v3.26.1
CONDENSED UNAUDITED INTERIM STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Collaboration revenue $ 251,147 $ 257,884
Operating expenses:    
Research and development [1] 4,096,580 5,214,076
In-process research and development 10,000  
General and administrative 3,781,977 2,713,890
Depreciation 2,807 6,840
Total operating expenses 7,891,364 7,934,806
Loss from operations (7,640,217) (7,676,922)
Other income:    
Other income 433,227 370,165
Pre-tax loss (7,206,990) (7,306,757)
Net loss $ (7,206,990) $ (7,306,757)
Per share information:    
Net loss per share of common stock, basic $ (0.32) $ (0.44)
Net loss per share of common stock, diluted $ (0.32) $ (0.44)
Weighted-average shares of common stock outstanding, basic 22,644,304 16,720,511
Weighted-average shares of common stock outstanding, diluted 22,644,304 16,720,511
[1] External research and development expenses include: fees paid to CROs, CMOs and research laboratories, process development, manufacturing and clinical development activities. Any internal research and development expenses associated with clinical product candidates are captioned as internal research and development expenses.