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:

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March 31, 

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December 31, 

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2026

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2025

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Upfront research payments

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$

1,269,780

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$

2,625,049

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Accrued interest and other receivables

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238,329

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36,522

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Insurance

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148,750

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238,000

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License fees

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90,225

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62,059

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Deferred financing costs

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—

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32,332

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Other

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17,510

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38,150

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Total prepaid expenses and other current assets

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$

1,764,594

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$

3,032,112

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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.

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