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Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (111,779,105) $ (63,779,116)
Adjustments to reconcile net loss to net cash used for operations:    
Depreciation 129,947 142,772
Stock-based compensation 6,988,341 4,901,434
Amortization of debt issuance costs and discount 1,330,652 241,752
Payment-in-Kind interest 1,363,708 1,810,584
Non-cash operating lease, net (434) 4,368
Change in accrued interest income 150,421 (993,457)
Changes in operating assets and liabilities:    
Other current assets 775,981 (3,438,018)
Accounts payable 4,315,892 2,430,614
Accrued expenses 13,257,854 4,866,814
Net cash used for operating activities (83,466,743) (53,812,253)
Cash flows from investing activities:    
Proceeds from maturities of investments 642,345,545 309,614,521
Purchases of investments (705,164,950) (314,525,084)
Purchases of property and equipment (249,878) (97,644)
Net cash used for investing activities (63,069,283) (5,008,207)
Cash flows from financing activities:    
Proceeds from exercise of common stock warrants 14,735,817 22,505
Proceeds from exercise of employee stock options 769,571 388,522
Proceeds from employee stock purchases 275,601 202,845
Proceeds from follow-on offering, net of underwriting discounts and offering costs 56,252,108
Proceeds from note payable, net of debt issuance costs and discount of $2,437,644 59,226,276
Proceeds from an ATM offering, net of issuance costs 7,356,107 14,431,186
Proceeds from pre-funded warrants, net of offering costs 49,917,589
Payments for secondary registration statement costs (227,405) (45,805)
Payments for debt issuance costs (2,716)
Payments for finance leases (2,449)
Net cash provided by financing activities 138,388,075 64,911,677
Net change in cash and cash equivalents (8,147,951) 6,091,217
Cash and cash equivalents:    
Beginning of period 30,662,774 24,571,557
End of period 22,514,823 30,662,774
Supplemental disclosure of cash flow information:    
Interest paid 7,586,084 3,274,051
Supplemental disclosures of non-cash investing and financing activities:    
Deferred financing costs and offering and registration statement costs included in accounts payable 42,028 56,414
Property and equipment included in accounts payable 1,417 13,615
Common stock warrants issued with the note payable transaction $ 1,228,911