v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and Cash Equivalents $ 7,076,533 $ 8,696,570
Short-Term Investments 9,761,994 8,392,513
Prepaid Expenses and Other Current Assets 1,127,482 1,141,804
Collaboration Receivables 1,091,385 1,522,770
Tax and Other Receivables 1,815,079 1,793,459
Prepaid Collaboration Expenses 390,042 201,332
Total Current Assets 21,262,515 21,748,448
Non-Current Assets:    
Property and Equipment, Net 99,637 91,672
Restricted Cash 4,706 4,566
Intangible Assets and In-Process R&D, Net 2,063,100 2,063,100
Operating Lease Right-of-Use Assets 260,753 285,827
Other Assets 85,379 59,687
Total Assets 23,776,090 24,253,300
Current Liabilities:    
Accounts Payable 216,497 1,060,306
Accrued Expenses 1,981,573 2,406,731
Operating Lease Liabilities 172,425 164,461
Total Current Liabilities 2,370,495 3,631,498
Non-Current Liabilities:    
Contingent Consideration 3,036,157 2,939,316
Deferred Tax Liability 102,152 102,152
Deferred Collaboration Revenue 1,250,000 1,250,000
Non-Current Operating Lease Liabilities 160,597 203,798
Total Non-Current Liabilities 4,548,906 4,495,266
Total Liabilities 6,919,401 8,126,764
Commitments and Contingencies (Note 9)
Stockholders’ Equity:    
Preferred Stock, $0.01 Par Value: 10,000,000 shares authorized; 3,750 designated Series A, 0 shares issued and outstanding; 10,000 designated Series B, 0 shares issued and outstanding; 10,000 shares designated Series C, 0 shares issued and outstanding; 20,000 shares designated Series D, 7 shares issued and outstanding; 1,280 shares designated Series E, 0 shares issued and outstanding; 3,908 shares designated Series F, 420 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 4 4
Common Stock, $0.01 Par Value: 150,000,000 shares authorized; 4,427,167 and 3,761,739 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 281,943 275,289
Additional Paid-In Capital 175,544,810 170,314,656
Accumulated Deficit (158,714,270) (154,217,276)
Accumulated Other Comprehensive Loss (255,798) (246,137)
Total Stockholders’ Equity 16,856,689 16,126,536
Total Liabilities and Stockholders’ Equity $ 23,776,090 $ 24,253,300

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