v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,009,520) $ (3,585,965)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash lease expense for right-of-use asset 61,695
Stock-based compensation expense 1,388,322 418,422
Common stock issued for services 171,611
Realized loss on digital assets 904,394
Changes in operating assets and liabilities:    
Advances on research and development contract services 78,016
Prepaid insurance (5,784) (3,782)
Other prepaid expenses 40,828 (75,653)
Accounts payable and accrued expenses 380,776 (73,552)
Research and development contract liabilities (2,940) 77,978
Net cash used in operating activities (3,070,618) (3,164,536)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of digital assets (2,637,360)  
Cash paid for Liora investment (440,000)
Capitalized transaction costs (95,102)
Net cash used in investing activities (3,172,462)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of securities in registered direct offerings, net of offering costs 6,087,037
Proceeds from sale of securities in registered private placement, net of offering costs 4,178,162  
Exercise of common stock warrants 45,801  
Net cash provided by financing activities 10,311,000
NET CHANGE IN CASH 4,067,920 (3,164,536)
Cash - Beginning of period 1,038,952 4,203,488
Cash - End of period 5,106,872 1,038,952
Supplemental disclosures of cash flow information:    
Cash paid for interest 9,158 16,821
Cash paid for income taxes
Non-cash investing and financing activities:    
Options issued to settle accrued Board fees 27,500
Exercise of placement agent warrants on a cashless basis 22
Exercise of pre-funded warrants 306
Conversion of Series A Convertible Preferred Stock into common stock 3,500,000
Conversion of Series B Convertible Preferred Stock into common stock 821,790
Accrual of Series B Convertible Preferred Stock 8% cumulative dividend 69,073
Dividend payable settled in shares 20,075  
Digital assets transferred as consideration for acquisition of Liora (non-cash investing) — FV at transfer 1,732,966
Common stock issued for acquisition of Liora 3,017,000
Right-of use asset and lease liability - operating lease (UKRI Daresbury) 1,034,377  
Non-controlling interest 1,297,492  
Accrual of deferred offering costs $ 6,928

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