v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,168 $ 4,088
Restricted cash 700
Prepaid expenses and other current assets 371 41
Total current assets 3,239 4,129
Long-term restricted cash 7 10
Total assets 3,246 4,139
Current liabilities:    
Accounts payable 529 272
Accrued expenses and other current liabilities 160 57
Total current liabilities 689 329
Total liabilities 689 329
Commitments and contingencies (Note 9)  
Stockholders’ equity:    
Preferred stock, $0.0001 par value — 500,000 shares authorized; 6,746 shares designated Series A Convertible Preferred Stock: no shares issued and outstanding at June 30, 2026 and December 31, 2025;1,100 shares designated Series B Convertible Preferred Stock: 1,000 shares issued and outstanding at June 30, 2026, and no shares issued and outstanding at December 31, 2025 966
Common stock, $0.0001 par value — 200,000,000 shares authorized; 3,652,285 shares issued and outstanding at June 30, 2026, and December 31, 2025
Additional paid-in capital 306,117 306,128
Accumulated deficit (304,526) (302,318)
Total stockholders’ equity 2,557 3,810
Total liabilities and stockholders’ equity $ 3,246 $ 4,139