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BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 38,339,762 $ 32,626,768
Collaboration receivables   7,500,000
Prepaids and other current assets 5,968,666 1,069,557
Total current assets 44,308,428 41,196,325
Fixed assets, net 38,588 65,949
Total assets 44,347,016 41,262,274
Current liabilities:    
Accounts payable 1,588,128 1,155,656
Accrued expenses 1,388,060 2,973,215
Deferred collaboration revenue 848,286 923,109
Total current liabilities 3,824,474 5,051,980
Deferred collaboration revenue 945,447 574,685
Total liabilities 4,769,921 5,626,665
Commitments and contingencies (Note 7)
Stockholders' equity:    
Series A convertible preferred stock, $0.0001 par value: 10,000,000 shares authorized, none issued and outstanding as of December 31, 2024 and 2023
Common stock, $0.0001 par value; 200,000,000 shares authorized; 16,707,441 and 14,405,325 shares issued and outstanding as of December 31, 2024 and 2023, respectively 1,671 1,441
Additional paid-in capital 80,312,594 61,501,801
Subscription receivable (11,250)
Accumulated deficit (40,737,170) (25,856,383)
Total stockholders' equity 39,577,095 35,635,609
Total liabilities and stockholders' equity $ 44,347,016 $ 41,262,274