v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,610,033 $ 6,524,744
Prepaid expenses and other current assets 1,415,872 1,906,462
Total current assets 11,025,905 8,431,206
Property and equipment, net 12,301 12,754
Right-of-use assets 130,268 163,140
Prepaid expenses, long-term 18,362 19,037
Goodwill 11,961,275 12,401,118
Intangible assets 57,347,369 68,985,026
Deferred issuance costs   158,956
Total assets 80,495,480 90,171,237
Current liabilities:    
Accounts payable 411,516 760,945
Accrued expenses 2,352,744 2,241,417
Deferred sublease income 9,390  
Lease liability, current portion 57,645 56,841
Total current liabilities 2,831,295 3,059,203
Deferred sublease income, long-term 28,170  
Lease liability, long-term portion 69,563 105,763
Deferred tax liability 9,200,344 12,109,404
Total liabilities 12,129,372 15,274,370
Commitments and contingencies (Note 13)
Series A Non-Voting Convertible Preferred Stock, $0.0001 par value; 2,104 shares authorized, no shares issued and outstanding at June 30, 2026 and December 31, 2025
Stockholders' equity:    
Common stock, $0.0001 par value; 195,000,000 shares authorized; 33,637,271 and 33,629,553 shares issued and outstanding at June 30, 2026, respectively; and 43,000,000 shares authorized; 29,751,234 and 29,743,516 shares issued and outstanding at December 31, 2025, respectively 3,363 2,974
Additional paid-in capital 196,246,223 183,856,376
Accumulated deficit (124,592,539) (108,076,316)
Accumulated other comprehensive loss (2,991,811) (587,039)
Stockholders' equity before treasury stock 68,665,236 75,195,995
Less: Treasury stock, 7,718 shares of common stock at cost (299,128) (299,128)
Total stockholders' equity 68,366,108 74,896,867
Total liabilities, Series A Non-Voting Convertible Preferred Stock and Stockholders' equity 80,495,480 90,171,237
Series A Non-Voting Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Series A-1 Non-Voting Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Series A-2 Non-Voting Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock
Preferred Stock Excluding Series A, Series A-1 and Series A-2 Non-Voting Convertible Preferred Stock    
Stockholders' equity:    
Preferred stock

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