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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,450 $ 2,002
Accounts receivable, net 19 69
Inventory, net 4 319
Prepaid expenses and other current assets 267 249
Total current assets 3,740 2,639
Property and equipment, net 12 119
Deferred offering costs 211 49
Licensed technology 2,243 0
Other assets 23 0
Total assets 6,229 2,807
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 465 125
Other accrued expenses 173 147
Total current liabilities 638 272
Total liabilities 638 272
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 3,984 shares issued and outstanding at September 30, 2025 and no shares issued and outstanding at December 31, 2024 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 1,662,921 and 556,902 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 2 1
Additional paid in capital 55,206 46,075
Accumulated deficit (49,617) (43,541)
Total stockholders’ equity 5,591 2,535
Total liabilities and stockholders’ equity $ 6,229 $ 2,807