v3.25.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 786,000 $ 2,486,000
Accounts receivable 5,000 231,000
Inventory 27,000 80,000
Prepaid research and development 53,000 90,000
Prepaid expenses and other current assets 246,000 347,000
Total current assets 1,117,000 3,234,000
Property, plant and equipment, net 8,000 11,000
Right-of-use assets, net 245,000 293,000
Long-term prepaid contracts 767,000 904,000
Total assets 2,137,000 4,442,000
Current liabilities:    
Accounts payable 352,000 452,000
Accrued and other current liabilities 563,000 221,000
Deferred revenue 149,000 0
Insurance premium financing payable 63,000 253,000
Operating lease liability 104,000 95,000
Total current liabilities 1,231,000 1,021,000
Operating lease liability, net of current portion 145,000 199,000
Total liabilities 1,376,000 1,220,000
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock, par value $0.01 per share, 60,000,000 shares authorized; 15,918,979 shares issued and outstanding at each of June 30, 2025 and December 31, 2024 159,000 159,000
Additional paid-in capital 103,779,000 102,757,000
Accumulated deficit (103,170,000) (99,688,000)
Accumulated other comprehensive loss (7,000) (6,000)
Total stockholders’ equity 761,000 3,222,000
Total liabilities and stockholders’ equity $ 2,137,000 $ 4,442,000