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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (14,563,017) $ (14,626,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 202,938 176,509
Amortization of right-of-use assets 349,892 402,940
Realized gains, net, on investment securities (61,983) (6,059)
Stock-based compensation 364,177 625,589
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 31,829
Advances, deposits, and other current assets 324,580 135,517
Accounts payable and accrued liabilities (2,330,958) (3,940,670)
Net cash used in operating activities (14,433,986) (15,249,883)
Cash flows from investing activities:    
Purchases of investment securities (57,174) (3,738,190)
Proceeds from sale and maturity of investment securities 9,915,448 18,500,000
Purchases of property and equipment (14,634) (451,759)
Net cash provided by investing activities 9,843,640 14,310,051
Cash flows from financing activities:    
Proceeds from sale of common stock equity, net of issuance costs 9,063,715 2,751,190
Payoff of the SVB loan and accrued end-of-term fees (6,420,000)
Net cash provided by (used in) financing activities 9,063,715 (3,668,810)
Net change in cash and cash equivalents 4,473,369 (4,608,642)
Cash and cash equivalents at beginning of period 5,838,566 17,492,841
Cash and cash equivalents at end of period 10,311,935 12,884,199
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