Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 22,514,823	$ 30,662,774
Investments	212,588,960	149,919,974
Other current assets	9,467,247	10,007,849
Total current assets	244,571,030	190,590,597
Property and equipment, net	336,515	228,782
Operating lease right-of-use assets	215,502	400,019
Total Assets	245,123,047	191,219,398
Current Liabilities:
Accounts payable	9,366,007	5,076,699
Operating lease liabilities	171,952	184,950
Accrued expenses	22,184,948	8,927,094
Total current liabilities	31,722,907	14,188,743
Operating lease liabilities	53,969	225,922
Note payable, non-current	97,727,136	37,035,411
Total Liabilities	129,504,012	51,450,076
Commitments and Contingencies (Note 9)
Stockholders’ Equity:
Preferred stock, $0.001 par value: 2,500,000 shares authorized; 317,577 and 854,134 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	318	854
Common stock, $0.001 par value: 95,000,000 and 65,000,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively; 37,143,242 and 25,506,012 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	37,143	25,506
Additional paid-in capital	387,436,682	299,818,965
Accumulated deficit	(271,855,108)	(160,076,003)
Total Stockholders’ Equity	115,619,035	139,769,322
Total Liabilities and Stockholders’ Equity	$ 245,123,047	$ 191,219,398

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).