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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUE    
Revenue $ 22,270,465 $ 25,178,066
TOTAL REVENUE 22,270,465 25,178,066
OPERATING EXPENSES    
Research and development 49,968,585 36,448,039
General and administrative 14,866,722 12,807,886
TOTAL OPERATING EXPENSES 64,835,307 49,255,925
LOSS FROM OPERATIONS (42,564,842) (24,077,859)
OTHER INCOME (EXPENSE)    
Other income 7,471 67,657
Investment income 2,202,990 1,728,701
Loss on disposal of fixed assets (112,805) (6,041)
TOTAL OTHER INCOME (EXPENSE) 2,097,656 1,790,317
NET LOSS (40,467,186) (22,287,542)
OTHER COMPREHENSIVE INCOME (LOSS)    
Net unrealized gain on marketable securities 791,142 130,569
COMPREHENSIVE LOSS $ (39,676,044) $ (22,156,973)
Net loss per share, basic (in dollars per share) $ (1.15) $ (0.83)
Net loss per share, diluted (in dollars per share) $ (1.15) $ (0.83)
Weighted average number of shares, basic (in shares) 35,218,628 26,778,360
Weighted average number of shares, diluted (in shares) 35,218,628 26,778,360