v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 2,501 $ 4,360
Prepaid expenses 311 192
Other current assets 246 112
Total current assets 3,058 4,664
Intangible and other assets, net 623 695
Total assets 3,681 5,359
CURRENT LIABILITIES:    
Accounts payable 500 522
Accrued expenses:    
Salaries and wages 43 49
Professional fees 115 47
Other accrued expenses 433 422
Convertible notes, current portion 1,050 1,225
Total current liabilities 2,270 2,409
LONG-TERM LIABILITIES:    
Secured contingent payment obligation 39,010 39,650
Unsecured contingent payment obligations 5,753 6,439
Convertible notes, net of current portion 1,258 1,908
Related party note payable, net of current portion 0 57
Total long-term liabilities 46,021 48,054
Total liabilities 48,291 50,463
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' DEFICIT:    
Common stock, $0.01 par value, 225,000 shares authorized, 147,792 and 143,156 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,478 1,432
Additional paid-in capital 410,925 409,072
Accumulated deficit (457,013) (455,608)
Total shareholders' deficit (44,610) (45,104)
Total liabilities and shareholders' deficit 3,681 5,359
Related Party [Member]    
Accrued expenses:    
Related party note payable, current portion $ 129 $ 144