v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash $ 1,402,025 $ 4,581,128 $ 7,050,610
Restricted cash 736,014 50,592 50,089
Short-term investments 13,213,526 15,274,175 1,006,517
Short-term investments - restricted 713,279 0  
Due from related party 6,833 6,833 4,074
Due from shareholder 1,526,126 0  
Prepaid expenses 607,289 230,688 134,572
Deferred financing charges   0 105,703
Other receivable   0 1,064
Total current assets 18,205,092 20,143,416 8,352,629
Noncurrent Assets      
Right of use assets - operating lease, net 462,816 477,577 242,332
Property, plant, and equipment, net of accumulated depreciation of $126,506 and $84,464, respectively 2,303,786 2,396,977 82,622
Long-term deposits 5,368,914 5,368,914 1,623,003
Total assets 26,340,608 28,386,884 10,300,586
Current liabilities      
Accounts payable and accrued liabilities 1,030,846 966,088 731,756
Deferred income 134,002 149,000 344,800
Lease liability 58,943 55,898 91,767
Grant payable 743,967 354,967 0
Related party notes payable 1,526,126 1,526,126 1,630,200
Derivative liability   0 4,535,469
Interest payable   0 13,938
Convertible debentures, net   0 7,244,961
Note payable   0 1,436,001
Total current liabilities 3,493,884 3,052,079 16,028,892
Liabilities, Noncurrent [Abstract]      
Lease liability - non-current 418,529 434,253 162,150
Total liabilities 3,912,413 3,486,332 16,191,042
Commitments and contingencies
Stockholders' Equity (Deficit)      
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) 441 438 192
Additional paid-in-capital 60,127,316 58,330,545 9,125,524
Accumulated deficit (37,699,562) (33,430,431) (16,886,815)
Common stock subscribed   0 1,870,643
Total stockholders’ equity (deficit) 22,428,195 24,900,552 (5,890,456)
Total liabilities and stockholders’ equity (deficit) $ 26,340,608 $ 28,386,884 $ 10,300,586