v3.26.1
CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
ATM Offering
Warrants outstanding
Common Stock
Common Stock
ATM Offering
Additional Paid in Capital
Additional Paid in Capital
ATM Offering
Additional Paid in Capital
Warrants outstanding
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024       604,915          
Beginning balance, equity at Dec. 31, 2024 $ 2,918     $ 0   $ 69,701     $ (66,783)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in ATM offering and public offerings, net of issuance costs (in shares)         5,680        
Issuance of common stock in ATM offering and public offerings, net of issuance costs   $ 328         $ 328    
Stock-based compensation expense 435         435      
Net loss (3,347)               (3,347)
Ending balance (in shares) at Mar. 31, 2025       610,595          
Ending balance, equity at Mar. 31, 2025 334     $ 0   70,464     (70,130)
Beginning balance (in shares) at Dec. 31, 2024       604,915          
Beginning balance, equity at Dec. 31, 2024 2,918     $ 0   69,701     (66,783)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss (5,884)                
Ending balance (in shares) at Jun. 30, 2025       1,046,657          
Ending balance, equity at Jun. 30, 2025 2,184     $ 0   74,851     (72,667)
Beginning balance (in shares) at Mar. 31, 2025       610,595          
Beginning balance, equity at Mar. 31, 2025 334     $ 0   70,464     (70,130)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in ATM offering and public offerings, net of issuance costs (in shares)       432,383          
Issuance of common stock in ATM offering and public offerings, net of issuance costs 2,678         2,678      
Issuance of warrants in public offerings, net of issuance costs     $ 1,041         $ 1,041  
Issuance of common stock in employee stock purchase plan (in shares)       3,679          
Issuance of common stock in employee stock purchase plan 24         24      
Stock-based compensation expense 644         644      
Net loss (2,537)               (2,537)
Ending balance (in shares) at Jun. 30, 2025       1,046,657          
Ending balance, equity at Jun. 30, 2025 2,184     $ 0   74,851     (72,667)
Beginning balance (in shares) at Dec. 31, 2025       2,524,475          
Beginning balance, equity at Dec. 31, 2025 11,876 [1]     $ 0   90,265     (78,389)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in ATM offering and public offerings, net of issuance costs (in shares)         16,154        
Issuance of common stock in ATM offering and public offerings, net of issuance costs   $ 150         $ 150    
Reverse stock split adjustment (in shares)       (111)          
Stock-based compensation expense 387         387      
Net loss (2,434)               (2,434)
Ending balance (in shares) at Mar. 31, 2026       2,540,518          
Ending balance, equity at Mar. 31, 2026 9,979     $ 0   90,802     (80,823)
Beginning balance (in shares) at Dec. 31, 2025       2,524,475          
Beginning balance, equity at Dec. 31, 2025 11,876 [1]     $ 0   90,265     (78,389)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net loss (5,441)                
Ending balance (in shares) at Jun. 30, 2026       2,945,552          
Ending balance, equity at Jun. 30, 2026 9,214     $ 0   93,044     (83,830)
Beginning balance (in shares) at Mar. 31, 2026       2,540,518          
Beginning balance, equity at Mar. 31, 2026 9,979     $ 0   90,802     (80,823)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in ATM offering and public offerings, net of issuance costs (in shares)       361,432          
Issuance of common stock in ATM offering and public offerings, net of issuance costs 1,604         1,604      
Issuance of common stock to CEO in lieu of cash bonus (in shares)       37,749          
Issuance of common stock to CEO in lieu of cash bonus 231         231      
Issuance of common stock in employee stock purchase plan (in shares)       5,853          
Issuance of common stock in employee stock purchase plan 20         20      
Stock-based compensation expense 387         387      
Net loss (3,007)               (3,007)
Ending balance (in shares) at Jun. 30, 2026       2,945,552          
Ending balance, equity at Jun. 30, 2026 $ 9,214     $ 0   $ 93,044     $ (83,830)
[1] Derived from audited financial statements