Liquidity and Management Plans |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Liquidity and Management Plans [Abstract] | |
| LIQUIDITY AND MANAGEMENT PLANS | NOTE 2 - LIQUIDITY AND MANAGEMENT PLANS
The Company generated an operating loss of $1.5 million, a net loss of $1.5 million, and cash used in operations of $1.6 million for the three months ended March 31, 2026. As of March 31, 2026, the Company had cash and cash equivalents of $2.1 million and investments of $5.4 million in U.S. government securities. As of March 31, 2026, the Company had working capital of $8.4 million compared to working capital as of December 31, 2025 of $9.7 million.
Given the Company’s cash position and investment position as of March 31, 2026 and its projected cash flow from operations, the Company believes that it will have sufficient capital to sustain operations for a period of at least one year following the date of this filing. The Company may also raise funds through equity or debt offerings in the future to further accelerate the execution of its long-term strategic plan to develop and commercialize its core products. |