v3.25.4

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 21,031	$ 5,382
Prepaid expenses and other current assets	445	354
Total current assets	21,476	5,736
Property and equipment, net	11	2
Total assets	21,487	5,738
Current liabilities:
Accounts payable	435	253
Accrued expenses	905	762
Total liabilities	1,340	1,015
Commitments and contingencies
Stockholders' equity:
Series D Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 issued and outstanding at each of December 31, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value, 100,000,000 shares authorized; 11,617,250 and 1,733,717 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	1	0
Additional paid-in capital	175,200	151,079
Accumulated deficit	(155,054)	(146,356)
Total stockholders' equity	20,147	4,723
Total liabilities and stockholders' equity	$ 21,487	$ 5,738

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Phio Pharmaceuticals Corp. 10-K