Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Financial Instruments

Schedule of Financial Instruments

The following table shows the Company’s cash, cash equivalents and short-term investments by significant investment category as of December 31, 2025.

								Cash and Cash		Short-Term
	Amortized Cost			Unrealized Gains		Fair Value		Equivalents		Investments
Cash	$	—	$	—	$	—	$	3,266,974	$	—
Level 1:		—		—		—		—		—
Money market funds		—		—		—		93,897,417		—
U.S. Treasury securities		199,496,833		1,129,448		200,626,281		—		200,626,281
Total	$	199,496,833	$	1,129,448	$	200,626,281	$	97,164,391	$	200,626,281