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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUE        
Revenue   $ 2,261,642   $ 11,139,956
TOTAL REVENUE   2,261,642   11,139,956
OPERATING EXPENSES        
Research and development $ 20,359,098 11,807,867 $ 61,321,924 35,413,649
General and administrative 5,924,942 3,463,655 17,664,198 10,593,308
TOTAL OPERATING EXPENSES 26,284,040 15,271,522 78,986,122 46,006,957
LOSS FROM OPERATIONS (26,284,040) (13,009,880) (78,986,122) (34,867,001)
OTHER INCOME (EXPENSE)        
Other income 6,740   34,216  
Investment income 1,713,499 453,152 4,236,393 1,516,418
Loss on disposal of fixed assets (6,846)   (157,519)  
TOTAL OTHER INCOME (EXPENSE) 1,713,393 453,152 4,113,090 1,516,418
NET LOSS (24,570,647) (12,556,728) (74,873,032) (33,350,583)
OTHER COMPREHENSIVE INCOME (LOSS)        
Net unrealized loss on marketable securities (543,452) (58,766) (182,833) (139,592)
COMPREHENSIVE LOSS $ (25,114,099) $ (12,615,494) $ (75,055,865) $ (33,490,175)
Net loss per share, basic (in dollars per share) $ (0.54) $ (0.38) $ (1.64) $ (1.04)
Net loss per share, diluted (in dollars per share) $ (0.54) $ (0.38) $ (1.64) $ (1.04)
Weighted average number of shares, basic (in shares) 45,716,151 33,090,063 45,687,630 32,099,181
Weighted average number of shares, diluted (in shares) 45,716,151 33,090,063 45,687,630 32,099,181