Quarterly report [Sections 13 or 15(d)]

Balance Sheets

v3.26.3
Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 14,276 $ 17,266
Other receivables 217 217
Prepaid expenses and other current assets 190 110
Total Assets 14,683 17,593
Current Liabilities:    
Accounts payable and accrued expenses 5,416 5,411
Payables and accrued expenses - related party $ 2,531 $ 2,503
Other Liability, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Total current liabilities $ 7,947 $ 7,914
Deferred income 150 150
Total Liabilities 8,097 8,064
Commitments and Contingencies (Note 8)
Stockholders' Equity    
Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 shares of Class A preferred stock issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 0 0
Common stock issuable, zero and 278,385 shares as of September 30, 2026 and December 31, 2025, respectively 0 273
Additional paid-in capital 408,220 407,899
Accumulated deficit (401,635) (398,644)
Total Stockholders' Equity 6,586 9,529
Total Liabilities and Stockholders' Equity 14,683 17,593
Class A common shares    
Stockholders' Equity    
Common stock 0 0
Common shares    
Stockholders' Equity    
Common stock $ 1 $ 1