v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 45,089,786 $ 70,041,254
Prepaid expenses and other current assets 2,289,120 1,742,202
Total current assets 47,378,906 71,783,456
Fixed assets, net 20,544 0
Right-of-use assets 141,109 275,861
Total assets 47,540,559 72,059,317
Current liabilities:    
Accounts payable 137,476 158,461
Accrued expenses 3,374,333 6,120,297
Current portion of debt 0 15,249,632
Operating lease liabilities 143,447 280,537
Deferred collaboration revenue 6,000,000 6,000,000
Operating lease liabilities, long-term 0  
Total current liabilities 9,655,256 27,808,927
Total liabilities 9,655,256 27,808,927
Commitments and contingencies (Notes 3, 9, & 13)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding 0 0
Common stock, voting, $0.001 par value; 150,000,000 authorized and 60,321,068 and 60,162,773 shares issued and outstanding, respectively 60,321 60,163
Additional paid-in capital 530,685,127 528,147,480
Accumulated deficit (492,860,145) (483,957,253)
Total stockholders’ equity 37,885,303 44,250,390
Total liabilities and stockholders’ equity $ 47,540,559 $ 72,059,317