Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 5,016,000	$ 3,820,000
Tax incentive and other receivables	3,454,000	3,794,000
Prepaid expenses and other assets	553,000	365,000
Total current assets	9,023,000	7,979,000
Property and equipment, net	5,000	7,000
Intangible assets, net	2,441,000	2,527,000
Other assets	1,000	104,000
Total assets	11,470,000	10,617,000
Current liabilities:
Accounts payable	6,334,000	5,653,000
Accrued expenses and other liabilities	3,401,000	5,493,000
Total current liabilities	9,735,000	11,146,000
Warrant liabilities	44,000	100,000
Total liabilities	9,779,000	11,246,000
Commitments and contingencies (Note 5)
Stockholders' deficit:
Series C Preferred stock, $0.01 par value, 5,000,000 shares authorized, 7,440 shares issued and 6,737 shares outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.01 par value, 250,000,000 shares authorized, 15,264,812 and 9,067,774 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	152,000	90,000
Additional paid-in capital	651,689,000	639,259,000
Accumulated deficit	(650,145,000)	(639,984,000)
Accumulated other comprehensive (loss) income	(5,000)	6,000
Total stockholders' equity (deficit)	1,691,000	(629,000)
Total liabilities and stockholders' equity (deficit)	$ 11,470,000	$ 10,617,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).