Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)

v3.26.3
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Subscription Receivable [Member]
Total
Balance at Dec. 31, 2024 $ 2,616 $ 90,897,468 $ (87,234,833) $ (30,615)   $ 3,634,636
Balance, shares at Dec. 31, 2024 26,157,788          
Exercise of stock options 844   844
Exercise of stock options, shares   570          
Stock-based compensation expense 371,472   371,472
Foreign currency translation adjustment (7,540)   (7,540)
Net loss (4,517,259)   (4,517,259)
Issuance of common shares in connection with At-The-Market financing, net of issuance costs $ 67 1,390,804   1,390,871
Issuance of common shares in connection with At-The-Market financing, net of issuance costs, shares   666,323          
Issuance of common shares in connection with the Private Placement Offerings, net of issuance costs $ 276 2,390,457   2,390,733
Issuance of common shares in connection with the Private Placement Offerings, net of issuance costs, shares   2,762,633          
Issuance of warrants in connection with the Private Placement Offerings 1,678,768   1,678,768
Balance at Mar. 31, 2025 $ 2,959 96,729,813 (91,752,092) (38,155)   4,942,525
Balance, shares at Mar. 31, 2025 29,587,314          
Balance at Dec. 31, 2024 $ 2,616 90,897,468 (87,234,833) (30,615)   3,634,636
Balance, shares at Dec. 31, 2024 26,157,788          
Foreign currency translation adjustment             (220)
Net loss             (18,767,410)
Balance at Sep. 30, 2025 $ 3,446 106,071,303 (106,002,244) (30,835)   41,670
Balance, shares at Sep. 30, 2025 34,451,153          
Balance at Dec. 31, 2024 $ 2,616 90,897,468 (87,234,833) (30,615)   3,634,636
Balance, shares at Dec. 31, 2024 26,157,788          
Balance at Dec. 31, 2025 $ 3,863 112,053,233 (109,631,005) (50,228) 2,375,863
Balance, shares at Dec. 31, 2025 38,624,289          
Balance at Mar. 31, 2025 $ 2,959 96,729,813 (91,752,092) (38,155)   4,942,525
Balance, shares at Mar. 31, 2025 29,587,314          
Stock-based compensation expense 802,484   802,484
Issuance of restricted stock $ 4 62,317   62,321
Issuance of restricted stock, shares   35,123          
Foreign currency translation adjustment 8,127   8,127
Net loss (5,346,963)   (5,346,963)
Issuance of common shares in connection with At-The-Market financing, net of issuance costs $ 79 1,419,683   1,419,762
Issuance of common shares in connection with At-The-Market financing, net of issuance costs, shares   793,429          
Issuance of common shares in connection with the Private Placement Offerings, net of issuance costs $ 118 896,549   896,667
Issuance of common shares in connection with the Private Placement Offerings, net of issuance costs, shares   1,183,331          
Issuance of warrants in connection with the Private Placement Offerings 762,837   762,837
Exercise of warrants $ 22 328,902   328,924
Exercise of warrants, shares   219,283          
Balance at Jun. 30, 2025 $ 3,182 101,002,585 (97,099,055) (30,028)   3,876,684
Balance, shares at Jun. 30, 2025 31,818,480          
Stock-based compensation expense 646,900   646,900
Issuance of restricted stock $ 11 187,302   187,313
Issuance of restricted stock, shares   105,858          
Foreign currency translation adjustment (807)   (807)
Net loss (8,903,189)   (8,903,189)
Issuance of common shares in connection with At-The-Market financing, net of issuance costs $ 209 3,661,906   3,662,115
Issuance of common shares in connection with At-The-Market financing, net of issuance costs, shares   2,086,312          
Exercise of warrants $ 44 572,610   572,654
Exercise of warrants, shares   440,503          
Balance at Sep. 30, 2025 $ 3,446 106,071,303 (106,002,244) (30,835)   41,670
Balance, shares at Sep. 30, 2025 34,451,153          
Balance at Dec. 31, 2025 $ 3,863 112,053,233 (109,631,005) (50,228) 2,375,863
Balance, shares at Dec. 31, 2025 38,624,289          
Exercise of stock options $ 2 38,547 38,549
Exercise of stock options, shares   21,479          
Stock-based compensation expense 650,024 650,024
Issuance of restricted stock $ 2 43,649 43,651
Issuance of restricted stock, shares   19,848          
Issuance of common shares in connection with the confidentially marketed public offering, net of $1,995,041 of issuance costs $ 2,201 31,011,571 31,013,772
Issuance of common shares in connection with the confidentially marketed public offering, net of $1,995,041 of issuance costs, shares   22,005,875          
Foreign currency translation adjustment 10,561 10,561
Net loss (6,369,652) (6,369,652)
Balance at Mar. 31, 2026 $ 6,068 143,797,024 (116,000,657) (39,667) 27,762,768
Balance, shares at Mar. 31, 2026 60,671,491          
Balance at Dec. 31, 2025 $ 3,863 112,053,233 (109,631,005) (50,228) $ 2,375,863
Balance, shares at Dec. 31, 2025 38,624,289          
Exercise of stock options, shares             21,479
Foreign currency translation adjustment             $ 61,208
Net loss             (21,491,376)
Balance at Sep. 30, 2026 $ 6,174 146,774,827 (131,122,381) 10,980 (1,000,000) 14,669,600
Balance, shares at Sep. 30, 2026 61,741,946          
Balance at Mar. 31, 2026 $ 6,068 143,797,024 (116,000,657) (39,667) 27,762,768
Balance, shares at Mar. 31, 2026 60,671,491          
Stock-based compensation expense 723,915 723,915
Issuance of restricted stock $ 14 198,922 198,936
Issuance of restricted stock, shares   145,991          
Foreign currency translation adjustment (2,022) (2,022)
Net loss (7,943,587) (7,943,587)
Other (65,000) (65,000)
Balance at Jun. 30, 2026 $ 6,082 144,654,861 (123,944,244) (41,689) 20,675,010
Balance, shares at Jun. 30, 2026 60,817,482          
Stock-based compensation expense 881,757 881,757
Issuance of restricted stock $ 17 238,284 238,301
Issuance of restricted stock, shares   172,585          
Foreign currency translation adjustment 52,669 52,669
Net loss (7,178,137) (7,178,137)
Common stock subscribed but unpaid $ 75 999,925 (1,000,000)
Common stock subscribed but unpaid, shares   751,879          
Balance at Sep. 30, 2026 $ 6,174 $ 146,774,827 $ (131,122,381) $ 10,980 $ (1,000,000) $ 14,669,600
Balance, shares at Sep. 30, 2026 61,741,946