v3.25.2
Unaudited Condensed Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 8,735,323 $ 3,455
Prepaid expenses and other current assets 1,614,226 9,602
Total current assets 10,349,549 13,057
Property and equipment, net 13,137
Long-term portion of prepaid expenses 183,995
Total assets 10,546,681 13,057
Current liabilities:    
Accounts payable and accrued expenses 119,138 591,191
Accrued interest - related party 15,351 106,643
Advance payable to related party 100 76,500
Notes payable - related party 500,000 250,000
Warrant Liability 174,413
Total current liabilities 809,002 1,024,334
Long-term liabilities    
Long-term convertible notes payable – Related Party 346,844
Total liabilities 809,002 1,371,178
Commitments and contingencies (note 8)
Shareholders’ Equity:    
Preferred stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, par value $0.01, 100,000,000 shares authorized; 12,575,983 and 7,903,850 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 125,760 79,039
Additional paid-in capital 17,068,433 2,954,764
Accumulated deficit (7,456,514) (4,391,924)
Total shareholders’ equity (deficit) 9,737,679 (1,358,121)
Total liabilities and shareholders’ equity $ 10,546,681 $ 13,057

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