Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 26,711,969	$ 41,689,591
Prepaid expenses and other assets	1,542,116	3,364,852
Total current assets	28,254,085	45,054,443
Noncurrent assets:
Prepaid expenses	1,996,300	0
Property and equipment, net	120,184	142,020
Financing lease right-of-use assets	123,514	162,194
Total assets	30,494,083	45,358,657
Current liabilities:
Accounts payable	3,574,448	1,684,868
Accrued expenses	742,227	2,841,214
Current portion of notes payable	5,130,372	12,500,000
Financing lease obligation - short term	36,167	61,119
Total current liabilities	9,483,214	17,087,201
Noncurrent liabilities:
Note payable, net of current portion	11,733,350	9,204,755
Financing lease obligation-long term	25,686	61,853
Total liabilities	21,242,250	26,353,809
Commitments and contingencies (Note 11)
STOCKHOLDERS' EQUITY
Common stock, $0.00033 par value, 150,000,000 shares authorized at December 31, 2025 and December 31, 2024, 54,878,233 shares and 37,987,380 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	18,111	12,536
Additional paid-in capital	225,840,226	201,103,311
Accumulated deficit	(216,606,504)	(182,110,999)
Total stockholders' equity	9,251,833	19,004,848
Total liabilities and stockholders' equity	$ 30,494,083	$ 45,358,657

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).