v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses:        
Research and development $ 823 $ 393 $ 1,969 $ 827
General and administrative 1,722 610 4,582 1,600
Total operating expenses 2,545 1,003 6,551 2,427
Loss from operations (2,545) (1,003) (6,551) (2,427)
Other income (expenses)        
Loss on change in the fair value of convertible notes (4,251) (153) (5,048) (309)
Gain on change in fair value of warrant liabilities 418 676
Loss on disposal of digital assets (295)
Interest expense (including related parties amounts of $5 and $533 for the three months ended June 30, 2026 and 2025, and $10 and $1,142 for the six months ended June 30, 2026 and 2025, respectively) (21) (1,193) (39) (2,328)
Gain on extinguishment of PPP loan 1,391
Financing costs (2,410) (2,470)
Other income 54 1 125
Total other expense, net (6,210) (1,345) (5,660) (2,637)
Net loss $ (8,755) $ (2,348) $ (12,211) $ (5,064)
Net loss per share, basic (in Dollars per share) $ (151.8) $ (9,100.78) $ (326.74) $ (19,627.91)
Net loss per share, diluted (in Dollars per share) $ (151.8) $ (9,100.78) $ (326.74) $ (19,627.91)
Weighted average shares used to compute basic net loss per share (in Shares) 57,676 258 37,372 258
Weighted average shares used to compute diluted net loss per share (in Shares) 57,676 258 37,372 258