General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.24.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,230 $ 2,143
Other receivables 86 84
Prepaid expenses 1,349 28
Total current assets 2,665 2,255
Non current assets    
Prepaid expenses 1,465 0
Equipment, net 72 0
Intangible assets, net 1,109 386
Total non current assets 2,646 386
TOTAL ASSETS 5,311 2,641
Current liabilities    
Accrued liabilities   1,902
Total current liabilities 2,535 2,532
TOTAL LIABILITIES 2,535 2,532
COMMITMENTS AND CONTINGENCIES (Note 10)
SHAREHOLDERS’ EQUITY (DEFICIT)    
Preferred shares, $0.00001 par value: 30,000,000 shares authorized at December 31, 2023 and 2022; 16,116,957 and no shares issued and outstanding at December 31, 2023 and 2022, respectively 0 0
Common shares, $0.00001 par value: 2,470,000,000 shares authorized at December 31, 2023 and 2022; 35,369,877 and 2,552,744 issued and outstanding at December 31, 2023 and 2022, respectively 1 0
Additional paid-in capital 86,074 76,733
Accumulated deficit (83,299) (76,624)
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) 2,776 109
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 5,311 2,641
Nonrelated Party [Member]    
Current liabilities    
Related party payable 1,382 630
Related Party [Member]    
Current liabilities    
Related party payable   175
Accrued liabilities $ 1,153 $ 1,902