Quarterly report [Sections 13 or 15(d)]

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 6,065 $ 4,380
Prepaid expenses and other current assets 120 202
Inventory 114 103
Total Current Assets 6,299 4,685
Property and equipment, net 1,516 1,102
Other assets 57 56
Total Assets 7,872 5,843
Current Liabilities:    
Accounts payable (includes related party $5 and $5, respectively) 267 1,053
Accrued expenses (includes related party $5 and $0, respectively) 1,091 2,187
Total Current Liabilities 1,358 3,240
Total Liabilities 1,358 3,240
Commitments and Contingencies (Note 8)
Stockholders’ Equity    
Preferred stock - $0.0001 par value; 10,000,000 shares authorized; 0 shares outstanding at September 30, 2026 and December 31, 2025 0 0
Common stock - $0.0001 par value 100,000,000 shares authorized; 57,513,001 and 40,117,404 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 6 4
Additional paid in capital 96,545 79,887
Accumulated deficit (90,037) (77,288)
Total Stockholders’ Equity 6,514 2,603
Total Liabilities and Stockholders' Equity $ 7,872 $ 5,843