Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 42,990,371	$ 65,995,228
Prepaid expenses and other current assets	2,828,491	2,358,474
Total current assets	45,818,862	68,353,702
Property and equipment, net	74,068	29,656
Operating lease right-of-use lease asset	241,224	110,410
Total assets	46,134,154	68,493,768
Current liabilities:
Accounts payable	3,288,209	2,532,887
Accrued expenses and other current liabilities	4,428,902	5,375,090
Operating lease liability - current	167,468	112,064
Total current liabilities	7,884,579	8,020,041
Operating lease liability - non-current	77,524	0
Total liabilities	7,962,103	8,020,041
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.001 par value; 300,000,000 and 200,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 91,879,177 shares issued and outstanding at June 30, 2026 and December 31, 2025	91,879	91,879
Additional paid-in capital	192,222,479	191,285,157
Accumulated deficit	(154,142,307)	(130,903,309)
Total stockholders' equity	38,172,051	60,473,727
Total liabilities and stockholders' equity	$ 46,134,154	$ 68,493,768

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).