Quarterly report pursuant to Section 13 or 15(d)

Sale of Net Operating Losses

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Sale of Net Operating Losses
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Sale of Net Operating Losses
Sale of Net Operating Losses

On April 4, 2019, we sold $11,638,516 of gross State of New Jersey NOL’s relating to the 2017 tax year as well as $71,968 of state research and development tax credits. The sale resulted in the net receipt by the Company of approximately $512,000. This figure includes all costs and expenses associated with the sale of these state tax attributes as deducted from the gross sales price of approximately $521,000.