Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 52,544,263 $ 61,833,552 [1]
Investments 84,948,677 78,565,491 [1]
Other current assets 250,903 63,745 [1]
Total current assets 137,743,843 140,462,788 [1]
Operating lease right-of-use asset 239,882 254,921 [1]
Total assets 137,983,725 140,717,709 [1]
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 2,457,748 2,735,236 [1]
Total current liabilities 2,457,748 2,735,236 [1]
Operating lease liability - non-current 131,565 154,920 [1]
Total liabilities 2,589,313 2,890,156 [1]
Commitments and contingencies (Note 8)
Common stock, par value of $0.001 per share, 40,000,000 shares authorized, 6,699,062 and 6,692,140 shares issued and outstanding at March 31, 2026, and December 31, 2025, respectively 6,699 6,692 [1]
Additional paid-in capital 228,691,772 227,199,002 [1]
Accumulated other comprehensive income (loss) 98,521 131,389 [1]
Retained earnings (accumulated deficit) (93,402,580) (89,509,530) [1]
Total stockholders’ equity 135,394,412 137,827,553 [1]
Total liabilities and stockholders’ equity $ 137,983,725 $ 140,717,709 [1]
[1] Derived from the Company’s audited consolidated financial statements.