v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 3,619,949 $ 12,657,178
Deposits, planned business acquisition (note 1)   5,994,503
Stock Subscription Receivable 500,000  
Other current assets 501,187 958,708
Total Current Assets 4,621,136 19,610,389
Property and equipment, net 300,639 123,366
Operating right-of-use assets 384,530 199,160
Other noncurrent assets 33,769 33,769
Goodwill 10,738,082  
In-process research and development 11,275,000  
Total Assets 27,353,156 19,966,684
Current Liabilities:    
Accounts payable and accrued expenses 5,522,887 5,170,166
Kineta severance promissory notes 197,354  
Lease liabilities, current 199,041 159,844
Total Current Liabilities 5,919,282 5,330,010
Long-term Liabilities:    
Lease liability, long term 303,627 42,698
Deferred tax liability 197,919  
Total Liabilities 6,420,828 5,372,708
Commitments and contingencies (note 14)
Stockholders' Equity (Deficit):    
Common stock, $0.001 par value, 200,000,000 and 75,000,000 shares authorized as of December 31, 2025 and 2024; 59,336,104 and 12,167,679 shares issued and outstanding as of December 31, 2025 and 2024. 59,336 42,324
Additional paid-in capital 161,779,364 125,397,691
Accumulated deficit (141,184,902) (111,124,569)
Total Stockholders' Equity 20,932,328 14,593,976
Total Liabilities and Stockholders' Equity (Deficit) 27,353,156 19,966,684
Preferred Stock Series A [Member]    
Stockholders' Equity (Deficit):    
Preferred Stock $ 278,530 $ 278,530

Source

10-K XBRL Zip