PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2025

4.PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following:


	December 31,
	2025			2024
Upfront research payments	$	2,625,049		$	5,087,692
Accrued interest and other receivables		36,522			78,034
Insurance		238,000			335,976
License fees		62,059			38,255
Deferred financing costs		32,332			—
Other		38,150			47,281
Total prepaid expenses and other current assets	$	3,032,112		$	5,587,238