v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 3,277,095 $ 4,748,700
Short-term investments, at fair value 1,950,147 2,110,065
Crypto assets, at fair value 205,414 221,817
Crypto assets, at cost 98,584
Prepaid expenses and other current assets 280,870 208,559
Total Current Assets 5,713,526 7,387,725
LONG-TERM ASSETS:    
Deferred offering costs 26,997
Intangible assets, net 211,500 217,375
Total Long-Term Assets 238,497 217,375
Total Assets 5,952,023 7,605,100
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 362,181 578,081
Contingently returnable sublicense fee 703,552
Deferred revenue - current portion 72,102
Total Current Liabilities 1,065,733 650,183
LONG-TERM LIABILITIES:    
Deferred revenue - long-term portion 649,476
Total Long-Term Liabilities 649,476
Total Liabilities 1,065,733 1,299,659
Commitments and Contingencies (see Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized: none designated as of June 30, 2026 and December 31, 2025
Common stock, $0.0001 par value, 6,666,667 shares authorized; 1,128,610 and 887,886 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 113 89
Additional paid-in capital 26,851,682 25,791,913
Accumulated other comprehensive income 6,830 5,828
Accumulated deficit (21,972,335) (19,492,389)
Total Stockholders' Equity 4,886,290 6,305,441
Total Liabilities and Stockholders' Equity $ 5,952,023 $ 7,605,100