v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,425,841 $ 13,159,423
Prepaid assets and other current assets 322,100 483,996
Total current assets 4,747,941 13,643,419
Deferred offering costs and other assets 451,398 392,491
Total assets 5,199,339 14,035,910
Current liabilities:    
Accounts payable 1,076,691 1,524,190
Other accrued expenses 2,304,621 3,567,404
Accrued compensation 386,741 588,304
Accrued interest, current 37,143 27,018
Total current liabilities 3,805,196 5,706,916
Long term liabilities:    
License payable 404,991 404,991
Total long-term liabilities 404,991 404,991
Total liabilities 4,210,187 6,111,907
Commitments and contingencies (Note 4)  
Stockholders’ equity:    
Preferred stock, $0.000001 par value, 10,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.000001 par value, 200,000,000 shares authorized, 24,013,577 and 23,245,203 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 24 23
Additional paid-in capital 166,089,213 162,531,681
Accumulated deficit (165,100,085) (154,607,701)
Total stockholders’ equity 989,152 7,924,003
Total liabilities and stockholders’ equity $ 5,199,339 $ 14,035,910