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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 40,359,738 $ 50,999,442
Prepaid expenses and other current assets 714,541 174,938
Total current assets 41,074,279 51,174,380
Goodwill 9,600,240 9,600,240
In-process research and development 4,800,000 4,800,000
Property and equipment, net 25,507 45,800
Right-of-use asset 356,904 575,406
Other non-current assets 18,996 74,151
Total assets 55,875,926 66,269,977
Current liabilities:    
Accounts payable 1,102,494 1,003,937
Accrued liabilities and other current liabilities 1,662,860 2,059,238
Operating lease liability 193,769 215,926
Total current liabilities 2,959,123 3,279,101
Deferred tax liability 201,792 201,792
Other non-current liabilities 211,460 410,660
Total liabilities 3,372,375 3,891,553
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2024 and December 31, 2023; 49,046,246 and 49,046,246 shares issued and outstanding at December 31, 2024 and December 31,2023, respectively 49,046 49,046
Additional paid-in capital 479,340,901 478,149,161
Accumulated other comprehensive loss (135,154) (118,090)
Accumulated deficit (426,751,242) (415,701,693)
Total stockholders’ equity 52,503,551 62,378,424
Total liabilities and stockholders’ equity $ 55,875,926 $ 66,269,977