v3.26.1
Condensed Unaudited Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 5,652,696 $ 3,039,343
Grants receivable 201,256 517,359
Due from affiliates 18,616
Prepaid expenses and other current assets 296,227 382,886
Total current assets 6,168,795 3,939,588
Property and equipment, net 670,908 764,401
Operating lease right-of-use asset, net 954,097 1,053,641
Finance lease right-of-use asset, net 83,350 108,682
Tax Receivable 105,205 105,205
Total assets 7,982,355 5,971,517
LIABILITIES AND EQUITY    
Accounts payable 1,274,226 1,235,337
Due to affiliates 5,330
Operating lease liabilities – Current 297,778 281,979
Finance lease liabilities – Current 45,950 44,255
Total current Liabilities 1,617,954 1,566,901
Deferred grant reimbursement 66,382 90,365
Warrant Liability 1,902,612
Operating lease liabilities - Long term 700,287 852,575
Finance lease liabilities - Long term 41,020 64,427
Total liabilities 4,328,255 2,574,268
Stockholders’ Equity:    
Preferred stock, $0.000001 par value, 5,000,000 shares authorized; no shares issued and outstanding on June 30, 2026, and December 31, 2025, respectively.
Common shares, 100,000,000 authorized shares at $0.000001; 9,281,359 and 8,406,681 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 9 8
Additional Paid-in-capital 30,007,644 24,501,933
Accumulated deficit (26,353,553) (21,104,692)
Total equity 3,654,100 3,397,249
Total liabilities and equity $ 7,982,355 $ 5,971,517