Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 41,689,591	$ 56,560,517
Prepaid expenses and other assets	3,364,852	2,494,558
Total current assets	45,054,443	59,055,075
Property and equipment, net	142,020	134,132
Financing lease right-of-use assets	162,194	200,873
Total assets	45,358,657	59,390,080
Current liabilities:
Accounts payable	1,684,868	6,982,824
Accrued expenses	2,841,214	2,424,692
Note payable - short term	12,500,000	4,166,667
Financing lease obligation - short term	61,119	55,794
Total current liabilities	17,087,201	13,629,977
Noncurrent liabilities:
Note payable, net of debt discount	9,204,755	19,506,183
Financing lease obligation-long term	61,853	122,973
Total liabilities	26,353,809	33,259,133
Commitments and contingencies (Note 11)
STOCKHOLDERS' EQUITY
Common stock, $0.00033 par value, 150,000,000 shares authorized at December 31, 2024 and December 31, 2023, 37,987,380 shares and 33,094,521 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively	12,536	10,921
Additional paid-in capital	201,103,311	170,620,641
Accumulated deficit	(182,110,999)	(144,500,615)
Total stockholders' equity	19,004,848	26,130,947
Total liabilities and stockholders' equity	$ 45,358,657	$ 59,390,080

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).