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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (5,591,365) $ (10,474,332)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 192,678 173,989
Recognition of deferred revenue (125,000)
Stock-based compensation 338,708 994,614
Realization of deferred income tax asset 1,567,026 1,383,446
Amortization of deferred finance charges and debt discount associated with notes payable 44,693 45,315
Net changes in:    
Accrued interest on investment securities 12,577 93,198
Advances, deposits, and other current assets (11,204) 27,256
Accounts payable and accrued liabilities (638,791) (95,006)
Net cash used in operating activities (4,085,678) (7,976,520)
Cash flows from investing activities:    
Purchases of investment securities (3,423,572) (2,966,723)
Proceeds from sale and maturity of investment securities 4,000,000 19,775,000
Purchases of property and equipment (57,142) (55,890)
Net cash provided by investing activities 519,286 16,752,387
Cash flows from financing activities:    
Proceeds from redeemable convertible preferred stock offering 28,500,000
Payment upon redemption of redeemable convertible preferred stock (28,500,000)
Proceeds from sale of common stock equity, net of issuance costs 2,474,364
Net cash provided by financing activities 2,474,364
Net change in cash, cash equivalents and restricted cash (1,092,028) 8,775,867
Cash, cash equivalents and restricted cash at beginning of period 17,492,841 25,586,272
Cash, cash equivalents and restricted cash at end of period 16,400,813 34,362,139
Supplemental disclosures of cash flow information:    
Interest paid (112,459) (4,211,856)
Recognition of Right Use Asset and Liability 1,405,310
Cash paid for amounts included in measurement of lease liabilities:    
Operating cash flows for lease payments 166,705 149,573
Realized and unrealized gains (losses), net, on investment securities $ 97,383 $ (51,004)