v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 11,542 $ 5,143
Prepaid expenses 270
Other current assets 27
Total current assets 11,812 5,170
Total assets 11,812 5,170
Current liabilities:    
Accounts payable 683 470
Accrued expenses – related party 73 23
Accrued expenses and other current liabilities 21 21
Total current liabilities 873 605
Total liabilities 873 605
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock: $0.0001 par value, 40,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
Common stock: $0.0001 par value; 560,000,000 shares authorized; 49,845,993 and 47,343,297 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 114,493 104,195
Accumulated deficit (103,559) (99,635)
Total stockholders’ equity 10,939 4,565
Total liabilities and stockholders’ equity 11,812 5,170
Related Party    
Current liabilities:    
Due to related party $ 96 $ 91