Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 45,663,782 $ 55,158,939
Restricted cash 101,317 100,866
Prepaid expenses 2,456,401 811,456
Other current assets 22,541 387,823
Total current assets 48,244,041 56,459,084
Intangibles, net 3,465,904 3,780,986
Total assets 51,709,945 60,240,070
Current liabilities:    
Accounts payable and accrued liabilities 1,837,917 1,131,104
Warrant liabilities - Placement Agent warrants 3,842,857
Total current liabilities 1,837,917 4,973,961
Non-current liabilities    
Warrant liabilities - Representative warrants 32,341 46,871
Total non-current liabilities 32,341 46,871
Total liabilities 1,870,258 5,020,832
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share, 5,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, par value $0.0001 per share, 500,000,000 shares authorized; 33,414,448 shares and 23,091,062 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3,341 2,309
Additional paid-in capital 127,980,571 125,208,624
Accumulated other comprehensive income 9,570 18,766
Accumulated deficit (78,153,795) (70,010,461)
Total stockholders’ equity 49,839,687 55,219,238
Total liabilities and stockholders’ equity $ 51,709,945 $ 60,240,070