v3.25.1
Management’s Liquidity Plan
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Management’s Liquidity Plan

Note 2 – Management’s Liquidity Plan

 

As of March 31, 2025, the Company had a cash and investment balance of $38.9 million and working capital of $37.8 million. Although the Company expects to continue incurring losses for the foreseeable future and may need to raise additional capital to sustain its operations, pursue its product development initiatives and penetrate markets for the sale of its products. Management believes the Company’s capital resources are sufficient to meet its obligations as they become due within one year after the date of this Quarterly Report, and sustain operations.