v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,594,151 $ 5,205,842
Marketable investment securities 18,861,297 9,724,545
Accrued interest income 208,462 14,189
License fee and royalties receivable 690,071 1,145,390
Prepaid and other current assets 758,676 787,600
Total current assets 23,112,657 16,877,566
Property and equipment, net of accumulated depreciation of $1,328,188 and $1,284,079 respectively 60,184 104,293
Other assets 23,753 23,753
Total assets 23,196,594 17,005,612
Current liabilities:    
Accounts payable 544,347 971,822
Accrued expenses 1,170,099 1,236,374
Deferred revenue 320,000 320,000
Total current liabilities 2,034,446 2,528,196
Total liabilities 2,034,446 2,528,196
Commitments and contingencies (notes 8 and 10)
Stockholders’ equity:    
Common stock, par value $0.0001 per share, 75,000,000 shares authorized; 8,245,798 and 6,158,779 issued and 8,245,462 and 6,158,443 outstanding, respectively 9,153 8,944
Additional paid-in capital 237,577,314 223,901,106
Treasury stock at cost, 336 shares (40,712) (40,712)
Accumulated other comprehensive income (26,559) 4,445
Accumulated deficit (216,357,048) (209,396,367)
Total stockholders’ equity 21,162,148 14,477,416
Total liabilities and stockholders’ equity $ 23,196,594 $ 17,005,612