XML 11 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 31,029,723 $ 142,823,016
Cash equivalent - reverse repurchase agreements 40,000,000 0
Marketable securities 49,301,960 0
Prepaid expenses and other current assets 5,317,836 4,987,317
Total current assets 125,649,519 147,810,333
Right-of-use assets 391,595 510,814
Fixed assets, net 2,720 5,764
Total assets 126,043,834 148,326,911
Current liabilities:    
Accounts payable 254,434 1,338,057
Accrued expenses 5,842,802 5,536,464
Current portion of debt 15,242,327 15,146,546
Operating lease liabilities 255,039 239,183
Deferred collaboration revenue 6,000,000 0
Total current liabilities 27,594,602 22,260,250
Deferred collaboration revenue, long term 0 6,000,000
Operating lease liabilities, long-term 138,893 271,631
Total liabilities 27,733,495 28,531,881
Commitments and contingencies (Notes 3, 9, & 14)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding 0 0
Common stock, voting, $0.001 par value; 150,000,000 authorized and 59,414,489 and 59,195,951 shares issued and outstanding, respectively 59,415 59,196
Additional paid-in capital 517,449,424 513,994,982
Accumulated other comprehensive loss (9,658) 0
Accumulated deficit (419,188,842) (394,259,148)
Total stockholders’ equity 98,310,339 119,795,030
Total liabilities and stockholders’ equity $ 126,043,834 $ 148,326,911