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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Current assets:        
Cash and cash equivalents $ 50,350,617 $ 54,527,092    
Marketable securities 39,707,460 46,624,180    
Prepaid expenses and other current assets 2,670,698 2,921,206    
Total current assets 92,728,775 104,072,478    
Deferred offering costs 0 267,261    
Right-of-use assets 466,942 266,955    
Total assets 93,195,717 104,606,694    
Current liabilities:        
Accounts payable 346,146 180,453    
Accrued expenses 7,684,354 12,118,367    
Current portion of debt 0 31,372    
Operating lease liabilities 255,342 271,631    
Total current liabilities 14,285,842 18,601,823    
Long-term debt, net of current portion 15,098,529 15,000,000    
Deferred collaboration revenue, long term 6,000,000 6,000,000    
Operating lease liabilities, long-term 212,769 0    
Total liabilities 29,597,140 33,601,823    
Commitments and contingencies (Notes 13, 14, and 15)    
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 60,045,530 and 59,648,278 shares issued and outstanding, respectively 60,046 59,648    
Additional paid-in capital 523,577,026 521,018,373    
Accumulated other comprehensive loss 1,598 37,442    
Accumulated deficit (460,040,093) (450,110,592)    
Total stockholders’ equity 63,598,577 71,004,871 $ 113,419,441 $ 119,795,030
Total liabilities and stockholders’ equity $ 93,195,717 $ 104,606,694