v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,402,025 $ 4,581,128
Restricted cash 736,014 50,592
Short-term investments 13,213,526 15,274,175
Short-term investments - restricted 713,279 0
Due from related party 6,833 6,833
Due from shareholder 1,526,126 0
Prepaid expenses 607,289 230,688
Total current assets 18,205,092 20,143,416
Noncurrent Assets    
Right of use assets - operating lease, net 462,816 477,577
Property, plant, and equipment, net of accumulated depreciation of $126,506 and $84,464, respectively 2,303,786 2,396,977
Long-term deposits 5,368,914 5,368,914
Total assets 26,340,608 28,386,884
Current liabilities    
Accounts payable and accrued liabilities 1,030,846 966,088
Deferred income 134,002 149,000
Lease liability 58,943 55,898
Grant payable 743,967 354,967
Related party notes payable 1,526,126 1,526,126
Total current liabilities 3,493,884 3,052,079
Liabilities, Noncurrent [Abstract]    
Lease liability - non-current 418,529 434,253
Total liabilities 3,912,413 3,486,332
Commitments and contingencies
Stockholders' Equity    
Common stock, $0.00001 par value, 200,000,000 shares authorized; 44,173,972 issued and outstanding as of March 31, 2026 (43,891,846 as of December 31, 2025) 441 438
Additional paid-in-capital 60,127,316 58,330,545
Accumulated deficit (37,699,562) (33,430,431)
Total stockholders' equity 22,428,195 24,900,552
Total liabilities and stockholders' equity $ 26,340,608 $ 28,386,884