Management’s Liquidity Plan |
9 Months Ended |
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Sep. 30, 2026 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Management’s Liquidity Plan | Note 2 – Management’s Liquidity Plan
As of September 30, 2026, the Company had a cash and investment balance of $18.5 million and working capital of $16.4 million. Although the Company expects to continue incurring losses for the foreseeable future and will need to raise additional capital to sustain its operations, pursue its product development initiatives and penetrate markets for the sale of its products, management believes that the Company’s capital resources are sufficient to meet its obligations as they become due within one year after the date of this Quarterly Report, and sustain operations. The timing and extent of pursuing its product development initiatives and penetrating markets for the sale of its products are subject to management’s decisions regarding discretionary spending. This discretion relates to the incremental spending, rather than all operating costs.
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