v3.26.1
Condensed Statements of Changes in Stockholders' Equity (Deficit) - USD ($)
Preferred Stock
Private Placement
 [4]
Preferred Stock
Common Stock
Public offering
 [7]
Common Stock
At Market Offering
Common Stock
Additional Paid-In Capital
Public offering
 [7]
Additional Paid-In Capital
At Market Offering
Additional Paid-In Capital
Private Placement
 [4]
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Public offering
 [7]
At Market Offering
Private Placement
 [4]
Total
Balance at the beginning at Dec. 31, 2024         $ 151       $ 182,213,889   $ (195,309,992)       $ (13,095,952)
Balance at the beginning (in shares) at Dec. 31, 2024         1,506,369                    
Issuance of stock [1]       $ 113     $ 5,663,153           $ 5,663,266    
Issuance of stock (in shares) [1]       1,127,100                      
Stock-based compensation:                              
Induced exercise of stock warrants [2]         $ 19       922,731           922,750
Induced exercise of stock warrants (in shares) [2]         197,118                    
Reverse stock split settlement of fractional shares                 (160)           (160)
Reverse stock split settlement of fractional shares (in shares)         (41)                    
Warrant modification and additional warrants - incremental value [3]                 1,194,102           1,194,102
Warrant modification and additional warrants-in issuance costs for inducement [3]                 (1,194,102)           (1,194,102)
Stock-based compensation                 279,628           279,628
Net income (loss)                     (3,483,533)       (3,483,533)
Balance at the end at Mar. 31, 2025         $ 283       189,079,241   (198,793,525)       (9,714,001)
Balance at the end (in shares) at Mar. 31, 2025         2,830,546                    
Balance at the beginning at Dec. 31, 2024         $ 151       182,213,889   (195,309,992)       (13,095,952)
Balance at the beginning (in shares) at Dec. 31, 2024         1,506,369                    
Stock-based compensation:                              
Net income (loss)                             (12,174,452)
Balance at the end at Jun. 30, 2025   $ 544     $ 485       244,841,982   (207,484,444)       37,358,567
Balance at the end (in shares) at Jun. 30, 2025   5,435,897     4,854,827                    
Balance at the beginning at Mar. 31, 2025         $ 283       189,079,241   (198,793,525)       (9,714,001)
Balance at the beginning (in shares) at Mar. 31, 2025         2,830,546                    
Issuance of stock $ 544     $ 132 [5]     2,559,008 [5] $ 49,365,206         2,559,140 [5] $ 49,365,750  
Issuance of stock (in shares) 5,435,897     1,323,389 [5]                      
Issuance of common stock from exercise of warrants         $ 25       1,953,479           1,953,504
Issuance of common stock from exercise of warrants (in shares)         252,000                    
Issuance of common stock from the delivery of vested restricted stock units         $ 4       (4)            
Issuance of common stock from the delivery of vested restricted stock units (in shares)         44,072                    
Stock-based compensation:                              
Warrant modification and additional warrants - incremental value                 858,270           858,270
Preferred stock dividend                 (97,167)           (97,167)
Issuance of common stock from the partial conversion of note payable         $ 41       640,295           640,336
Issuance of common stock from the partial conversion of note payable (in shares)         404,820                    
Stock-based compensation                 483,654           483,654
Net income (loss)                     (8,690,919)       (8,690,919)
Balance at the end at Jun. 30, 2025   $ 544     $ 485       244,841,982   (207,484,444)       37,358,567
Balance at the end (in shares) at Jun. 30, 2025   5,435,897     4,854,827                    
Balance at the beginning at Dec. 31, 2025   $ 544     $ 876       281,937,072 $ (253,558) (240,624,427)       $ 41,060,507
Balance at the beginning (in shares) at Dec. 31, 2025   5,435,897     8,762,329                    
Treasury stock balance at the beginning (in shares) at Dec. 31, 2025                   82,324         82,324
Issuance of stock [6]       $ 186     6,665,196           6,665,382    
Issuance of stock (in shares) [6]       1,859,993                      
Issuance of common stock for payment in kind of preferred stock dividend         $ 25       939,312           $ 939,337
Issuance of common stock for payment in kind of preferred stock dividend (in shares)         244,518                    
Issuance of common stock from the delivery of vested restricted stock units         $ 5       (5)            
Issuance of common stock from the delivery of vested restricted stock units (in shares)         55,277                    
Shares withheld to settle employee tax liability upon delivery of RSU equity compensation.         $ 2       (2)            
Shares withheld to settle employee tax liability upon delivery of RSU equity compensation. (in shares)         21,761                    
Issuance of common stock from conversion of preferred stock   $ (20)     $ 60       (40)            
Issuance of common stock from conversion of preferred stock (in shares)   (200,000)     600,000                    
Retirement of treasury shares         $ (8)       (253,550) $ 253,558          
Retirement of treasury shares (in shares)         (82,324)         (82,324)          
Stock-based compensation:                              
Amortization of stock option awards                 80,880           80,880
Amortization of restricted stock units                 1,690,852           1,690,852
Issuance of common stock to vendors in consideration for service provided         $ 1       32,752           32,753
Issuance of common stock to vendors in consideration for service provided (in shares)         10,450                    
Preferred stock dividend                 (815,297)           (815,297)
Net income (loss)                     8,840,550       8,840,550
Balance at the end at Mar. 31, 2026   $ 524     $ 1,143       290,277,174   (231,783,877)       58,494,964
Balance at the end (in shares) at Mar. 31, 2026   5,235,897     11,428,482                    
Balance at the beginning at Dec. 31, 2025   $ 544     $ 876       281,937,072 $ (253,558) (240,624,427)       $ 41,060,507
Balance at the beginning (in shares) at Dec. 31, 2025   5,435,897     8,762,329                    
Treasury stock balance at the beginning (in shares) at Dec. 31, 2025                   82,324         82,324
Stock-based compensation:                              
Net income (loss)                             $ 39,791,513
Balance at the end at Jun. 30, 2026   $ 524     $ 1,531       302,765,630   (200,832,914)       $ 101,934,771
Balance at the end (in shares) at Jun. 30, 2026   5,235,897     15,299,832                    
Treasury stock balance at the end (in shares) at Jun. 30, 2026                             0
Balance at the beginning at Mar. 31, 2026   $ 524     $ 1,143       290,277,174   (231,783,877)       $ 58,494,964
Balance at the beginning (in shares) at Mar. 31, 2026   5,235,897     11,428,482                    
Issuance of stock     $ 291 $ 49 [8]   $ 9,327,030 $ 1,846,850 [8]         $ 9,327,321 $ 1,846,899 [8]    
Issuance of stock (in shares)     2,910,027 492,783 [8]                      
Issuance of common stock for payment in kind of preferred stock dividend         $ 24       779,826           779,850
Issuance of common stock for payment in kind of preferred stock dividend (in shares)         236,318                    
Issuance of common stock from the delivery of vested restricted stock units         $ 31       (31)            
Issuance of common stock from the delivery of vested restricted stock units (in shares)         308,407                    
Shares withheld to settle employee tax liability upon delivery of RSU equity compensation.         $ (8)       (379,090)           (379,098)
Shares withheld to settle employee tax liability upon delivery of RSU equity compensation. (in shares)         (82,894)                    
Stock-based compensation:                              
Amortization of stock option awards                 59,852           59,852
Amortization of restricted stock units                 1,546,884           1,546,884
Issuance of common stock to vendors in consideration for service provided         $ 1       25,613           25,614
Issuance of common stock to vendors in consideration for service provided (in shares)         6,709                    
Preferred stock dividend                 (718,478)           (718,478)
Net income (loss)                     30,950,963       30,950,963
Balance at the end at Jun. 30, 2026   $ 524     $ 1,531       $ 302,765,630   $ (200,832,914)       $ 101,934,771
Balance at the end (in shares) at Jun. 30, 2026   5,235,897     15,299,832                    
Treasury stock balance at the end (in shares) at Jun. 30, 2026                             0
[1] Includes gross proceeds of $5,851,007 less total issuance costs of $187,741.
[2] Incremental value from the warrant inducement entered into on January 16, 2025.
[3] Non-cash warrant modification and additional warrants issuance costs related to the warrant inducement are shown as a separate line item for clarity.
[4] Includes gross proceeds of $50,000,000 less total issuance costs of $634,250.
[5] Includes gross proceeds of $2,657,659 less total issuance costs of $98,519.
[6] Includes gross proceeds of $6,981,098 less total issuance costs of $315,716.
[7] Includes gross proceeds of $10,476,097 less total issuance costs of $1,148,776.
[8] Includes gross proceeds of $1,973,363 less total issuance costs of $126,464.