v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 20,519,724 $ 10,502,680
Short-term investments 86,871,857 86,089,779
Accrued interest receivable 1,555,061 946,781
Prepaid expenses and other current assets 3,835,400 3,513,384
Total current assets 112,782,042 101,052,624
Deferred issuance cost 0 150,145
Long-term prepaid assets 5,279,709 5,309,345
Long-term investments 110,235,540 46,892,882
Operating lease right-of-use assets 2,885,331 2,603,059
Financing lease right-of-use assets 3,474,306 3,496,012
Property, plant and equipment, net 13,813,570 13,305,902
Total assets 248,470,498 172,809,969
Current liabilities    
Accounts payable 3,544,958 3,145,805
Accrued expenses and other current liabilities 5,386,530 6,583,996
Operating lease liabilities, current portion 763,705 797,402
Finance lease liabilities, current portion 156,958 153,967
Total current liabilities 9,852,151 10,681,170
Operating lease liabilities, noncurrent 2,170,887 1,877,360
Finance lease liabilities, noncurrent 3,081,573 3,121,952
Warrant liabilities 6,117,586 5,635,112
Total liabilities 21,222,197 21,315,594
Commitments and contingencies (Note 15)
Stockholders equity    
Common stock; $0.0001 par value; 800,000,000 shares authorized at March 31, 2026 and December 31, 2025;75,799,241 and 47,664,564 shares issued at March 31, 2026 and December 31, 2025, respectively, and 75,744,576 and 47,609,899 outstanding at March 31, 2026 and December 31, 2025, respectively 7,580 4,766
Treasury stock, at cost; 54,665 shares held at March 31, 2026 and December 31, 2025, respectively (5,521,246) (5,521,246)
Additional paid-in capital 362,748,721 267,719,445
Accumulated other comprehensive income (loss) (222,764) 186,510
Accumulated deficit (129,764,052) (110,895,167)
Total stockholders' equity 227,248,301 151,494,375
Total liabilities and stockholders' equity 248,470,498 172,809,969
Series A Preferred Stock [Member]    
Stockholders equity    
Preferred stock 3 3
Series B Preferred Stock [Member]    
Stockholders equity    
Preferred stock $ 59 $ 64