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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities:    
Net loss $ (7,508,117) $ (4,301,313)
Stock based compensation 681,843 619,436
Amortization of intangibles 50,000 50,000
Realized and unrealized gain and accrued interest on investments (140,996) (121,026)
Changes in assets and liabilities:    
Increase in accounts payable and accrued expenses 156,567 371,070
Decrease (increase) in prepaid expenses and other assets 480,193 (59,662)
Net cash used in operating activities (6,280,510) (3,441,495)
Cash flows provided (used) in investing activities:    
Purchase of investments   (9,649,774)
Proceeds from redemption of investments 4,452,701 8,339,000
Net cash provided (used) in investing activities 4,452,701 (1,310,774)
Cash flows provided by financing activities:    
Payment of amounts due to officers (300,000) (300,000)
Proceeds from sale of equity securities, net 172,958 5,496,197
Net cash (used) provided in financing activities (127,042) 5,196,197
Net change in cash and cash equivalents: (1,954,851) 443,928
Cash and cash equivalents - beginning of period 3,623,343 2,401,198
Cash and cash equivalents - end of period $ 1,668,492 2,845,126
Supplemental information - Non cash items:    
Offering expenses associated with warrant modification   $ 209,225