v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Expenses:        
General and Administrative $ 1,383,504 $ 1,353,850 $ 2,995,771 $ 2,843,248
Research and Development 2,077,116 2,590,489 4,200,841 5,122,376
Collaboration Credits (1,336,263) (1,685,917) (2,569,487) (3,652,040)
Change in Fair Value of Contingent Consideration 89,414 137,774 96,841 412,966
Total Operating Expenses 2,213,771 2,396,196 4,723,966 4,726,550
Operating Loss (2,213,771) (2,396,196) (4,723,966) (4,726,550)
Other Income (Expense), Net:        
Interest Income, Net 146,232 225,237 285,570 501,870
Other Expense, Net (11,471) (93,557) (58,598) (109,809)
Total Other Income, Net 134,761 131,680 226,972 392,060
Loss Before Income Tax Provision (2,079,010) (2,264,516) (4,496,994) (4,334,490)
Income Tax Provision 0 112,057 0 (10,949)
Net Loss (2,079,010) (2,152,459) (4,496,994) (4,345,439)
Net Loss Attributable to Common Shareholders (2,079,010) (2,152,459) (4,496,994) (4,345,439)
Net Loss Attributable to Common Shareholders $ (2,079,010) $ (2,152,459) $ (4,496,994) $ (4,345,439)
Net Loss per Common Share - Basic (in usd per share) $ (0.34) $ (0.54) $ (0.87) $ (1.10)
Weighted Average Shares Outstanding - Basic (in shares) 6,177,679 3,989,042 5,181,693 3,936,649
Net Loss per Common Share - Diluted (in usd per share) $ (0.34) $ (0.54) $ (0.87) $ (1.10)
Weighted Average Shares Outstanding - Diluted (in shares) 6,177,679 3,989,042 5,181,693 3,936,649
Other Comprehensive Loss:        
Net Loss $ (2,079,010) $ (2,152,459) $ (4,496,994) $ (4,345,439)
Unrealized Loss on Marketable Securities (10,983) (11,116) (19,336) (27,215)
Foreign Currency Translation Adjustments (16,019) 62,532 9,674 63,604
Comprehensive Loss $ (2,106,012) $ (2,101,044) $ (4,506,656) $ (4,309,050)