v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 8,512,824 $ 12,657,178
Deposits, planned business acquisition (note 1)   5,994,503
Stock subsciption receivable 2,997,547  
Other current assets 1,029,088 958,708
Total Current Assets 12,539,459 19,610,389
Property and equipment, net 144,171 123,366
Operating right-of-use assets 122,511 199,160
Other noncurrent assets   33,769
Goodwill 13,554,163  
In-process research and development 8,261,000  
Total Assets 34,621,304 19,966,684
Current Liabilities:    
Accounts payable and accrued expenses 12,093,163 5,170,166
Note Payable assumed from Kineta Merger 434,000  
Holdback liability 2,519,644  
Lease liabilities, current 124,969 159,844
Total Current Liabilities 15,171,776 5,330,010
Long-term Liabilities:    
Lease liability, long term   42,698
Total Liabilities 15,171,776 5,372,708
Stockholders' Equity:    
Common stock, $0.001 par value, 200,000,000 and 75,000,000 shares authorized; 49,913,946 and 42,323,759 shares issued and outstanding as of June 30, 2025 and December 31, 2024. 49,913 42,324
Additional paid-in capital 146,438,038 125,397,691
Accumulated deficit (127,316,953) (111,124,569)
Total Stockholders' Equity 19,449,528 14,593,976
Total Liabilities and Stockholders' Equity 34,621,304 19,966,684
Preferred Stock Series A [Member]    
Stockholders' Equity:    
Preferred Stock $ 278,530 $ 278,530

Source

10-Q XBRL Zip