Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,417 $ 2,855
Prepaid expenses and other current assets 51 76
Total assets 2,468 2,931
Current Liabilities:    
Warrant liability 0 1
Total current liabilities 1,270 1,099
Total liabilities 1,270 1,099
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock 0 0
Common shares, 3,294,967 and 3,183,558 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 107,382 107,321
Accumulated deficit (106,184) (105,489)
Total stockholders’ equity 1,198 1,832
Total liabilities and stockholders’ equity 2,468 2,931
Nonrelated Party [Member]    
Current Liabilities:    
Accounts payable and accrued expenses 515 468
Related Party [Member]    
Current Liabilities:    
Accounts payable and accrued expenses $ 755 $ 630