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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 9,719,310 $ 66,533
Grants receivable 737,282 882,319
Prepaid expenses and other current assets 363,790 264,762
Total current assets 10,820,382 1,213,614
Property and equipment, net 882,445 753,376
Operating lease right-of-use asset, net 1,331,577 1,591,519
Total assets 13,034,404 3,558,509
LIABILITIES AND STOCKHOLDERS’ EQUITY(DEFICIT)    
Accounts payable 924,252 702,911
Due to affiliates 178,966 445,128
Operating lease liabilities – Current 230,027 224,988
SAFE Liability 1,000,000
Taxes payable 42,267
Total current liabilities 1,333,245 2,415,294
Deferred grant reimbursement 123,579 140,703
Operating lease liabilities 1,156,805 1,386,831
Total liabilities 2,613,629 3,942,828
Stockholders’ Equity (Deficit):    
Preferred stock, $0.000001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively.
Common shares, 100,000,000 authorized shares at $0.000001; 8,367,810 and 6,250,002 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 8 6
Additional Paid-in-capital 22,366,725 5,700,298
Accumulated (deficit) (11,945,958) (6,084,623)
Total stockholders’ equity (deficit) 10,420,775 (384,319)
Total liabilities and stockholders’ equity (deficit) $ 13,034,404 $ 3,558,509