v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 692,305 $ 552,372
Prepaid expenses and other assets 1,289,886 828,592
Total current assets 2,141,010 1,539,783
Property and equipment, net 140,040 170,308
Right-of-use assets - operating leases 1,394,690 1,423,473
Deferred transaction costs 179,378 183,546
Other assets 1,065,887 1,065,884
Total assets 4,921,005 4,382,994
Current liabilities:    
Accounts payable 3,798,598 3,340,127
Accrued expenses and other liabilities 1,241,208 1,499,624
Operating lease liabilities 327,740 327,740
Notes payable 1,651,000 1,651,000
Total current liabilities 7,268,546 7,068,491
Loan agreement 6,400,000 4,400,000
Operating lease liabilities 1,093,969 1,122,750
Derivative warrant liabilities 648 26,479
Total liabilities 14,763,163 12,617,720
Stockholders’ deficit    
Common stock, $0.0001 par value; 800,000,000 shares authorized; 4,168,705 and 4,020,746 shares issued and outstanding at March 31, 2026 and December 31, 2025 417 402
Additional paid-in capital 126,464,239 122,625,431
Accumulated deficit (145,106,804) (139,660,549)
Total stockholders’ deficit (9,842,158) (8,234,726)
Total liabilities and stockholders’ deficit 4,921,005 4,382,994
Series A Preferred Stock [Member]    
Stockholders’ deficit    
Preferred Stock, value 2,799,990 2,799,990
Series C Preferred Stock [Member]    
Stockholders’ deficit    
Preferred Stock, value 6,000,000 6,000,000
Related Party [Member]    
Current assets:    
Due from related party 158,819 158,819
Current liabilities:    
Due to related party $ 250,000 $ 250,000