Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 600 $ 2,338
Prepaid expenses and other current assets 95 219
Total Current Assets 695 2,557
Operating lease right-of-use assets 64 99
Intangible asset 2,039 2,039
Other assets 3 3
TOTAL ASSETS 2,801 4,698
Current Liabilities    
Accounts payable and accrued liabilities 3,035 1,676
Due to related parties 345 61
Operating lease liabilities - current portion 40 35
Accrued interest - convertible notes 11 0
Accrued interest - convertible notes - related party 4 0
Convertible notes 437 0
Convertible notes - related party 172 0
Total Current Liabilities 4,044 1,772
Operating lease liabilities 29 69
TOTAL LIABILITIES 4,073 1,841
STOCKHOLDERS' EQUITY    
Preferred Stock, par value $0.001, 69,444 shares authorized, 0 shares issued and outstanding as of December 31, 2025, and 2024 0 0
Common Stock, par value $0.001, 500,000,000 shares authorized and 2,018,746 and 567,582 shares issued and outstanding as of December 31, 2025, and 2024, respectively 2 1
Additional paid-in capital 62,013 53,194
Accumulated deficit (63,015) (50,136)
Accumulated other comprehensive loss (272) (202)
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY (1,272) 2,857
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY $ 2,801 $ 4,698