v3.26.1
Restatement of Interim Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2025
Restatement of Interim Financial Information (Unaudited)  
Schedule of quarterly financial Data (Unaudited)

Consolidated Balance Sheet – As of June 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

SAFE Notes subscription receivable

$

$

33,000

$

33,000

Total assets

$

4,926,231

$

33,000

$

4,959,231

Liabilities

SAFE Notes

$

20,463,632

$

(4,917,505)

$

15,546,127

Total liabilities

$

20,564,519

$

(4,917,505)

$

15,647,014

Total stockholders’ deficit

$

(15,638,288)

$

4,950,505

$

(10,687,783)

Consolidated Balance Sheet – As of September 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

SAFE Notes subscription receivable

$

$

28,000

$

28,000

Total assets

$

30,524,544

$

28,000

$

30,552,544

Liabilities

SAFE Notes

$

$

$

Total liabilities

$

605,325

$

138,977

$

744,302

Total stockholders’ equity

$

29,919,219

$

(110,977)

$

29,808,242

Consolidated Statement of Operations – For the six months ended June 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Operating expenses:

General and administrative expenses

$

752,535

$

892,601

$

1,645,136

Research and development expenses

$

135,930

$

77,832

$

213,762

Other non-operating income (expense):

 

  ​

 

  ​

 

  ​

Change in fair value of SAFE notes

$

(1,251,721)

$

1,409,741

$

158,020

Net loss

$

(2,129,151)

$

439,308

$

(1,689,843)

Basic and diluted weighted average shares outstanding of common stock

 

658,569

 

4,826,068

 

5,484,637

Basic and diluted net loss per share of common stock

$

(3.23)

$

2.92

$

(0.31)

Consolidated Statement of Operations – For the three months ended September 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Operating expenses:

 

  ​

 

  ​

 

  ​

General and administrative expenses

$

486,151

$

101,016

$

587,167

Research and development expenses

$

219,478

$

(72,754)

$

146,724

Other non-operating income (expense):

 

  ​

 

  ​

 

  ​

Change in fair value of SAFE notes

$

(1,248,279)

$

752,928

$

(495,351)

Net loss

$

(1,944,963)

$

724,667

$

(1,220,296)

Basic and diluted weighted average shares outstanding of common stock

 

16,182,268

 

(2,992,451)

 

13,189,817

Basic and diluted net loss per share of common stock

$

(0.12)

$

0.03

$

(0.09)

Consolidated Statement of Operations – For the nine months ended September 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Operating expenses:

General and administrative expenses

$

1,238,686

$

993,617

$

2,232,303

Research and development expenses

$

355,408

$

5,078

$

360,486

Other non-operating income (expense):

 

  ​

 

  ​

 

  ​

Change in fair value of SAFE notes

$

(2,500,000)

$

2,162,669

$

(337,331)

Net loss

$

(4,074,114)

$

1,163,975

$

(2,910,139)

Basic and diluted weighted average shares outstanding of common stock

 

13,006,041

 

(4,329,737)

 

8,676,304

Basic and diluted net loss per share of common stock

$

(0.31)

$

(0.02)

$

(0.33)

Consolidated Statement of Operations – For the six months ended June 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Operating expenses:

General and administrative expenses

$

2,718,780

$

(450,018)

$

2,268,762

Research and development expenses

$

780,517

$

769,258

$

1,549,775

Other non-operating income (expense):

 

  ​

 

  ​

 

  ​

Change in fair value of SAFE notes

$

(3,638,167)

$

519,225

$

(3,118,942)

Net loss

$

(7,136,460)

$

199,985

$

(6,936,475)

Basic and diluted weighted average shares outstanding of common stock

 

16,237,748

 

(2,180,399)

 

14,057,349

Basic and diluted net loss per share of common stock

$

(0.44)

$

(0.05)

$

(0.49)

Consolidated Statement of Operations – For the three months ended September 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Operating expenses:

 

  ​

 

  ​

 

  ​

General and administrative expenses

$

6,700,416

$

93,626

$

6,794,042

Research and development expenses

$

2,104,021

$

(183,649)

$

1,920,372

Other non-operating income (expense):

 

  ​

 

  ​

 

  ​

Change in fair value of SAFE notes

$

(31,601,632)

$

(5,113,475)

$

(36,715,107)

Net loss

$

(40,390,883)

$

(5,023,452)

$

(45,414,335)

Basic and diluted weighted average shares outstanding of common stock

 

31,316,149

 

(7,881,883)

 

23,434,266

Basic and diluted net loss per share of common stock

$

(1.29)

$

(0.65)

$

(1.94)

Consolidated Statement of Operations – For the nine months ended September 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Operating expenses:

 

  ​

 

  ​

 

  ​

General and administrative expenses

$

9,419,196

$

(356,392)

$

9,062,804

Research and development expenses

$

2,884,538

$

585,609

$

3,470,147

Other non-operating income (expense):

 

  ​

 

  ​

 

  ​

Change in fair value of SAFE notes

$

(35,239,799)

$

(4,594,250)

$

(39,834,049)

Net loss

$

(47,527,343)

$

(4,823,467)

$

(52,350,810)

Basic and diluted weighted average shares outstanding of common stock

 

21,282,445

 

(3,891,242)

 

17,391,203

Basic and diluted net loss per share of common stock

$

(2.23)

$

(0.78)

$

(3.01)

Consolidated Statement of stockholders’ equity (deficit) for six months ended June 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Balance at December 31, 2023

$

(630,192)

$

1,090,453

$

460,261

Stock-based compensation

 

140,730

 

965,135

 

1,105,865

Net loss

 

(2,129,151)

 

439,308

 

(1,689,843)

Balance at June 30, 2024

$

(2,618,613)

$

2,494,896

$

(123,717)

Consolidated Statement of stockholders’ equity (deficit) for nine months ended September 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Balance at December 31, 2023

$

(630,192)

$

1,090,453

$

460,261

Stock-based compensation

 

145,273

 

993,302

 

1,138,575

Net loss

 

(4,074,114)

 

1,163,975

 

(2,910,139)

Balance at September 30, 2024

$

(4,559,033)

$

3,247,730

$

(1,311,303)

Consolidated Statement of stockholders’ equity (deficit) for three months ended September 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Balance at June 30, 2024

$

(2,618,613)

$

2,494,896

$

(123,717)

Stock-based compensation

 

4,543

 

28,167

 

32,710

Net loss

 

(1,944,963)

 

724,667

 

(1,220,296)

Balance at September 30, 2024

$

(4,559,033)

$

3,247,730

$

(1,311,303)

Consolidated Statement of stockholders’ equity (deficit) for six months ended June 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Balance at December 31, 2024

$

(8,513,101)

$

4,431,280

$

(4,081,821)

Stock-based compensation

 

11,273

 

216,400

 

227,673

Net loss

 

(7,136,460)

 

199,985

 

(6,936,475)

Balance at June 30, 2025

$

(15,638,288)

$

4,847,665

$

(10,790,623)

Consolidated Statement of stockholders’ equity (deficit) for nine months ended September 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Balance at December 31, 2024

$

(8,513,101)

$

4,431,280

$

(4,081,821)

Stock-based compensation

 

5,567,153

 

97,296

 

5,664,449

Issuance of Common Stock upon conversion of SAFE Notes

 

53,328,419

 

182,815

 

53,511,234

Net loss

 

(47,527,343)

 

(4,823,467)

 

(52,350,810)

Balance at September 30, 2025

$

29,919,219

$

(110,977)

$

29,808,242

Consolidated Statement of stockholders’ equity (deficit) for three months ended September 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Balance at June 30, 2025

$

(15,638,288)

$

4,848,486

$

(10,789,802)

Stock-based compensation

 

5,555,880

 

(119,104)

 

5,436,776

Issuance of Common Stock upon conversion of SAFE Notes

 

53,328,419

 

182,815

 

53,511,234

Net loss

 

(40,390,883)

 

(5,023,451)

 

(45,414,334)

Balance at September 30, 2025

$

29,919,219

$

(110,977)

$

29,808,242

Consolidated Statement of cash flows for the six months ended June 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Cash flows from operating activities:

Net loss

$

(2,129,151)

$

439,308

$

(1,689,843)

Change in fair value of SAFE Notes

 

1,251,721

 

(1,409,741)

 

(158,020)

Stock-based compensation

 

135,432

 

970,433

 

1,105,865

Consolidated Statement of cash flows for the nine months ended September 30, 2024

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Cash flows from operating activities:

Net loss

$

(4,074,114)

$

1,163,975

$

(2,910,139)

Change in fair value of SAFE Notes

 

2,500,000

 

(2,004,649)

 

495,351

Stock-based compensation

 

139,880

 

998,695

 

1,138,575

Consolidated Statement of cash flows for the six months ended June 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Cash flows from operating activities:

 

  ​

 

  ​

 

  ​

Net loss

$

(7,136,460)

$

199,985

$

(6,936,475)

Change in fair value of SAFE Notes

 

3,638,167

 

(519,225)

 

3,118,942

Stock-based compensation

 

10,452

 

217,221

 

227,673

Consolidated Statement of cash flows for the nine months ended September 30, 2025

  ​ ​ ​

As Previously Reported

  ​ ​ ​

Adjustment

  ​ ​ ​

As Restated

Cash flows from operating activities:

Net loss

$

(47,527,343)

$

(4,823,467)

$

(52,350,810)

Change in fair value of SAFE Notes

 

35,239,799

 

4,594,250

 

39,834,049

Stock-based compensation

 

5,567,153

 

97,296

 

5,664,449