CONDENSED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,938	$ 1,091
Receivables	0	5
Prepaid expenses and other current assets, current	747	1,659
Total current assets	2,685	2,755
Property and equipment, net	97
Prepaid expenses and other assets, non current	942	0
Total assets	3,724	2,755
Current liabilities:
Accounts payable	843	516
Accrued expenses	78	176
Total current liabilities	921	692
Total liabilities	921	692
Commitments and contingencies (Note 5)
Stockholders' equity
Common stock $0.001 par value; 50,000,000 shares authorized, 2,205,846 and 1,601,252 shares issued and outstanding at September 30, 2025 and at December 31, 2024, respectively	2	2
Additional paid-in capital	926,530	922,507
Accumulated deficit	(923,729)	(920,446)
Total stockholders' equity	2,803	2,063
Total liabilities and stockholders' equity	3,724	2,755
Series A-1 Preferred Stock
Stockholders' equity
Preferred stock value	0	0
Series A-2 Preferred Stock
Stockholders' equity
Preferred stock value	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).