v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating expenses    
Research and development $ 3,073,964 $ 6,392,097
General and administrative 17,032,102 6,041,695
Total operating expenses 20,106,066 12,433,792
Loss from operations (20,106,066) (12,433,792)
Other income (expense)    
Interest expense (28,345) (13,684)
Interest income 41,410 249,908
Unrealized loss from digital assets holdings (22,010,362)
Total other income (expense), net (21,997,297) 236,224
Total loss before income taxes (42,103,363) (12,197,568)
Provision (benefit) for income taxes (6,187,113)
Net loss $ (35,916,250) $ (12,197,568)
Net loss per share:    
Basic $ (1.12) $ (9.41)
Diluted $ (1.12) $ (9.41)
Weighted average number of common shares outstanding:    
Basic 32,049,310 1,296,290
Diluted 32,049,310 1,296,290