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Income taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income taxes  
Schedule of components of net loss

Year ended December 31,

2025

2024

 

Foreign

  ​ ​ ​

$

(256,019)

  ​ ​ ​

$

(218,261)

Domestic

 

(12,343,550)

 

(12,740,450)

Net loss

$

(12,599,569)

$

(12,958,711)

Summary of reconciliation of the effect of applying federal statutory rate to the net loss and the effective income tax rate

Year Ended December 31, 2025

Amount

Percent

Tax at U.S. statutory rate

$

(2,646,101)

21.0

%  

Foreign tax effects

 

Others

 

1,024

%  

Tax credits

 

Research and development credits

(42,220)

0.3

%  

Changes in valuation allowance

 

2,592,855

(20.6)

%  

Nontaxable and nondeductible items

 

20,946

(0.2)

%  

Changes in unrecognized tax benefits

Other adjustments

 

73,496

(0.5)

%  

Effective tax rate

$

(0)

%  

Year ended December 31,

2024

Statutory federal income tax rate

  ​ ​ ​

21.0

%  

Permanent differences

 

(0.1)

%  

Section 162(m) limitation

%  

Changes in valuation allowance

 

(19.7)

%  

Other

 

(1.2)

%  

Effective income tax rate

 

%  

Summary of significant components of deferred taxes

December 31,

2025

2024

Deferred tax assets:

  ​ ​ ​

  ​

  ​ ​ ​

  ​

Net operating loss carryforward

$

48,568,167

$

41,058,034

Stock compensation

4,130,337

4,051,018

Amortization

21,883

39,412

Capitalized research and development costs

3,386,699

4,850,529

Fixed Assets

878

981

Research and development credits

42,220

Accrued Expenses

199,095

165,558

Gross deferred tax assets

 

56,349,279

 

50,165,532

Valuation allowance

 

(56,349,279)

 

(50,165,532)

Total deferred tax assets

$

$