v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,324 $ 4,088
Restricted cash 700
Prepaid expenses and other current assets 465 41
Total current assets 4,489 4,129
Long-term restricted cash 7 10
Total assets 4,496 4,139
Current liabilities:    
Accounts payable 651 272
Accrued expenses and other current liabilities 254 57
Total current liabilities 905 329
Total liabilities 905 329
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value — 500,000 shares authorized; 1,100 shares designated as Series B Convertible Preferred Stock; no shares issued and outstanding at March 31, 2026, and December 31, 2025; 1,000 shares of Series B Convertible Preferred Stock issuable at March 31, 2026 950
Common stock, $0.0001 par value — 200,000,000 shares authorized; 3,652,285 shares issued and outstanding at March 31, 2026, and December 31, 2025
Additional paid-in capital 306,131 306,128
Accumulated deficit (303,490) (302,318)
Total stockholders’ equity 3,591 3,810
Total liabilities and stockholders’ equity $ 4,496 $ 4,139