Quarterly report [Sections 13 or 15(d)]

Condensed Balance Sheets (Current Period Unaudited)

v3.26.1
Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 4,230,000 $ 14,390,000
Marketable securities, available-for-sale 7,124,000 0
Accounts receivable 2,625,000 2,453,000
Prepaid expense and other current assets 1,629,000 1,369,000
Total current assets 15,608,000 18,212,000
Investments noncurrent 402,000 0
Property and equipment, net 6,000 8,000
Intangible assets, net 1,623,000 1,785,000
Goodwill 1,864,000 1,864,000
Total assets 19,503,000 21,869,000
Current Liabilities    
Accounts payable and accrued expense 4,338,000 3,614,000
Contract liabilities 471,000 566,000
Total current liabilities 4,809,000 4,180,000
Deferred taxes 147,000 147,000
Warrant liability 4,000 8,000
Total liabilities 4,960,000 4,335,000
Commitments and Contingencies  
Stockholders’ Equity    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; 1,223 and 98,636 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0 0
Common stock, par value $0.001 per share; 750,000,000 shares authorized; 1,466,623 and 1,129,901 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 94,000 94,000
Additional paid-in capital 308,764,000 307,402,000
Accumulated deficit (294,266,000) (289,962,000)
Accumulated other comprehensive income (49,000) 0
Total stockholders’ equity 14,543,000 17,534,000
Total liabilities and stockholders’ equity $ 19,503,000 $ 21,869,000