XML 31 R3.htm IDEA: XBRL DOCUMENT v3.25.4
BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,068,083 $ 4,554,719
Accounts receivable 912 233
Tax credits receivable 140,383 101,663
Deferred offering costs 0 4,106
Prepaid expenses 809,949 567,569
Total current assets 3,019,327 5,228,290
Property and equipment, net 548,591 653,957
Financing lease right-of-use asset, net 9,041 24,522
Operating lease right-of-use asset, net 404,444 527,393
Intangible assets, net 316,673 246,420
Deferred patent costs 679,908 593,802
Deferred issuance costs 0 37,477
Other assets 47,402 46,941
Total assets 5,025,386 7,358,802
Current liabilities:    
Accounts payable 399,356 490,255
Income tax payable 6,256 11,572
Current financing lease liability 10,111 16,066
Current operating lease liability 255,776 255,177
Insurance premium financing liability 198,983 0
Accrued expenses 197,484 602,787
Total current liabilities 1,067,966 1,375,857
Long-term financing lease liability 0 10,105
Long-term operating lease liability 156,190 274,161
Warrant liability 0 381
Total liabilities 1,224,156 1,660,504
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized at December 31, 2025 and December 31, 2024; 0 shares issued at December 31, 2025 and December 31, 2024 0 0
Common stock; $0.0001 par value, 200,000,000 and 100,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively, 10,740,697 and 1,145,038 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 1,074 114
Additional paid-in capital 72,321,352 63,264,009
Accumulated deficit (68,521,196) (57,565,825)
Total stockholders' equity 3,801,230 5,698,298
Total liabilities and stockholders' equity $ 5,025,386 $ 7,358,802