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Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,834,510 $ 6,506,750
Short-term investment securities 3,098,840 2,756,577
Restricted cash and cash equivalents 1,321,278
Interest receivable 34,117 24,248
Accounts receivable 916,574 237,027
Prepaid expenses and other current assets 339,943 303,066
Total current assets 11,545,262 9,827,668
Non-current assets:    
Long-term investment securities 64,561
Operating lease right-of-use asset, net 52,401 92,211
Other assets 10,533 10,396
Total assets 11,672,757 9,930,275
Current liabilities:    
Accounts payable 1,208,410 482,320
Accrued expenses 1,372,364 970,462
Deferred research and development obligations 1,337,138 833,813
Operating lease liability, current portion 48,927 54,249
Total current liabilities 4,051,972 2,448,017
Non-current liabilities:    
Operating lease liability, net of current portion 34,621
Total liabilities 9,065,423 7,459,985
Commitments and contingencies (Note 5)  
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding:
Common stock, $.001 par value: Authorized shares - 100,000,000; issued shares - 48,441,300 and 42,089,301, outstanding shares - 36,187,798 and 29,835,799 as of September 30, 2025, and December 31, 2024, respectively 48,442 42,090
Additional paid-in capital 113,372,652 107,444,595
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (91,883,845) (86,086,480)
Total stockholders’ equity 2,607,334 2,470,290
Total liabilities and stockholders’ equity 11,672,757 9,930,275
Nonrelated Party [Member]    
Current liabilities:    
Accrued interest 60,000 80,000
Non-current liabilities:    
Convertible notes, net of issuance costs 2,954,882 3,911,471
Related Party [Member]    
Current liabilities:    
Accrued interest 25,133 27,173
Non-current liabilities:    
Convertible notes, net of issuance costs $ 2,058,569 $ 1,065,876