Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 56,490,579 $ 9,165,179
Marketable securities 41,052,949 4,086,873
Prepaid research and development 81,308 219,817
Prepaid expenses and other current assets 826,473 739,179
Total current assets 98,451,309 14,211,048
Equipment and improvements, net 47,100 73,372
Right-of-use asset 101,437 222,227
Total assets 98,599,846 14,506,647
Current liabilities:    
Accounts payable 943,019 646,767
Lease obligation, current 110,517 150,095
Accrued expenses and other current liabilities 2,680,030 2,259,955
Insurance premium financing payable 0 381,784
Total current liabilities 3,733,566 3,438,601
Lease obligation, net of current portion 0 90,124
Total liabilities 3,733,566 3,528,725
Commitments and contingencies (see Note 14)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized; 69,362,439 and 6,186,280 shares issued and outstanding at December 31, 2024 and December 31, 2023 69,362 6,186
Additional paid-in capital 189,254,777 77,871,584
Accumulated other comprehensive (loss) income (37,248) 877
Accumulated deficit (94,420,611) (66,900,725)
Total stockholders' equity 94,866,280 10,977,922
Total liabilities and stockholders' equity $ 98,599,846 $ 14,506,647