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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:              
Cash and cash equivalents $ 3,093,862   $ 5,506,941     $ 6,452,589  
Government contract receivable 532,771   659,409     0  
Prepaid expenses 1,508,915   1,768,533     1,433,153  
Total current assets 5,135,548   7,934,883     7,885,742  
Property and equipment, net 143,862   149,974     209,689  
Other assets 71,010   71,010     1,187,788  
Total assets 5,350,420   8,155,867     9,283,219  
Current liabilities:              
Accounts payable 1,830,148   1,849,760     2,802,950  
Accrued expenses 699,076   1,257,572     716,931  
Total current liabilities 2,529,224   3,107,332     3,519,881  
Stockholders’ equity:              
Issued and outstanding shares – 10,536,875 and 1,977,152 at December 31, 2024 and 2023, respectively 15,925   10,537     1,977  
Additional paid-in capital 142,888,786   134,394,079     110,125,146  
Accumulated deficit (140,083,515)   (129,356,081)     (104,363,785)  
Total stockholders’ equity 2,821,196 $ 7,898,030 5,048,535 $ (2,309,226) $ 54,275 5,763,338 $ 26,600,034
Total liabilities and stockholders’ equity $ 5,350,420   $ 8,155,867     $ 9,283,219