v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 351 $ 1,352
Accounts receivable 9 16
Inventory 0 16
Prepaid research and development 83 18
Prepaid expenses and other current assets 346 427
Total current assets 789 1,829
Property, plant and equipment, net 4 6
Right-of-use assets, net 141 195
Long-term prepaid contracts 751 647
Total assets 1,685 2,677
Current liabilities:    
Accounts payable 757 454
Accrued and other current liabilities 1,013 532
Deferred revenue 603 252
Insurance premium financing payable 46 183
Convertible debt – related party 500 0
Operating lease liability 123 113
Total current liabilities 3,042 1,534
Operating lease liability, net of current portion 22 86
Total liabilities 3,064 1,620
Commitments and contingencies (Note 6)
Stockholders’ (deficit) equity:    
Common stock, par value $0.01 per share, 60,000,000 shares authorized; 17,580,744 shares issued and outstanding at each of June 30, 2026 and December 31, 2025 176 176
Additional paid-in capital 108,305 107,450
Accumulated deficit (109,853) (106,557)
Accumulated other comprehensive loss (7) (12)
Total stockholders’ (deficit) equity (1,379) 1,057
Total liabilities and stockholders’ (deficit) equity $ 1,685 $ 2,677