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Consolidated Balance Sheets - EUR (€)
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents € 5,176,632 € 4,581,749
Marketable securities 12,491,755 8,078,002
Prepaid expenses and other current assets 3,326,679 1,813,226
Total current assets 20,995,066 14,472,977
Non-current assets    
Fixed assets, net 36,606 42,922
Total non-current assets 558,790 351,016
Total assets 21,553,856 14,823,993
Current liabilities    
Other current liabilities 245,106 337,764
Total current liabilities 1,591,067 2,099,362
Non-current liabilities    
Mandatory convertible bond - at fair value 7,555,000
Other non-current liabilities 1,158
Retirement benefit obligation 293,649 227,767
Total long-term liabilities 7,848,649 228,925
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value, 59,700,000 shares authorized and 19,146,468 and 18,289,866 shares issued and outstanding, respectively 71,863,701 68,462,280
Accumulated deficit (59,882,105) (56,055,520)
Accumulated other comprehensive income 132,544 88,946
Total shareholders’ equity 12,114,140 12,495,706
Total liabilities and shareholders’ equity 21,553,856 14,823,993
Nonrelated Party [Member]    
Non-current assets    
Other non-current assets 518,834 304,744
Current liabilities    
Accounts payable 1,003,434 317,830
Accrued expenses 111,815 232,307
Related Party [Member]    
Non-current assets    
Other non-current assets 3,350 3,350
Current liabilities    
Accounts payable 180,116
Accrued expenses € 230,712 € 1,031,345