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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (9,717,542) $ (11,150,230)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 138,633 108,482
Amortization of right-of-use assets 224,947 272,675
Realized (gains and) losses, net, on investment securities (61,983) 136,257
Stock-based compensation 131,930 529,027
Realization of deferred income tax asset 1,280,385 1,567,026
Loss on extinguishment of debt 329,158
Amortization of deferred finance charges and debt discount associated with notes payable 55,122
Net changes in:    
Accrued interest on investment securities 48,443
Advances, deposits, and other current assets 205,278 138,352
Accounts payable and accrued liabilities (2,580,165) (2,811,064)
Net cash used in operating activities (10,378,517) (10,776,752)
Cash flows from investing activities:    
Purchases of investment securities (57,174) (3,646,246)
Proceeds from sale and maturity of investment securities 9,915,448 7,500,000
Purchases of property and equipment (11,755) (211,412)
Net cash provided by investing activities 9,846,519 3,642,342
Cash flows from financing activities:    
Proceeds from sale of common stock equity, net of issuance costs 2,672,926
Payoff of the SVB loan and accrued end-of-term fees (6,420,000)
Net cash used in financing activities (3,747,074)
Net change in cash and cash equivalents (531,998) (10,881,484)
Cash and cash equivalents at beginning of period 5,838,566 17,492,841
Cash and cash equivalents at end of period 5,306,568 6,611,357
Supplemental disclosures of cash flow information:    
Interest paid (179,542)
Non-cash investing and financing activities:    
Recognition of operating lease right-of-use asset and liability $ 1,911,049