Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,384,484	$ 3,857,026
Short-term investments	12,502,040	41,052,356
Prepaid expenses	967,745	886,461
Total current assets	14,854,269	45,795,843
Other assets	21,975	21,975
Total assets	14,876,244	45,817,818
Current liabilities:
Accounts payable	1,453,102	4,130,563
Accrued expenses	3,736,496	6,160,827
Total current liabilities	5,189,598	10,291,390
Stock appreciation rights	221,107	4,467
Total liabilities	5,410,705	10,295,857
Commitments and Contingencies (See Note 8)
Stockholders’ Equity:
Preferred stock value
Common stock, $0.001 par value, 150,000,000 shares authorized, 33,191,622 and 30,174,202 shares issued and outstanding, respectively	33,191	30,174
Additional paid-in capital	687,831,786	676,373,822
Accumulated deficit	(678,399,438)	(640,882,035)
Total stockholders’ equity	9,465,539	35,521,961
Total liabilities and stockholders’ equity	14,876,244	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).