Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 55,158,939 $ 6,922,729
Restricted cash 100,866
Prepaid expenses 811,456 302,641
Other current assets 387,823 142,945
Total current assets 56,459,084 7,368,315
Property and equipment, net 122,343
Intangibles, net 3,780,986 7,311,150
Goodwill 1,262,911
Total assets 60,240,070 16,064,719
Current liabilities:    
Accounts payable and accrued liabilities 1,131,104 1,119,871
Warrant liabilities – Placement Agent Warrants 3,842,857
Total current liabilities 4,973,961 1,119,871
Non-current liabilities    
Warrant liabilities 46,871 162,172
Total non-current liabilities 46,871 162,172
Total liabilities 5,020,832 1,282,043
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share, 5,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024
Common stock, par value $0.0001 per share, 100,000,000 shares authorized; 23,091,062 shares and 1,394,263 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 2,309 139
Additional paid-in capital 125,208,624 64,372,486
Accumulated other comprehensive income (loss) 18,766 (7,171)
Accumulated deficit (70,010,461) (49,582,778)
Total stockholders’ equity 55,219,238 14,782,676
Total liabilities and stockholders’ equity $ 60,240,070 $ 16,064,719