v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,080 $ 5,143
Prepaid expenses 389
Other current assets 33 27
Total current assets 3,502 5,170
Total assets 3,502 5,170
Current liabilities:    
Accounts payable 850 470
Accrued expenses – related party 45 23
Accrued expenses and other current liabilities 21 21
Total current liabilities 1,014 605
Total liabilities 1,014 605
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock: $0.0001 par value, 40,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively
Common stock: $0.0001 par value; 560,000,000 shares authorized; 47,343,297 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 104,662 104,195
Accumulated deficit (102,179) (99,635)
Total stockholders’ equity 2,488 4,565
Total liabilities and stockholders’ equity 3,502 5,170
Related Party    
Current liabilities:    
Due to related party $ 98 $ 91