v3.26.1
Condensed Statements of Changes in Stockholders' Equity (Deficit) - USD ($)
Preferred Stock
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Total
Balance at the beginning at Dec. 31, 2024   $ 151 $ 182,213,889   $ (195,309,992) $ (13,095,952)
Balance at the beginning (in shares) at Dec. 31, 2024   1,506,369        
Issuance of common stock in At the Market offering [1]   $ 113 5,663,153     5,663,266
Issuance of common stock in At the Market offering (in shares) [1]   1,127,100        
Induced exercise of stock warrants [2]   $ 19 922,731     922,750
Induced exercise of stock warrants (in shares) [2]   197,118        
Reverse stock split settlement of fractional shares     (160)     (160)
Reverse stock split settlement of fractional shares (in shares)   (41)        
Warrant modification and additional warrants - incremental value [3]     1,194,102     1,194,102
Warrant modification and additional warrants-in issuance costs for inducement [4]     (1,194,102)     (1,194,102)
Stock-based compensation:            
Stock-based compensation     279,628     279,628
Net income (loss)         (3,483,533) (3,483,533)
Balance at the end at Mar. 31, 2025   $ 283 189,079,241   (198,793,525) (9,714,001)
Balance at the end (in shares) at Mar. 31, 2025   2,830,546        
Balance at the beginning at Dec. 31, 2025 $ 544 $ 876 281,937,072 $ (253,558) (240,624,427) $ 41,060,507
Balance at the beginning (in shares) at Dec. 31, 2025 5,435,897 8,762,329        
Treasury stock balance at the beginning (in shares) at Dec. 31, 2025       82,324   82,324
Issuance of common stock in At the Market offering [5]   $ 186 6,665,196     $ 6,665,382
Issuance of common stock in At the Market offering (in shares) [5]   1,859,993        
Issuance of common stock for payment in kind of preferred stock dividend   $ 25 939,312     939,337
Issuance of common stock for payment in kind of preferred stock dividend (in shares)   244,518        
Issuance of common stock from the delivery of vested restricted stock units   $ 3 (3)      
Issuance of common stock from the delivery of vested restricted stock units (in shares)   33,516        
Issuance of common stock from conversion of preferred stock $ (20) $ 60 (40)      
Issuance of common stock from conversion of preferred stock (in shares) (200,000) 600,000        
Retirement of treasury shares   $ (8) (253,550) $ 253,558    
Retirement of treasury shares (in shares)   (82,324)   (82,324)    
Stock-based compensation:            
Amortization of stock option awards     80,880     80,880
Amortization of restricted stock units     1,690,852     1,690,852
Issuance of common stock to vendors in consideration for service provided   $ 1 32,752     32,753
Issuance of common stock to vendors in consideration for service provided (in shares)   10,450        
Preferred stock dividend ($xx per preferred share outstanding)     (815,297)     (815,297)
Net income (loss)         8,840,550 8,840,550
Balance at the end at Mar. 31, 2026 $ 524 $ 1,143 $ 290,277,174   $ (231,783,877) $ 58,494,964
Balance at the end (in shares) at Mar. 31, 2026 5,235,897 11,428,482        
Treasury stock balance at the end (in shares) at Mar. 31, 2026           0
[1] Includes gross proceeds of $5,851,007 less total issuance costs of $187,741.
[2] Includes gross proceeds of $1,039,206 less total issuance costs of $116,456.
[3] Incremental value from the warrant inducement entered into on January 16, 2025.
[4] Non-cash warrant modification and additional warrants issuance costs related to the warrant inducement are shown as a separate line item for clarity.
[5] Includes gross proceeds of $6,981,098 less total issuance costs of $315,716.