v3.25.3
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,044,000 $ 7,154,000
Accounts receivable 169,000 43,000
Inventory 272,000
Prepaid expenses 350,000 328,000
Other current assets 145,000 303,000
Total current assets 10,980,000 7,828,000
Right-of-use operating asset 213,000 278,000
Property and equipment, net 13,000 12,000
Total assets 11,206,000 8,118,000
Current liabilities:    
Accounts payable 869,000 586,000
Accrued expenses 1,015,000 1,323,000
Total current liabilities 1,884,000 1,909,000
Common stock warrant liability 1,110,000 1,519,000
Operating lease liability, net of current portion 134,000 212,000
Total liabilities 3,128,000 3,640,000
Commitments and contingencies (Note 7)
Convertible preferred stock and stockholders’ equity:    
Convertible preferred stock, $0.0001 par value; 15,000,000 shares authorized; no shares issued and outstanding as of September 30, 2025, and December 31, 2024
Common stock, $0.0001 par value, 250,000,000 shares authorized; 36,649,916 and 24,034,672 shares issued and outstanding as of September 30, 2025, and December 31, 2024, respectively 4,000 2,000
Additional paid-in capital 66,520,000 54,695,000
Accumulated deficit (58,446,000) (50,219,000)
Total convertible preferred stock and stockholders’ equity 8,078,000 4,478,000
Total liabilities, convertible preferred stock and stockholders’ equity $ 11,206,000 $ 8,118,000

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