v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 93,928,566 $ 17,681,954
Short-term investments 6,480,860
Tax receivable 1,974,370
Prepaid expenses and other current assets 828,329 541,510
Total current assets 101,237,755 20,197,834
Other assets 20,418 20,418
Deferred offering costs 93,630
Right-of-use asset, net 966,917 989,471
Property and equipment, net 2,521,621 1,740,149
Total assets 104,840,341 22,947,872
Current liabilities:    
Accounts payable and accrued expenses 9,971,207 8,621,899
Operating lease liabilities - current 139,339 65,219
Total current liabilities 10,110,546 8,687,118
Operating lease liabilities - long term 933,625 1,009,551
Total liabilities 11,044,171 9,696,669
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding  
Common stock, $0.0001 par value; 200,000,000 shares authorized; 53,023,466 shares issued and 52,951,103 shares outstanding at December 31, 2025, and 27,612,383 shares issued and 27,540,020 shares outstanding at December 31, 2024 5,301 2,762
Additional paid-in capital 198,293,956 88,374,131
Accumulated other comprehensive income 60,160 (1,056)
Accumulated deficit (104,463,284) (75,024,671)
Treasury stock at cost, 72,363 shares as of December 31, 2025, and 2024 (99,963) (99,963)
Total stockholders’ equity 93,796,170 13,251,203
Total liabilities and stockholders’ equity $ 104,840,341 $ 22,947,872