Rebus (RBSH) 10-Q 22 May 19 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	May 15, 2019
Document And Entity Information
Entity Registrant Name	Inspyr Therapeutics, Inc.
Entity Central Index Key	0001421204
Document Type	10-Q
Trading Symbol	NSPX
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		150,000,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2018

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash	$ 4	$ 10
Prepaid expenses		5
Total current assets	4	15
Office and lab equipment, net of accumulated depreciation of $4 and $2, respectively	3	4
Intangible assets, net of accumulated amortization of $170 and $162, respectively	42	50
Total assets	49	69
Current liabilities:
Accounts payable	2,047	1,968
Accrued expenses	1,774	1,539
Convertible debentures, net of unamortized discount of $67 and $227, respectively	2,540	2,476
Derivative liability	1,858	2,934
Total current liabilities	8,219	8,917
Total liabilities	8,219	8,917
Commitments and contingencies
Stockholders' deficit:
Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 495 and 495 shares issued and outstanding, respectively
Common stock, par value $.0001 per share; 150,000,000 shares authorized, 16,638,929 and 10,888,929 shares issued and outstanding, respectively	2	1
Additional paid-in capital	51,100	50,885
Accumulated deficit	(59,272)	(59,734)
Total stockholders' deficit	(8,170)	(8,848)
Total liabilities and stockholders' deficit	$ 49	$ 69

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Office and lab equipment, accumulated depreciation	$ 4	$ 2
Intangible assets, accumulated amortization	170	162
Net of unamortized discount of, convertible debentures	$ 67	$ 227
Convertible preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Convertible preferred stock, shares authorized	30,000,000	30,000,000
Convertible preferred stock, shares issued	495	495
Convertible preferred stock, shares outstanding	495	495
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	16,638,929	10,888,929
Common stock, shares outstanding	16,638,929	10,888,929

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF LOSSES (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Operating expenses:
Research and development	$ 11	$ 500	$ 186	$ 965
General and administrative	54	321	237	781
Total operating expenses	65	821	423	1,746
Loss from operations	(65)	(821)	(423)	(1,746)
Other income (expense):
Gain on change in fair value of derivative liability	824		983
Gain on conversion of debt	39		62
Interest income (expense), net	(80)		(160)
Income (loss) before provision for income taxes	718	(821)	462	(1,746)
Provision for income taxes
Net Income (loss)	718	(821)	462	(1,746)
Deemed dividend	(196)		(196)	(1,268)
Net income (loss) attributable to common shareholders	$ 522	$ (821)	$ 266	$ (3,014)
Net income (loss) per common share, basic (in dollars per share)	$ 0.03	$ (0.52)	$ 0.03	$ (1.97)
Net income (loss) per common share, diluted (in dollars per share)	$ 0	$ (0.52)	$ 0	$ (1.97)
Weighted average shares outstanding, basic (in shares)	15,601,456	1,589,890	13,663,846	1,527,536
Weighted average shares outstanding, diluted (in shares)	150,000,000	1,589,890	150,000,000	1,527,536

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (unaudited) - USD ($) $ in Thousands	Convertible Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at beginning at Dec. 31, 2016			$ 47,746	$ (48,634)	$ (888)
Balance at beginning (in shares) at Dec. 31, 2016	2,828	1,398,832
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation			138		138
Conversion of preferred stock
Conversion of preferred stock (in shares)	(118)	223,585
Sale of preferred stock and warrants			285		285
Sale of preferred stock and warrants (in shares)	285
Preferred stock and warrants issued for services			5		5
Preferred stock and warrants issued for services (in shares)	5
Net income (loss)				(1,746)	(1,746)
Balance at ending at Jun. 30, 2017			48,174	(50,380)	(2,206)
Balance at ending (in shares) at Jun. 30, 2017	3,000	1,622,417
Balance at beginning at Dec. 31, 2017		$ 1	50,885	(59,734)	(8,848)
Balance at beginning (in shares) at Dec. 31, 2017	495	10,888,929
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation			90		90
Conversion of debentures		$ 1	125		126
Conversion of debentures (in shares)		5,750,000
Net income (loss)				462	462
Balance at ending at Jun. 30, 2018		$ 2	$ 51,100	$ (59,272)	$ (8,170)
Balance at ending (in shares) at Jun. 30, 2018	495	16,638,929

CONDENSED STATEMENT OF STOCKHOL

CONDENSED STATEMENT OF STOCKHOLDERS' DEFICIT (unaudited) (Parenthetical)	Jun. 30, 2017$ / shares
Statement of Stockholders' Equity [Abstract]
Share price (in dollars per share)	$ 1

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ 462	$ (1,746)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	10	10
Stock-based compensation	90	143
Gain on change in fair value of derivative liability	(983)
Gain on conversion of debt	(62)
Amortization of debt discount	160
Decrease in operating assets:
Prepaid expenses	4	81
Increase in operating liabilities:
Accounts payable and accrued expenses	313	689
Cash used in operating activities	(6)	(823)
Cash flows from investing activities:
Acquisition of office equipment		(3)
Cash used in investing activities		(3)
Cash flows from financing activities:
Proceeds from sale of stock and warrants		285
Cash provided by financing activities		285
Net decrease in cash	(6)	(541)
Cash, beginning of period	10	547
Cash, end of period	$ 4	$ 6

BACKGROUND

BACKGROUND	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND	NOTE 1 – BACKGROUND Inspyr Therapeutics, Inc. (“we”, “us”, “our company”, “our”, “Inspyr” or the “Company”) was formed under the laws of the State of Delaware in November 2003, and has its principal office in Westlake Village, California. We are an early-stage, pre-revenue, pharmaceutical company focused on the discovery and development of prodrug cancer therapeutics for the treatment of solid tumors, including brain, liver, prostate and other cancers. We plan to develop a series of therapies based on our target-activated prodrug technology platform. We are a clinical-stage, pre-revenue, pharmaceutical company primarily focused on the development of therapeutics for the treatment of diseases. Through our acquisition of Lewis and Clark Pharmaceuticals, Inc., we currently are focusing on a pipeline of small molecule adenosine receptor modulators. The adenosine receptor modulators include A 2B 2A 2B 2A During February 2018, due to a lack of capital, we curtailed our business operations. In the event that we are able to raise sufficient capital, our major focus would be to: (i) further characterization, in conjunction with Ridgeway Therapeutics, of anti-cancer activity of the current pipeline of A 2B 2A 2B 2A 2B 2A 2B 2A Our ability to execute our business plan is dependent on the amount and timing of cash, if any, that we are able to raise. During February of 2018, we curtailed our operations due to our lack of cash. During July 2018, we were able to raise approximately $500,000 through the sale of debt securities and $25,000 in December 2018 through the sale of notes. We are currently using such funds to attempt to become current in our SEC reporting requirements, pay outstanding invoices to our independent registered accounting firm, and other outstanding obligations, the payment of which we believe to be vital to our future operations. Should we fail to further raise sufficient funds to execute our business plan, our priority would be to maintain our intellectual property portfolio and continue, to the best of our ability, our public company reporting requirements.

MANAGEMENT'S PLANS TO CONTINUE

MANAGEMENT'S PLANS TO CONTINUE AS A GOING CONCERN	6 Months Ended
	Jun. 30, 2018
Management Plans to Continue as Going Concern [Abstract]
MANAGEMENT'S PLANS TO CONTINUE AS A GOING CONCERN	NOTE 2 – MANAGEMENT’S PLANS TO CONTINUE AS A GOING CONCERN Basis of Presentation The opinion of our independent registered accounting firm on our financial statements contains explanatory going concern language. We have prepared our financial statements on the basis that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. We have incurred losses since inception and have an accumulated deficit of $59 million as of June 30, 2018. We anticipate incurring additional losses for the foreseeable future until such time, if ever, that we can generate significant sales from our therapeutic product candidates which are currently in development or we enter into cash flow positive business development transactions. To date, we have generated no sales or revenues, have incurred significant losses and expect to incur significant additional losses as we advance mipsagargin through clinical studies. Consequently, our operations are subject to all the risks inherent in the establishment of a pre-revenue business enterprise as well as those risks associated with a company engaged in the research and development of pharmaceutical compounds. Our cash and cash equivalents balance at June 30, 2018 was approximately $4,000, representing 8.1% of our total assets. Based on our current expected level of operating expenditures, we expect to be able to fund our operations into the third quarter of 2019. We curtailed operations in February 2018. We will require additional cash to fund and continue our operations beyond that point. This period could be shortened if there are any unanticipated increases in planned spending on development programs or other unforeseen events. We anticipate raising additional funds through collaborative arrangements, licensing agreements, public or private sales of debt or equity securities, or some combination thereof. There is no assurance that any such arrangement will be entered into or that financing will be available when needed in order to allow us to continue our operations, or if available, on terms favorable or acceptable to us. We raised approximately $500,000 in July 2018 and $25,000 in December 2018, which we expect will enable us to bring our required annual and quarterly filings current, which will enable us to seek additional financing. In the event additional financing is not obtained, we may pursue cost cutting measures as well as explore the sale of selected assets to generate additional funds. If we are required to significantly reduce operating expenses and delay, reduce the scope of, or eliminate any of our development programs or clinical trials, these events could have a material adverse effect on: our business, results of operations, and financial condition. These factors raise significant doubt about our ability to continue as a going concern. The financial statements do not include any adjustments relating to recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern. Our auditors’ report issued in connection with our December 31, 2017 financial statements expressed an opinion that our capital resources as of the date of their audit report were not sufficient to sustain operations or complete our planned activities for the upcoming year unless we raised additional funds. Accordingly, our current cash level raises substantial doubt about our ability to continue as a going concern past the third quarter of 2019. If we do not obtain additional funds by such time, we may no longer be able to continue as a going concern and will cease operation which means that our shareholders will lose their entire investment.

SUMMARY OF CRITICAL ACCOUNTING

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES	NOTE 3 – SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES Basis of Presentation The accompanying condensed consolidated financial statements are unaudited. The unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. These interim financial statements as of and for the three and six months ended June 30, 2018 and 2017 are unaudited; however, in the opinion of management, such statements include all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. The results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018 or for any future period. All references to June 30, 2018 and 2017 in these footnotes are unaudited. These unaudited condensed financial statements should be read in conjunction with our audited financial statements and the notes thereto for the year ended December 31, 2017, included in the Company’s annual report on Form 10-K filed with the SEC on April 26, 2019. The condensed balance sheet as of December 31, 2017 has been derived from the audited financial statements at that date but do not include all disclosures required by the accounting principles generally accepted in the United States of America. Certain items have been reclassified to conform to the current period presentation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Significant estimates include the fair value of derivative instruments, stock-based compensation, recognition of clinical trial costs and other accrued liabilities. Actual results may differ from those estimates. Research and Development Research and development costs are charged to expense as incurred. Our research and development expenses consist primarily of expenditures for toxicology and other studies, manufacturing, clinical trials, compensation and consulting costs. We incurred research and development expenses of approximately $0.01 million and $0.5 million for the three months ended June 30, 2018 and 2017, respectively. We incurred research and development expenses of approximately $0.2 million and $1.0 million for the six months ended June 30, 2018 and 2017, respectively. Cash Equivalents For purposes of the statements of cash flows, we consider all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalents. We maintain our cash in bank deposit accounts which, at times, may exceed applicable government mandate insurance limits. We have not experienced any losses in our accounts. Loss per Share Basic loss per share is calculated by dividing net loss and net loss attributable to common shareholders by the weighted average number of common shares outstanding for the period. Basic and diluted loss per share are the same, in that any potential common stock equivalents would have the effect of being anti-dilutive in the computation of net loss per share. The following potentially dilutive securities have been excluded from the computations of weighted average shares outstanding as of June 30, 2018 and 2017, as they would be anti-dilutive: Six Months Ended June 30, 2018 2017 Shares underlying options outstanding 334,273 363,387 Shares underlying warrants outstanding 2,632,973 5,103,542 Shares underlying convertible notes outstanding 347,553,643 — Shares underlying convertible preferred stock outstanding 26,395,624 5,499,742 376,916,513 10,966,671 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Net income attributable to common shareholders $ 522 $ 266 Income attributable to convertible debentures (863 ) (1,045 ) Expense attributable to convertible debentures 80 160 Diluted loss attributable to common shareholders $ (261 ) $ (619 ) Basic shares outstanding $ 15,601,456 $ 13,663,846 Convertible instruments 134,398,544 136,336,154 Diluted shares outstanding $ 150,000,000 $ 150,000,000 Diluted loss per share $ (0.00 ) $ (0.00 ) Derivative Liability The Company has financial instruments that are considered derivatives or contain embedded features subject to derivative accounting. Embedded derivatives are valued separately from the host instrument and are recognized as derivative liabilities in the Company’s balance sheet. The Company measures these instruments at their estimated fair value and recognizes changes in their estimated fair value in results of operations during the period of change. The Company values its derivative liabilities using the Black-Scholes option valuation model. The resulting liability is valued at each reporting date and the change in the liability is reflected as change in derivative liability in the statement of operations. Fair Value of Financial Instruments Our short-term financial instruments, including cash, accounts payable and other liabilities, consist primarily of instruments with maturities of three months or less when acquired. We believe that the fair values of our current assets and current liabilities approximate their reported carrying amounts. The derivative liability consists of our convertible notes with a variable conversion feature. The Company uses the Black-Scholes option-pricing model to value its derivative liability which incorporate the Company’s stock price, volatility, U.S. risk-free interest rate, dividend rate, and estimated life. Fair Value Measurements The U.S. GAAP Valuation Hierarchy establishes a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company has recorded a derivative liability for its convertible notes with a variable conversion feature as of June 30, 2018. The tables below summarize the fair values of our financial liabilities as of June 30, 2018 (in thousands): Fair Value at June 30, Fair Value Measurement Using 2018 Level 1 Level 2 Level 3 Derivative liability $ 1,858 $ — $ — $ 1,858 The reconciliation of the derivative liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows (in thousands): Six months ended June 30, 2018 2017 Balance at beginning of year $ 2,934 $ — Additions to derivative instruments — — Reclassification on conversion (93 ) — Gain on change in fair value of derivative liability (983 ) — Balance at end of period $ 1,858 $ — Stock-Based Compensation We measure the cost of employee services received in exchange for equity awards based on the grant-date fair value of the awards. All awards under our stock-based compensation programs are accounted for at fair value and that cost is recognized over the period during which an employee is required to provide service in exchange for the award (the vesting period). Compensation expense for options granted to non-employees is determined in accordance with the fair value of the consideration received or the fair value of the equity instruments issued, whichever is a more reliable measurement. Compensation expense for awards granted to non-employees is re-measured on each accounting period. Determining the appropriate fair value of stock-based compensation requires the input of subjective assumptions, including the expected life of the stock-based compensation and the volatility of our stock price. We use the Black-Scholes option-pricing model to value our stock option awards which incorporates our stock price, volatility, U.S. risk-free interest rate, dividend rate, and estimated life. Effect of ASU No. 2017-11 on Previously Issued Financial Statements In July 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): Part 1 – Accounting for Certain Financial Instruments with Down Round Features and Part 2 – Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with Scope Exception (“ASU No. 2017-11”). Part 1 of ASU No. 2017-11 addresses the complexity of accounting for certain financial instruments with down round features. Down round features are provisions in certain equity-linked instruments (or embedded features) that result in the strike price being reduced on the basis of the pricing of future equity offerings. Current accounting guidance creates cost and complexity for entities that issue financial instruments (such as warrants and convertible instruments) with down round features that require fair value measurement of the entire instrument or conversion option. Part II of ASU No. 2017-11 addresses the difficulty of navigating Topic 480, Distinguishing Liabilities from Equity, because of the existence of extensive pending content in the FASB Accounting Standards Codification®. This pending content is the result of the indefinite deferral of accounting requirements about mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests. For public business entities, the amendments in Part I of this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has early adopted the guidance under ASU 2017-11 for the year end December 31, 2017. Adjustments to the Company’s previously issued financial statements were required for the full retrospective application of this standard. As such the financial statements for the three and six months ended June 30, 2017 have been adjusted to reflect the adoption of ASU 2017-11. As reported Adjustments As Adjusted ASSETS Current assets: Cash $ 6 $ — $ 6 Prepaid expenses 31 — 31 Total current assets 37 — 37 Office equipment, net of accumulated depreciation of $2 5 — 5 Intangible assets, net of accumulated amortization of $152 60 — 60 Other assets 3 — 3 Total assets $ 105 $ — $ 105 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities: Accounts payable $ 1,602 $ — $ 1,602 Accrued expenses 709 — 709 Derivative liability 2,227 (2,227 ) — Total current liabilities 4,538 (2,227 ) 2,311 Total liabilities 4,538 (2,227 ) 2,311 Commitments and contingencies — — — Stockholders’ deficit: Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 shares issued and outstanding — — — Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 shares issued and outstanding — — — Additional paid-in capital 45,597 2,577 48,174 Accumulated deficit (50,030 ) (350 ) (50,380 ) Total stockholders’ deficit (4,433 ) 2,227 (2,206 ) Total liabilities and stockholders’ deficit $ 105 $ — $ 105 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Reported Adjustments As Adjusted Reported Adjustments As Adjusted Operating expenses: Research and development $ 500 — $ 500 $ 965 $ — $ 965 General and administrative 321 — 321 781 — 781 Total operating expenses 821 — 821 1,746 — 1,746 Loss from operations (821 ) — (821 ) (1,746 ) — (1,746 ) Other income (expense): Gain on change in fair value of derivative liability 315 (315 ) — 1,998 (1,998 ) — Interest income (expense), net (45 ) 45 — (1,462 ) 1,462 — Loss before provision for income taxes (551 ) (270 ) (821 ) (1,210 ) (536 ) (1,746 ) Provision for income taxes — — — — — — Net loss (551 ) (270 ) (821 ) (1,210 ) (536 ) (1,746 ) Deemed dividend — — — — (1,268 ) (1,268 ) Net loss attributable to common shareholders $ (551 ) $ (270 ) $ (821 ) $ (1,210 ) $ (1,804 ) $ (3,014 ) Net loss per common share, basic and diluted $ (0.35 ) $ (0.52 ) $ (0.79 ) $ (1.97 ) Weighted average shares outstanding 1,589,890 1,589,890 1,527,536 1,527,536 Reported Adjustments As Adjusted Cash flows from operating activities: Net loss $ (1,210 ) $ (536 ) $ (1,746 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 10 10 Stock-based compensation 143 143 Gain on change in fair value of derivative liability (1,998 ) 1,998 0 Finance cost 1,462 (1,462 ) 0 Increase in operating assets: Prepaid expenses 81 81 Increase in operating liabilities: Accounts payable and accrued expenses 689 689 Cash used in operating activities (823 ) — (823 ) Cash flows from investing activities: Acquisition of office equipment (3 ) — (3 ) Cash used in investing activities (3 ) — (3 ) Cash flows from financing activities: Proceeds from sale of stock and warrants 285 — 285 Cash provided by financing activities 285 — 285 Net decrease in cash (541 ) (541 ) Cash, beginning of period 547 547 Cash, end of period $ 6 $ — $ 6 Recent Accounting Pronouncements With the exception of those discussed below, there have not been any recent changes in accounting pronouncements and Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) during the six months ended June 30, 2018 that are of significance or potential significance to the Company. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company does not expect any impact from the adoption of this standard on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU No. 2017-04”). ASU No. 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. A public business entity that is a SEC filer should adopt the amendments of ASU No. 2017-04 for its annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect any impact from the adoption of this standard on its consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting”, which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award changes as a result of the change in terms or conditions. If an award is not probable of vesting at the time a change is made, the new guidance clarifies that no new measurement date will be required if there is no change to the fair value, vesting conditions, and classification. This ASU will be applied prospectively and is effective for fiscal years beginning after December 15, 2017, and interim periods within those years, with early adoption permitted. The adoption of this standard did not have a material impact on its consolidated financial statements. In July 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): Part 1 – Accounting for Certain Financial Instruments with Down Round Features and Part 2 – Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with Scope Exception (“ASU No. 2017-11”). Part 1 of ASU No. 2017-11 addresses the complexity of accounting for certain financial instruments with down round features. Down round features are provisions in certain equity-linked instruments (or embedded features) that result in the strike price being reduced on the basis of the pricing of future equity offerings. Current accounting guidance creates cost and complexity for entities that issue financial instruments (such as warrants and convertible instruments) with down round features that require fair value measurement of the entire instrument or conversion option. Part II of ASU No. 2017-11 addresses the difficulty of navigating Topic 480, Distinguishing Liabilities from Equity, because of the existence of extensive pending content in the FASB Accounting Standards Codification®. This pending content is the result of the indefinite deferral of accounting requirements about mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests. For public business entities, the amendments in Part I of this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has early adopted the guidance under ASU 2017-11 for the year end December 31, 2017. Adjustments to the Company’s previously issued financial statements were required for the full retrospective application of this standard. As such the financial statements for the three and six months ended June 30, 2017 have been adjusted to reflect the adoption of ASU 2017-11.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 4 – SUPPLEMENTAL CASH FLOW INFORMATION The following table contains additional information for the periods reported (in thousands). Six Months Ended June 30, 2018 2017 Non-cash financial activities: Common stock issued on conversion of notes payable $ 126 $ — Debentures converted to common stock 96 — Derivative liability extinguished upon conversion of notes payable 93 — Preferred stock and warrants issued for fees — 5 There was no cash paid for interest and income taxes for the six months ended June 30, 2018 and 2017.

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2018
Accrued Liabilities, Current [Abstract]
ACCRUED EXPENSES	NOTE 5 – ACCRUED EXPENSES Accrued expenses consist of the following (in thousands): June 30, December 31, Accrued compensation and benefits $ 1,326 $ 1,154 Accrued research and development 166 144 Accrued other 282 241 Total accrued expenses $ 1,774 $ 1,539

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITY	NOTE 6 – DERIVATIVE LIABILITY We account for equity-linked financial instruments, such as our convertible preferred stock, convertible debentures and our common stock warrants as either equity instruments or derivative liabilities depending on the specific terms of the respective agreement. Equity-linked financial instruments are accounted for as derivative liabilities, in accordance with ASC Topic 815 – Derivatives and Hedging, if the instrument allows for cash settlement or issuance of a variable number of shares. We classify derivative liabilities on the balance sheet at fair value, and changes in fair value during the periods presented in the statement of operations, which is revalued at each balance sheet date subsequent to the initial issuance of the stock warrant. In September 2017, we issued convertible debentures which contain a variable conversion feature, anti-dilution protection and other conversion price adjustment provisions. As a result, the Company assessed its outstanding equity-linked financial instruments and concluded that the convertible notes are subject to derivative accounting. The fair value of the conversion feature is classified as a liability in the financial statements, with the change in fair value during the periods presented recorded in the statement of operations. During the three and six months ended June 30, 2018, we recorded a gain of approximately $0.8 million and $1.0 million, respectively, related to the change in fair value of the derivative liabilities during the periods. For purpose of determining the fair market value of the derivative liability, the Company used Black Scholes option valuation model. The significant assumptions used in the Black Scholes valuations of the derivatives at June 30, 2018 are as follows: 2018 Volatility 268% Expected term (years) 2.5 months Risk-free interest rate 1.93% Dividend yield None As of June 30, 2018 and December 31, 2017, the derivative liability recognized in the financial statements was approximately $1.9 million and $2.9 million, respectively. As disclosed above, in Note 3, the Company has early adopted the guidance under ASU 2017-11 for the year end December 31, 2017. Adjustments to the Company’s previously issued financial statements were required for the retrospective application of this standard. As such the financial statements for the three and six months ended June 30, 2017 have been adjusted to reflect the adoption of ASU 2017-11. As a result our financial instruments (such as warrants and convertible instruments) with down round features that required fair value measurement of the entire instrument or conversion option have been retroactively reclassified to remove their classification as derivative instruments.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES Operating Leases Inspyr currently does not have any ongoing leases for office space. It has availability to office space on an as needed basis. Its employees work on a remote basis. There was no rent expense for the three and six months ended June 30, 2018 and 2017. Employment Agreements We employ our Chief Executive Officer pursuant to a written employment agreement. The employment agreement contains severance provisions and indemnification clauses. The indemnification agreement provides for the indemnification and defense of the executive officer, in the event of litigation, to the fullest extent permitted by law. On February 28, 2017, Russell Richerson, PhD, resigned as chief operating officer of the Company, effective immediately. Dr. Richerson entered into a separation release of claims agreement (“Separation Agreement”) pursuant to which the Company: (i) issued Dr. Richerson a warrant to purchase 76,726 shares of Common Stock with an exercise price of $0.75 per share and a term of three and a half (3.5) years, (ii) agreed to make the vested portion of any options held by Dr. Richerson, exercisable at any time during their remaining term regardless of any termination provisions contained in the applicable equity compensation plans pursuant to which such awards were made (collectively, the “Awards”) and (iii) agreed to reduce the exercise prices of such Awards to $0.75 per share for the duration of their respective terms. In consideration of the foregoing, Dr. Richerson agreed to release the Company from any and all claims, including any rights or obligations as contained in his prior employment agreement, as amended. Severance provisions are not applicable to any other executive officer employment agreements until such time as they have each been employed for at least 6 months and the Company has raised $25 million in gross proceeds from capital raising transactions. Severance provisions pursuant to a termination within 12 months of a Sale Event occurring are not applicable as of June 30, 2018, as no Sale Event has occurred prior to such date. Legal Matters On March 16, 2016, Dr. Craig Dionne provided us his notice of termination as the company’s Chief Executive Officer and Chief Financial Officer. Dr. Dionne’s notice of termination states that such termination was for “Good Reason” as a result of a material change in his authority, functions, duties and responsibilities as chief executive officer. In the event that termination was for “Good Reason”, Dr. Dionne would be entitled to certain severance payments as well as other benefits. The notice of termination, in additional to requesting such severance, also requests the payment of Dr. Dionne’s annual and long term bonus for 2014 and 2015. While the Company disputes that the termination was for “Good Reason,” as well as the amount of the bonuses due Dr. Dionne, if any, at this time the Company is unable to predict the financial outcome of this matter, and any views formed as to the viability of these claims or the financial liability which could result may change from time to time as the matter proceeds through its course. The Company is uncertain whether any litigation may result from the foregoing and the outcome of any such litigation is uncertain. The Company is subject at times to other legal proceedings and claims, which arise in the ordinary course of its business. Although occasional adverse decisions or settlements may occur, the Company believes that the final disposition of such matters should not have a material adverse effect on its financial position, results of operations or liquidity.

CAPITAL STOCK AND STOCKHOLDERS'

CAPITAL STOCK AND STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
CAPITAL STOCK AND STOCKHOLDER'S EQUITY	NOTE 8 – CAPITAL STOCK AND STOCKHOLDERS’ EQUITY Preferred Stock In March and April, 2017, we sold 290.4 shares of Series C 0% Convertible Preferred Stock. The Series C Preferred Stock has a stated value of $1,000 and is immediately convertible into 387,251 shares of the Company’s common stock, subject to certain beneficial ownership limitations, at a conversion price equal to $0.75, subject to adjustment. The Conversion Price is subject to certain reset adjustments including the date of any future amendment to the Company’s certificate of incorporation with respect to a reverse stock split. The Series C Preferred Stock has anti-dilution protection until such the twelve (12) month anniversary of the issuance of the Series C Preferred Stock. On September 12, 2017 we entered into an exchange agreement (“Exchange Agreement”) with certain holders (the “Investors”) of our Series A 0% Convertible Preferred Stock (“Series A Shares”) and Series B 0% Convertible Preferred Stock (“Series B Shares”). Pursuant to the terms of the Exchange Agreement, we issued to the investors approximately $2.5 million in principal amount of senior convertible debentures in exchange for 1,614.8125 Series A Shares with a stated value of approximately $1.6 million and 890 Series B Shares with a stated value of approximately $0.9 million (collectively, the “Exchange”). In connection with the Exchange, such Series A Shares and Series B Shares have been cancelled and terminated. As of June 30, 2018 and December 31, 2017, there were outstanding 133.8 shares of Series A Preferred Stock, 71 shares of Series B Preferred Stock, and 290.4 shares of Series C Preferred Stock. As a result of recent equity financings and conversions of debentures, the conversion prices of our Series A Preferred Stock has been reduced to $0.53 per share, the conversion price of 200 shares of our Series C preferred stock has been reduced to $0.02 per share, and our Series B Preferred Stock and 90.4 shares of our Series C preferred stock has been reduced to $0.01 per share at June 30, 2018. Common Stock During the six months ended June 30, 2018, we issued a total of 5,750,000 shares of common stock, valued at $126,350, upon the conversion of $95,790 principal amount of our convertible debentures. Between January 1 and June 30, 2017, we issued a total of 223,585 shares of common stock upon the conversion of 79.5 shares of Series A Preferred Stock and 39 shares of Series B Preferred Stock. Conversion and exercise price resets As a result of recent equity financings and conversions of debentures, the conversion prices of our Series A Preferred Stock has been reduced to $0.53 per share, the conversion price of 200 shares of our Series C preferred stock has been reduced to $0.02 per share, and our Series B Preferred Stock and 90.4 shares of our Series C preferred stock has been reduced to $0.01 per share. The exercise prices of the warrants issued in conjunction with the Series B and Series C preferred stock have also been reduced to $0.02 and $0.01 per share. As a result of the reductions of the conversion prices of our preferred stock and warrants, we have recorded deemed dividends of approximately $196,000 during the three and six months ended June 30, 2018. As a result of the reductions of the conversion prices of our preferred stock and warrants, we have recorded deemed dividends of approximately $1,268,000 during the six months ended June 30, 2017.

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK OPTIONS	NOTE 9 – STOCK OPTIONS The Company has recorded aggregate stock-based compensation expense related to the issuance of stock option awards in the following line items in the accompanying consolidated statement of losses (in thousands): Six Months Ended June 30, 2018 2017 Research and development $ 62 $ 91 General and administrative 28 47 Total stock-based compensation expense $ 90 $ 138 During the six months ended June 30, 2018, we accelerated the vesting of all unvested employee options. As of June 30, 2018, there was no unrecognized compensation cost related to non-vested stock options. The following table summarizes stock option activity for the six months ended June 30, 2018: Number of shares Weighted-average exercise price Weighted-average remaining contractual term (in years) Aggregate intrinsic value (in thousands) Outstanding at December 31, 2017 356,280 $ 7.45 Granted — $ — Forfeited (22,007 ) $ 24.23 Outstanding at June 30, 2018 334,273 $ 6.35 4.1 $ — Exercisable at June 30, 2018 334,273 $ 6.35 4.1 $ — No options were exercised during the six months ended June 30, 2018 and 2017.

WARRANTS

WARRANTS	6 Months Ended
	Jun. 30, 2018
Warrants
WARRANTS	NOTE 10 – WARRANTS Transactions involving our warrants are summarized as follows: Number of shares Weighted-average exercise price Weighted-average remaining contractual term (in years) Aggregate intrinsic value (in thousands) Outstanding at December 31, 2017 3,045,740 $ 5.39 Issued — — Expired (412,767 ) $ 5.22 Outstanding at June 30, 2018 2,632,973 $ 5.41 3.0 $ — Exercisable at June 30, 2018 2,632,973 $ 5.41 3.0 $ — No warrants were exercised during the six months ended June 30, 2018 and 2017. As a result of recent equity financings and conversions of debentures, the exercise prices of the warrants issued in conjunction with our Series B and Series C preferred stock have also been reduced to $0.02 and $0.02 per share. The following table summarizes outstanding common stock purchase warrants as of June 30, 2018: Number of shares Weighted-average exercise price Expiration Issued to consultants 102,213 $ 7.09 February 2019 through August 2023 Issued pursuant to 2013 financings 120,043 $ 52.50 August 2018 Issued pursuant to 2014 financings 96,412 $ 34.50 June 2019 Issued pursuant to 2015 financings 460,384 $ 8.40 July 2020 through December 2020 Issued pursuant to 2016 financings 1,466,670 $ 0.01 December 2021 Issued pursuant to 2017 financings 387,251 $ 0.02 March 2022 through April 2022 2,632,973

CONVERTIBLE DEBENTURES

CONVERTIBLE DEBENTURES	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
CONVERTIBLE DEBENTURES	NOTE 11 – CONVERTIBLE DEBENTURES On September 12, 2017 we entered into an exchange agreement (“Exchange Agreement”) with certain holders (the “Investors”) of our Series A 0% Convertible Preferred Stock (“Series A Shares”) and Series B 0% Convertible Preferred Stock (“Series B Shares”). Pursuant to the terms of the Exchange Agreement, we issued to the investors approximately $2.5 million in principal amount of senior convertible debentures (“Debentures”) in exchange for 1,614.8125 Series A Shares with a stated value of approximately $1.6 million and 890 Series B Shares with a stated value of approximately $0.9 million. On September 12, 2017, we sold an aggregate of $320,000 of our Debentures. The sale consisted of $250,000 in cash and the cancellation of $70,000 of obligations of the Company. The Debentures to be issued to the Investors (i) are non-interest bearing, (ii) have a maturity date of September 12, 2018 and (iii) are convertible into shares of common stock (“Common Stock”) of the Company at the election of the Investor at any time, subject to a beneficial ownership limitation of 4.99% which may be increased to 9.99% by the Investor upon 61 days’ notice. The Debentures will have a conversion price equal to the lesser of (i) $0.33 and (ii) 85% of the lesser of (a) the volume weighted average price on the trading day immediately preceding a conversion date and (b) the volume weighted average price on a conversion date. The Debentures also contain provisions providing for an adjustment in the event of stock splits or dividends, and fundamental transactions. The Investors will also have the right to participate in subsequent rights offerings and pro rata distributions. Additionally, the Debentures contain anti-dilution protection in the event of subsequent equity sales at a price that is lower than the then applicable conversion price until such time that the Debentures are no longer outstanding. Additionally, the Company has the option to redeem some or all of the Debentures for cash upon notice of twenty (20) trading days provided certain conditions are met by the Company as more fully described in the Debentures. Furthermore, without the approval of the Investors holding at least 67% of the then outstanding principal amount of the Debentures, the Company may not (i) amend its charter documents in any manner that adversely affects the rights of any Investor, (ii) repay or repurchase or acquire shares of its Common Stock, (iii) repay, repurchase, or acquire certain indebtedness, or (iv) pay cash dividends or distributions on any equity securities of the Company. The Company is also obligated pay Investors, as partial liquidated damages, a fee of 2.0% of each Investor’s initial principal amount of such Investor’s Debenture in cash upon our failure to have current public information available. This requirement has been waived by the Investors through July 5, 2019. In connection with the Offering, the Investors also entered in a registration rights agreement (“Registration Rights Agreement”). Pursuant to the Registration Rights Agreement, the Company agreed to file a registration statement with the Securities and Exchange Commission (“the Commission”) within 45 days from the date of the Registration Rights Agreement to register the resale of 100% of the shares of Common Stock underlying the Debentures and to maintain the effectiveness thereunder. The Company also agreed to have the registration statement declared effective within 75 days from the date of the Registration Rights Agreement and keep the registration statement continuously effective until the earlier of (i) the date after which all of the securities to be registered thereunder have been sold, or (ii) the date on which all the securities to be registered thereunder may be sold without volume or manner-of-sale restrictions and without current public information pursuant to Rule 144 under the Securities Act of 1933, as amended. We are also obligated to pay the Investors, as partial liquidated damages, a fee of 1.5% of each Investor’s subscription amount per month in cash upon the occurrence of certain events, including our failure to file and / or have the registration statement declared effective within the time periods provided. This requirement has been waived by the Investors through July 5, 2019. The Investors were additionally given a right of participation in future offerings for a period of up to eighteen months from the date in which the shares underlying the Debentures are registered as contemplated in the Registration Rights Agreement. The Securities Purchase Agreement also prohibits the Company from issuing any Common Stock, subject to certain exemptions, for a period of 60 days following the closing of the Offering, without the written approval of the Investors owning at least 50.1% of the securities issued in the Offering. Additionally, until the twelve (12) month anniversary of such effectiveness of the registration statement as contemplated in the Registration Rights Agreement, the Company is prohibited from entering into any agreement to effect any issuance of Common Stock in a variable rate transaction. During the six months ended June 30, 2018, we issued a total of 5,750,000 shares of common stock, valued at $126,350, upon the conversion of $95,790 principal amount of our convertible debentures.

ACQUISITION

ACQUISITION	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
ACQUISITION	NOTE 12 – ACQUISITION On July 31, 2017, we acquired 100% of the capital stock of Lewis & Clark, Pharmaceuticals, Inc., a Virginia Corporation (“L&C”), pursuant to the terms of a share exchange agreement (“Agreement”) dated July 31, 2017 (“Closing Date”), by and among, the Company, L&C, certain principals of L&C (the “Principals”) and all of the existing shareholders of L&C (“Shareholders”). As consideration for the acquisition of L&C, the Company agreed to issue an aggregate of 7,122,172 shares of the Company’s common stock (“Payment Shares”) to the Shareholders, accounting for, subsequent to the closing of the transaction, the Shareholders owning 50% of the issue and outstanding capital stock of the Company (including common shares issuable upon conversion of the Company’s outstanding preferred stock). The shares issued for the acquisition of L&C have been valued at $2,492,760. The Principals have agreed to establish escrow accounts with respect to an aggregate of 973,251 of the Payment Shares pursuant to a share escrow agreement (“Escrow Agreement”) in order to satisfy certain indemnification obligations to the extent such may arise under the Agreement for the benefit of the Company, its shareholders, and its personnel. The Agreement contains certain customary indemnification provisions with respect to the Company one on hand and L&C and the Principals, on the other hand. Additionally, pursuant to the Agreement, all Shareholders that receive at least 5% of the Payment Shares (at least 356,109 shares) (including any shares held in escrow) agree to vote such shares in accordance with the recommendation of the Company’s board of directors (“Board”) with respect to any matter to be voted upon by shareholders of the Company for a period of eighteen (18) months from the Closing Date. Furthermore, each Shareholder agrees that for a period of eighteen (18) months from the Closing Date, it will not sell or transfer any of the Payment Shares it receives pursuant to the Agreement, except that if a Shareholder is employed by the Company, it may sell up to five percent (5%) of Payment Shares it receives on each ninety (90) day period following the one (1) year anniversary of the Closing Date. The allocation of the purchase price to the assets acquired and liabilities assumed based on the estimated fair values is as follows (in thousands): Cash $ 23 Prepaid expenses 3 Equipment 353 Goodwill 2,159 Total assets acquired 2,538 Accounts payable and other liabilities (45 ) Total $ 2,493 Due to the curtailment of business activity in February 2018, the Company determined that the goodwill assigned to the Lewis & Clark, Pharmaceuticals, Inc. acquisition had become fully impaired as of December 31, 2017. Accordingly, we recorded a goodwill impairment charge of $2.2 million during the year ended December 31, 2017. The Company also determined that the office and lab equipment acquired pursuant to the Lewis & Clark, Pharmaceuticals, Inc. acquisition had become fully impaired as of December 31, 2017. Accordingly, we recorded an impairment charge of $0.3 million during the year ended December 31, 2017. Pro forma results The following tables set forth the unaudited pro forma results of the Company for 2017 as if the acquisition of L&C had taken place on the first day of the periods presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies been combined as of the first day of the periods presented. Three Months June 30, Six Months June 30, 2017 2017 Revenue $ — $ — Net loss attributable to common shareholders (1,004 ) (3,430) Net loss per share (0.12 ) (0.40)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS No material events have occurred after June 30, 2018 that requires recognition or disclosure in the financial statements except as follows: On July 3, 2018, we entered into securities purchase agreements (“Securities Purchase Agreement”) with certain institutional investors (the “Investors”). Pursuant to the Securities Purchase Agreement, we sold an aggregate of $515,000 of senior convertible debentures (“Debentures”) consisting of $500,000 in cash and the cancellation of $15,000 of obligations of the Company (the “Offering”). Pursuant to the terms of the Securities Purchase Agreement, we will issue $515,000 in principal amount of Debentures. The Debentures (i) are non-interest bearing, (ii) have a maturity date one (1) year from the date of issuance and (iii) are convertible into shares of our common stock at the election of the Investor at any time, subject to a beneficial ownership limitation of 4.99% which may be increased to 9.99% by the Investor upon 61 days’ notice. The Debentures will have a conversion price equal to the lesser of (i) $0.33 and (ii) 85% of the lesser of (a) the volume weighted average price on the trading day immediately preceding a conversion date and (b) the volume weighted average price on a conversion date. The Debentures also contain provisions providing for an adjustment in the event of stock splits or dividends, and fundamental transactions. The Investors will also have the right to participate in subsequent rights offerings and pro rata distributions. Additionally, the Debentures contain anti-dilution protection in the event of subsequent equity sales at a price that is lower than the then applicable conversion price until such time that the Debentures are no longer outstanding. Additionally, the Company has the option to redeem some or all of the Debentures for cash upon notice of twenty (20) trading days provided certain conditions are met by the Company as more fully described in the Debentures. Furthermore, without the approval of the Investors holding at least 67% of the then outstanding principal amount of the Debentures, the Company may not (i) amend its charter documents in any manner that adversely affects the rights of any Investor, (ii) repay or repurchase or acquire shares of its Common Stock, (iii) repay, repurchase, or acquire certain indebtedness, or (iv) pay cash dividends or distributions on any equity securities of the Company. The Company is also required under the Securities Purchase Agreement to hold a shareholder meeting by January 3, 2019 in order to increase the number of authorized shares of Common Stock of the Company such that there are sufficient shares of Common Stock available for issuance underlying the Debentures upon their conversion in full. The Company is also obligated under the Securities Purchase Agreement to pay Investors, as partial liquidated damages, a fee of 2.0% of each Investor’s initial principal amount of such Investor’s Debenture in cash upon our failure to have current public information available beginning six (6) months after the issuance date of the Debentures. This requirement has been waived by the Investors through July 5, 2019. The Investors were additionally given a right of participation in future offerings for a period of up to eighteen (18) months from the date on which the shares underlying the Debentures are registered. The Securities Purchase Agreement also prohibits us from issuing any common stock, subject to certain exemptions, for a period of 60 days following the closing of the Offering, without the written approval of the Investors owning at least 50.1% of the securities issued in the Offering. Additionally, until the twelve month anniversary of the registration of the shares underlying the Debentures, we are prohibited from entering into any agreement to effect any issuance of common stock in a variable rate transaction. On December 13, 2018 we issued an aggregate of $25,000 in convertible promissory notes (“Notes”) for cash proceeds of $25,000. The Notes will mature on the earlier of (i) June 30, 2019 or (ii) such time as we raise capital in exchange for the sale of securities (“Maturity Date”) and bear interest at 10% per year, payable on the Maturity Date. Pursuant to the terms of the Notes, the Notes may be converted into shares of common stock upon an Event of Default (as such term is defined in the Notes) or upon the Maturity Date at the election of the holder at a price per share equal to 75% of the lowest trade price of our common stock on the trading day immediately prior to the date such exchange is exercised by the holder. From July 1, 2018 through January 22, 2019, we issued a total of 133,361,071 shares of common stock upon the conversion of $469,686 principal amount of our convertible debentures. During December 2018, we designated 5,000 shares of preferred stock as Series D 0% Convertible Preferred Stock (the “Preferred Stock”). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value equal to $1.00 (the “Stated Value”). With respect to a vote of stockholders to approve a reverse split of the Common Stock to occur no later than December 31, 2019, only, each share of Series D Preferred Stock held by a Holder, as such, shall be entitled to the whole number of votes equal to 30,001 shares of Common Stock. On any matter presented to the stockholders of the Corporation for their action or consideration at any meeting of stockholders of the Corporation (or by written consent of stockholders in lieu of meeting), each holder of outstanding shares of Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Common Stock into which the shares of Preferred Stock held by such holder are convertible as of the record date for determining stockholders entitled to vote on such matter. Except as provided by law or by the other provisions of the certificate of incorporation, holders of the Preferred Stock shall vote together with the holders of Common Stock as a single class. Each share of Preferred Stock shall be convertible, at any time and from time to time from and after the Original Issue Date at the option of the Holder thereof, into that number of shares of Common Stock (subject to the limitations set forth in Section 6(d)) determined by dividing the Stated Value of such share of Preferred Stock by the Conversion Price. The Conversion Price is $0.005 per share. During January 2019, we issued the 5,000 shares of Series D Convertible Preferred Stock for proceeds of $5,000.

SUMMARY OF CRITICAL ACCOUNTIN_2

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements are unaudited. The unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. These interim financial statements as of and for the three and six months ended June 30, 2018 and 2017 are unaudited; however, in the opinion of management, such statements include all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. The results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018 or for any future period. All references to June 30, 2018 and 2017 in these footnotes are unaudited. These unaudited condensed financial statements should be read in conjunction with our audited financial statements and the notes thereto for the year ended December 31, 2017, included in the Company’s annual report on Form 10-K filed with the SEC on April 26, 2019. The condensed balance sheet as of December 31, 2017 has been derived from the audited financial statements at that date but do not include all disclosures required by the accounting principles generally accepted in the United States of America. Certain items have been reclassified to conform to the current period presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Significant estimates include the fair value of derivative instruments, stock-based compensation, recognition of clinical trial costs and other accrued liabilities. Actual results may differ from those estimates.
Research and Development	Research and Development Research and development costs are charged to expense as incurred. Our research and development expenses consist primarily of expenditures for toxicology and other studies, manufacturing, clinical trials, compensation and consulting costs. We incurred research and development expenses of approximately $0.01 million and $0.5 million for the three months ended June 30, 2018 and 2017, respectively. We incurred research and development expenses of approximately $0.2 million and $1.0 million for the six months ended June 30, 2018 and 2017, respectively.
Cash Equivalents	Cash Equivalents For purposes of the statements of cash flows, we consider all highly liquid debt instruments purchased with a maturity date of three months or less to be cash equivalents. We maintain our cash in bank deposit accounts which, at times, may exceed applicable government mandate insurance limits. We have not experienced any losses in our accounts.
Loss per Share	Loss per Share Basic loss per share is calculated by dividing net loss and net loss attributable to common shareholders by the weighted average number of common shares outstanding for the period. Basic and diluted loss per share are the same, in that any potential common stock equivalents would have the effect of being anti-dilutive in the computation of net loss per share. The following potentially dilutive securities have been excluded from the computations of weighted average shares outstanding as of June 30, 2018 and 2017, as they would be anti-dilutive: Six Months Ended June 30, 2018 2017 Shares underlying options outstanding 334,273 363,387 Shares underlying warrants outstanding 2,632,973 5,103,542 Shares underlying convertible notes outstanding 347,553,643 — Shares underlying convertible preferred stock outstanding 26,395,624 5,499,742 376,916,513 10,966,671 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Net income attributable to common shareholders $ 522 $ 266 Income attributable to convertible debentures (863 ) (1,045 ) Expense attributable to convertible debentures 80 160 Diluted loss attributable to common shareholders $ (261 ) $ (619 ) Basic shares outstanding $ 15,601,456 $ 13,663,846 Convertible instruments 134,398,544 136,336,154 Diluted shares outstanding $ 150,000,000 $ 150,000,000 Diluted loss per share $ (0.00 ) $ (0.00 )
Derivative Liability	Derivative Liability The Company has financial instruments that are considered derivatives or contain embedded features subject to derivative accounting. Embedded derivatives are valued separately from the host instrument and are recognized as derivative liabilities in the Company’s balance sheet. The Company measures these instruments at their estimated fair value and recognizes changes in their estimated fair value in results of operations during the period of change. The Company values its derivative liabilities using the Black-Scholes option valuation model. The resulting liability is valued at each reporting date and the change in the liability is reflected as change in derivative liability in the statement of operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Our short-term financial instruments, including cash, accounts payable and other liabilities, consist primarily of instruments with maturities of three months or less when acquired. We believe that the fair values of our current assets and current liabilities approximate their reported carrying amounts. The derivative liability consists of our convertible notes with a variable conversion feature. The Company uses the Black-Scholes option-pricing model to value its derivative liability which incorporate the Company’s stock price, volatility, U.S. risk-free interest rate, dividend rate, and estimated life.
Fair Value Measurements	Fair Value Measurements The U.S. GAAP Valuation Hierarchy establishes a valuation hierarchy for disclosure of the inputs to valuation used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The Company has recorded a derivative liability for its convertible notes with a variable conversion feature as of June 30, 2018. The tables below summarize the fair values of our financial liabilities as of June 30, 2018 (in thousands): Fair Value at June 30, Fair Value Measurement Using 2018 Level 1 Level 2 Level 3 Derivative liability $ 1,858 $ — $ — $ 1,858 The reconciliation of the derivative liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows (in thousands): Six months ended June 30, 2018 2017 Balance at beginning of year $ 2,934 $ — Additions to derivative instruments — — Reclassification on conversion (93 ) — Gain on change in fair value of derivative liability (983 ) — Balance at end of period $ 1,858 $ —
Stock-Based Compensation	Stock-Based Compensation We measure the cost of employee services received in exchange for equity awards based on the grant-date fair value of the awards. All awards under our stock-based compensation programs are accounted for at fair value and that cost is recognized over the period during which an employee is required to provide service in exchange for the award (the vesting period). Compensation expense for options granted to non-employees is determined in accordance with the fair value of the consideration received or the fair value of the equity instruments issued, whichever is a more reliable measurement. Compensation expense for awards granted to non-employees is re-measured on each accounting period. Determining the appropriate fair value of stock-based compensation requires the input of subjective assumptions, including the expected life of the stock-based compensation and the volatility of our stock price. We use the Black-Scholes option-pricing model to value our stock option awards which incorporates our stock price, volatility, U.S. risk-free interest rate, dividend rate, and estimated life.
Effect of ASU No. 2017-11 on Previously Issued Financial Statements	Effect of ASU No. 2017-11 on Previously Issued Financial Statements In July 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): Part 1 – Accounting for Certain Financial Instruments with Down Round Features and Part 2 – Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with Scope Exception (“ASU No. 2017-11”). Part 1 of ASU No. 2017-11 addresses the complexity of accounting for certain financial instruments with down round features. Down round features are provisions in certain equity-linked instruments (or embedded features) that result in the strike price being reduced on the basis of the pricing of future equity offerings. Current accounting guidance creates cost and complexity for entities that issue financial instruments (such as warrants and convertible instruments) with down round features that require fair value measurement of the entire instrument or conversion option. Part II of ASU No. 2017-11 addresses the difficulty of navigating Topic 480, Distinguishing Liabilities from Equity, because of the existence of extensive pending content in the FASB Accounting Standards Codification®. This pending content is the result of the indefinite deferral of accounting requirements about mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests. For public business entities, the amendments in Part I of this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has early adopted the guidance under ASU 2017-11 for the year end December 31, 2017. Adjustments to the Company’s previously issued financial statements were required for the full retrospective application of this standard. As such the financial statements for the three and six months ended June 30, 2017 have been adjusted to reflect the adoption of ASU 2017-11. As reported Adjustments As Adjusted ASSETS Current assets: Cash $ 6 $ — $ 6 Prepaid expenses 31 — 31 Total current assets 37 — 37 Office equipment, net of accumulated depreciation of $2 5 — 5 Intangible assets, net of accumulated amortization of $152 60 — 60 Other assets 3 — 3 Total assets $ 105 $ — $ 105 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities: Accounts payable $ 1,602 $ — $ 1,602 Accrued expenses 709 — 709 Derivative liability 2,227 (2,227 ) — Total current liabilities 4,538 (2,227 ) 2,311 Total liabilities 4,538 (2,227 ) 2,311 Commitments and contingencies — — — Stockholders’ deficit: Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 shares issued and outstanding — — — Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 shares issued and outstanding — — — Additional paid-in capital 45,597 2,577 48,174 Accumulated deficit (50,030 ) (350 ) (50,380 ) Total stockholders’ deficit (4,433 ) 2,227 (2,206 ) Total liabilities and stockholders’ deficit $ 105 $ — $ 105 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Reported Adjustments As Adjusted Reported Adjustments As Adjusted Operating expenses: Research and development $ 500 — $ 500 $ 965 $ — $ 965 General and administrative 321 — 321 781 — 781 Total operating expenses 821 — 821 1,746 — 1,746 Loss from operations (821 ) — (821 ) (1,746 ) — (1,746 ) Other income (expense): Gain on change in fair value of derivative liability 315 (315 ) — 1,998 (1,998 ) — Interest income (expense), net (45 ) 45 — (1,462 ) 1,462 — Loss before provision for income taxes (551 ) (270 ) (821 ) (1,210 ) (536 ) (1,746 ) Provision for income taxes — — — — — — Net loss (551 ) (270 ) (821 ) (1,210 ) (536 ) (1,746 ) Deemed dividend — — — — (1,268 ) (1,268 ) Net loss attributable to common shareholders $ (551 ) $ (270 ) $ (821 ) $ (1,210 ) $ (1,804 ) $ (3,014 ) Net loss per common share, basic and diluted $ (0.35 ) $ (0.52 ) $ (0.79 ) $ (1.97 ) Weighted average shares outstanding 1,589,890 1,589,890 1,527,536 1,527,536 Reported Adjustments As Adjusted Cash flows from operating activities: Net loss $ (1,210 ) $ (536 ) $ (1,746 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 10 10 Stock-based compensation 143 143 Gain on change in fair value of derivative liability (1,998 ) 1,998 0 Finance cost 1,462 (1,462 ) 0 Increase in operating assets: Prepaid expenses 81 81 Increase in operating liabilities: Accounts payable and accrued expenses 689 689 Cash used in operating activities (823 ) — (823 ) Cash flows from investing activities: Acquisition of office equipment (3 ) — (3 ) Cash used in investing activities (3 ) — (3 ) Cash flows from financing activities: Proceeds from sale of stock and warrants 285 — 285 Cash provided by financing activities 285 — 285 Net decrease in cash (541 ) (541 ) Cash, beginning of period 547 547 Cash, end of period $ 6 $ — $ 6
Recent Accounting Pronouncements	Recent Accounting Pronouncements With the exception of those discussed below, there have not been any recent changes in accounting pronouncements and Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) during the six months ended June 30, 2018 that are of significance or potential significance to the Company. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company does not expect any impact from the adoption of this standard on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU No. 2017-04”). ASU No. 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. A public business entity that is a SEC filer should adopt the amendments of ASU No. 2017-04 for its annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not expect any impact from the adoption of this standard on its consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, “Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting”, which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award changes as a result of the change in terms or conditions. If an award is not probable of vesting at the time a change is made, the new guidance clarifies that no new measurement date will be required if there is no change to the fair value, vesting conditions, and classification. This ASU will be applied prospectively and is effective for fiscal years beginning after December 15, 2017, and interim periods within those years, with early adoption permitted. The adoption of this standard did not have a material impact on its consolidated financial statements. In July 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): Part 1 – Accounting for Certain Financial Instruments with Down Round Features and Part 2 – Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with Scope Exception (“ASU No. 2017-11”). Part 1 of ASU No. 2017-11 addresses the complexity of accounting for certain financial instruments with down round features. Down round features are provisions in certain equity-linked instruments (or embedded features) that result in the strike price being reduced on the basis of the pricing of future equity offerings. Current accounting guidance creates cost and complexity for entities that issue financial instruments (such as warrants and convertible instruments) with down round features that require fair value measurement of the entire instrument or conversion option. Part II of ASU No. 2017-11 addresses the difficulty of navigating Topic 480, Distinguishing Liabilities from Equity, because of the existence of extensive pending content in the FASB Accounting Standards Codification®. This pending content is the result of the indefinite deferral of accounting requirements about mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests. For public business entities, the amendments in Part I of this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has early adopted the guidance under ASU 2017-11 for the year end December 31, 2017. Adjustments to the Company’s previously issued financial statements were required for the full retrospective application of this standard. As such the financial statements for the three and six months ended June 30, 2017 have been adjusted to reflect the adoption of ASU 2017-11.

SUMMARY OF CRITICAL ACCOUNTIN_3

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Tables)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Schedule of weighted average shares outstanding	The following potentially dilutive securities have been excluded from the computations of weighted average shares outstanding as of June 30, 2018 and 2017, as they would be anti-dilutive: Six Months Ended June 30, 2018 2017 Shares underlying options outstanding 334,273 363,387 Shares underlying warrants outstanding 2,632,973 5,103,542 Shares underlying convertible notes outstanding 347,553,643 — Shares underlying convertible preferred stock outstanding 26,395,624 5,499,742 376,916,513 10,966,671 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Net income attributable to common shareholders $ 608 $ 352 Income attributable to convertible debentures (863 ) (1,045 ) Expense attributable to convertible debentures 80 160 Diluted loss attributable to common shareholders $ (175 ) $ (533 ) Basic shares outstanding $ 15,601,456 $ 13,663,846 Convertible instruments 134,398,544 136,336,154 Diluted shares outstanding $ 150,000,000 $ 150,000,000 Diluted loss per share $ (0.00 ) $ (0.00 )
Schedule of fair values of financial liabilities	The Company has recorded a derivative liability for its convertible notes with a variable conversion feature as of June 30, 2018. The tables below summarize the fair values of our financial liabilities as of June 30, 2018 (in thousands): Fair Value at June 30, Fair Value Measurement Using 2018 Level 1 Level 2 Level 3 Derivative liability $ 1,858 $ — $ — $ 1,858
Schedule of fair value of derivative liability on recurring basis	The reconciliation of the derivative liability measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows (in thousands): Six months ended June 30, 2018 2017 Balance at beginning of year $ 2,934 $ — Additions to derivative instruments — — Reclassification on conversion (93 ) — Gain on change in fair value of derivative liability (983 ) — Balance at end of period $ 1,858 $ —
Schedule of financial statements	The Company has early adopted the guidance under ASU 2017-11 for the year end December 31, 2017. Adjustments to the Company’s previously issued financial statements were required for the full retrospective application of this standard. As such the financial statements for the three and six months ended June 30, 2017 have been adjusted to reflect the adoption of ASU 2017-11. As reported Adjustments As Adjusted ASSETS Current assets: Cash $ 6 $ — $ 6 Prepaid expenses 31 — 31 Total current assets 37 — 37 Office equipment, net of accumulated depreciation of $2 5 — 5 Intangible assets, net of accumulated amortization of $152 60 — 60 Other assets 3 — 3 Total assets $ 105 $ — $ 105 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities: Accounts payable $ 1,602 $ — $ 1,602 Accrued expenses 709 — 709 Derivative liability 2,227 (2,227 ) — Total current liabilities 4,538 (2,227 ) 2,311 Total liabilities 4,538 (2,227 ) 2,311 Commitments and contingencies — — — Stockholders’ deficit: Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 shares issued and outstanding — — — Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 shares issued and outstanding — — — Additional paid-in capital 45,597 2,577 48,174 Accumulated deficit (50,030 ) (350 ) (50,380 ) Total stockholders’ deficit (4,433 ) 2,227 (2,206 ) Total liabilities and stockholders’ deficit $ 105 $ — $ 105 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Reported Adjustments As Adjusted Reported Adjustments As Adjusted Operating expenses: Research and development $ 500 — $ 500 $ 965 $ — $ 965 General and administrative 321 — 321 781 — 781 Total operating expenses 821 — 821 1,746 — 1,746 Loss from operations (821 ) — (821 ) (1,746 ) — (1,746 ) Other income (expense): Gain on change in fair value of derivative liability 315 (315 ) — 1,998 (1,998 ) — Interest income (expense), net (45 ) 45 — (1,462 ) 1,462 — Loss before provision for income taxes (551 ) (270 ) (821 ) (1,210 ) (536 ) (1,746 ) Provision for income taxes — — — — — — Net loss (551 ) (270 ) (821 ) (1,210 ) (536 ) (1,746 ) Deemed dividend — — — — (1,268 ) (1,268 ) Net loss attributable to common shareholders $ (551 ) $ (270 ) $ (821 ) $ (1,210 ) $ (1,804 ) $ (3,014 ) Net loss per common share, basic and diluted $ (0.35 ) $ (0.52 ) $ (0.79 ) $ (1.97 ) Weighted average shares outstanding 1,589,890 1,589,890 1,527,536 1,527,536 The accompanying notes are an integral part of these unaudited condensed financial statements. Reported Adjustments As Adjusted Cash flows from operating activities: Net loss $ (1,210 ) $ (536 ) $ (1,746 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 10 10 Stock-based compensation 143 143 Gain on change in fair value of derivative liability (1,998 ) 1,998 0 Finance cost 1,462 (1,462 ) 0 Increase in operating assets: Prepaid expenses 81 81 Increase in operating liabilities: Accounts payable and accrued expenses 689 689 Cash used in operating activities (823 ) — (823 ) Cash flows from investing activities: Acquisition of office equipment (3 ) — (3 ) Cash used in investing activities (3 ) — (3 ) Cash flows from financing activities: Proceeds from sale of stock and warrants 285 — 285 Cash provided by financing activities 285 — 285 Net decrease in cash (541 ) (541 ) Cash, beginning of period 547 547 Cash, end of period $ 6 $ — $ 6

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Supplemental Cash Flow Information [Abstract]
Schedule of additional information of cash flow	The following table contains additional information for the periods reported (in thousands). Six Months Ended June 30, 2018 2017 Non-cash financial activities: Common stock issued on conversion of notes payable $ 126 $ — Debentures converted to common stock 96 — Derivative liability extinguished upon conversion of notes payable 93 — Preferred stock and warrants issued for fees — 5

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2018
Accrued Liabilities, Current [Abstract]
Schedule of accrued expenses	Accrued expenses consist of the following (in thousands): June 30, December 31, Accrued compensation and benefits $ 1,326 $ 1,154 Accrued research and development 166 144 Accrued other 282 241 Total accrued expenses $ 1,774 $ 1,539

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of black scholes valuations of derivatives	For purpose of determining the fair market value of the derivative liability, the Company used Black Scholes option valuation model. The significant assumptions used in the Black Scholes valuations of the derivatives at June 30, 2018 are as follows: 2018 Volatility 268% Expected term (years) 2.5 months Risk-free interest rate 1.93% Dividend yield None

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock-based compensation expense	The Company has recorded aggregate stock-based compensation expense related to the issuance of stock option awards in the following line items in the accompanying consolidated statement of losses (in thousands): Six Months Ended June 30, 2018 2017 Research and development $ 62 $ 91 General and administrative 28 47 Total stock-based compensation expense $ 90 $ 138
Schedule of stock option activity	The following table summarizes stock option activity for the six months ended June 30, 2018: Number of shares Weighted-average exercise price Weighted-average remaining contractual term (in years) Aggregate intrinsic value (in thousands) Outstanding at December 31, 2017 356,280 $ 7.45 Granted — $ — Forfeited (22,007 ) $ 24.23 Outstanding at June 30, 2018 334,273 $ 6.35 4.1 $ — Exercisable at June 30, 2018 334,273 $ 6.35 4.1 $ —

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2018
Warrants
Schedule of transactions involving of warrants	Transactions involving our warrants are summarized as follows: Number of shares Weighted-average exercise price Weighted-average remaining contractual term (in years) Aggregate intrinsic value (in thousands) Outstanding at December 31, 2017 3,045,740 $ 5.39 Issued — — Expired (412,767 ) $ 5.22 Outstanding at June 30, 2018 2,632,973 $ 5.41 3.0 $ — Exercisable at June 30, 2018 2,632,973 $ 5.41 3.0 $ —
Schedule of outstanding warrants to purchase common stock	he following table summarizes outstanding common stock purchase warrants as of June 30, 2018: Number of shares Weighted-average exercise price Expiration Issued to consultants 102,213 $ 7.09 February 2019 through August 2023 Issued pursuant to 2013 financings 120,043 $ 52.50 August 2018 Issued pursuant to 2014 financings 96,412 $ 34.50 June 2019 Issued pursuant to 2015 financings 460,384 $ 8.40 July 2020 through December 2020 Issued pursuant to 2016 financings 1,466,670 $ 0.01 December 2021 Issued pursuant to 2017 financings 387,251 $ 0.02 March 2022 through April 2022 2,632,973

ACQUISITION (Tables)

ACQUISITION (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of final accounting	The allocation of the purchase price to the assets acquired and liabilities assumed based on the estimated fair values is as follows (in thousands): Cash $ 23 Prepaid expenses 3 Equipment 353 Goodwill 2,159 Total assets acquired 2,538 Accounts payable and other liabilities (45 ) Total $ 2,493
Schedule of pro forma result of acquisition	The following tables set forth the unaudited pro forma results of the Company for 2017 as if the acquisition of L&C had taken place on the first day of the periods presented. These combined results are not necessarily indicative of the results that may have been achieved had the companies been combined as of the first day of the periods presented. Three Months June 30, Six Months June 30, 2017 2017 Revenue $ — $ — Net loss attributable to common shareholders (1,004 ) (3,430) Net loss per share (0.12 ) (0.40)

BACKGROUND (Details Narrative)

BACKGROUND (Details Narrative) $ in Thousands	1 Months Ended
	Jul. 31, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Proceeds from sale of debt securities	$ 500
Proceeds from sale of notes	$ 25

MANAGEMENT'S PLANS TO CONTINU_2

MANAGEMENT'S PLANS TO CONTINUE AS A GOING CONCERN (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2018	Jul. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Management Plans to Continue as Going Concern [Abstract]
Accumulated deficit			$ (59,272)	$ (59,734)	$ (50,380)
Cash and cash equivalents	$ 25	$ 500	$ 4		$ 6

SUMMARY OF CRITICAL ACCOUNTIN_4

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details) - shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Shares underlying, outstanding	376,916,513	10,966,671
Series A 0% Convertible Preferred Stock [Member]
Shares underlying, outstanding	26,395,624	5,499,742
Convertible debentures [Member]
Shares underlying, outstanding	347,553,643
Warrant [Member]
Shares underlying, outstanding	2,632,973	5,103,542
Employee Stock Option [Member]
Shares underlying, outstanding	334,273	363,387

SUMMARY OF CRITICAL ACCOUNTIN_5

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Summary Of Critical Accounting Policies And Use Of Estimates
Net income attributable to common shareholders	$ 522	$ (821)	$ 266	$ (3,014)
Income attributable to convertible debentures	(863)		(1,045)
Expense attributable to convertible debentures	(80)		(160)
Diluted loss attributable to common shareholders	$ (261)		$ (619)
Basic shares outstanding	15,601,456	1,589,890	13,663,846	1,527,536
Convertible instruments	$ 134,398,544		$ 136,336,154
Diluted shares outstanding	150,000,000	1,589,890	150,000,000	1,527,536
Diluted loss per share	$ 0	$ (0.52)	$ 0	$ (1.97)

SUMMARY OF CRITICAL ACCOUNTIN_6

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Derivative liability	$ 1,858	$ 2,900
Fair Value, Inputs, Level 1 [Member]
Derivative liability
Fair Value, Inputs, Level 2 [Member]
Derivative liability
Fair Value, Inputs, Level 3 [Member]
Derivative liability	$ 1,858

SUMMARY OF CRITICAL ACCOUNTIN_7

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details 3) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Accounting Policies [Abstract]
Balance at beginning of year	$ 2,934
Additions to derivative instruments
Reclassification on conversion	(93)
Gain on change in fair value of derivative liability	(983)
Balance at end of period	$ 1,858

SUMMARY OF CRITICAL ACCOUNTIN_8

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details 4) - USD ($) $ in Thousands	Dec. 31, 2018	Jul. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash	$ 25	$ 500	$ 4		$ 6
Prepaid expenses				$ 5	31
Total current assets			4	15	37
Office equipment, net of accumulated depreciation of $2			3	4	5
Intangible assets, net of accumulated amortization of $152			42	50	60
Other assets					3
Total assets			49	69	105
Current liabilities:
Accounts payable			2,047	1,968	1,602
Accrued expenses			1,774	1,539	709
Derivative liability			1,858	2,934
Total current liabilities			8,219	8,917	2,311
Total liabilities			8,219	8,917	2,311
Commitments and contingencies
Stockholders' deficit:
Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 shares issued and outstanding
Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 shares issued and outstanding			2	1
Additional paid-in capital			51,100	50,885	48,174
Accumulated deficit			(59,272)	(59,734)	(50,380)
Total stockholders' deficit			(8,170)	(8,848)	(2,206)	$ (888)
Total liabilities and stockholders' deficit			$ 49	$ 69	105
Previously Reported [Member]
Current assets:
Cash					6
Prepaid expenses					31
Total current assets					37
Office equipment, net of accumulated depreciation of $2					5
Intangible assets, net of accumulated amortization of $152					60
Other assets					3
Total assets					105
Current liabilities:
Accounts payable					1,602
Accrued expenses					709
Derivative liability					2,227
Total current liabilities					4,538
Total liabilities					4,538
Commitments and contingencies
Stockholders' deficit:
Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 shares issued and outstanding
Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 shares issued and outstanding
Additional paid-in capital					45,597
Accumulated deficit					(50,030)
Total stockholders' deficit					(4,433)
Total liabilities and stockholders' deficit					105
Restatement Adjustment [Member]
Current assets:
Cash
Prepaid expenses
Total current assets
Office equipment, net of accumulated depreciation of $2
Intangible assets, net of accumulated amortization of $152
Other assets
Total assets
Current liabilities:
Accounts payable
Accrued expenses
Derivative liability					(2,227)
Total current liabilities					(2,227)
Total liabilities					(2,227)
Commitments and contingencies
Stockholders' deficit:
Convertible preferred stock, par value $.0001 per share; 30,000,000 shares authorized, 3,000 shares issued and outstanding
Common stock, par value $.0001 per share; 150,000,000 shares authorized, 1,622,417 shares issued and outstanding
Additional paid-in capital					2,577
Accumulated deficit					(350)
Total stockholders' deficit					2,227
Total liabilities and stockholders' deficit

SUMMARY OF CRITICAL ACCOUNTIN_9

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details 5) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Operating expenses:
Research and development	$ 11	$ 500	$ 186	$ 965
General and administrative	54	321	237	781
Total operating expenses	65	821	423	1,746
Loss from operations	(65)	(821)	(423)	(1,746)
Other income (expense):
Gain on change in fair value of derivative liability	824		983
Interest income (expense), net	(80)		(160)
Loss before provision for income taxes	718	(821)	462	(1,746)
Provision for income taxes
Net loss	718	(821)	462	(1,746)
Deemed dividend				(1,268)
Net loss attributable to common shareholders	$ 522	$ (821)	$ 266	$ (3,014)
Net loss per common share, basic and diluted (in dollars per share)		$ (0.52)		$ (1.97)
Weighted average shares outstanding (in shares)		1,589,890		1,527,536
Previously Reported [Member]
Operating expenses:
Research and development		$ 500		$ 965
General and administrative		321		781
Total operating expenses		821		1,746
Loss from operations		(821)		(1,746)
Other income (expense):
Gain on change in fair value of derivative liability		315		1,998
Interest income (expense), net		(45)		(1,462)
Loss before provision for income taxes		(551)		(1,210)
Provision for income taxes
Net loss		(551)		(1,210)
Deemed dividend
Net loss attributable to common shareholders		$ (551)		$ (1,210)
Net loss per common share, basic and diluted (in dollars per share)		$ (0.35)		$ (0.79)
Weighted average shares outstanding (in shares)		1,589,890		1,527,536
Restatement Adjustment [Member]
Operating expenses:
Research and development
General and administrative
Total operating expenses
Loss from operations
Other income (expense):
Gain on change in fair value of derivative liability		(315)		(1,998)
Interest income (expense), net		45		1,462
Loss before provision for income taxes		(270)		(536)
Provision for income taxes
Net loss		(270)		(536)
Deemed dividend				(1,268)
Net loss attributable to common shareholders		$ (270)		$ (1,804)

SUMMARY OF CRITICAL ACCOUNTI_10

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details 6) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ 718	$ (821)	$ 462	$ (1,746)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			10	10
Stock-based compensation			90	143
Gain on change in fair value of derivative liability				0
Finance cost				0
Increase in operating assets:
Prepaid expenses				81
Increase in operating liabilities:
Accounts payable and accrued expenses			313	689
Cash used in operating activities			(6)	(823)
Cash flows from investing activities:
Acquisition of office equipment				(3)
Cash used in investing activities				(3)
Cash flows from financing activities:
Proceeds from sale of stock and warrants				285
Cash provided by financing activities				285
Net decrease in cash			(6)	(541)
Cash, end of period	$ 4	6	$ 4	6
Previously Reported [Member]
Cash flows from operating activities:
Net loss		(551)		(1,210)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization				10
Stock-based compensation				143
Gain on change in fair value of derivative liability				(1,998)
Finance cost				1,462
Increase in operating assets:
Prepaid expenses				81
Increase in operating liabilities:
Accounts payable and accrued expenses				689
Cash used in operating activities				(823)
Cash flows from investing activities:
Acquisition of office equipment				(3)
Cash used in investing activities				(3)
Cash flows from financing activities:
Proceeds from sale of stock and warrants				285
Cash provided by financing activities				285
Net decrease in cash				(541)
Cash, end of period		6		6
Restatement Adjustment [Member]
Cash flows from operating activities:
Net loss		(270)		(536)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on change in fair value of derivative liability				1,998
Finance cost				(1,462)
Increase in operating liabilities:
Cash used in operating activities
Cash flows from investing activities:
Acquisition of office equipment
Cash used in investing activities
Cash flows from financing activities:
Proceeds from sale of stock and warrants
Cash provided by financing activities
Cash, end of period

SUMMARY OF CRITICAL ACCOUNTI_11

SUMMARY OF CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accounting Policies [Abstract]
Research and development	$ 11	$ 500	$ 186	$ 965

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Non-cash financial activities:
Common stock issued on conversion of notes payable	$ 126
Debentures converted to common stock	96
Derivative liability extinguished upon conversion of notes payable	93
Preferred stock and warrants issued for fees		$ 5

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Accrued Liabilities, Current [Abstract]
Accrued compensation and benefits	$ 1,326	$ 1,154
Accrued research and development	166	144
Accrued other	282	241
Total accrued expenses	$ 1,774	$ 1,539	$ 709

DERIVATIVE LIABILITY (Details)

DERIVATIVE LIABILITY (Details)	Mar. 31, 2018
Measurement Input, Price Volatility [Member]
Derivative liability measurement input	268
Measurement Input, Expected Term [Member]
Derivative liability term	2 months 15 days
Measurement Input, Risk Free Interest Rate [Member]
Derivative liability measurement input	1.93
Measurement Input, Expected Dividend Rate [Member]
Derivative liability measurement input	0

DERIVATIVE LIABILITY (Details N

DERIVATIVE LIABILITY (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain on change in fair value of the derivative liability	$ 8,000	$ 1,000
Derivative Liability	$ 1,858	$ 1,858	$ 2,900

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2017	Jun. 30, 2018	Dec. 31, 2017
Option excersice price (in dollars per share)		$ 6.35	$ 7.45
Warrant expiration period		6 months
Gross proceeds from capital raising transactions		$ 25,000
Dr. Richerson [Member] | Separation Agreement [Member]
Warrants issued to purchase common stock	76,726
Exercise price (in dollars per share)	$ 0.75
Option excersice price (in dollars per share)	$ 0.75
Warrant expiration period	3 years 6 months

CAPITAL STOCK AND STOCKHOLDER_2

CAPITAL STOCK AND STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	Sep. 12, 2017	Apr. 30, 2017	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Principal amount of senior convertible debentures			$ 95,790	$ 95,790
Preferred stock, par value (in dollars per share)			$ 0.0001	$ 0.0001		$ 0.0001
Preferred stock, outstanding			495	495		495
Series C 0% Convertible Preferred Stock [Member]
Stock issued during period, shares		290.4
Conversion price (in dollars per share)		$ 0.75
Number of shares issued upon conversion		387,251
Preferred stock, par value (in dollars per share)		$ 1,000
Series A Preferred Stock [Member]
Conversion price (in dollars per share)				$ 0.53
Number of shares issued upon conversion					79.5
Preferred stock, outstanding			133.8	133.8		133.8
Series B Preferred Stock [Member]
Reduction in conversion price (in dollars per share)				$ 0.02
Number of shares issued upon conversion			90.4	90.4	39
Preferred stock, outstanding			71	71		71
Series C Preferred Stock [Member]
Reduction in conversion price (in dollars per share)				$ 0.01
Number of shares issued upon conversion			200	200
Preferred stock, outstanding			290.4	290.4		290.4
Common Stock [Member]
Stock issued during period, shares				5,750,000	223,585
Value of number of shares issued				$ 126,350
Preferred Stock And Warrants [Member]
Deemed dividend			$ 196,000	$ 196,000	$ 1,268,000
Investors [Member] | Exchange Agreement [Member]
Principal amount of senior convertible debentures	$ 2,500,000
SeriesAConvertiblePreferredStockMember | Investors [Member] | Series A Preferred Stock [Member] | Exchange Agreement [Member]
Number of shares converted	1,614.8125
Amount of shares converted	$ 1,600,000
Series B 0% Convertible Preferred Stock [Member] | Investors [Member] | Series B Preferred Stock [Member] | Exchange Agreement [Member]
Value of number of shares issued	$ 900,000
Number of shares converted	890

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Total stock-based compensation expense	$ 90	$ 138
Research And Development [Member]
Total stock-based compensation expense	62	91
General And Administrative [Member]
Total stock-based compensation expense	$ 28	$ 47

STOCK OPTIONS (Details 1)

STOCK OPTIONS (Details 1)	6 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning | shares	356,280
Granted | shares
Forfeited | shares	(22,007)
Outstanding at ending | shares	334,273
Exercisable at ending | shares	334,273
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning | $ / shares	$ 7.45
Granted | $ / shares
Forfeited | $ / shares	24.23
Outstanding at ending | $ / shares	6.35
Exercisable at ending | $ / shares	$ 6.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Term [Roll Forward]
Outstanding at ending	4 years 1 month 6 days
Exercisable at ending	4 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding at ending | $
Exercisable at ending | $

WARRANTS (Details)

WARRANTS (Details)	6 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Weighted-average remaining contractual term [Roll Forward]
Exercisable at ending	4 years 1 month 6 days
Aggregate intrinsic value [Roll Forward]
Outstanding at ending | $
Exercisable at ending | $
Warrant [Member]
Number of shares [Roll Forward]
Outstanding at beginning | shares	3,045,740
Issued | shares
Expired | shares	(412,767)
Outstanding at ending | shares	2,632,973
Exercisable at ending | shares	2,632,973
Weighted-average exercise price [Roll Forward]
Outstanding at beginning | $ / shares	$ 5.39
Issued | $ / shares
Expired | $ / shares	5.22
Outstanding at ending | $ / shares	5.41
Exercisable at ending | $ / shares	$ 5.41
Weighted-average remaining contractual term [Roll Forward]
Outstanding at ending	3 years
Exercisable at ending	3 years
Aggregate intrinsic value [Roll Forward]
Outstanding at ending | $
Exercisable at ending | $

WARRANTS (Details 1)

WARRANTS (Details 1) - Warrant [Member]	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Number of shares	2,632,973
Consultant [Member]
Number of shares	102,213
Weighted Average Exercise price | $ / shares	$ 7.09
Expiration date begenning	2019-02
Expiration date ending	2023-08
Financing 2013 [Member]
Number of shares	120,043
Weighted Average Exercise price | $ / shares	$ 52.50
Expiration date ending	2018-08
Financing 2014 [Member]
Number of shares	96,412
Weighted Average Exercise price | $ / shares	$ 34.50
Expiration date ending	2019-06
Financing 2015 [Member]
Number of shares	460,384
Weighted Average Exercise price | $ / shares	$ 8.40
Expiration date begenning	2020-07
Expiration date ending	2020-12
Financing 2016 [Member]
Number of shares	1,466,670
Weighted Average Exercise price | $ / shares	$ 0.01
Expiration date ending	2021-12
Financings 2017 [Member]
Number of shares	387,251
Weighted Average Exercise price | $ / shares	$ 0.02
Expiration date begenning	2023-03
Expiration date ending	2022-04

WARRANTS (Details Narrative)

WARRANTS (Details Narrative)	Jun. 30, 2018$ / shares
Series B And Series C Preferred Stock [Member]
Exercise price (in dollars per share)	$ 0.02

CONVERTIBLE DEBENTURES (Details

CONVERTIBLE DEBENTURES (Details Narrative) - USD ($)	Sep. 12, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 31, 2018
Principal amount of senior convertible debentures		$ 95,790
Conversion price				$ 0.0001
Common Stock [Member]
Common stock,issued		5,750,000	223,585
Common stock,value		$ 126,350
Investors [Member] | Exchange Agreement [Member]
Principal amount of senior convertible debentures	$ 2,500,000
Series B 0% Convertible Preferred Stock [Member] | Investors [Member] | Series B Preferred Stock [Member] | Exchange Agreement [Member]
Common stock,value	$ 900,000
Number of shares converted	890
SeriesAConvertiblePreferredStockMember | Investors [Member] | Series A Preferred Stock [Member] | Exchange Agreement [Member]
Number of shares converted	1,614.8125
Amount of shares converted	$ 1,600,000
Convertible debentures [Member]
Conversion price	$ 0.33
Convertible debentures [Member] | Exchange Agreement [Member]
Payment or cancellation debt	$ 70,000
Proceeds from debt	320,000
Received cash from debt	$ 250,000
Maturity date	Sep. 12, 2018
Discreiption of convertible debentures		The Debentures to be issued to the Investors (i) are non-interest bearing, (ii) have a maturity date of September 12, 2018 and (iii) are convertible into shares of common stock (“Common Stock”) of the Company at the election of the Investor at any time, subject to a beneficial ownership limitation of 4.99% which may be increased to 9.99% by the Investor upon 61 days’ notice. The Debentures will have a conversion price equal to the lesser of (i) $0.33 and (ii) 85% of the lesser of (a) the volume weighted average price on the trading day immediately preceding a conversion date and (b) the volume weighted average price on a conversion date.
Percentage of outstanding debentures		67.00%
Percentage of partial liquidated damages fee for each investor		2.00%
Convertible debentures [Member] | Registration Rights Agreement [Member]
Percentage of partial liquidated damages fee for each investor		1.50%
Percentage of securities issued investors		50.10%

ACQUISITION (Details)

ACQUISITION (Details) - Lewis & Clark Pharmaceuticals, Inc. [Member] - USD ($) $ in Thousands	Dec. 31, 2017	Jul. 31, 2017
Goodwill	$ 2,200
Share Exchange Agreement [Member]
Cash		$ 23
Prepaid expenses		3
Equipment		353
Goodwill		2,159
Total assets acquired		2,538
Accounts payable and other liabilities		(45)
Total		$ 2,493

ACQUISITION (Details 1)

ACQUISITION (Details 1) - Lewis & Clark Pharmaceuticals, Inc. [Member] - Share Exchange Agreement [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Revenue
Net loss attributable to common shareholders	$ (1,004)	$ (3,430)
Net loss per share	$ (0.12)	$ (0.40)

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative) - Lewis & Clark Pharmaceuticals, Inc. [Member] - USD ($) $ in Thousands	Jul. 31, 2017	Dec. 31, 2017
Percentage of ownership acquired	100.00%
Goodwill		$ 2,200
Office And Lab Equipment [Member]
Goodwill		$ 300
Escrow Agreement [Member]
Number of shares held in escrow account	$ 973,251
Share Exchange Agreement [Member]
Percentage of ownership acquired	100.00%
Number of shars issued upon acquistion (Purchase consideration)	7,122,172
Number of shares issued upon acquistion, value (Purchase consideration)	$ 2,492,760
Number of shares received by shareholders (5% of the payment shares)	356,109
Goodwill	$ 2,159

SUBSEQUENT EVENTS (Detail Narra

SUBSEQUENT EVENTS (Detail Narrative) - USD ($)	Dec. 13, 2018	Jul. 03, 2018	Jan. 31, 2019	Dec. 31, 2018	Jan. 22, 2019	Dec. 31, 2019	Jun. 30, 2018	Jan. 31, 2018	Jan. 22, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Face amount							$ 95,790
Preferred stock, authorized							30,000,000			30,000,000
Conversion price								$ 0.0001
Number of common shares issued (in dollars per shares)							16,638,929			10,888,929
10% Convertible Promissory Notes [Member]
Subsequent Event [Line Items]
Number of common shares issued (in dollars per shares)									133,361,071
Subsequent Event [Member]
Subsequent Event [Line Items]
Reverse stock split				Each share of Series D Preferred Stock held by a Holder, as such, shall be entitled to the whole number of votes equal to 30,001 shares of Common Stock.
Subsequent Event [Member] | Series D 0% Convertible Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock, par value				$ 0.0001
Preferred stock, stated value				1
Conversion price			$ 0.005	$ 0.005
Preferred stock issued			5,000
Proceeds from issuance of convertible preferred stock			$ 5,000			$ 5,000,000
Subsequent Event [Member] | 10% Convertible Promissory Notes [Member]
Subsequent Event [Line Items]
Face amount	$ 25,000
Debt face amount in cash	$ 25,000
Interest rate	10.00%
Maturity Date	Jun. 30, 2019
Maturity date, description	The Notes will mature on the earlier of (i) June 30, 2019 or (ii) such time as we raise capital in exchange for the sale of securities (“Maturity Date”).
Terms of conversion feature	Pursuant to the terms of the Notes, the Notes may be converted into shares of common stock upon an Event of Default (as such term is defined in the Notes) or upon the Maturity Date at the election of the holder at a price per share equal to 75% of the lowest trade price of our common stock on the trading day immediately prior to the date such exchange is exercised by the holder.
Amount of shares converted					$ 469,686,000
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Investor [Member] | Senior Convertible Debentures [Member]
Subsequent Event [Line Items]
Face amount		$ 515,000
Debt face amount in cash		500,000
Debt cancellation amount		$ 15,000
Interest rate terms		non-interest bearing
Terms of conversion feature		Convertible into shares of our common stock at the election of the Investor at any time, subject to a beneficial ownership limitation of 4.99% which may be increased to 9.99% by the Investor upon 61 days’ notice. The Debentures will have a conversion price equal to the lesser of (i) $0.33 and (ii) 85% of the lesser of (a) the volume weighted average price on the trading day immediately preceding a conversion date and (b) the volume weighted average price on a conversion date.
Partial liquidated damages fee percentage		2.00%
Future offerings period		6 months
Ownership percentage		50.10%
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Investor [Member] | Senior Convertible Debentures [Member] | Maximum [Member]
Subsequent Event [Line Items]
Future offerings period		18 months