Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating expenses:    
Research and development expenses $ 14,547,332 $ 10,009,229
General and administrative expenses 9,722,354 6,947,981
Total operating expenses 24,269,686 16,957,210
Loss from operations (24,269,686) (16,957,210)
Other income (expense):    
Interest expense (57)
Interest income 313,954 318,367
Australian research and development incentives 79,954
Grant income 361,350
Change in fair value of warrant liability 1,198,210 (6,682,758)
Loss on fair value of warrants over proceeds (12,952)
Other income (expense) net: 1,873,514 (6,297,446)
Net loss $ (22,396,172) $ (23,254,656)
Net loss per share    
Net loss per share - basic $ (0.70) $ (1.05)
Net loss per share - diluted $ (0.70) $ (1.05)
Weighted average common shares outstanding - basic 32,114,608 22,197,517
Weighted average common shares outstanding - diluted 32,114,608 22,197,517