v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,727,810 $ 2,068,083
Accounts receivable 909 912
Tax credits receivable 143,821 140,383
Prepaid expenses 571,282 809,949
Total current assets 7,443,822 3,019,327
Property and equipment, net 536,422 548,591
Financing lease right-of-use asset, net 1,301 9,041
Operating lease right-of-use asset, net 406,455 404,444
Intangible assets, net 330,039 316,673
Deferred patent costs 150,965 679,908
Other assets 47,042 47,402
Total assets 8,916,046 5,025,386
Current liabilities:    
Accounts payable 497,985 399,356
Income tax payable 0 6,256
Current financing lease liability 1,486 10,111
Current operating lease liability 357,569 255,776
Insurance premium financing liability 0 198,983
Accrued expenses 673,669 197,484
Total current liabilities 1,530,709 1,067,966
Long-term operating lease liability 50,998 156,190
Total liabilities 1,581,707 1,224,156
Commitments and contingencies (Note 10)
Stockholders' equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025; respectively. 0 0
Common stock; $0.0001 par value, 750,000,000 and 200,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively, 60,603,742 and 10,740,697 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively. 6,060 1,074
Additional paid-in capital 83,124,375 72,321,352
Accumulated deficit (75,796,096) (68,521,196)
Total stockholders' equity 7,334,339 3,801,230
Total liabilities and stockholders' equity $ 8,916,046 $ 5,025,386