v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 1,874,149 $ 749,030
Short-term investments, at fair value 2,056,196 2,981,909
Accounts receivable 52 83
Prepaid expenses 220,543 239,167
Total Current Assets 4,150,940 3,970,189
NON-CURRENT ASSETS:    
Deferred offering costs 128,206 78,645
Property and equipment, net 8,843 17,371
Investment in equity securities, at fair value 816,000 2,920,000
Operating lease right-of-use asset, net 186,324 211,203
Total Non-current Assets 1,139,373 3,227,219
Total Assets 5,290,313 7,197,408
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 721,878 873,691
Operating lease liability, current portion 55,917 51,040
Contract liabilities 49 59
Total Current Liabilities 777,844 924,790
LONG-TERM LIABILITIES:    
Operating lease liability, less current portion 138,812 167,935
Total Long-Term Liabilities 138,812 167,935
Total Liabilities 916,656 1,092,725
Commitments and Contingencies (Note 11)
STOCKHOLDERS’ EQUITY:    
Common stock ($0.0001 par value; 180,000,000 shares authorized; 5,263,375 and 4,331,274 shares issued and 5,196,430 and 4,264,329 shares outstanding on June 30, 2026 and December 31, 2025, respectively) 526 433
Common stock to be issued (139 shares on June 30, 2026 and December 31, 2025)
Additional paid-in capital 65,663,594 61,482,739
Treasury stock, at cost (66,945 shares and 66,945 on June 30, 2026 and December 31, 2025, respectively) (397,969) (397,969)
Accumulated deficit (60,892,494) (54,980,520)
Total Stockholders’ Equity 4,373,657 6,104,683
Total Liabilities and Stockholders’ Equity 5,290,313 7,197,408
Series A Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value
Series B Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value