Quarterly report [Sections 13 or 15(d)]

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 2,803 $ 2,831
Related party receivable 143 62
Prepaid expenses and other current assets 105 30
Total current assets 3,051 2,923
Total assets 3,051 2,923
Current liabilities:    
Accounts payable 219 202
Other accrued liabilities 44 281
Total current liabilities 263 483
Total liabilities 263 483
Stockholders’ equity:    
Preferred stock, at amounts paid in, $0.001 par value per share; 5,000,000 shares authorized, 890,345 and 950,000 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively. 1 1
Common stock, at amounts paid in, $0.001 par value per share; 225,000,000 shares authorized, 1,330,234 and 914,234 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively. 1 1
Additional paid-in capital 400,574 398,974
Accumulated deficit (397,788) (396,536)
Total stockholders’ equity 2,788 2,440
Total liabilities and stockholders’ equity $ 3,051 $ 2,923