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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (5,817,000) $ (3,661,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 9,000 11,000
Amortization of patent, trademark rights 49,000 36,000
Amortization of Debt Discount and Other Expenses 73,000
Non-cash lease expense (67,000) 37,000
Gain from sale of income tax operating losses (255,000)
Equity-based compensation 80,000 82,000
Loss (gain) on sale of marketable investments 92,000 (203,000)
Change in assets and liabilities:    
Funds receivable from New Jersey net operating loss 1,184,000
Prepaid expenses and other current assets and other non-current assets (62,000) (180,000)
Lease liability 60,000 (23,000)
Accounts payable 124,000 586,000
Accrued expenses (540,000) (110,000)
Net cash used in operating activities (4,815,000) (3,680,000)
Cash flows from investing activities:    
Proceeds from sale of marketable investments 50,000 598,000
Purchase of marketable investments (158,000) (712,000)
(Purchase) abandonment of patent and trademark rights (50,000) 7,000
Proceeds from sales of property and equipment 29,000
Net cash used in investing activities (158,000) (78,000)
Cash flows from financing activities:    
Proceeds from sale of stock, net of issuance costs 329,000 100,000
Proceeds from note payable, net of issuance costs 2,500,000
Net cash provided by financing activities 2,829,000 100,000
Net decrease in cash and cash equivalents (2,144,000) (3,658,000)
Cash and cash equivalents at beginning of period 5,439,000 27,053,000
Cash and cash equivalents at end of period 3,295,000 23,395,000
Supplemental disclosures of non-cash investing and financing cash flow information:    
Conversion of Series B preferred $ 4,000