v3.26.1
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 19,985 $ 7,201
Deferred offering costs 73 45
Prepaid expenses and other current assets 1,865 856
Total current assets 21,923 8,102
Noncurrent Assets:    
Prepaid expenses, net of current portion 0 503
Property and equipment, net 15 18
Total noncurrent assets 15 521
Total Assets 21,938 8,623
Current Liabilities:    
Accounts payable and accrued expenses 3,738 3,772
Notes payable 0 328
Total current liabilities 3,738 4,100
Total Liabilities 3,738 4,100
Stockholders' Equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value, 300,000,000 shares authorized at June 30, 2026 and December 31, 2025 and 1,461,449 and 632,516 shares issued and outstanding at June 30, 2026 and December 31, 2025 2 1
Additional paid-in capital 125,998 104,797
Accumulated deficit (107,800) (100,275)
Total Stockholders' Equity 18,200 4,523
Total Liabilities and Stockholders' Equity $ 21,938 $ 8,623