v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 531,277 $ 1,310,653
Accounts receivable, net 248,771 29,258
Prepaid expenses and other current assets 208,178 1,309,316
Total current assets 988,226 2,649,227
Property and equipment, net 928,550 1,079,275
Operating lease right-of-use assets 786,135 825,665
Investment in equity securities 35,000,000 5,000,000
Deferred offering costs 6,269
Intangible assets, net 50,000
Other non-current assets 302,262 302,262
Total assets 38,055,173 9,862,698
Current liabilities:    
Accounts payable 1,081,936 245,196
Accrued compensation and benefits 30,208 62,907
Accrued liabilities 3,151,485 62,074
Short-term insurance financing 86,997 90,278
Current portion of operating lease liabilities 202,490 173,726
Total current liabilities 4,553,116 634,181
Operating lease liabilities, net of current portion 1,645,399 1,847,889
Total liabilities 6,198,515 2,482,070
Stockholders’ equity:    
Common stock, $0.01 par value; 100,000,000 shares authorized; 10,149,411 and 10,070,779 shares issued and outstanding at December 31, 2025 and 2024, respectively 101,494 100,708
Additional paid-in capital 301,621,893 300,780,440
Common stock issuable 11,420
Accumulated deficit (269,880,466) (293,500,522)
Accumulated other comprehensive income 2,315
Total stockholders’ equity 31,856,658 7,380,628
Total liabilities and stockholders’ equity 38,055,173 9,862,698
Series D Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 2 $ 2