Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Expenses    
Research and development expenses $ 7,810,337 $ 7,269,146
General and administrative expenses 6,178,168 4,782,060
Operating Loss (13,988,505) (12,051,206)
Other Income (Expense)    
Other income 20,000
Unrealized gain on digital assets at fair value 295,180
Interest and dividend income, net 109,491 201,088
Net Operating Loss Before Income Tax Benefit (13,563,834) (11,850,118)
Income Tax Benefit
Net Loss $ (13,563,834) $ (11,850,118)
Net Loss Per Common Share - Basic $ (10.36) $ (96.78)
Net Loss Per Common Share - Diluted $ (10.36) $ (96.78)
Weighted Average Common Shares Used to Compute Net Loss Per Common Shares - Basic 1,309,271 122,438
Weighted Average Common Shares Used to Compute Net Loss Per Common Shares - Diluted 1,309,271 122,438