v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 50,724,643 $ 46,822,786
Prepaids and other current assets 2,538,036 3,116,232
Total current assets 53,262,679 49,939,018
Fixed assets, net 8,420 11,227
Total assets 53,271,099 49,950,245
Current liabilities:    
Accounts payable 948,192 1,061,122
Accrued expenses 1,355,714 3,612,913
Deferred collaboration revenue 1,242,635 1,197,856
Total current liabilities 3,546,541 5,871,891
Deferred collaboration revenue 754,198 1,050,124
Total liabilities 4,300,739 6,922,015
Commitments and contingencies (Note 6)
Stockholders' equity:    
Series A convertible preferred stock, $0.0001 par value: 10,000,000 shares authorized, none issued or outstanding as of March 31, 2026 or December 31, 2025
Common stock, $0.0001 par value; 200,000,000 shares authorized; 23,457,183 and 20,934,456 shares issued and outstanding as of March 31, 2026 or December 31, 2025, respectively 2,346 2,094
Additional paid-in capital 118,138,281 104,989,413
Accumulated deficit (69,170,267) (61,963,277)
Total stockholders' equity 48,970,360 43,028,230
Total liabilities and stockholders' equity $ 53,271,099 $ 49,950,245