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

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Series A Convertible Preferred Stock [Member]
Beginning balance, value at Dec. 31, 2023 $ 0   $ 101,175,117 $ (120,806,138) $ (19,631,021) $ 0
Beginning balance, shares at Dec. 31, 2023 162         0
Issuance of common stock for exercise of pre-funded warrants  
Issuance of common stock for exercise of pre-funded warrants, shares 28,293          
Issuance of common stock for exercise of Series A warrants   17,352,653 17,352,653
Issuance of common stock for exercise of Series A warrants, shares 2,166          
Proceeds received for exercise of buydown warrants   3,500 3,500
Proceeds received for exercise of buydown warrants, shares 2          
Common stock issued for conversion of convertible notes   7,395,907 7,395,907
Common stock issued for conversion of convertible notes, shares 622          
Conversion of Convertible Notes for Preferred Stock   24,716,118 24,716,118
Conversion of Convertible Notes for Preferred Stock, shares           24,698
Conversion of Preferred Stock for common stock  
Conversion of Preferred Stock for common stock, shares 34,881         (24,698)
Issuance of common stock for exercise of Series B Warrants   (1) (1)
Issuance of common stock for exercise of Series B Warrants, shares 1,838          
Reclassification of warrant liability to equity   3,405,662 3,405,662
Proceeds received for issuance of warrants with May 2024 Notes, net of issuance costs of $111,194   1,023,200 1,023,200
Issuance of common stock and pre-funded warrants, net of issuance costs of $1,210,753   10,789,261 10,789,261
Issuance of common stock and pre-funded warrants, net of issuance costs, shares 12,826          
Exchange of Common Stock for Pre-funded Warrants  
Exchange of Common Stock for Prefunded Warrants, shares (12,103)          
Proceeds from sale of common stock from ATM, net if issuance costs of $112,814   184,830 184,830
Proceeds from sale of common stock from ATM, net if issuance costs, shares 8,616          
Stock-based compensation   310,961 310,961
Common stock issued for reverse stock split due to rounding  
Common stock issued for reverse stock split due to rounding, shares 1,556          
Net loss   (45,510,309) (45,510,309)
Ending balance, value at Dec. 31, 2024 $ 0 $ 0 166,357,208 (166,316,447) 40,761 $ 0
Ending balance, shares at Dec. 31, 2024 78,859        
Ending balance, shares at Dec. 31, 2024   0        
Issuance of common stock for exercises of pre-funded warrants $ 25 $ 0 (25) 0 0  
Issuance of common stock for exercises of pre-funded warrants, shares 2,538,064          
Issuance of common stock from the At the Money offering, net of issuance costs of $374,392 $ 4 10,288,059 10,288,063  
Issuance of common stock from the At the Money offering, net of issuance costs, shares 356,568          
Issuance of common stock and pre-funded warrants, net of issuance costs of $1,210,753 $ 1 10,703,881 10,703,882  
Issuance of common stock and pre-funded warrants, net of issuance costs, shares 53,750          
Issuance of common stock for disputed shares from November 2024 reverse stock split (see Note 2) $ 0 0 0 0 0  
Issuance of common stock for disputed shares from November 2024 reverse stock split, shares 23,617          
Purchase fractional shares (941) (941)  
Purchase fractional shares, shares (179)          
Exchange of Common Stock for Pre-funded Warrants $ 0 0 0 0 0  
Exchange of Common Stock for Prefunded Warrants, shares (4,323)          
Issuance of common stock and pre-funded warrants, net of issuance costs of $21,136,401 and deferred taxes of $5,383,973 $ 444 474,907,637 474,908,081  
Issuance of common stock and pre-funded warrants, net of issuance costs, shares 44,414,189          
Issuance of common stock for exercises of warrants $ 1 1,783,999 1,784,000  
Issuance of common stock for exercises of warrants, shares 111,500          
Stock-based compensation 17,824,939 17,824,939  
Repurchases of common stock $ (96,282,082) (96,282,082)  
Repurchases of common stock for treasury stock, shares (13,771,094) 13,771,094        
Net loss (150,052,486) (150,052,486)  
Ending balance, value at Dec. 31, 2025 $ 475 $ (96,282,082) $ 681,864,757 $ (316,368,933) $ 269,214,217  
Ending balance, shares at Dec. 31, 2025 33,800,951          
Ending balance, shares at Dec. 31, 2025   13,771,094