v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash $ 1,452,854 $ 4,581,128 $ 7,050,610
Restricted cash 0 50,592 50,089
Short-term investments 21,730,346 15,274,175 1,006,517
Due from related party 0 6,833 4,074
Prepaid expenses and other current assets 4,911,578 230,688  
Prepaid expenses   230,688 134,572
Deferred financing charges   0 105,703
Other receivable   0 1,064
Total current assets 28,094,778 20,143,416 8,352,629
Noncurrent Assets      
Restricted cash 946,718 0  
Investments - restricted 508,229 0  
Right of use assets - operating lease, net 447,576 477,577 242,332
Property, plant, and equipment, net 2,316,065 2,396,977 82,622
Long-term deposits 218,914 5,368,914 1,623,003
Total assets 32,532,280 28,386,884 10,300,586
Current liabilities      
Accounts payable and accrued liabilities 1,436,358 966,088 731,756
Deferred income 134,002 149,000 344,800
Lease liability - operating lease 62,113 55,898 91,767
Grant payable 719,967 354,967 0
Related party notes payable 0 1,526,126 1,630,200
Derivative liability   0 4,535,469
Interest payable   0 13,938
Convertible debentures, net   0 7,244,961
Note payable   0 1,436,001
Total current liabilities 2,352,440 3,052,079 16,028,892
Liabilities, Noncurrent [Abstract]      
Lease liability - operating lease, non-current 401,894 434,253 162,150
Total liabilities 2,754,334 3,486,332 16,191,042
Commitments and contingencies
Stockholders' Equity      
Common stock, $0.00001 par value, 200,000,000 shares authorized; 54,871,020 issued and outstanding as of June 30, 2026 (43,891,846 as of December 31, 2025) 548 438 192
Common stock subscribed   0 1,870,643
Additional paid-in-capital 78,935,167 58,330,545 9,125,524
Accumulated deficit (49,157,769) (33,430,431) (16,886,815)
Total stockholders' equity 29,777,946 24,900,552 (5,890,456)
Total liabilities and stockholders' equity $ 32,532,280 $ 28,386,884 $ 10,300,586