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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,260,234 $ 1,795,989
Tax credits receivable 9,923 118,383
Income tax receivable 0 6,836
Deferred offering costs 0 67,859
Prepaid expenses 364,673 448,257
Total current assets 7,634,830 2,535,579
Property and equipment, net 638,107 710,075
Financing lease right-of-use asset 28,392 40,002
Operating lease right-of-use asset 606,033 828,960
Intangible assets, net 248,739 210,881
Deferred patent costs 536,390 742,229
Deferred issuance costs 37,477 0
Other assets 47,531 47,760
Total assets 9,777,499 5,115,486
Current liabilities:    
Accounts payable 588,460 897,272
Current financing lease liability 15,687 14,600
Current operating lease liability 276,839 307,655
Accrued expenses 486,981 383,668
Total current liabilities 1,367,967 1,603,195
Long-term financing lease liability 14,266 26,169
Long-term operating lease liability 336,556 537,523
Warrant liability 457 35,453
Total liabilities 1,719,246 2,202,340
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock; $0.0001 par value; 10,000,000 shares authorized at September 30, 2024 and December 31, 2023; 0 shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock; $0.0001 par value, 100,000,000 shares authorized at September 30, 2024 and December 31, 2023, 7,626,056 and 403,246 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 763 40
Additional paid-in capital 63,230,182 51,510,269
Accumulated deficit (55,172,692) (48,597,163)
Total stockholders' equity 8,058,253 2,913,146
Total liabilities and stockholders' equity 9,777,499 5,115,486
Nonrelated Party    
Current assets:    
Accounts receivable 0 8,255
Related Party    
Current assets:    
Accounts receivable $ 0 $ 90,000