v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss for the period $ (20,726,738) $ (11,278,492)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,005,132 229,725
Non-cash interest expense 480,594 0
Change in operating lease right-of-use assets 53,549 47,572
Loss on SEPA settlements 127,083 0
Change in fair value of debentures and secured promissory notes 0 200,000
Cost to issue debentures and secured promissory notes 0 111,725
Issuance of common shares in connection with non-cash compensation for services rendered 378,070 0
Changes in operating assets and liabilities:    
Prepaid expenses (707,316) (113,201)
Accounts payable 3,147,801 404,670
Accrued expenses and other current liabilities (680,071) 1,065,475
Operating lease liability (76,605) (56,113)
Related party payable 45,370 (21,186)
Net cash used in operating activities (15,953,129) (9,409,825)
Cash flows from financing activities    
Net proceeds from issuance of common shares and warrants 0 9,790,015
Proceeds from issuance of debentures and secured promissory notes 22,000,000 4,500,000
Proceeds from exercise of warrants 0 977,398
Cost to issue debentures and secured promissory notes (615,000) (54,582)
Cash paid for financing costs in connection with SEPA 0 (297,783)
Repayment of debentures and secured promissory notes (5,532,613) 0
Proceeds from issuance of common shares under SEPA 4,102,740 0
Proceeds from issuance of common shares under ATM, net of issuance costs 12,399,815 0
Net cash provided by financing activities 32,354,942 14,915,048
Foreign currency effect on cash and cash equivalents 84,509 0
Net increase in cash and cash equivalents and restricted cash during the period 16,486,322 5,505,223
Cash and cash equivalents and restricted cash, beginning of the period 8,705,218 4,164,323
Cash and cash equivalents and restricted cash, end of the period 25,191,540 9,669,546
Supplemental information    
Cash paid for interest 330,626 0
Supplemental disclosure of non-cash investing and financing activities    
Deferred issuance costs on issued shares related to SEPA agreement 0 300,000
Issuance costs included in accounts payable $ 0 $ 271,618