Quarterly report [Sections 13 or 15(d)]

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 1,945 $ 2,831
Related party receivable 81 62
Prepaid expenses and other current assets 130 30
Total current assets 2,156 2,923
Total assets 2,156 2,923
Current liabilities:    
Accounts payable 194 202
Other accrued liabilities 85 281
Total current liabilities 279 483
Total liabilities 279 483
Stockholders’ equity:    
Preferred stock, at amounts paid in, $0.001 par value per share; 5,000,000 shares authorized, 950,000 shares issued and outstanding at March 31, 2025 and December 31, 2024. 1 1
Common stock, at amounts paid in, $0.001 par value per share; 225,000,000 shares authorized, 914,234 shares issued and outstanding at March 31, 2025 and December 31, 2024. 1 1
Additional paid-in capital 398,974 398,974
Accumulated deficit (397,099) (396,536)
Total stockholders’ equity 1,877 2,440
Total liabilities and stockholders’ equity $ 2,156 $ 2,923