v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Fair Value Hierarchy of its Financial Assets and Liabilities Measured at Fair Value

The following table represents the Company’s fair value hierarchy of its financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025.

 

   March 31, 2026   December 31, 2025 
Description  Level 1   Level 2   Level 3   Level 1   Level 2   Level 3 
Short-term investments  $1,591,377   $
-
   $
-
   $2,981,909   $
-
   $
-
 
Equity securities  $
-
   $
-
   $1,726,000   $
-
   $
-
   $2,920,000 
Schedule of Change in the Fair Value Measurement

The change in the fair value measurement using significant inputs (Level 3) is summarized below:

 

Investment in equity securities:    
Balance at December 31, 2025  $2,920,000 
Change in fair value - unrealized loss on equity securities   (1,194,000)
Balance at March 31, 2026  $1,726,000 
Schedule of Diluted Shares Outstanding The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss.
   March 31, 
   2026   2025 
Common stock equivalents:        
Common stock warrants   327,385    67,385 
Common stock options   691,820    374,570 
Total   1,019,205    441,955