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 ($)
Jun. 30, 2026
Dec. 31, 2025
 [1]
Current assets:    
Cash and cash equivalents $ 52,757,766 $ 61,833,552
Investments 81,541,216 78,565,491
Other current assets 464,727 63,745
Total current assets 134,763,709 140,462,788
Operating lease right-of-use asset 215,120 254,921
Total assets 134,978,829 140,717,709
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 4,016,031 2,735,236
Total current liabilities 4,016,031 2,735,236
Operating lease liability - non-current 107,829 154,920
Total liabilities 4,123,859 2,890,156
Commitments and contingencies (Note 8)
Common stock, par value of $0.001 per share, 40,000,000 shares authorized, 6,712,172 and 6,692,140 shares issued and outstanding at June 30, 2026, and December 31, 2025, respectively 6,712 6,692
Additional paid-in capital 229,472,821 227,199,002
Accumulated other comprehensive income (loss) 91,317 131,389
Retained earnings (accumulated deficit) (98,715,880) (89,509,530)
Total stockholders’ equity 130,854,970 137,827,553
Total liabilities and stockholders’ equity $ 134,978,829 $ 140,717,709
[1] Derived from the Company’s audited consolidated financial statements.