v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 31,526,164 $ 44,273,319
Short-term investments 5,147,853 14,239,145
Prepaid expenses and other current assets, including from affiliated entity 3,239,232 2,610,882
Total current assets 39,913,249 61,123,346
Fixed assets, net 1,888,725 2,527,603
Investments in affiliated entity 0 2,103,688
Operating lease right-of-use assets 5,670,451 6,542,923
Other assets 1,917,069 2,012,475
Total assets 49,389,494 74,310,035
Current liabilities:    
Accrued clinical trial expenses 338,461 650,680
Common stock warrant liabilities 25,024,799 29,067,162
Operating lease liability 2,898,637 2,822,622
Total current liabilities 39,915,059 43,668,555
Operating lease liability, net of current portion 5,103,352 6,545,204
Total liabilities 45,018,411 50,213,759
Stockholders’ equity:    
Preferred stock 0 0
Common stock 82,342 68,997
Additional paid-in capital 1,845,429,136 1,839,830,405
Accumulated deficit (1,840,860,419) (1,815,165,163)
Accumulated other comprehensive loss (279,976) (637,963)
Total Inovio Pharmaceuticals, Inc. stockholders’ equity 4,371,083 24,096,276
Total liabilities and stockholders’ equity 49,389,494 74,310,035
Nonrelated Party    
Current liabilities:    
Accounts payable and accrued expenses 11,653,162 11,053,618
Related Party    
Current liabilities:    
Accounts payable and accrued expenses $ 0 $ 74,473