Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,149,706	$ 3,857,026
Short-term investments	25,911,326	41,052,356
Prepaid expenses	596,410	886,461
Total current assets	27,657,442	45,795,843
Other assets	21,975	21,975
Total assets	27,679,417	45,817,818
Commitments and Contingencies (See Note 8)
Current liabilities:
Accounts payable	1,265,010	4,130,563
Accrued expenses	3,966,411	6,160,827
Total current liabilities	5,231,421	10,291,390
Stock appreciation rights	7,505	4,467
Total liabilities	5,238,926	10,295,857
Stockholders’ Equity:
Preferred stock value
Common stock, $0.001 par value, 150,000,000 shares authorized, 30,174,202 and 30,099,203 shares issued and outstanding, respectively	33,191	30,174
Additional paid-in capital	680,848,800	676,373,822
Accumulated deficit	(658,441,500)	(640,882,035)
Total stockholders’ equity	22,440,491	35,521,961
Total liabilities and stockholders’ equity	27,679,417	45,817,818
Class A Convertible Preferred Stock
Stockholders’ Equity:
Preferred stock value

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).