v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 1,082,155 $ 552,372
Prepaid expenses and other assets 768,286 828,592
Total current assets 2,009,260 1,539,783
Property and equipment, net 109,772 170,308
Right-of-use assets - operating leases 1,364,814 1,423,473
Deferred transaction costs 178,011 183,546
Other assets 1,065,884 1,065,884
Total assets 4,727,741 4,382,994
Current liabilities:    
Accounts payable 2,829,264 3,340,127
Accrued expenses and other liabilities 1,092,580 1,499,624
Operating lease liabilities 327,740 327,740
Notes payable 1,651,000 1,651,000
Total current liabilities 6,150,584 7,068,491
Loan agreement 6,400,000 4,400,000
Operating lease liabilities 1,064,092 1,122,750
Derivative warrant liabilities 1,825 26,479
Total liabilities 13,616,501 12,617,720
Stockholders’ deficit    
Common stock, $0.0001 par value; 800,000,000 shares authorized; 4,255,107 and 4,020,746 shares issued and outstanding at June 30, 2026 and December 31, 2025 426 402
Additional paid-in capital 133,179,568 122,625,431
Accumulated deficit (150,868,744) (139,660,549)
Total stockholders’ deficit (8,888,760) (8,234,726)
Total liabilities and stockholders’ deficit 4,727,741 4,382,994
Series A Preferred Stock [Member]    
Stockholders’ deficit    
Preferred stock, value 2,799,990 2,799,990
Series C Preferred Stock [Member]    
Stockholders’ deficit    
Preferred stock, value 6,000,000 6,000,000
Related Party [Member]    
Current assets:    
Due from related party 158,819 158,819
Current liabilities:    
Due to related party $ 250,000 $ 250,000