v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,584,774 $ 236,400
Investments 2,000,000
Interest receivable 4,526
Prepaid expenses and other current assets 255,999 68,989
Total current assets 4,845,299 305,389
Operating lease right-of-use asset 99,981 158,852
Property and equipment, net 6,908 9,225
Other assets 7,821 8,132
Total assets 4,960,009 481,598
Current liabilities:    
Accounts payable 165,942 381,041
Accrued expenses and other current liabilities 361,365 303,872
Operating lease liability – current portion 101,619 119,306
Total current liabilities 628,926 2,405,100
Operating lease liability, net of current portion 41,035
Total liabilities 628,926 2,446,135
Commitments and Contingencies
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value, 12,500,000 shares authorized; 2,173,986 issued and 2,169,199 outstanding at June 30, 2026; 704,435 issued and 699,648 outstanding at December 31, 2025. 217 70
Additional paid-in capital 73,120,812 51,533,483
Accumulated deficit (68,639,996) (53,351,130)
Treasury stock, 4,787 shares, at cost, at June 30, 2026 and December 31, 2025. (150,000) (150,000)
Total stockholders’ equity (deficit) 4,331,083 (1,964,537)
Total liabilities and stockholders’ equity (deficit) 4,960,009 481,598
Related Party    
Current liabilities:    
Accrued interest – related parties 100,881
Notes payable – related parties 1,500,000
Series A Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock, value 659
Series B Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock, value 2,381
Series C Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock, value $ 50