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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating expenses:    
Research and development expenses $ 22,565,524 $ 27,762,784
General and administrative expenses 13,755,671 15,282,450
Total operating expenses 36,321,195 43,045,234
Loss from operations (36,321,195) (43,045,234)
Interest income (expense), net    
Interest income 2,514,816 2,902,939
Interest expense (4,673,174) (4,205,922)
Interest income (expenses), net (2,158,358) (1,302,983)
Loss before income taxes (38,479,553) (44,348,217)
Benefit from income taxes 869,169 1,406,019
Net loss (37,610,384) (42,942,198)
Comprehensive loss $ (37,610,384) $ (42,942,198)
Per share information:    
Net loss per share, basic (in dollars per share) $ (1.03) $ (1.39)
Net loss per share, diluted (in dollars per share) $ (1.03) $ (1.39)
Weighted average common shares outstanding, basic (in shares) 36,452,707 30,952,060
Weighted average common shares outstanding, diluted (in shares) 36,452,707 30,952,060