v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 26,271,650 $ 44,273,319
Short-term investments 11,409,607 14,239,145
Prepaid expenses and other current assets, including from affiliated entity 1,758,348 2,610,882
Total current assets 39,439,605 61,123,346
Fixed assets, net 2,210,759 2,527,603
Investments in affiliated entity 0 2,103,688
Operating lease right-of-use assets 6,114,303 6,542,923
Other assets 2,012,475 2,012,475
Total assets 49,777,142 74,310,035
Current liabilities:    
Accrued clinical trial expenses 817,331 650,680
Common stock warrant liabilities 24,929,459 29,067,162
Operating lease liability 2,908,820 2,822,622
Total current liabilities 37,923,025 43,668,555
Operating lease liability, net of current portion 5,786,235 6,545,204
Total liabilities 43,709,260 50,213,759
Stockholders’ equity:    
Preferred stock 0 0
Common stock 69,773 68,997
Additional paid-in capital 1,841,482,163 1,839,830,405
Accumulated deficit (1,834,847,961) (1,815,165,163)
Accumulated other comprehensive loss (636,093) (637,963)
Total Inovio Pharmaceuticals, Inc. stockholders’ equity 6,067,882 24,096,276
Total liabilities and stockholders’ equity 49,777,142 74,310,035
Nonrelated Party    
Current liabilities:    
Accounts payable and accrued expenses 9,267,415 11,053,618
Related Party    
Current liabilities:    
Accounts payable and accrued expenses $ 0 $ 74,473