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Stockholders' Equity (Deficit) (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders' Equity (Deficit)  
Schedule of changes in common stock warrant liabilities

The following is a roll-forward of the Common Stock Warrant Liability from December 31, 2024 to December 31, 2025:

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​

​

Warrant liability at December 31, 2024

$

737,000

Change in fair value of warrant liability

​

(142,000)

Warrant liability at December 31, 2025

$

595,000

​

Schedule of common stock warrants outstanding

As of December 31, 2025, the Company had the following common stock warrants outstanding:

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Outstanding

  ​ ​ ​

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  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Outstanding

  ​ ​ ​

Exercise

  ​ ​ ​

​

​

​

Issued

​

December 31,

​

​

​

Exercised or

​

December

​

price per

​

Expiration

Issuance (Classification)

​

date

​

2024

​

Granted

​

Expired

​

2025

​

share

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date

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ThinkEquity Warrants (Equity)

​

February 3, 2025

​

—

​

5,250,000

​

—

​

5,250,000

​

$

5.00

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February 4, 2030

Canaccord Warrants (Liability)

​

November 2, 2023

​

308,333

 

—

 

—

 

308,333

​

$

9.00

​

November 2, 2028

IPO Warrants (Equity)

​

​

​

2,400

 

—

 

(2,400)

 

—

​

$

7.50

​

January 29, 2025

Pre-Funded Warrants (Equity)

​

October 14, 2025

​

—

​

850,000

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(850,000)

​

—

​

$

0.0001

​

October 10, 2030

Placement Agent Warrants (Equity)

​

October 14, 2025

​

—

​

200,000

​

—

​

200,000

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$

2.20

​

October 10, 2030

Placement Agent Warrants (Equity)

​

October 28, 2025

​

—

​

83,537

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—

​

83,537

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$

2.56

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October 20, 2030

Summary of changes in derivative liability

The following is a roll-forward of the ELOC derivative liability from date of execution to December 31, 2024:

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​

​

​

Fair value at April 25, 2024

  ​ ​ ​

1,697,500

Settlements and changes in fair value of ELOC derivative liability

​

(1,697,500)

Fair value at December 31, 2024

​

—

Settlements and changes in fair value of ELOC derivative liability

​

—

Fair value at December 31, 2025

​

—

​