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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net loss $ (1,793) $ (1,884)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of patent portfolio 681
Change in fair value of investment 330 (680)
Change in fair value of warrant liabilities (74) (465)
Stock-based compensation 115 286
Depreciation expense 17
Realized loss on marketable securities 98 275
Unrealized loss (gain) on marketable securities (138) 17
Changes in assets and liabilities:    
Prepaid expenses and other assets 82 4
Accounts payable and accrued expenses 100 150
Accrued salaries and benefits (127) (103)
Payable to DatChat (207)
Accrued lease liabilities (48)
Net cash used in operating activities (1,614) (1,750)
Cash flows from investing activities    
Purchase of marketable securities (4,954) (10,047)
Sale of marketable securities 6,878 9,119
Purchase of investments at fair value (550) (25)
Purchase of property and equipment (16)
Net cash provided by (used in) investing activities 1,374 (969)
Cash flows from financing activities    
Cash from issuance common stock, net of offering cost 787 2,700
Net cash provided by financing activities 787 2,700
Net increase (decrease) in cash and cash equivalents 547 (19)
Cash and cash equivalents, beginning of period 17 197
Cash and cash equivalents, end of period $ 564 $ 178