Balance Sheet

v3.25.0.1

Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 2,377	$ 16,189
Prepaid expenses and other current assets	393	636
Total Current Assets	2,770	16,825
Property and equipment, net	450	256
Other assets	56	50
Total Assets	3,276	17,131
Current Liabilities:
Accounts payable (includes related party $5 and $2, respectively)	531	556
Accrued expenses	1,091	638
Total Liabilities	1,622	1,194
Commitments (Note 7)
Stockholders’ Equity
Preferred Stock - $0.0001 par value; 10,000,000 shares authorized; 0 shares outstanding at December 31, 2024 and 2023	0	0
Common stock - $0.0001 par value; 100,000,000 shares authorized; 26,960,901 and 26,329,032 shares issued and outstanding at December 31, 2024 and 2023	3	3
Additional paid in capital	57,924	52,759
Accumulated deficit	(56,273)	(36,825)
Total Stockholders’ Equity	1,654	15,937
Total Liabilities and Stockholders’ Equity	$ 3,276	$ 17,131

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source