v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 4,422,838 $ 7,511,079
Marketable securities 5,696,386 16,501,984
Prepaid expenses & other current assets 683,948 1,234,566
Total current assets 10,803,172 25,247,629
Property and equipment, net 31,875 47,440
Operating lease right-of-use assets 75,595 239,985
Deferred offering costs 88,431
Other assets 36,738 36,738
TOTAL ASSETS 11,035,811 25,571,792
CURRENT LIABILITIES    
Accounts payable and accrued expenses 4,423,048 4,140,361
Operating lease liabilities, current 78,539 190,814
Total current liabilities 4,501,587 4,331,175
Operating lease liabilities, net of current portion 52,843
TOTAL LIABILITIES 4,501,587 4,384,018
COMMITMENTS AND CONTINGENCIES (NOTE 4)
STOCKHOLDERS’ EQUITY    
Preferred Stock (1,000,000 authorized at December 31, 2025 and December 31, 2024; $.0001 par value) (Zero shares issued and outstanding at December 31, 2025 and December 31, 2024)
Common Stock (25,000,000 authorized at December 31, 2025 and December 31, 2024; $.0001 par value) (11,254,697 shares issued and outstanding at December 31, 2025; 10,784,725 shares issued and outstanding at December 31, 2024) 1,125 1,078
Additional paid-in capital 99,652,724 97,058,323
Accumulated other comprehensive income 25,430 153,990
Accumulated deficit (93,145,055) (76,025,617)
Total stockholders’ equity 6,534,224 21,187,774
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,035,811 $ 25,571,792