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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (14,626,844) $ (22,665,559)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 176,509 117,371
Amortization of right-of-use assets 402,940 396,181
Recognition of deferred revenue (375,000)
Realized and unrealized losses, net, on investment securities (6,059) (17,450)
Stock-based compensation 625,589 1,962,807
Realization of deferred income tax asset 1,567,026 1,383,446
Loss on extinguishment of debt 329,158
Amortization of deferred finance charges and debt discount associated with notes payable 55,122 135,572
Net changes in:    
Accrued interest receivable on investment securities 31,829 78,349
Advances, deposits, and other current assets 135,517 (273,646)
Accounts payable and accrued liabilities (3,940,670) 1,168,592
Net cash used in operating activities (15,249,883) (18,089,337)
Cash flows from investing activities:    
Purchases of investment securities (3,738,190) (8,386,300)
Proceeds from sale and maturity of investment securities 18,500,000 27,775,000
Purchases of property and equipment (451,759) (222,891)
Net cash provided by investing activities 14,310,051 19,165,809
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 2,751,190 6,275,346
Payoff of the SVB loan and accrued end-of-term fees (6,420,000)
Net cash (used in) provided by financing activities (3,668,810) 6,275,346
Net change in cash, cash equivalents and restricted cash (4,608,642) 7,351,818
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 12,884,199 32,938,090
Supplemental disclosures of cash flow information:    
Interest paid (179,542) (4,742,734)
Recognition of right of use asset and liability 1,911,049
Cash paid for amounts included in measurement of lease liabilities:    
Operating cash flows for lease payments $ 510,779 $ 450,721