Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
Jun. 30, 2026
Basis of Presentation and Summary of Significant Accounting Policies
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. The condensed consolidated financial statements are unaudited, and in management’s opinion, include all adjustments, including normal recurring adjustments and accruals necessary for a fair presentation of the results for the interim periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full fiscal year ending December 31, 2026 or any future period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements and notes included in our 2025 Form 10-K. There have been no material changes in our significant accounting policies as described in our audited consolidated financial statements included in our 2025 Form 10-K. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
Liquidity	As shown in the accompanying condensed consolidated financial statements, the Company has not generated recurring revenue and has incurred operating losses during recent years. As of June 30, 2026, the Company has limited financial resources with which to achieve its objectives and attain profitability and positive cash flows from operations. Please see note 4 for discussion regarding the Company’s contracts and current business developments. In March 2026, to further enhance the Company’s liquidity position, we entered into a credit agreement with Independence Investors pursuant to which Independence Investors agreed to lend up to $4.0 million to the Company, payable on demand after 30 days’ notice, but in no event later than April 30, 2027. As of June 30, 2026 $2.2 million was available to be drawn on the line of credit. In July 2026, the company borrowed $500,000 on our line of credit.

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2026

Basis of Presentation and Summary of Significant Accounting Policies

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. The condensed consolidated financial statements are unaudited, and in management’s opinion, include all adjustments, including normal recurring adjustments and accruals necessary for a fair presentation of the results for the interim periods presented. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full fiscal year ending December 31, 2026 or any future period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements and notes included in our 2025 Form 10-K.

There have been no material changes in our significant accounting policies as described in our audited consolidated financial statements included in our 2025 Form 10-K. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.

Liquidity

As shown in the accompanying condensed consolidated financial statements, the Company has not generated recurring revenue and has incurred operating losses during recent years. As of June 30, 2026, the Company has limited financial resources with which to achieve its objectives and attain profitability and positive cash flows from operations. Please see note 4 for discussion regarding the Company’s contracts and current business developments. In March 2026, to further enhance the Company’s liquidity position, we entered into a credit agreement with Independence Investors pursuant to which Independence Investors agreed to lend up to $4.0 million to the Company, payable on demand after 30 days’ notice, but in no event later than April 30, 2027. As of June 30, 2026 $2.2 million was available to be drawn on the line of credit. In July 2026, the company borrowed $500,000 on our line of credit.