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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,140,899 $ 6,506,750
Short-term investment securities 2,842,419 2,756,577
Restricted cash and cash equivalents, current 1,588,384
Interest receivable 34,736 24,248
Accounts receivable 715,317 237,027
Prepaid expenses and other current assets 84,984 303,066
Total current assets 7,406,739 9,827,668
Non-current assets:    
Long-term investment securities 409,670
Restricted cash and cash equivalents, noncurrent 245,147
Operating lease right-of-use asset, net 65,961 92,211
Other assets 10,529 10,396
Total assets 8,138,046 9,930,275
Current liabilities:    
Accounts payable 738,794 482,320
Accrued expenses 929,850 970,462
Deferred research and development obligations 1,833,531 833,813
Operating lease liability, current portion 57,577 54,249
Total current liabilities 3,661,552 2,448,017
Non-current liabilities:    
Operating lease liability, net of current portion 5,054 34,621
Total liabilities 8,667,747 7,459,985
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $.0001 par value: Authorized shares - 5,000,000; none issued and outstanding
Common stock, $.001 par value: Authorized shares - 100,000,000; issued shares - 42,389,300 and 42,089,301, outstanding shares - 30,135,798 and 29,835,799 as of June 30, 2025, and December 31, 2024, respectively 42,390 42,090
Additional paid-in capital 108,265,657 107,444,595
Treasury stock, shares held at cost - 12,253,502 (18,929,915) (18,929,915)
Accumulated deficit (89,907,833) (86,086,480)
Total stockholders’ equity (529,701) 2,470,290
Total liabilities and stockholders’ equity 8,138,046 9,930,275
Nonrelated Party [Member]    
Current liabilities:    
Accrued interest- related party 80,000 80,000
Non-current liabilities:    
Convertible notes, net of issuance costs - related party 3,930,170 3,911,471
Related Party [Member]    
Current liabilities:    
Accrued interest- related party 21,800 27,173
Non-current liabilities:    
Convertible notes, net of issuance costs - related party $ 1,070,971 $ 1,065,876