v3.26.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 11,709 $ 236,400
Prepaid expenses and other current assets 38,917 68,989
Total current assets 50,626 305,389
Operating lease right-of-use asset 129,519 158,852
Property and equipment, net 8,066 9,225
Other assets 8,132 8,132
Total assets 196,343 481,598
Current liabilities:    
Accounts payable 547,829 381,041
Accrued expenses and other current liabilities 594,723 303,872
Operating lease liability – current portion 121,044 119,306
Total current liabilities 3,027,696 2,405,100
Operating lease liability, net of current portion 10,295 41,035
Total liabilities 3,037,991 2,446,135
Commitments and Contingencies
Stockholders’ deficit:    
Common stock, $0.0001 par value, 125,000,000 shares authorized; 7,043,330 issued and 6,995,469 outstanding at March 31, 2026 and December 31, 2025. 704 704
Additional paid-in capital 51,579,029 51,532,849
Accumulated deficit (54,274,421) (53,351,130)
Treasury stock, 47,861 shares, at cost, at March 31, 2026 and December 31, 2025. (150,000) (150,000)
Total stockholders’ deficit (2,841,648) (1,964,537)
Total liabilities and stockholders’ deficit 196,343 481,598
Related Party    
Current liabilities:    
Accrued interest – related parties 139,100 100,881
Notes payable – related parties 1,625,000 1,500,000
Series A Convertible Preferred Stock    
Stockholders’ deficit:    
Convertible preferred stock, value 659 659
Series B Convertible Preferred Stock    
Stockholders’ deficit:    
Convertible preferred stock, value $ 2,381 $ 2,381