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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 5,575 $ 1,272
Vendor advances, net 1,057 2,859
Prepaid expenses and other current assets 24 38
Total Current Assets 6,656 4,169
Deferred offering costs 1,308 1,377
Intangible assets, net 102 222
Total Other Assets 1,410 1,599
TOTAL ASSETS 8,066 5,768
Current Liabilities    
Accounts payable and accrued expenses 402 992
Total Current Liabilities 402 992
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $0.001, 20,000,000 shares authorized; no shares issued and outstanding, respectively;
Common stock, par value $0.001, 100,000,000 shares authorized; 20,821,353 and 13,736,597 shares issued and outstanding, respectively 21 14
Additional paid-in capital 20,540 13,577
Accumulated deficit (12,897) (8,815)
Total Shareholders’ Equity 7,664 4,776
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 8,066 $ 5,768