v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 39,000 $ 20,000
Prepaid expenses 1,103,000 576,000
Other current assets 51,000 0
Total current assets 1,193,000 596,000
Non-current assets:    
Property and equipment, net 750,000 750,000
Total assets 1,943,000 1,346,000
Current liabilities:    
Accounts payable 6,918,000 5,912,000
Accrued expenses 1,647,000 739,000
Promissory notes 2,107,000 3,517,000
Total current liabilities 10,672,000 10,168,000
Non-current liabilities:    
Related party loan 20,944,000 11,928,000
Total liabilities 31,616,000 22,096,000
Commitments and contingencies (See Note 4)
Stockholders' deficit:    
Preferred stock, $0.0001 par value, 45,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 5,423,606 shares issued and outstanding as of June 30, 2026 and December 31, 2025 1,000 1,000
Common stock, $0.0001 par value, 740,000,000 shares authorized as of June 30, 2026 and December 31, 2025 ; 230,209,142 shares issued and outstanding as of June 30, 2026 and December 31, 2025 23,000 23,000
Additional paid-in capital 255,026,000 255,026,000
Accumulated deficit (284,723,000) (275,800,000)
Total stockholders' deficit (29,673,000) (20,750,000)
Total liabilities and stockholders' deficit $ 1,943,000 $ 1,346,000