v3.26.1
Condensed Statements of Stockholders’ (Deficit) Equity (Unaudited) - USD ($)
$ in Thousands
Series A Convertible Preferred Stock
Series B Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2024 $ 3,300 $ 452 $ 70,965 $ (68,746) $ 5,971
Balance (in Shares) at Dec. 31, 2024 256,968 86,454 89,680      
Stock-based compensation expense 1,289 1,289
Release of restricted stock units
Release of restricted stock units (in Shares)     77      
Issuance of common stock, pre-funded warrants and warrants under inducement agreement, net of issuance costs 2,735 2,735
Issuance of common stock, pre-funded warrants and warrants under inducement agreement, net of issuance costs (in Shares)     69,877      
Issuance of common stock, pre-funded warrants, and warrants, net of issuance costs 3,524 3,524
Issuance of common stock, pre-funded warrants, and warrants, net of issuance costs (in Shares)     57,286      
Deferred financing costs (421) (421)
Net loss (6,385) (6,385)
Balance at Jun. 30, 2025 $ 3,300 $ 452 78,092 (75,131) 6,713
Balance (in Shares) at Jun. 30, 2025 256,968 86,454 216,920      
Balance at Mar. 31, 2025 $ 3,300 $ 452 77,986 (72,362) 9,376
Balance (in Shares) at Mar. 31, 2025 256,968 86,454 216,856      
Stock-based compensation expense 417 417
Release of restricted stock units
Release of restricted stock units (in Shares)     64      
Deferred deal costs (311) (311)
Net loss (2,769) (2,769)
Balance at Jun. 30, 2025 $ 3,300 $ 452 78,092 (75,131) 6,713
Balance (in Shares) at Jun. 30, 2025 256,968 86,454 216,920      
Balance at Dec. 31, 2025 $ 2,622 $ 452 83,268 (81,302) 5,040
Balance (in Shares) at Dec. 31, 2025 204,159 86,454 310,036      
Stock-based compensation expense 743 743
Release of restricted stock units
Release of restricted stock units (in Shares)     12,742      
Issuance of common stock to SiVantage upon completion of milestone
Issuance of common stock to SiVantage upon completion of milestone (in Shares)     7,892      
Net loss (7,526) (7,526)
Balance at Jun. 30, 2026 $ 2,622 $ 452 84,011 (88,828) (1,743)
Balance (in Shares) at Jun. 30, 2026 204,159 86,454 330,670      
Balance at Mar. 31, 2026 $ 2,622 $ 452 83,599 (84,778) 1,895
Balance (in Shares) at Mar. 31, 2026 204,159 86,454 322,754      
Stock-based compensation expense 412 412
Release of restricted stock units
Release of restricted stock units (in Shares)     24      
Issuance of common stock to SiVantage upon completion of milestone
Issuance of common stock to SiVantage upon completion of milestone (in Shares)     7,892      
Net loss (4,050) (4,050)
Balance at Jun. 30, 2026 $ 2,622 $ 452 $ 84,011 $ (88,828) $ (1,743)
Balance (in Shares) at Jun. 30, 2026 204,159 86,454 330,670