v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 8,696,570 $ 3,792,322
Short-Term Investments 8,392,513 22,999,760
Prepaid Expenses and Other Current Assets 1,141,804 2,042,487
Collaboration Receivables 1,522,770 601,197
Tax and Other Receivables 1,793,459 270,246
Prepaid Collaboration Expenses 201,332 0
Total Current Assets 21,748,448 29,706,012
Non-Current Assets:    
Property and Equipment, Net 91,672 5,232
Restricted Cash 4,566 4,057
Intangible Assets and In-Process R&D, Net 2,063,100 6,687,100
Operating Lease Assets with Right-of-Use 285,827 57,170
Other Assets 59,687 24,913
Total Assets 24,253,300 36,484,484
Current Liabilities:    
Accounts Payable 1,060,306 415,590
Accrued Expenses 2,406,731 4,588,657
Accrued Collaboration Credit 0 981,111
Operating Lease Liabilities 164,461 23,355
Total Current Liabilities 3,631,498 6,008,713
Non-Current Liabilities:    
Contingent Consideration 2,939,316 4,191,490
Deferred Tax Liability 102,152 490,690
Deferred Collaboration Revenue 1,250,000 0
Non-Current Operating Lease Liabilities 203,798 33,815
Total Non-Current Liabilities 4,495,266 4,715,995
Total Liabilities 8,126,764 10,724,708
Commitments and Contingencies (Note 12)
Stockholders’ Equity:    
Preferred stock 4 4
Common stock 275,289 267,679
Additional Paid-In Capital 170,314,656 169,156,374
Accumulated Deficit (154,217,276) (143,382,122)
Accumulated Other Comprehensive Loss (246,137) (282,159)
Total Stockholders’ Equity 16,126,536 25,759,776
Total Liabilities and Stockholders’ Equity $ 24,253,300 $ 36,484,484

Source

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