v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,811,141 $ 7,936,153
Deferred issuance cost 5,194 18,543
Prepaid expenses and other current assets 355,451 894,311
Total current assets 10,171,786 8,849,007
Security deposit 22,777 22,777
Furniture and equipment, net 6,577 8,772
Right-of-use lease assets 298,330 354,965
Total assets 10,499,470 9,235,521
Current liabilities:    
Accounts payable 1,407,298 1,115,497
Accrued expenses 2,059,974 1,981,630
Accrued compensation 84,052 488,125
Lease liabilities, current 120,515 114,023
Total current liabilities 3,671,839 3,699,275
Non-current liabilities:    
Lease liabilities, net of current portion 182,074 244,121
Total liabilities 3,853,913 3,943,396
Commitments and contingencies (Note 5)
Shareholders' equity:    
Preferred stock, 350,000 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.001 par value; 75,000,000 shares authorized; 21,637,479 and 10,086,130 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 21,637 10,086
Additional paid-in capital 256,441,582 250,287,382
Accumulated other comprehensive income 45,789 45,789
Accumulated deficit (249,863,451) (245,051,132)
Total shareholders' equity 6,645,557 5,292,125
Total liabilities and shareholders' equity $ 10,499,470 $ 9,235,521