v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 46,466,202 $ 14,599,347
Prepaid expenses and other current assets 779,238 961,899
Total current assets 47,245,440 15,561,246
Property and equipment, net 54,379 59,807
Restricted cash 41,406 41,186
Other noncurrent assets 271,162 271,162
Total assets 47,612,387 15,933,401
Current liabilities:    
Accounts payable 2,940,756 713,668
Accrued expenses 2,355,890 2,050,690
Total current liabilities 5,296,646 2,764,358
Commitments and contingencies (Note 7)
Stockholders' equity:    
Common stock, $0.001 par value, 400,000,000 shares authorized, 11,982,776 and 8,192,538 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 11,983 8,192
Additional paid-in capital 389,631,454 356,709,645
Subscription receivable (499,999)  
Accumulated other comprehensive loss (10,625,700) (10,634,714)
Accumulated deficit (336,929,358) (333,641,441)
Total stockholders' equity 41,588,380 12,441,682
Total liabilities and stockholders' equity 47,612,387 15,933,401
Series A Convertible Preferred Stock    
Convertible preferred stock:    
Series A convertible preferred stock, $0.001 par value, 40,000,000 shares authorized; 31,194 shares issued and outstanding at March 31, 2026 and December 31, 2025 $ 727,361 $ 727,361