Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,825 $ 3,132
Prepaid expenses and other current assets 119 113
Total Assets 1,944 3,245
Current Liabilities:    
Accounts payable and accrued expenses 389 857
Accounts payable and accrued expenses - related party 80 29
Total current liabilities 469 886
Total Liabilities 469 886
Commitments and Contingencies
Stockholders' Equity    
Common Stock ($0.0001 par value), 50,000,000 shares authorized Common shares, 16,748,068 and 16,747,803 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 2 2
Additional paid-in capital 75,739 75,625
Accumulated deficit (74,266) (73,268)
Total Stockholders' Equity 1,475 2,359
Total Liabilities and Stockholders' Equity 1,944 3,245
Class A Preferred Shares    
Stockholders' Equity    
Preferred Stock ($0.0001 par value), 2,000,000 shares authorized Class A Preferred Stock, 250,000 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively $ 0 $ 0