Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES          
Net loss $ (3,411,000) $ (2,416,000) $ (9,387,000) $ (4,635,000)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock based compensation – services     430,000  
Stock based compensation - officers, directors, and employees     222,000 1,337,000  
Change in fair value of warrant liability (95,000) (485,000) (870,000) (4,796,000)  
Gain on extinguishment of share settled debt (547,000)  
Change in operating lease right-of-use assets     53,000 78,000  
Unrealized loss (gain) on marketable securities     1,000 (43,000)  
Changes in operating assets and liabilities:          
Decrease in prepaid expenses     (164,000) 16,000  
Increase (Decrease) in accounts payable and accrued expenses     (233,000) 1,437,000  
(Decrease) in operating lease liability     (58,000) (82,000)  
Net Cash Used in Operating Activities     (10,436,000) (6,805,000)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Sale (Purchase) of investments     12,892,000 (2,487,000)  
Net Cash Provided by (Used in) Investing Activities     12,892,000 (2,487,000)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from issuance of common stock and warrants, net     2,976,000 6,268,000  
Net Cash Provided by Financing Activities     2,976,000 6,268,000  
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash     5,432,000 (3,024,000)  
Cash and Cash Equivalents and Restricted Cash at Beginning of Period     1,079,000 5,672,000 $ 5,672,000
Cash and Cash Equivalents and Restricted Cash at End of Period $ 6,511,000 $ 2,648,000 6,511,000 2,648,000 $ 1,079,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:          
Interest      
Income taxes      
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES          
Initial recognition of fair value of warrant liability     5,831,000  
Fair value of common stock issued to a vendor to settle accounts payable     $ 810,000 $ 700,000