (1,113)
Purchase of convertible note (2,000)
Net cash used in investing activities (70,412) (26,480)
Cash flows from financing activities    
Proceeds from issuance of common stock and warrants, net of offering cost 77,989 6,559
Proceeds from issuance of common stock, net of offering cost 17,845
Proceeds from exercise of warrants 84 7,204
Net cash provided by financing activities 78,073 31,608
Net increase in cash and cash equivalents 5,003 2,740
Cash and cash equivalents, beginning of period 2,715 91
Cash and cash equivalents, end of period $ 7,718 $ 2,831