Full Press Release Details
CONSOLIDATED BALANCE SHEETS
| August 31, 2025 | ||||
| (Unaudited) | ||||
| ASSETS | ||||
| Current assets | ||||
| Cash and cash equivalents | $ | 8,782,667 | ||
| Prepaid expenses and other current assets | 151,591 | |||
| Deferred offering costs | 92,168 | |||
| Total current assets | 9,026,426 | |||
| Total assets | $ | 9,026,426 | ||
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||||
| Current liabilities | ||||
| Accounts payable | $ | 870,296 | ||
| Accrued expenses | 1,046,057 | |||
| Insurance premium financing liability | 49,599 | |||
| Note payable | 184,139 | |||
| Total current liabilities | 2,150,091 | |||
| Total liabilities | 2,150,091 | |||
| Stockholders' equity | ||||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of August 31, 2025 | - | |||
| Common stock, $0.0001 par value, 250,000,000 shares authorized, 6,809,460 shares issued and 6,809,214 shares outstanding as of August 31, 2025, respectively | 681 | |||
| Additional paid-in capital | 49,095,404 | |||
| Accumulated deficit | (42,149,785 | ) | ||
| Treasury stock, at cost, 246 shares held in treasury as of August 31, 2025 | (69,965 | ) | ||
| Total stockholders' equity | 6,876,335 | |||
| Total liabilities and stockholders' equity | $ | 9,026,426 |