Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 10,273 $ 600
Prepaid expenses and other current assets 148 95
Total Current Assets 10,421 695
Operating lease right-of-use assets 55 64
Intangible asset 2,039 2,039
Other assets 3 3
TOTAL ASSETS 12,518 2,801
Current Liabilities    
Accounts payable and accrued liabilities 4,041 3,035
Due to related parties 468 345
Operating lease liabilities - current portion 41 40
Accrued interest - convertible notes 26 11
Accrued interest - convertible notes - related party 10 4
Convertible notes 470 437
Convertible notes - related party 190 172
Derivative liability 582 0
Total Current Liabilities 5,828 4,044
Operating lease liabilities 18 29
TOTAL LIABILITIES 5,846 4,073
STOCKHOLDERS' EQUITY    
Preferred Stock, par value $0.001, 23,148 shares authorized, 0 shares issued and outstanding as of March 31, 2026, and December 31, 2025 0 0
Common Stock, par value $0.001, 166,666,667 shares authorized and 876,032 and 673,008 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively 1 1
Additional paid-in capital 72,890 62,014
Accumulated deficit (65,973) (63,015)
Accumulated other comprehensive loss (246) (272)
TOTAL STOCKHOLDERS' EQUITY(DEFICIT) 6,672 (1,272)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,518 $ 2,801