Annual report pursuant to Section 13 and 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 8,442,000 $ 2,774,000
Accounts receivable 293,000 488,000
Prepaid expenses and other current assets 924,000 487,000
Total current assets 9,659,000 3,749,000
Property and equipment, net 239,000 531,000
Intangible and other assets, net 1,984,000 707,000
Goodwill 2,565,000 0
Total assets 14,447,000 4,987,000
Current Liabilities    
Accounts payable and accrued expenses 853,000 813,000
Deferred revenue 151,000 45,000
Convertible debt and accrued interest, net 0 10,923,000
Total current liabilities 1,004,000 11,781,000
Commitments and contingencies (Note 10)
Stockholders' Equity (Deficit)    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 8,573,922 and 4,610,109 shares issued and outstanding as of December 31, 2019 and 2018, respectively. 18,000 14,000
Additional paid-in capital 99,237,000 48,325,000
Accumulated deficit (85,812,000) (55,133,000)
Total stockholders' equity (deficit) 13,443,000 (6,794,000)
Total liabilities and stockholders' equity $ 14,447,000 $ 4,987,000