v3.26.1
BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 46,822,786 $ 38,339,762
Prepaids and other current assets 3,116,232 5,968,666
Total current assets 49,939,018 44,308,428
Fixed assets, net 11,227 38,588
Total assets 49,950,245 44,347,016
Current liabilities:    
Accounts payable 1,061,122 1,588,128
Accrued expenses 3,612,913 1,388,060
Deferred collaboration revenue 1,197,856 848,286
Total current liabilities 5,871,891 3,824,474
Deferred collaboration revenue 1,050,124 945,447
Total liabilities 6,922,015 4,769,921
Commitments and contingencies (Note 6)
Stockholders' equity:    
Series A convertible preferred stock, $0.0001 par value: 10,000,000 shares authorized, none issued and outstanding as of December 31, 2025 and 2024
Common stock, $0.0001 par value; 200,000,000 shares authorized; 20,934,456 and 16,707,441 shares issued and outstanding as of December 31, 2025 and 2024, respectively 2,094 1,671
Additional paid-in capital 104,989,413 80,312,594
Accumulated deficit (61,963,277) (40,737,170)
Total stockholders' equity 43,028,230 39,577,095
Total liabilities and stockholders' equity $ 49,950,245 $ 44,347,016