Annual report [Section 13 and 15(d), not S-K Item 405]

Balance Sheets

v3.25.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 4,380 $ 2,377
Prepaid expenses and other current assets 202 393
Inventory 103 0
Total Current Assets 4,685 2,770
Property and equipment, net 1,102 450
Other assets 56 56
Total Assets 5,843 3,276
Current Liabilities:    
Accounts payable (includes related party $5 and $5, respectively) 1,053 531
Accrued expenses 2,187 1,091
Total Liabilities 3,240 1,622
Commitments (Note 7)
Stockholders’ Equity    
Preferred Stock - $0.0001 par value; 10,000,000 shares authorized; 0 shares outstanding at December 31, 2025 and 2024 0 0
Common stock - $0.0001 par value; 100,000,000 shares authorized; 40,117,404 and 26,960,901 shares issued and outstanding at December 31, 2025 and 2024 4 3
Additional paid in capital 79,887 57,924
Accumulated deficit (77,288) (56,273)
Total Stockholders’ Equity 2,603 1,654
Total Liabilities and Stockholders’ Equity $ 5,843 $ 3,276