v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,507,628 $ 5,786,753
Prepaid expenses and other current assets 802,540 831,577
Total current assets 9,310,168 6,618,330
Non-current assets:    
Right-of-use asset 82,175
Other assets - deposits to third parties 638,251
Total non-current assets 720,426
Total assets 9,310,168 7,338,756
Current liabilities:    
Accounts payable and other current liabilities 6,158,575 3,309,717
Operating lease liability, current portion 84,164
Total current liabilities 6,158,575 3,393,881
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock: $0.01 par value, 200,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 2,167,324 shares issued and outstanding as of December 31, 2025 and 428,799 shares issued and outstanding as of December 31, 2024 [1] 21,674 4,288
Preferred stock: $0.01 par value, 5,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 1,000,000 shares issued and outstanding as of December 31, 2025 and no shares issued and outstanding as of December 31, 2024 10,000
Additional paid in capital [1] 84,408,018 64,379,770
Accumulated deficit (81,288,099) (60,439,183)
Total stockholders’ equity 3,151,593 3,944,875
Total liabilities and stockholders’ equity $ 9,310,168 $ 7,338,756
[1] Retroactively restated for one-for-twenty-eight share reverse stock split effected on June 27, 2025.