​

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

Deferred grant expenses

​

$

1,019,665

​

$

484,344

Prepaid research and development expenses

​

​

1,007,500

​

​

—

Insurance

​

​

492,662

​

​

323,850

Deferred labor costs

​

​

297,750

​

​

216,874

Bitcoin mining leases

​

​

292,416

​

​

206,625

Dues and subscriptions

​

​

148,072

​

​

22,512

Professional fees

​

​

65,645

​

​

378,109

Rent

​

​

—

​

​

58,150

Security deposit

​

​

—

​

​

50,213

Other

​

​

50,084

​

​

85,172

Total prepaid expenses and other current assets

​

$

3,373,794

​

$

1,825,849