v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 8,347,090 $ 13,196,033
Prepaid expenses and other current assets 920,038 842,432
Total current assets 9,267,128 14,038,465
Property, plant & equipment, net 339,697 549,405
Operating lease right-of-use asset 1,483,156 360,671
Other long-term assets 29,780 29,780
TOTAL ASSETS 11,119,761 14,978,321
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 4,724,826 4,423,548
Warrant liability 149,000 226,000
Lease liability, current   100,189
Total current liabilities 4,873,826 4,749,737
Lease liability, net of current portion 1,528,825 309,397
TOTAL LIABILITIES 6,402,651 5,059,134
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Series E-2 preferred stock, 1,225.00 shares authorized; 35.60 shares issued and outstanding as of March 31, 2026 and December 31, 2025 520,778 520,778
Common stock, $0.00001 par value; 170,000,000 shares authorized; 4,240,129 shares issued and outstanding as of March 31, 2026 and December 31, 2025 42 42
Additional paid-in capital 277,601,713 277,149,844
Accumulated deficit (274,787,446) (269,133,500)
Total stockholders' equity (deficit) 3,335,087 8,537,164
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 11,119,761 14,978,321
Series D Convertible Preferred Stock    
MEZZANINE EQUITY:    
Series D preferred stock, 111.11 shares authorized, issued and outstanding as of March 31, 2026 and December 31, 2025 $ 1,382,023 $ 1,382,023

Source

10-Q PDF XBRL Zip