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 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Sep. 30, 2021
Operating activities:      
Net loss $ (5,700,000) $ (34,336,000) $ (10,500,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense 47,000 137,000 142,000
Amortization of right of use assets   151,000 143,000
Loss on impairment of goodwill 19,092,000
Stock-based compensation   696,000 502,000
Payments on operating lease liabilities   (154,000) (146,000)
Change in fair value of derivative liabilities (12,000) (27,000)
Changes in operating assets and liabilities:      
Accounts receivable   550,000
Prepaid expenses and other current assets   (2,197,000) (342,000)
Accounts payable and accrued expenses   81,000 (119,000)
Net cash used in operating activities   (16,542,000) (9,797,000)
Investing activities:      
Purchases of property and equipment   (62,000) (44,000)
Net cash used in investing activities   (62,000) (44,000)
Financing activities:      
Payments on finance lease liabilities   (20,000) (30,000)
Proceeds from sale of common stock, net of transaction costs   38,505,000
Net cash provided by (used in) financing activities   (20,000) 38,475,000
Net increase (decrease) in cash and restricted cash   (16,624,000) 28,634,000
Cash and restricted cash at beginning of period   58,705,000 33,060,000
Cash and restricted cash at end of period $ 42,131,000 42,131,000 61,694,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:      
Recognition of operating lease right-of-use asset and liability   $ 171,000