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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,352,000 $ 2,486,000
Accounts receivable 16,000 231,000
Inventory 16,000 80,000
Prepaid research and development 18,000 90,000
Prepaid expenses and other current assets 427,000 347,000
Total current assets 1,829,000 3,234,000
Property, plant and equipment, net 6,000 11,000
Right-of-use assets, net 195,000 293,000
Long-term prepaid contracts 647,000 904,000
Total assets 2,677,000 4,442,000
Current liabilities:    
Accounts payable 454,000 452,000
Accrued and other current liabilities 532,000 221,000
Deferred revenue 252,000 0
Insurance premium financing payable 183,000 253,000
Operating lease liability 113,000 95,000
Total current liabilities 1,534,000 1,021,000
Operating lease liability, net of current portion 86,000 199,000
Total liabilities 1,620,000 1,220,000
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, par value $0.01 per share, 60,000,000 shares authorized; 17,580,744 and 15,918,979 issued and outstanding at December 31, 2025 and 2024, respectively 176,000 159,000
Additional paid-in capital 107,450,000 102,757,000
Accumulated deficit (106,557,000) (99,688,000)
Accumulated other comprehensive loss (12,000) (6,000)
Total stockholders’ equity 1,057,000 3,222,000
Total liabilities and stockholders’ equity $ 2,677,000 $ 4,442,000