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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:              
Net loss $ (10,726,658) $ (10,603,477) $ (10,849,169) $ (9,659,918) $ (29,658,032) $ (32,043,982)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation expense         5,204,005 6,259,464  
Issuance of shares in consulting agreement         267,000 610,000  
Amortization of debt discount 305,125   158,397   859,135 391,920  
Depreciation expense         15,654 12,624  
Operating lease expense         0 160,685  
Finance lease depreciation expense         29,010 30,297  
Changes in assets and liabilities:              
Prepaid expenses and other assets         114,499 73,205  
Accounts payable         (5,681,904) 4,147,277  
Accrued expenses         2,054,849 (4,580,981)  
Operating lease liabilities         0 (239,469)  
Net cash used in operating activities         (26,795,784) (25,178,960)  
Cash flows from investing activities:              
Purchase of equipment         (29,000) 0  
Net cash used in investing activities         (29,000) 0  
Cash flows from financing activities:              
Proceeds from exercise of stock options         629,591 8,849  
Payments of finance lease obligations         (41,366) (46,129)  
Proceeds from issuance of common stock, net of issuance costs         19,427,294 5,647,467 $ 16,100,000
Net cash provided by financing activities         20,015,519 5,610,187  
Net decrease in cash and cash equivalents         (6,809,265) (19,568,773)  
Cash and cash equivalents at beginning of period   $ 56,560,517   $ 73,820,160 56,560,517 73,820,160 73,820,160
Cash and cash equivalents at the end of period $ 49,751,252   $ 54,251,387   49,751,252 54,251,387 $ 56,560,517
Supplemental information of cash and non-cash transactions:              
Cash paid for interest         $ 2,721,354 $ 2,624,653