v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating expenses:        
Research and development $ 222 $ 722 $ 2,191 $ 1,549
General and administrative 4,631 20,987 9,213 22,587
Total operating expenses 4,853 21,709 11,404 24,136
Loss from operations (4,853) (21,709) (11,404) (24,136)
Other income (expenses)        
Gain (loss) on change in the fair value of convertible notes 7,351 (3,640) 2,303 (3,950)
Gain on change in fair value of warrant liabilities 2 884 678 884
Loss on disposal of digital assets (295)
Loss on change in fair value of digital assets (28) (28)
Interest expense (including related parties amounts of $4 and $97 for the three months ended September 30, 2026 and 2025, respectively, and $14 and $1,326 for the nine months ended September 30, 2026 and 2025, respectively) (22) (169) (61) (2,496)
Gain on extinguishment of debt 441 1,832
Loss on extinguishment of debt (including related parties amounts of $1,479 for the three and nine months ended September 30, 2026) (7,886) (7,886)
Financing costs, net (3) (1,443) (2,473) (1,443)
Other income 20 15 145 15
Total other expense, net (97) (4,381) (5,757) (7,018)
Net loss $ (4,950) $ (26,090) $ (17,161) $ (31,154)
Net loss per share, basic (in Dollars per share) $ (6.23) $ (6,167.85) $ (58.72) $ (19,630.75)
Net loss per share, diluted (in Dollars per share) $ (6.23) $ (6,167.85) $ (58.72) $ (19,630.75)
Weighted average shares used to compute basic net loss per share (in Shares) 794,920 4,230 292,239 1,587
Weighted-average shares of common stock outstanding, diluted (in Shares) 794,920 4,230 292,239 1,587