Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 31,873,495	$ 41,689,591
Prepaid expenses and other assets	1,774,550	3,364,852
Total current assets	33,648,045	45,054,443
Noncurrent assets:
Prepaid expenses	6,554,064	0
Property and equipment, net	131,102	142,020
Financing lease right-to-use assets	142,854	162,194
Total assets	40,476,065	45,358,657
Current liabilities:
Accounts payable	4,497,434	1,684,868
Accrued expenses	1,482,081	2,841,214
Note payable - short term	5,500,000	12,500,000
Financing lease obligation-short term	51,937	61,119
Total current liabilities	11,531,452	17,087,201
Noncurrent liabilities:
Note payable, net of debt discount	12,943,656	9,204,755
Financing lease obligation-long term	41,173	61,853
Total liabilities	24,516,281	26,353,809
Commitments and contingencies (Note 9)
STOCKHOLDERS' EQUITY
Common stock, $0.00033 par value, 150,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; 46,633,362 and 37,987,380 issued and outstanding at June 30, 2025 and December 31, 2024, respectively	15,390	12,536
Additional paid-in capital	215,978,568	201,103,311
Accumulated deficit	(200,034,174)	(182,110,999)
Total stockholders' equity	15,959,784	19,004,848
Total liabilities and stockholders' equity	$ 40,476,065	$ 45,358,657

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).