Quarterly report [Sections 13 or 15(d)]

Condensed Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,833,000) $ (776,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 46,000 3,000
Change in fair value of warrant liability (11,000) (126,000)
Changes in operating assets and liabilities:    
(Increase) Decrease in prepaid expenses 222,000 (12,000)
Increase (Decrease) in accounts payable and accrued expenses 108,000 (1,291,000)
Net Cash Used in Operating Activities (2,468,000) (2,202,000)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES    
Exercise of warrants for cash, net 577,000 616,000
Proceeds from issuance of Series L convertible preferred stock and warrants, net 4,003,000
Net Cash Provided by Financing Activities 4,580,000 616,000
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash 2,112,000 (1,586,000)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period 6,905,000 4,044,000
Cash and Cash Equivalents and Restricted Cash at End of Period 9,017,000 2,458,000
Cash paid during the period for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of prefunded warrant and common stock to settle vendor payable $ 847,000