v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 46,421,299 $ 68,415,741
Short-term investments 12,802,650 0
Prepaid expenses 575,382 201,962
Other current assets 3,228,450 2,209,544
Total current assets 63,027,781 70,827,247
Property and equipment, net 1,304,148 1,432,752
Operating lease right-of-use asset 407,401 449,864
Other assets 53,910 53,910
Total assets 64,793,240 72,763,773
Current liabilities    
Accounts payable 1,713,832 569,252
Accrued payroll liabilities 656,131 1,114,255
Other current liabilities 847,849 654,201
Estimate for accrued legal contingencies and related expenses 1,913,003 1,818,751
Operating lease liability, current portion 188,645 182,428
Total current liabilities 5,319,460 4,338,887
Non-current liabilities    
Operating lease liability, net of current portion 223,466 273,162
Total liabilities 5,542,926 4,612,049
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.001 par value; 200,000 shares authorized at March 31, 2025 and December 31, 2024; no shares issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized at March 31, 2025 and December 31, 2024; 30,974,559 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 30,975 30,975
Additional paid-in-capital 201,272,330 199,070,421
Accumulated deficit (142,052,991) (130,949,672)
Total stockholders’ equity 59,250,314 68,151,724
Total liabilities and stockholders’ equity $ 64,793,240 $ 72,763,773

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