v3.25.4

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Operating expenses:
Research and development	$ 3,677,230	$ 4,430,063
General & administrative	1,691,576	2,463,355
Total operating expenses	5,368,806	6,893,418
Operating loss	(5,368,806)	(6,893,418)
Interest expense, net	(87,789)	(170,103)
Other expense	(12,851)	(9,541)
Net loss	(5,469,446)	(7,073,062)
Net loss available to common shareholders	$ (5,469,446)	$ (7,073,062)
Net loss per common share - basic and diluted	$ (0.68)	$ (3.25)
Weighted average common shares outstanding - basic and diluted	8,015,739	2,177,529

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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CEL SCI CORP 10-Q