v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 12,645 $ 2,002
Prepaid expenses and other current assets 346 240
Current assets of discontinued operations 15 397
Total current assets 13,006 2,639
Property and equipment, net 12,641 2
Deferred offering costs 136 49
Licensed technology, net 2,243 0
Goodwill 3,457 0
Other assets 124 0
Non-current assets of discontinued operations 0 117
TOTAL ASSETS 31,607 2,807
LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY    
Accounts payable 264 125
Other accrued expenses 376 132
Current liabilities of discontinued operations 6 15
Total current liabilities 646 272
Convertible note payable, net 6,454 0
Derivative liability 292 0
Other non-current liabilities 48 0
Non-current liabilities of discontinued operations 0 0
Total liabilities 7,440 272
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 403 shares issued and outstanding as of December 31, 2025, and no shares issued and outstanding as of December 31, 2024 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 2,525,778 and 556,902 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively 2 1
Additional paid in capital 69,392 46,075
Accumulated deficit (52,597) (43,541)
Total Stockholders’ equity 16,797 2,535
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY 31,607 2,807
Series B Preferred Stock [Member]    
Temporary equity    
Temporary equity 1,379 0
Series C Preferred Stock [Member]    
Temporary equity    
Temporary equity $ 5,991 $ 0