v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 8,068,357 $ 5,882,498
Short-term investments 1,995,784 19,854,723
Prepaid expenses 415,164 504,890
Other current assets 479,582 852,036
Total current assets 10,958,887 27,094,147
Property and equipment, net 32,939 898,930
Operating lease right-of-use asset 33,660 266,646
Other assets 8,309 53,910
Total assets 11,033,795 28,313,633
Current liabilities    
Accounts payable 4,278,419 2,033,431
Accrued payroll liabilities 690,566 1,269,474
Other current liabilities 966,121 2,643,840
Estimate for accrued legal contingencies and related expenses 5,417,250 2,069,067
Insurance premium loan payable 143,050 0
Operating lease liability, current portion 35,696 189,647
Total current liabilities 11,531,102 8,205,459
Non-current liabilities    
Operating lease liability, net of current portion 0 83,999
Total liabilities 11,531,102 8,289,458
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit)    
Preferred stock, $0.001 par value; 200,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 300,000,000 and 100,000,000 shares authorized at June 30, 2026 and December 31, 2025; 35,143,722 and 33,378,139 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 35,144 33,379
Additional paid-in-capital 209,637,990 206,865,282
Accumulated deficit (210,170,441) (186,874,486)
Total stockholders’ equity (deficit) (497,307) 20,024,175
Total liabilities and stockholders’ equity (deficit) $ 11,033,795 $ 28,313,633