CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 105,421,484	$ 287,847,312
Marketable securities	173,188,430	30,281,603
Receivables	0	59,167
Prepaid expenses and other current assets	4,478,895	4,751,674
TOTAL CURRENT ASSETS	283,088,809	322,939,756
PROPERTY AND EQUIPMENT, net	28,502,617	18,312,238
OTHER ASSETS
Lease right-of-use assets, net	13,158,500	13,537,820
Other assets	1,533,591	1,159,480
TOTAL ASSETS	326,283,517	355,949,294
CURRENT LIABILITIES
Accounts payable	3,927,941	1,654,754
Accrued expenses	10,528,351	15,557,646
Lease liabilities, current	841,135	202,376
CIRM liability, current	6,339,862	6,421,984
Deferred revenue, current	12,000,000	12,000,000
TOTAL CURRENT LIABILITIES	33,637,289	35,836,760
LONG-TERM LIABILITIES
Lease liabilities, net of current	13,943,595	14,320,389
TOTAL LONG-TERM LIABILITIES	13,943,595	14,320,389
TOTAL LIABILITIES	47,580,884	50,157,149
COMMITMENTS AND CONTINGENCIES (NOTE 15)
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 57,664,673 and 57,370,909 shares issued and outstanding, respectively	57,665	57,371
Additional paid-in capital	617,718,525	610,330,105
Accumulated other comprehensive income	(253,727)	283,154
Accumulated deficit	(338,819,830)	(304,878,485)
TOTAL STOCKHOLDERS' EQUITY	278,702,633	305,792,145
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 326,283,517	$ 355,949,294

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).