v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net Income (Loss) $ (9,739,000) $ (10,458,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 81,000 15,000
Stock based compensation expense 2,918,000 2,286,000
Stock issuance upon vesting of restricted stock units 505,000 0
Stock issuance for services 100,000 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 38,000 85,000
Inventory (7,000) 0
Accounts payable and accrued expenses (848,000) 150,000
Net cash used in operating activities (6,952,000) (7,922,000)
Cash Flows From Investing Activities    
Purchase of property and equipment (495,000) (102,000)
Purchase of short-term investments 0 (3,760,000)
Maturities of short-term investments 0 1,963,000
Net cash used in investing activities (495,000) (1,899,000)
Cash Flows From Financing Activities    
Proceeds from exercise of stock options 10,000 0
Net cash provided by financing activities 11,790,000 10,700,000
Net increase in cash and restricted cash 4,343,000 879,000
Cash, cash equivalents and restricted cash – Beginning of period 4,436,000 2,433,000
Cash, cash equivalents and restricted cash – Ending of period 8,779,000 3,312,000
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 8,722,000 3,256,000
Restricted cash (included in other assets) 57,000 56,000
Total cash, cash equivalents and restricted cash 8,779,000 3,312,000
Supplemental Disclosures of Cash Flow Information:    
Purchase of property and equipment in accounts payable 68,000 27,000
Taxes paid 0 0
Public Stock Offering    
Cash Flows From Financing Activities    
Proceeds from sale of equity, net of issuance costs 10,265,000 10,250,000
At The Market Offering    
Cash Flows From Financing Activities    
Proceeds from sale of equity, net of issuance costs $ 1,515,000 $ 450,000