v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 225,491,985 $ 93,928,566
Short-term investments 6,615,168 6,480,860
Prepaid expenses and other current assets 1,682,918 828,329
Total current assets 233,790,071 101,237,755
Other assets 20,418 20,418
Deferred offering costs 93,630
Long-term investments 2,052,142
Right-of-use assets, net 887,837 966,917
Property and equipment, net 2,358,428 2,521,621
Total assets 239,108,896 104,840,341
Current liabilities:    
Accounts payable and accrued expenses 9,190,591 9,971,207
Operating lease liability - current 111,114 139,339
Total current liabilities 9,301,705 10,110,546
Operating lease liability – long term 890,638 933,625
Total liabilities 10,192,343 11,044,171
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding  
Common stock, $0.0001 par value; 200,000,000 shares authorized; 71,608,042 shares issued and 71,535,679 shares outstanding at June 30, 2026 and 53,023,466 shares issued and 52,951,103 shares outstanding at December 31, 2025 7,160 5,301
Additional paid-in capital 354,997,609 198,293,956
Accumulated other comprehensive income 118,720 60,160
Accumulated deficit (126,106,973) (104,463,284)
Treasury stock at cost, 72,363 shares as of June 30, 2026 and December 31, 2025 (99,963) (99,963)
Total stockholders’ equity 228,916,553 93,796,170
Total liabilities and stockholders’ equity $ 239,108,896 $ 104,840,341