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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,929,501) $ (8,082,122)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,224,013 1,548,837
Non-cash interest expense 67,157 58,152
Net amortization of premium on marketable securities (409,538) (171,859)
Depreciation and amortization expense 60,912 60,632
Write-off of deferred offering costs 267,261 0
Change in assets and liabilities:    
Prepaid expenses and other current assets 250,508 (2,821,279)
Accounts payable 165,693 (1,057,758)
Accrued expenses and other liabilities (5,166,204) 492,710
Net cash used in operating activities (12,469,699) (9,972,687)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (15,709,586) (30,376,620)
Maturities of marketable securities 23,000,000 0
Net cash used in investing activities 7,290,414 (30,376,620)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 983,194 0
Proceeds from employee stock purchase plan 19,616 18,191
Net cash provided by financing activities 1,002,810 18,191
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (4,176,475) (40,331,116)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 54,527,092 142,823,016
CASH AND CASH EQUIVALENTS, END OF PERIOD 50,350,617 102,491,900
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 416,250 439,833
SUPPLEMENTAL INFORMATION AND DISCLOSURES OF NONCASH ACTIVITIES:    
Change in right-of-use asset and lease liability due to lease amendment $ 260,899 $ 0