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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 23,617,733 $ 3,591,623
Short-term investments 4,561,928
Prepaid expenses and other current assets 1,965,222 1,316,426
TOTAL CURRENT ASSETS 25,582,955 9,469,977
NON-CURRENT ASSETS    
Property and equipment, net 2,319,402 1,486,672
Right-of-use asset, net 297,918 992,292
Intangible assets, net 1,895,074 1,084,415
TOTAL NON-CURRENT ASSETS 4,512,394 3,563,379
TOTAL ASSETS 30,095,349 13,033,356
CURRENT LIABILITIES    
Accounts payable 297,778 196,963
Accrued expenses and other current liabilities 2,874,216 1,201,142
Current operating lease liability 317,344 682,718
TOTAL CURRENT LIABILITIES 3,489,338 2,080,823
Warrant liability 15,012,361
Non-current operating lease liability 317,344
TOTAL LIABILITIES 18,501,699 2,398,167
Commitments and contingencies (Note 12)
STOCKHOLDERS’ EQUITY    
Common stock, Par $0.00001; 200,000,000 shares authorized, 199,110(1) and 5,147(1) shares issued and outstanding as of December 31, 2024 and 2023, respectively 2  
Additional paid-in capital [1] 200,863,551 170,652,808
Accumulated deficit (189,269,903) (160,017,619)
TOTAL STOCKHOLDERS’ EQUITY 11,593,650 10,635,189
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 30,095,349 $ 13,033,356
[1] All information has been retroactively adjusted to reflect the 1-for-100 reverse stock split effected on July 3, 2024 and the 1-for-150 reverse stock split effected on February 18, 2025. See Note 7, Capital Structure for details.