v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 43,181,002 $ 46,822,786
Prepaids and other current assets 3,876,735 3,116,232
Total current assets 47,057,737 49,939,018
Fixed assets, net 5,614 11,227
Other assets 244,727  
Total assets 47,308,078 49,950,245
Current liabilities:    
Accounts payable 1,085,519 1,061,122
Accrued expenses 1,193,460 3,612,913
Deferred collaboration revenue 1,233,452 1,197,856
Total current liabilities 3,512,431 5,871,891
Deferred collaboration revenue 519,636 1,050,124
Total liabilities 4,032,067 6,922,015
Commitments and contingencies (Note 6)
Stockholders' equity:    
Series A convertible preferred stock, $0.0001 par value: 10,000,000 shares authorized, none issued or outstanding as of June 30, 2026 or December 31, 2025
Common stock, $0.0001 par value; 200,000,000 shares authorized; 23,457,849 and 20,934,456 shares issued and outstanding as of June 30, 2026 or December 31, 2025, respectively 2,346 2,094
Additional paid-in capital 119,082,192 104,989,413
Accumulated deficit (75,808,527) (61,963,277)
Total stockholders' equity 43,276,011 43,028,230
Total liabilities and stockholders' equity $ 47,308,078 $ 49,950,245