v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 33,993,982 $ 13,196,033
Prepaid expenses and other current assets 883,659 842,432
Total current assets 34,877,641 14,038,465
Property, plant & equipment, net 304,173 549,405
Operating lease right-of-use asset 1,433,706 360,671
Other long-term assets 23,566 29,780
TOTAL ASSETS 36,639,086 14,978,321
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 5,218,681 4,423,548
Warrant liability 17,000 226,000
Lease liability, current 2,030 100,189
Total current liabilities 5,237,711 4,749,737
Lease liability, net of current portion 1,529,542 309,397
TOTAL LIABILITIES 6,767,253 5,059,134
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Series E-2 preferred stock, 1,225 shares authorized; 0.00 and 35.60 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively   520,778
Common stock, $0.00001 par value; 170,000,000 shares authorized; 8,252,108 and 4,240,129 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 83 42
Additional paid-in capital 311,589,849 277,149,844
Accumulated deficit (281,718,099) (269,133,500)
Total stockholders' equity 29,871,833 8,537,164
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 36,639,086 14,978,321
Series D Convertible Preferred Stock    
MEZZANINE EQUITY:    
Series D preferred stock, 111.11 shares authorized, 0.00 and 111.11 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively   $ 1,382,023