FINANCIALS – Cash Flow

Statements of Cash Flows – USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:
  
Loss from continuing operations
 $ (1,603,330)
 $ (2,065,244)
Adjustments to reconcile net loss to net cash used in operating activities:
  
Depreciation and amortization
56,497
82,091
Write-off of capitalized patents
0
10,873
Stock-based compensation
140,190
510,160
Decrease in operating assets:
  
Prepayments and other current assets
112,347
(243,632)
Increase (decrease) in operating liabilities:
  
Accounts payable
2,836
(158,215)
Accrued expenses
(7,588)
(5,980)
Net cash used in operating activities
(1,299,048)
(1,869,947)
Net cash used in operating activities – discontinued operations
(465,328)
(1,072,185)
Cash flows from investing activities:
  
Purchase of property and equipment
(1,194)
0
Acquisition of intangible assets
(54,710)
(63,584)
Net cash used in investing activities
(55,904)
(63,584)
Net cash used in investing activities – discontinued operations
0
(34,130)
Cash flows from financing activities:
  
Payment of taxes related to restricted stock vesting
0
(2,188)
Net cash used in financing activities
0
(2,188)
Net decrease in cash and cash equivalents – continuing operations
(1,354,952)
(1,935,719)
Net decrease in cash and cash equivalents – discontinued operations
(465,328)
(1,106,315)
Cash and cash equivalents at beginning of period
3,258,077
10,022,247
Cash and cash equivalents at end of period
 $ 1,437,797
 $ 6,980,213