v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,626 $ 4,491
Vendor advances, net 412 845
Prepaid expenses and other current assets 136 51
Total Current Assets 3,174 5,387
Deferred offering costs 1,282 1,091
Intangible assets, net 62
Total Other Assets 1,282 1,153
TOTAL ASSETS 4,456 6,540
Current Liabilities    
Accounts payable and accrued expenses 265 199
Total Current Liabilities 265 199
Shareholders’ Equity    
Preferred stock, par value $0.001, 20,000,000 shares authorized; no shares issued and outstanding, respectively;
Common stock, par value $0.001, 100,000,000 shares authorized; 21,423,300 and 20,821,353 shares issued and outstanding on June 30, 2026 and December 31, 2025, respectively; 21 21
Additional paid-in capital 21,474 20,582
Accumulated deficit (17,304) (14,262)
Total Shareholders’ Equity 4,191 6,341
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,456 $ 6,540