Balance Sheet

v3.26.1

Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 9,479	$ 7,024
Accounts receivable	480	139
Prepaid expenses	315	324
Inventory	383	189
Other current assets	153	217
Total current assets	10,810	7,893
Operating lease right-of-use asset	368	190
Property and equipment, net	94	12
Other non current assets	200	0
Total assets	11,472	8,095
Current liabilities:
Accounts payable	866	799
Accrued expenses and other current liabilities	1,018	1,163
Total current liabilities	1,884	1,962
Common stock warrant liability	350	604
Operating lease liability, net of current portion	259	107
Total liabilities	2,493	2,673
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, $0.0001 par value, 250,000,000 shares authorized at June 30, 2026, and December 31, 2025; 45,121,982 and 36,613,916 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	5	4
Additional paid-in capital	76,793	66,805
Accumulated deficit	(67,819)	(61,387)
Total stockholders' equity	8,979	5,422
Total liabilities and stockholders' equity	$ 11,472	$ 8,095

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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