v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 777,159 $ 749,030
Short-term investments, at fair value 1,591,377 2,981,909
Accounts receivable 73 83
Prepaid expenses 492,088 239,167
Total Current Assets 2,860,697 3,970,189
NON-CURRENT ASSETS:    
Deferred offering costs 146,235 78,645
Property and equipment, net 13,107 17,371
Investment in equity securities, at fair value 1,726,000 2,920,000
Operating lease right-of-use asset, net 198,972 211,203
Total Non-current Assets 2,084,314 3,227,219
Total Assets 4,945,011 7,197,408
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 871,691 873,691
Operating lease liability, current portion 53,430 51,040
Contract liabilities 55 59
Total Current Liabilities 925,176 924,790
LONG-TERM LIABILITIES:    
Operating lease liability, less current portion 153,822 167,935
Total Long-Term Liabilities 153,822 167,935
Total Liabilities 1,078,998 1,092,725
Commitments and Contingencies (Note 11)
STOCKHOLDERS’ EQUITY:    
Preferred stock, value
Common stock ($0.0001 par value; 180,000,000 shares authorized; 4,391,274 and 4,331,274 shares issued and 4,324,329 and 4,264,329 shares outstanding on March 31, 2026 and December 31, 2025, respectively) 439 433
Common stock to be issued (139 shares on March 31, 2026 and December 31, 2025)
Additional paid-in capital 62,105,673 61,482,739
Treasury stock, at cost (66,945 shares on March 31, 2026 and December 31, 2025) (397,969) (397,969)
Accumulated deficit (57,842,130) (54,980,520)
Total Stockholders’ Equity 3,866,013 6,104,683
Total Liabilities and Stockholders’ Equity 4,945,011 7,197,408
Series A Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value
Series B Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value