Quarterly report [Sections 13 or 15(d)]

Balance Sheets

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Balance Sheets - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Cash and cash equivalents $ 4,822,357 $ 7,521,978
Restricted cash 200,000
Prepaid expenses and other current assets 583,314 341,848
Inventories 825,279
Total current assets 6,430,950 7,863,826
Property and equipment, net 158,904
Other assets 45,637
Total assets 6,635,491 7,863,826
Liabilities:    
Accounts payable (including related party amounts of $51,983 and $86,250 as of September 30, 2026 and December 31, 2025, respectively) 1,619,972 460,811
Accrued and other current liabilities (including related party amounts of $0 and $25,000 as of September 30, 2026 and December 31, 2025, respectively) 1,109,593 1,179,635
Total liabilities 2,729,565 1,640,446
Commitments and Contingencies (see Note 6)
Stockholders’ Equity:    
Common Stock, par value $0.0001, 250,000,000 shares authorized; 4,930,207 shares issued and outstanding as of September 30, 2026; 2,660,110 shares issued and outstanding as of December 31, 2025. 493 266
Additional paid-in capital 84,775,498 79,457,010
Accumulated deficit (80,870,065) (73,233,896)
Total stockholders’ equity 3,905,926 6,223,380
Total liabilities and stockholders’ equity $ 6,635,491 $ 7,863,826