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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (1,149) $ (1,486)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of patent portfolio 338
Change in fair value of investment 475
Change in fair value of warrant liabilities 53 (188)
Stock-based compensation 6 188
Depreciation expense 1
Realized loss on marketable securities 73 99
Unrealized loss (gain) on marketable securities (148) 58
Changes in assets and liabilities:    
Prepaid expenses and other assets 18 (78)
Accounts payable and accrued expenses (10) 110
Accrued salaries and benefits (84) (70)
Payable to DatChat (130)
Accrued lease liabilities (48)
Net cash used in operating activities (896) (1,076)
Cash flows from investing activities    
Purchase of marketable securities (2,845) (5,340)
Sale of marketable securities 4,365 3,607
Purchase of investments at fair value (200)
Purchase of property and equipment (25)
Net cash provided by (used in) investing activities 1,320 (1,758)
Cash flows from financing activities    
Cash from issuance common stock, net of offering cost 2,700
Net cash provided by financing activities 2,700
Net increase (decrease) in cash and cash equivalents 424 (134)
Cash and cash equivalents, beginning of period 22 197
Cash and cash equivalents, end of period 446 63
Cash paid for interest and taxes