v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK, TEKNE SUBORDINATED CONVERTIBLE NOTE AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Total
Convertible Preferred Stock [Member]
Tekne Subordinated Convertible Note [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income [Member]
Balance at the beginning (in shares) at Dec. 31, 2023 [1]   2,388,905          
Balance at the beginning at Dec. 31, 2023 [1]   $ 23,889,050          
Balance at the beginning (in shares) at Dec. 31, 2023 [1]       184,843      
Balance at the beginning at Dec. 31, 2023 [1] $ (32,545,921)     $ 18 $ 64,744,912 $ (97,290,851)  
Issuance of Common Stock (in shares) [1]       8,017      
Issuance of Common Stock 200,000     $ 1 [1] 199,999 [1]    
Common stock issued for services, shares [1]       2,506      
Common stock issued for services 1       1 [1]    
Issuance of Common Stock to extinguish debt 25,051,755     $ 385 [1] 25,051,370 [1]    
Issuance of Common Stock to extinguish debt, shares [1]       3,854,689      
Stock-based compensation 1,866,095       1,866,095 [1]    
Net loss $ (34,515,754)         (34,515,754)  
Balance at the ending (in shares) at Dec. 31, 2024 2,388,905 2,388,905          
Balance at the ending at Dec. 31, 2024 $ 23,889,050 [2] $ 23,889,050          
Balance at the ending (in shares) at Dec. 31, 2024 [1],[3]       4,062,974      
Balance at the ending at Dec. 31, 2024 (37,836,506)     $ 406 [1],[3] 93,969,693 [1] (131,806,605)  
Reclassification of convertible preferred stock from mezzanine equity to current liabilities, (in shares)   (2,388,905)          
Reclassification of convertible preferred stock from mezzanine equity to current liabilities 10,398,050 $ (23,889,050)       10,398,050  
Contributions from related party 110,000       110,000    
Deemed dividend in connection with modification of pre-funded warrants (936)       (936)    
Issuance of Common Stock to extinguish debt 4,390,251     $ 312 [3] 4,389,939    
Issuance of Common Stock to extinguish debt, shares [3]       3,116,457      
Shares issued in connection with exercise of warrants, Shares [3]       2,606,875      
Shares issued in connection with exercise of warrants 934     $ 261 [3] 673    
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants 0            
Stock-based compensation 571,708       571,708    
Net loss (16,611,425)         (16,611,425)  
Balance at the ending (in shares) at Mar. 31, 2025   0          
Balance at the ending at Mar. 31, 2025   $ 0          
Balance at the ending (in shares) at Mar. 31, 2025 [3]       9,786,306      
Balance at the ending at Mar. 31, 2025 $ (38,977,924)     $ 979 [3] 99,041,077 (138,019,980)  
Balance at the beginning (in shares) at Dec. 31, 2024 2,388,905 2,388,905          
Balance at the beginning at Dec. 31, 2024 $ 23,889,050 [2] $ 23,889,050          
Balance at the beginning (in shares) at Dec. 31, 2024 [1],[3]       4,062,974      
Balance at the beginning at Dec. 31, 2024 (37,836,506)     $ 406 [1],[3] 93,969,693 [1] (131,806,605)  
Reclassification of convertible preferred stock from mezzanine equity to current liabilities, (in shares)   (2,388,905)          
Reclassification of convertible preferred stock from mezzanine equity to current liabilities 10,398,050 $ (23,889,050)       10,398,050  
Contributions from related party 110,000       110,000 [1]    
Deemed dividend in connection with modification of pre-funded warrants (936)       (936) [1]    
Common stock issued for services, shares [1]       1,128,505      
Common stock issued for services 599,827     $ 113 [1] 599,714 [1]    
Issuance of Common Stock to extinguish debt 26,654,008     $ 2,279 [1] 26,651,729 [1]    
Issuance of Common Stock to extinguish debt, shares [1]       22,781,307      
Issuance of Common Stock in connection with the 2025 Offering, net of offering costs including fair value of the 2025 Offering Placement Agent Warrants, shares [1]       6,487,683      
Issuance of Common Stock in connection with the 2025 Offering, net of offering costs including fair value of the 2025 Offering Placement Agent Warrants (1,247,251)     $ 649 [1] (1,247,900) [1]    
Shares issued in connection with exercise of warrants, Shares [1]       38,212,949      
Shares issued in connection with exercise of warrants 34,373,943     $ 3,821 [1] 34,370,122 [1]    
Stock-based compensation 1,768,775       1,768,775 [1]    
Net loss $ (79,071,276)         (79,071,276)  
Balance at the ending (in shares) at Dec. 31, 2025 2,188,905 0          
Balance at the ending at Dec. 31, 2025 $ 0 [2] $ 0          
Balance at the ending (in shares) at Dec. 31, 2025 [1],[3]       92,816,561      
Balance at the ending at Dec. 31, 2025 (15,182,173)     $ 9,282 [1],[3] 185,288,376 [1] (200,479,831) $ 0
Issuance of Common Stock (in shares) [3]       11,019,981      
Issuance of Common Stock 2,150,836     $ 1,102 [3] 2,149,734    
Common stock issued for services, shares [3]       67,577      
Common stock issued for services 58,983     $ 7 [3] 58,976    
Issuance of Common Stock to extinguish debt 403,313     $ 45 [3] 403,268    
Issuance of Common Stock to extinguish debt, shares [3]       446,614      
Unsold common stock issued under the SEPA       $ 330 [3] (330)    
Unsold common stock issued under the SEPA shares [3]       3,300,000      
Issuance of Common Stock in connection with the 2025 Offering, net of offering costs including fair value of the 2025 Offering Placement Agent Warrants, shares [3]       11,699,226      
Issuance of Common Stock in connection with the 2025 Offering, net of offering costs including fair value of the 2025 Offering Placement Agent Warrants 185,018     $ 1,170 [3] 183,848    
Shares issued in connection with exercise of warrants, Shares [3]       35,238,467      
Shares issued in connection with exercise of warrants 3,066,783     $ 3,523 [3] 3,063,260    
Extinguishment of preferred stock through issuance of warrants 8,923,438       8,923,438    
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants (474,058)       474,058    
Temporary equity, Issuance of Tekne Subordinated Convertible Note     $ 928,000        
Premium on issuance of Lyocon Convertible Notes 172,000       172,000    
Gain on extinguishment of Orbit Preferred Obligation in excess of derivative liability fair value, recognized as a capital contribution (related party) 784,807       784,807    
Reclassification of Derivative Liability in Connection With Amendment to Orbit Preferred Obligation 2,505,010       2,505,010    
Stock-based compensation 11,186       11,186    
Foreign currency translation adjustments 26,423           26,423
Defined benefit pension plan adjustments 904           904
Net loss (459,898)         (459,898)  
Balance at the ending (in shares) at Mar. 31, 2026   0          
Balance at the ending at Mar. 31, 2026 928,000 $ 0 $ 928,000        
Balance at the ending (in shares) at Mar. 31, 2026 [3]       154,588,426      
Balance at the ending at Mar. 31, 2026 $ 2,172,572     $ 15,459 [3] $ 203,069,515 $ (200,939,729) $ 27,327
[1] Amounts for the periods presented have been adjusted to reflect the 1-for-4.99 February 2026 Reverse Stock Split, as defined and further described in Note 2.
[2] As of December 31, 2025, the value of the convertible preferred stock is presented within preferred stock liability. For additional information, see Note 10.
[3] Amounts for 2025 have been adjusted to reflect the 1-for-4.99 February 2026 Reverse Stock Split, as defined and further described in Note 2.