Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 54,527,092	$ 142,823,016
Marketable securities	46,624,180	0
Prepaid expenses and other current assets	2,921,206	4,987,317
Total current assets	104,072,478	147,810,333
Deferred offering costs	267,261	0
Fixed assets, net	0	5,764
Right-of-use assets	266,955	510,814
Total assets	104,606,694	148,326,911
Current liabilities:
Accounts payable	180,453	1,338,057
Accrued expenses	12,118,367	5,536,464
Current portion of debt	31,372	15,146,546
Operating lease liabilities	271,631	239,183
Deferred collaboration revenue	6,000,000	0
Total current liabilities	18,601,823	22,260,250
Deferred collaboration revenue, long-term	0	6,000,000
Operating lease liabilities, long-term	0	271,631
Long-term debt, net of current portion	15,000,000	0
Total liabilities	33,601,823	28,531,881
Commitments and contingencies (Notes 3, 9, & 13)
Stockholders' equity:
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding	0	0
Common stock, voting, $0.001 par value; 150,000,000 authorized and 59,648,278 and 59,195,951 shares issued and outstanding, respectively	59,648	59,196
Additional paid-in capital	521,018,373	513,994,982
Accumulated other comprehensive income	37,442	0
Accumulated deficit	(450,110,592)	(394,259,148)
Total stockholders’ equity	71,004,871	119,795,030
Total liabilities and stockholders’ equity	$ 104,606,694	$ 148,326,911