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 ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (227,000) $ (5,440,000)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock based compensation - services 176,000 872,000  
Stock based compensation - officers, employees and board of directors 646,000 447,000  
Change in fair value of warrant liability (2,924,000) (18,000)  
Gain on extinguishment of shares settled debt (533,000)  
Change in operating lease right-of-use assets 25,000 23,000  
Unrealized (gain) loss on marketable securities (29,000) 24,000  
Changes in operating assets and liabilities:      
(Increase) decrease in prepaid expenses 16,000 (263,000)  
(Increase) in deposits (9,000)  
Decrease in accounts payable and accrued expenses (29,000) (838,000)  
Decrease in operating lease liability (27,000) (13,000)  
Net Cash Used in Operating Activities (2,906,000) (5,215,000)  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of investments (6,989,000)  
Sale of investments 3,533,000  
Net Cash Provided by (Used in) Investing Activities (6,989,000) 3,533,000  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of common stock and prefunded warrants 6,268,000  
Net Cash Provided by Financing Activities 6,268,000  
Net (Decrease) in Cash (3,627,000) (1,682,000)  
Cash at Beginning of Period 5,672,000 8,968,000 $ 8,968,000
Cash at End of Period 2,045,000 7,286,000 $ 5,672,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest  
Income taxes paid  
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Right-of-use assets and lease liabilities recognized pursuant to lease agreement 260,000  
Initial recognition of fair value of warrant liability 5,831,000  
Fair value of common stock issued to a vendor to settle accounts payable $ 287,000