Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (19,696,813)	$ (24,929,694)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	2,420,578	3,484,366
Non-cash interest expense	117,525	95,781
Net amortization of premium on marketable securities	(838,915)	(697,119)
Depreciation and amortization expense	123,194	122,263
Write-off of deferred offering costs	267,261	0
Change in operating assets and liabilities:
Prepaid expenses and other current assets	708,358	(330,519)
Accounts payable	849,077	(1,083,623)
Accrued expenses and other liabilities	(4,975,186)	141,560
Net cash used in operating activities	(21,024,921)	(23,196,985)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities	(40,263,712)	(60,614,499)
Maturities of marketable securities	47,000,000	12,000,000
Net cash provided by (used in) investing activities	6,736,288	(48,614,499)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	983,194	0
Proceeds from employee stock purchase plan	19,616	18,191
Net cash provided by financing activities	1,002,810	18,191
NET DECREASE IN CASH AND CASH EQUIVALENTS	(13,285,823)	(71,793,293)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	54,527,092	142,823,016
CASH AND CASH EQUIVALENTS, END OF PERIOD	41,241,269	71,029,723
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest	841,750	884,500
SUPPLEMENTAL INFORMATION AND DISCLOSURES OF NONCASH ACTIVITIES:
Change in right-of-use asset and lease liability due to lease amendment	$ 260,899	$ 0