v3.26.1
Prepaid Expense and Other Assets
 6 Months Ended
Jun. 30, 2026
Prepaid Expense and Other Assets [Abstract]  
PREPAID EXPENSE AND OTHER ASSETS

NOTE 4 — PREPAID EXPENSE AND OTHER ASSETS

 

Prepaid expenses consisted of the following:

 

    June 30,
2026		     December 31,
2025		  
Prepaid development costs   $ 2,010,743     $ 2,022,466  
Prepaid insurance     183,995       215,250  
Prepaid expenses and advances     25,577       36,307  
Prepaid program costs     —       9,000  
Refund receivable     15,681       15,681  
Total prepaid expenses, current   $ 2,235,996     $ 2,298,704  

 

The long-term portion of prepaid expenses was $nil as of June 30, 2026 and $75,485 as of December 31, 2025. The decrease reflects the amortization of the Company’s directors’ and officers’ liability insurance premium; the remaining unamortized premium at June 30, 2026 relates entirely to a policy expiring May 8, 2027 and is therefore classified as current.