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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (17,559,465) $ (21,828,126)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,477,995 8,295,468
Realized gain on short-term investments (62,952) (53,133)
Unrealized gain on short-term investments (155,731) (50,713)
Change in operating assets and liabilities:    
Prepaid expenses 290,051 432,723
Accounts payable (2,865,553) 1,683,092
Accrued expenses (2,194,416) (1,516,059)
Stock appreciation rights compensation 3,038
Net cash used in operating activities (18,067,033) (13,036,748)
Cash flows from investing activities    
Purchase of short-term investments (487,916) (7,013,933)
Sale of short-term investments 15,847,629 17,072,384
Net cash provided by investing activities 15,359,713 10,058,451
Cash flows from financing activities    
Proceeds from options exercised for common stock 246,747
ATM Fees (25,000)
Net cash provided by financing activities 221,747
Net decrease in cash and cash equivalents (2,707,320) (2,756,550)
Cash and cash equivalents at beginning of the period 3,857,026 4,091,568
Cash and cash equivalents at end of the period $ 1,149,706 $ 1,335,018