v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK, TEKNE SUBORDINATED CONVERTIBLE NOTE AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Total
SEPA Commitment Fee [Member]
Convertible Preferred Stock [Member]
Tekne Subordinated Convertible Note [Member]
Common Stock [Member]
Common Stock [Member]
SEPA Commitment Fee [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
SEPA Commitment Fee [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income [Member]
Balance at the beginning (in shares) at Dec. 31, 2024     2,388,905              
Balance at the beginning at Dec. 31, 2024     $ 23,889,050              
Balance at the beginning (in shares) at Dec. 31, 2024 [1]         4,062,974          
Balance at the beginning at Dec. 31, 2024 $ (37,836,506)       $ 406 [1]   $ 93,969,693   $ (131,806,605)  
Reclassification of convertible preferred stock from mezzanine equity to current liabilities, (in shares)     (2,388,905)              
Reclassification of convertible preferred stock from mezzanine equity to current liabilities 10,398,050   $ (23,889,050)           10,398,050  
Contributions from related party 110,000           110,000      
Deemed dividend in connection with modification of pre-funded warrants (936)           (936)      
Issuance of Common Stock to extinguish debt, shares [1]         3,116,457          
Issuance of Common Stock to extinguish debt 4,390,251       $ 312 [1]   4,389,939      
Shares issued in connection with exercise of warrants, Shares [1]         2,606,875          
Shares issued in connection with exercise of warrants 934       $ 261 [1]   673      
Stock-based compensation 571,708           571,708      
Net loss (16,611,425)               (16,611,425)  
Balance at the ending (in shares) at Mar. 31, 2025     0              
Balance at the ending at Mar. 31, 2025     $ 0              
Balance at the ending (in shares) at Mar. 31, 2025 [1]         9,786,306          
Balance at the ending at Mar. 31, 2025 (38,977,924)       $ 979 [1]   99,041,077   (138,019,980)  
Balance at the beginning (in shares) at Dec. 31, 2024     2,388,905              
Balance at the beginning at Dec. 31, 2024     $ 23,889,050              
Balance at the beginning (in shares) at Dec. 31, 2024 [1]         4,062,974          
Balance at the beginning at Dec. 31, 2024 (37,836,506)       $ 406 [1]   93,969,693   (131,806,605)  
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants 0                  
Net loss (28,836,400)                  
Balance at the ending (in shares) at Jun. 30, 2025 [1]         14,086,722          
Balance at the ending at Jun. 30, 2025 (44,749,722)       $ 1,410 [1]   105,493,823   (150,244,955)  
Balance at the beginning (in shares) at Dec. 31, 2024     2,388,905              
Balance at the beginning at Dec. 31, 2024     $ 23,889,050              
Balance at the beginning (in shares) at Dec. 31, 2024 [1]         4,062,974          
Balance at the beginning at Dec. 31, 2024 (37,836,506)       $ 406 [1]   93,969,693   (131,806,605)  
Cancellation of shares of Common Stock 600,000                  
Balance at the ending (in shares) at Dec. 31, 2025     0              
Balance at the ending at Dec. 31, 2025     $ 0              
Balance at the ending (in shares) at Dec. 31, 2025 [1]         92,816,561          
Balance at the ending at Dec. 31, 2025 (15,182,173)       $ 9,282 [1]   185,288,376   (200,479,831) $ 0
Balance at the beginning (in shares) at Mar. 31, 2025     0              
Balance at the beginning at Mar. 31, 2025     $ 0              
Balance at the beginning (in shares) at Mar. 31, 2025 [1]         9,786,306          
Balance at the beginning at Mar. 31, 2025 (38,977,924)       $ 979 [1]   99,041,077   (138,019,980)  
Issuance of Common Stock (in shares) [1]           267,059        
Issuance of Common Stock   $ 545,309       $ 27 [1]   $ 545,282    
Common Stock issued for services, shares [1]         767,573          
Common Stock issued for services 600,000       $ 77 [1]   599,923      
Issuance of Common Stock from releases of restricted stock units, shares [1]         375          
Restricted stock units withheld for tax withholdings, shares [1]         (110)          
Restricted stock units withheld for tax withholdings (173)           (173)      
Issuance of Common Stock to extinguish debt, shares [1]         3,265,519          
Issuance of Common Stock to extinguish debt 5,025,935       $ 327 [1]   5,025,608      
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants 0                  
Stock-based compensation 282,106           282,106      
Net loss (12,224,975)               (12,224,975)  
Balance at the ending (in shares) at Jun. 30, 2025 [1]         14,086,722          
Balance at the ending at Jun. 30, 2025 (44,749,722)       $ 1,410 [1]   105,493,823   (150,244,955)  
Balance at the beginning (in shares) at Dec. 31, 2025     0              
Balance at the beginning at Dec. 31, 2025     $ 0              
Balance at the beginning (in shares) at Dec. 31, 2025 [1]         92,816,561          
Balance at the beginning at Dec. 31, 2025 (15,182,173)       $ 9,282 [1]   185,288,376   (200,479,831) 0
Issuance of Common Stock (in shares) [1]         11,019,981          
Issuance of Common Stock 2,150,836       $ 1,102 [1]   2,149,734      
Common Stock issued for services, shares [1]         67,577          
Common Stock issued for services 58,983       $ 7 [1]   58,976      
Issuance of Common Stock to extinguish debt, shares [1]         446,614          
Issuance of Common Stock to extinguish debt 403,313       $ 45 [1]   403,268      
Unsold Common Stock issued under the SEPA         $ 330 [1]   (330)      
Unsold Common Stock issued under the SEPA shares [1]         3,300,000          
Issuance of Common Stock in connection with the 2026 Offering, net of offering costs including fair value of the 2026 Offering Placement Agent Warrants, shares [1]         11,699,226          
Issuance of Common Stock in connection with the 2026 Offering, net of offering costs including fair value of the 2026 Offering Placement Agent Warrants 185,018       $ 1,170 [1]   183,848      
Shares issued in connection with exercise of warrants, Shares [1]         35,238,467          
Shares issued in connection with exercise of warrants 3,066,783       $ 3,523 [1]   3,063,260      
Extinguishment of preferred stock through issuance of warrants 8,923,438           8,923,438      
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants (474,058)           (474,058)      
Temporary equity, Issuance of Tekne Subordinated Convertible Note       $ 928,000            
Premium on issuance of Lyocon Convertible Notes 172,000           172,000      
Gain on extinguishment of Orbit Preferred Obligation in excess of derivative liability fair value, recognized as a capital contribution (related party) 784,807           784,807      
Reclassification of Derivative Liability in Connection With Amendment to Orbit Preferred Obligation 2,505,010           2,505,010      
Stock-based compensation 11,186           11,186      
Foreign currency translation adjustments 26,423                 26,423
Defined benefit pension plan adjustments 904                 904
Net loss (459,898)               (459,898)  
Balance at the ending (in shares) at Mar. 31, 2026     0              
Balance at the ending at Mar. 31, 2026     $ 0 928,000            
Balance at the ending (in shares) at Mar. 31, 2026 [1]         154,588,426          
Balance at the ending at Mar. 31, 2026 2,172,572       $ 15,459 [1]   203,069,515   (200,939,729) 27,327
Balance at the beginning (in shares) at Dec. 31, 2025     0              
Balance at the beginning at Dec. 31, 2025     $ 0              
Balance at the beginning (in shares) at Dec. 31, 2025 [1]         92,816,561          
Balance at the beginning at Dec. 31, 2025 (15,182,173)       $ 9,282 [1]   185,288,376   (200,479,831) 0
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants (2,047,370)                  
Premium on issuance of Lyocon Convertible Notes 172,000                  
Net loss (6,935,760)                  
Balance at the ending (in shares) at Jun. 30, 2026     0              
Balance at the ending at Jun. 30, 2026 928,000   $ 0 928,000            
Balance at the ending (in shares) at Jun. 30, 2026 [1]         240,548,960          
Balance at the ending at Jun. 30, 2026 9,369,319       $ 24,055 [1]   216,698,687   (207,415,591) 62,168
Balance at the beginning (in shares) at Mar. 31, 2026     0              
Balance at the beginning at Mar. 31, 2026     $ 0 928,000            
Balance at the beginning (in shares) at Mar. 31, 2026 [1]         154,588,426          
Balance at the beginning at Mar. 31, 2026 2,172,572       $ 15,459 [1]   203,069,515   (200,939,729) 27,327
Issuance of Common Stock (in shares) [1]         45,175,456          
Issuance of Common Stock 9,090,785       $ 4,518 [1]   9,086,267      
Issuance of Common Stock to extinguish debt, shares [1]         1,216,130          
Issuance of Common Stock to extinguish debt 215,548       $ 121 [1]   215,427      
Unsold Common Stock issued under the SEPA         $ 667 [1]   (667)      
Unsold Common Stock issued under the SEPA shares [1]         6,666,667          
Shares issued in connection with exercise of warrants, Shares [1]         32,907,628          
Shares issued in connection with exercise of warrants 943,190       $ 3,291 [1]   939,899      
Extinguishment of preferred stock through issuance of warrants 4,951,802           4,951,802      
Deemed dividend in connection with the extinguishment of preferred stock (1,573,312)           (1,573,312)      
Cancellation of shares of Common Stock, shares [1]         (5,347)          
Cancellation of shares of Common Stock         $ (1) [1]   1      
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants (1,573,312)                  
Stock-based compensation 9,755           9,755      
Foreign currency translation adjustments 40,917                 40,917
Defined benefit pension plan adjustments (6,076)                 (6,076)
Net loss (6,475,862)               (6,475,862)  
Balance at the ending (in shares) at Jun. 30, 2026     0              
Balance at the ending at Jun. 30, 2026 928,000   $ 0 $ 928,000            
Balance at the ending (in shares) at Jun. 30, 2026 [1]         240,548,960          
Balance at the ending at Jun. 30, 2026 $ 9,369,319       $ 24,055 [1]   $ 216,698,687   $ (207,415,591) $ 62,168
[1] Amounts for 2025 have been adjusted to reflect the 1-for-4.99 February 2026 Reverse Stock Split, as defined and further described in Note 2.