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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (37,517,403) $ (61,322,218)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 11,534,002 23,458,012
Realized gain on short-term investments (28,717) (334,082)
Unrealized gain on short-term investments (212,210) (283,803)
Fair value changes on stock appreciation rights 216,640 12,562
Change in operating assets and liabilities:    
Prepaid expenses and other assets (81,285) (378,596)
Accounts payable (2,677,461) (1,160,468)
Accrued expenses (2,424,331) (2,947,571)
Net cash used in operating activities (31,190,765) (42,956,164)
Cash flows from investing activities    
Purchase of short-term investments (1,043,307) (11,424,986)
Sale of short-term investments 29,834,551 51,641,225
Net cash provided by investing activities 28,791,244 40,216,239
Cash flows from financing activities    
Proceeds from options exercised for common stock 246,747
ATM Expenses (73,021) (114,601)
Net cash (used in)/provided by financing activities (73,021) 132,146
Net decrease in cash and cash equivalents (2,472,542) (2,607,779)
Cash and cash equivalents at beginning of the period 3,857,026 4,091,568
Cash and cash equivalents at end of the period 1,384,484 1,483,789
Cash paid during the period for:    
Interest
Income Tax