v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,979,430 $ 5,205,842
Marketable investment securities 18,287,179 9,724,545
Accrued interest income 101,065 14,189
License fee and royalties receivable 190,099 1,145,390
Prepaid and other current assets 179,004 787,600
Total current assets 23,736,777 16,877,566
Property and equipment, net of accumulated depreciation of $1,313,541 and $1,284,079 respectively 74,831 104,293
Other assets 23,753 23,753
Total assets 23,835,361 17,005,612
Current liabilities:    
Accounts payable 680,525 971,822
Accrued expenses 1,067,432 1,236,374
Deferred revenue 320,000 320,000
Total current liabilities 2,067,957 2,528,196
Total liabilities 2,067,957 2,528,196
Stockholders’ equity:    
Common stock, par value $0.0001 per share, 75,000,000 shares authorized; 8,244,589 and 6,158,779 issued and 8,244,253 and 6,158,443 outstanding, respectively 9,153 8,944
Additional paid-in capital 237,503,220 223,901,106
Treasury stock at cost, 336 shares (40,712) (40,712)
Accumulated other comprehensive income (13,401) 4,445
Accumulated deficit (215,690,856) (209,396,367)
Total stockholders’ equity 21,767,404 14,477,416
Total liabilities and stockholders’ equity $ 23,835,361 $ 17,005,612