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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2024
Accounting Policies [Abstract] |
Schedule of Investment Securities | Investment securities are as follows: Schedule of Investment Securities
|  | March 31, 2024 |  |  | December 31, 2023 |
Investment securities, at amortized cost: |  |  |  |  |  |  |  |
U.S Treasury Bills |  | $ | 21,381,362 |  |  | $ | 24,658,611 |
Investment securities, at amortized cost |  | $ | 21,381,362 |  |  | $ | 24,658,611 |
Schedule of Investment Securities Broker Dealer | Broker/Dealer Securities Schedule of Investment Securities Broker Dealer
|  | March 31, 2024 |  |  | December 31, 2023 |
Investment securities, at fair value: |  |  |  |  |  |  |  |
Common stock of publicly traded companies |  | $ | 2,389,011 |  |  | $ | 2,603,579 |
Warrants of publicly traded companies |  |  | 2,610,226 |  |  |  | 3,168,055 |
Investment securities, at fair value |  | $ | 4,999,237 |  |  | $ | 5,771,634 |
Schedule of Investment Securities Non Broker Dealer | Non-Broker/Dealer Securities Schedule of Investment Securities Non Broker Dealer
|  | March 31, 2024 |  |  | December 31, 2023 |
Investment securities, at cost less impairment |  |  |  |  |  |  |  |
Simple agreement on future equities (not market listed) |  | $ | 200,000 |  |  | $ | 200,000 |
Investment securities, at cost less impairment |  | $ | 200,000 |  |  | $ | 200,000 |
Schedule of Amortized Cost, Unrealized Holding Loss and Fair Value of Held to Maturity Securities | The amortized cost, excluding gross unrealized holding loss and fair value of held to maturity securities on March 31, 2024 and December 31, 2023 are as follows: Schedule of Amortized Cost, Unrealized Holding Loss and Fair Value of Held to Maturity Securities
|  | Amortized Cost as of March 31, 2024 |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value (Level 1) as of March 31, 2024 |
U.S Treasury Bills maturing 04/04/24, 04/18/24, 04/23/24 and 6/11/24 |  | $ | 21,381,362 |  |  | $ | 1,035 |  |  | $ | - |  |  | $ | 21,382,397 |
Total assets |  | $ | 21,381,362 |  |  | $ | 1,035 |  |  | $ | - |  |  | $ | 21,382,397 |
|  | Amortized Cost as of December 31, 2023 |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value (Level 1) as of December 31, 2023 |
U.S Treasury Bills maturing 02/13/24, 04/04/24, 04/18/24 and 04/23/24 |  | $ | 24,658,611 |  |  | $ | 6,031 |  |  | $ | - |  |  | $ | 24,664,642 |
Total assets |  | $ | 24,658,611 |  |  | $ | 6,031 |  |  | $ | - |  |  | $ | 24,664,642 |
Schedule of Fair Value of Financial Assets and Liabilities Measured at Fair Value On a Recurring Basis | The following table sets forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 except for the Level 3 investment that is recorded at cost: Schedule of Fair Value of Financial Assets and Liabilities Measured at Fair Value On a Recurring Basis
Assets |  | Classification |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Investment Securities (held by our licensed broker dealer) |  | Equity securities–- common stock |  | $ | 2,389,011 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,389,011 |
Investment Securities (held by our licensed broker dealer) |  | Warrants |  |  | - |  |  |  | 17,680 |  |  |  | 2,592,546 |  |  |  | 2,610,226 |
Total assets measured at fair value (held by our licensed broker dealer) |  |  |  | $ | 2,389,011 |  |  | $ | 17,680 |  |  | $ | 2,592,546 |  |  | $ | 4,999,237 |
The following table sets forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023, except for the Level 3 investment that is recorded at cost:
Assets |  | Classification |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Investment Securities (held by our licensed broker dealer) |  | Equity securities - common stock |  | $ | 2,603,579 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,603,579 |
Investment Securities (held by our licensed broker dealer) |  | Warrants |  |  | - |  |  |  | 34,597 |  |  |  | 3,133,458 |  |  |  | 3,168,055 |
Total assets measured at fair value (held by our licensed broker dealer) |  |  |  | $ | 2,603,579 |  |  | $ | 34,597 |  |  | $ | 3,133,458 |  |  | $ | 5,771,634 |
Schedule of Reconciliation of Fair Value Measurements Within Level 3 of Fair Value Hierarchy | Reconciliation of fair value measurements categorized within Level 3 of the fair value hierarchy: Schedule of Reconciliation of Fair Value Measurements Within Level 3 of Fair Value Hierarchy
December 31, 2023 |  | $ | 3,133,458 |
Receipt from investment banking fees |  |  | - |
Realized gains |  |  | - |
Unrealized losses |  |  | (540,912 | )
Sales or distribution |  |  |  |
Purchases |  |  | - |
March 31, 2024 |  | $ | 2,592,546 |
Ending Balance |  | $ | 2,592,546 |
Reconciliation of fair value measurements categorized within Level 3 of the fair value hierarchy:
December 31, 2022 |  | $ | - |
Beginning Balance |  | $ | - |
Receipt from investment banking fees |  |  | 2,645,620 |
Realized gains |  |  | - |
Unrealized gains |  |  | 652,925 |
Sales or distribution |  |  | (165,087 | )
Purchases |  |  | - |
December 31, 2023 |  | $ | 3,133,458 |
Ending Balance |  | $ | 3,133,458 |
Schedule of Significant Unobservable Inputs Related to Material Components of Level 3 Warrants | The following table presents information about significant unobservable inputs related to material components of Level 3 warrants as of March 31, 2024. Schedule of Significant Unobservable Inputs Related to Material Components of Level 3 Warrants
Assets |  | Fair Value |  |  | Valuation Techniques |  | Significant Unobservable Inputs |  | Range of Inputs |  |  | Weighted-Average |
Warrants |  | $ | 2,592,546 |  |  | Black Scholes |  | Volatility |  |  | 96.26 -106.28 | % |  |  | 99.60 | %
Schedule of Estimated Useful Lives of Property and Equipment | Schedule of Estimated Useful Lives of Property and Equipment
Laboratory equipment |  | 5 years
Furniture and fixtures |  | 7 years
Leasehold improvements |  | Lesser of the lease duration or the life of the improvements
Schedule of Property And Equipment | Property and equipment consist of the following as of March 31, 2024 and December 31, 2023, respectively: Schedule of Property And Equipment
|  | March 31, 2024 |  |  | December 31, 2023 |
Laboratory equipment |  | $ | 1,030,004 |  |  | $ | 885,696 |
Furniture and fixtures |  |  | 54,338 |  |  |  | 49,838 |
Developed software |  |  | 107,458 |  |  |  | 113,114 |
Leasehold improvements |  |  | 279,161 |  |  |  | 279,161 |
Total property and equipment |  |  | 1,470,961 |  |  |  | 1,327,809 |
Less: Accumulated depreciation |  |  | (524,111 | ) |  |  | (461,319 | )
Property and equipment, net |  | $ | 946,850 |  |  | $ | 866,490 |
Schedule of Changes in Deferred Revenue | Schedule of Changes in Deferred Revenue
Balance as of December 31, 2022 |  | $ | - |
Amounts billed but not recognized |  |  | - |
Revenue recognized |  |  | - |
Balance as of March 31, 2023 |  |  | - |
Amounts billed but not recognized |  |  | 100,000 |
Revenue recognized |  |  | 80,000 |
Balance as of December 31, 2023 |  |  | 20,000 |
Amounts billed but not recognized |  |  | - |
Revenue recognized |  |  | - |
Balance as of March 31, 2024 |  | $ | 20,000 |
Summary of Grants Receivable Activity | Summary of grants receivable activity for the three-months ended March 31, 2024 and 2023, is presented below: Summary of Grants Receivable Activity
|  | 2024 |  |  | 2023 |
Balance at beginning of period |  | $ | 882,319 |  |  | $ | 809,532 |
Grant costs expensed |  |  | 674,158 |  |  |  | 766,867 |
Grants for equipment purchased |  |  | 6,379 |  |  |  | - |
Grant fees |  |  | 28,163 |  |  |  | 26,673 |
Grant funds received |  |  | (479,408 | ) |  |  | (590,418 | )
Balance at end of period |  | $ | 1,111,611 |  |  | $ | 1,012,654 |

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