v3.26.1
Condensed Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Series V Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2024 $ 2,646,314 $ 18,718 $ 171,283,199 $ (139,948,277) $ 33,999,954
Balance, shares at Dec. 31, 2024 15,033,231 [1] 18,717,743      
Stock-based compensation $ 180,688 $ 1,508 3,924,842 4,107,038
Stock-based compensation, shares 1,020,834 1,508,261      
Net income (loss) (13,387,165) (13,387,165)
Issuance of common stock, net of offering cost / At-the-market offering $ 1,872 4,077,213 4,079,085
Issuance of common stock, net of offering cost / At-the-market offering, shares   1,871,889      
Issuance of warrants in connection with convertible note 2,533,311 2,533,311
Forfeiture of stock-based awards $ (8,731) $ (129) (253,198) (262,058)
Forfeiture of stock-based awards, shares (49,327) (129,327)      
Balance at Jun. 30, 2025 $ 2,818,271 $ 21,969 181,565,367 (153,335,442) 31,070,165
Balance, shares at Jun. 30, 2025 16,004,738 [1],[2] 21,968,566 [3],[4]      
Balance at Mar. 31, 2025 $ 2,818,271 $ 20,207 174,937,017 (157,216,974) 20,558,521
Balance, shares at Mar. 31, 2025 16,004,738 [2] 20,206,880      
Stock-based compensation $ 17 246,655 246,672
Stock-based compensation, shares   17,046      
Net income (loss) 3,881,532 3,881,532
Issuance of common stock, net of offering cost / At-the-market offering $ 1,745 3,848,384 3,850,129
Issuance of common stock, net of offering cost / At-the-market offering, shares   1,744,640      
Issuance of warrants in connection with convertible note 2,533,311 2,533,311
Balance at Jun. 30, 2025 $ 2,818,271 $ 21,969 181,565,367 (153,335,442) 31,070,165
Balance, shares at Jun. 30, 2025 16,004,738 [1],[2] 21,968,566 [3],[4]      
Balance at Dec. 31, 2025 $ 1,975,701 $ 46,853 310,695,935 (173,301,710) 139,416,779
Balance, shares at Dec. 31, 2025 15,671,405 [5] 46,852,737      
Stock-based compensation $ 2,959 4,299,653 4,302,612
Stock-based compensation, shares   2,959,545      
Net income (loss) (104,067,549) (104,067,549)
Forfeiture of stock-based awards $ (6) (79,812) (79,818)
Forfeiture of stock-based awards, shares   (5,848)      
Dividends paid (723,218) (723,218)
Balance at Jun. 30, 2026 $ 1,975,701 $ 49,806 314,192,558 (277,369,259) 38,848,806
Balance, shares at Jun. 30, 2026 15,671,405 [5],[6] 49,806,434 [7],[8]      
Balance at Mar. 31, 2026 $ 1,975,701 $ 49,775 312,546,420 (242,466,029) 72,105,867
Balance, shares at Mar. 31, 2026 15,671,405 [6] 49,775,371 [7]      
Stock-based compensation $ 31 1,646,138 1,646,169
Stock-based compensation, shares   31,063      
Net income (loss) (34,903,230) (34,903,230)
Balance at Jun. 30, 2026 $ 1,975,701 $ 49,806 $ 314,192,558 $ (277,369,259) $ 38,848,806
Balance, shares at Jun. 30, 2026 15,671,405 [5],[6] 49,806,434 [7],[8]      
[1] Includes 1,069,801 restricted shares of Series V Preferred Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[2] Includes 1,069,801 restricted shares of Series V Preferred Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[3] Includes 1,312,301 restricted shares of Common Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[4] Includes 1,312,301 restricted shares of Common Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[5] Includes 278,375 restricted shares of Series V Preferred Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[6] Includes 278,375 restricted shares of Series V Preferred Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[7] Includes 3,069,272 restricted shares of Common Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.
[8] Includes 3,069,272 restricted shares of Common Stock held by employees that remain subject to forfeiture based on time-based vesting conditions. See Note 9 – Stockholders’ Equity (Deficit) for further details.