Quarterly report [Sections 13 or 15(d)]

PREPAID EXPENSES AND OTHER ASSETS

v3.26.1
PREPAID EXPENSES AND OTHER ASSETS
3 Months Ended
Mar. 31, 2026
PREPAID EXPENSES AND OTHER ASSETS  
PREPAID EXPENSES AND OTHER ASSETS

4.

PREPAID EXPENSES AND OTHER ASSETS

Prepaid expenses and other current assets consist of the following:

March 31, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Upfront research payments

$

1,269,780

$

2,625,049

Accrued interest and other receivables

 

238,329

 

36,522

Insurance

 

148,750

 

238,000

License fees

 

90,225

 

62,059

Deferred financing costs

32,332

Other

 

17,510

 

38,150

Total prepaid expenses and other current assets

$

1,764,594

$

3,032,112

As of March 31, 2026 and December 31, 2025, the Company had $1,798,879 and $0, respectively, of prepaid expenses, long-term related to upfront research payments which were not expected to be recognized within 12 months of the period end date.