v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,087,956 $ 664,299
Royalties receivable, net of reserves of $1,534,850 and $1,384,850, respectively 207,955 408,666
Prepaid expenses and other current assets 159,730 70,969
Total current assets 1,455,641 1,143,934
Fixed assets, net 2,867 3,393
Operating lease ROU assets 960,989 1,048,352
Deposits and other assets 56,066 56,066
Total assets 2,475,563 2,251,745
Current liabilities:    
Current portion of operating lease liability 152,960 146,043
Accounts payable 135,206 132,666
Deferred revenue 69,068
Accrued expenses 53,651 19,168
Total current liabilities 410,885 297,877
Operating lease liability, net of current portion 941,585 1,020,242
Total liabilities 1,352,470 1,318,119
Shareholders’ equity:    
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 34,867,786 in 2026 and 33,648,221 in 2025 3,487 3,365
Additional paid-in capital 129,926,946 128,552,068
Accumulated deficit (128,807,340) (127,621,807)
Total shareholders’ equity 1,123,093 933,626
Total liabilities and shareholders’ equity $ 2,475,563 $ 2,251,745