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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of Investment Securities | Investment securities are as follows: Schedule of Investment Securities
|  | June 30, 2024 |  |  | December 31, 2023 |
Investment securities, at amortized cost: |  |  |  |  |  |  |  |
U.S Treasury Bills |  | $ | 5,041,692 |  |  | $ | 24,658,611 |
Investment securities, at amortized cost |  | $ | 5,041,692 |  |  | $ | 24,658,611 |
Schedule of Investment Securities Broker Dealer | Broker/Dealer Securities Schedule of Investment Securities Broker Dealer
|  | June 30, 2024 |  |  | December 31, 2023 |
Investment securities, at fair value: |  |  |  |  |  |  |  |
Common stock of publicly traded companies |  | $ | 2,799,577 |  |  | $ | 2,603,579 |
Warrants of publicly traded companies |  |  | 3,485,866 |  |  |  | 3,168,055 |
Investment securities, at fair value |  | $ | 6,285,443 |  |  | $ | 5,771,634 |
Schedule of Investment Securities Non Broker Dealer | Non-Broker/Dealer Securities Schedule of Investment Securities Non Broker Dealer
|  | June 30, 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 June 30, 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 |  |  |  | Gross Unrealized Gains |  |  |  | Gross Unrealized Losses |  |  |  | Fair Value |
|  | Amortized Cost as of June 30, 2024 |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value (Level 1) as of June 30, 2024 |
U.S Treasury Bills maturing 10/11/24 |  | $ | 5,041,692 |  |  | $ | - |  |  | $ | 24,689 |  |  | $ | 5,017,003 |
Total assets |  | $ | 5,041,692 |  |  | $ | - |  |  | $ | 24,689 |  |  | $ | 5,017,003 |
|  | 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 June 30, 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 |  | $ | 2,799,577 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,799,577 |
Investment Securities (held by our licensed broker dealer) |  | Warrants |  |  | - |  |  |  | 308,214 |  |  |  | 3,177,652 |  |  |  | 3,485,866 |
Total assets measured at fair value (held by our licensed broker dealer) |  |  |  | $ | 2,799,577 |  |  | $ | 308,214 |  |  | $ | 3,177,652 |  |  | $ | 6,285,443 |
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 |
Beginning Balance |  | $ | 3,133,458 |
Receipt from investment banking fees |  |  | 315,885 |
Realized gains |  |  | - |
Unrealized losses |  |  | (271,691 | )
Sales or distribution |  |  |  |
Purchases |  |  | - |
June 30, 2024 |  | $ | 3,177,652 |
Ending Balance |  | $ | 3,177,652 |
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 June 30, 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 |  |  | $ | 3,485,886 |  |  | Black Scholes |  | Volatility |  |  |  | 83.02 -112.83 | % |  |  | 110.58 | %
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 June 30, 2024 and December 31, 2023, respectively: Schedule of Property And Equipment
|  | June 30, 2024 |  |  | December 31, 2023 |
Laboratory equipment |  | $ | 1,067,241 |  |  | $ | 885,696 |
Furniture and fixtures |  |  | 54,338 |  |  |  | 49,838 |
Developed software |  |  | 101,803 |  |  |  | 113,114 |
Leasehold improvements |  |  | 279,161 |  |  |  | 279,161 |
Total property and equipment |  |  | 1,502,543 |  |  |  | 1,327,809 |
Less: Accumulated depreciation |  |  | (592,256 | ) |  |  | (461,319 | )
Property and equipment, net |  | $ | 910,287 |  |  | $ | 866,490 |
Schedule of Changes in Deferred Revenue | Patent Vest’s contract liabilities which is presented as deferred revenue, consist of advance payments. The table below shows 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 |  |  | - |
Revenue recognized |  |  | - |
Balance as of June 30, 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 |
Amounts billed but not recognized |  |  | - |
Revenue recognized |  |  | 20,000 |
Balance as of June 30, 2024 |  | $ | - |
Summary of Grants Receivable Activity | Summary of grants receivable activity for the six-months ended June 30, 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 |  |  | 1,272,127 |  |  |  | 1,467,202 |
Grants for equipment purchased |  |  | 6,379 |  |  |  | - |
Grant fees |  |  | 39,372 |  |  |  | 54,886 |
Grant funds received |  |  | (1,053,026 | ) |  |  | (1,257,596 | )
Balance at end of period |  | $ | 1,147,171 |  |  | $ | 1,074,024 |

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