v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,039,343 $ 9,719,310
Grants receivable 517,359 737,282
Prepaid expenses and other current assets 382,886 363,790
Total current assets 3,939,588 10,820,382
Property and equipment, net 764,401 882,445
Operating lease right-of-use asset, net 1,053,641 1,331,577
Finance lease right-of-use asset, net 108,682
Tax receivable 105,205
Total assets 5,971,517 13,034,404
LIABILITIES AND EQUITY    
Accounts payable 1,235,337 924,252
Due to affiliates 5,330 178,966
Operating lease liabilities – Current 281,979 230,027
Finance lease liabilities – Current 44,255
Total current Liabilities 1,566,901 1,333,245
Deferred grant reimbursement 90,365 123,579
Operating lease liabilities - Long term 852,575 1,156,805
Finance lease liabilities - Long term 64,427
Total liabilities 2,574,268 2,613,629
Stockholders’ Equity:    
Preferred stock, $0.000001 par value, 5,000,000 shares authorized; no shares issued and outstanding on December 31, 2025, and December 31, 2024, respectively.
Common shares, 100,000,000 authorized shares at $0.000001; 8,406,681 and 8,367,810 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively 8 8
Additional Paid-in-capital 24,501,933 22,366,725
Accumulated (deficit) (21,104,692) (11,945,958)
Total stockholders’ equity 3,397,249 10,420,775
Total liabilities and stockholders’ equity (deficit) $ 5,971,517 $ 13,034,404