Balance Sheet

v3.26.1

Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 7,024	$ 7,154
Accounts receivable	139	43
Prepaid expenses	324	328
Inventory	189	0
Other current assets	217	303
Total current assets	7,893	7,828
Operating lease right-of-use asset	190	278
Property and equipment, net	12	12
Total assets	8,095	8,118
Current liabilities:
Accounts payable	799	586
Accrued expenses and other current liabilities	1,163	1,323
Total current liabilities	1,962	1,909
Common stock warrant liability	604	1,519
Operating lease liability, net of current portion	107	212
Total liabilities	2,673	3,640
Commitments and contingencies
Stockholders' equity:
Convertible preferred stock, $0.0001 par value; 15,000,000 shares authorized as of December 31, 2025 and 2024, respectively; zero shares issued and outstanding at December 31, 2025 and 2024, respectively	0	0
Common stock, $0.0001 par value; 250,000,000 shares authorized at December 31, 2025 and 2024, respectively; 36,613,916 and 24,034,672 shares issued and outstanding at December 31, 2025 and 2024, respectively	4	2
Additional paid-in capital	66,805	54,695
Accumulated deficit	(61,387)	(50,219)
Total Stockholders equity	5,422	4,478
Total liabilities and stockholders equity	$ 8,095	$ 8,118

- 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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