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BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 5,811,064 $ 2,767,598
Prepaid expenses and other current assets 1,282,274 1,687,846
Total current assets 7,093,338 4,455,444
Property and equipment, net of depreciation 51,574 120,707
Right-of-use asset, net of amortization 37,731 481,694
Security deposit 111,856 111,856
Total assets 7,294,499 5,169,701
Current liabilities:    
Accounts payable and accrued expenses 2,708,137 3,051,259
Deferred grant income 25,408 27,057
Short-term lease liability 38,291 412,280
Total current liabilities 2,771,836 3,490,596
Long-term liabilities:    
Long-term lease liability   38,291
Long-term liabilities 6,541,397 38,291
Total liabilities 9,313,233 3,528,887
Stockholders' equity:    
Preferred stock - $0.0001 par value; 10,000,000 shares authorized at December 31, 2024, and December 31, 2023; -0- shares issued and outstanding at December 31, 2024 and December 31, 2023
Common stock - $0.0001 par value, 290,000,000 shares authorized at December 31, 2024, and December 31, 2023; 1,029,095 and 19,014 shares issued and outstanding at December 31, 2024, and December 31, 2023, respectively [1] 103 2
Additional paid-in capital 61,183,079 48,057,156
Accumulated deficit (63,201,916) (46,416,344)
Total stockholders' equity (deficit) (2,018,734) 1,640,814
Total liabilities and stockholders' equity (deficit) 7,294,499 $ 5,169,701
Series C warrants    
Long-term liabilities:    
Warrant liability 517,871  
Series D warrants    
Long-term liabilities:    
Warrant liability $ 6,023,526  
[1] Since May 2023, the Company has effected three reverse splits of its common stock, either issued and outstanding or held by the Company as treasury stock, (the “Reverse Splits”).  None of the Reverse Splits resulted in a change in par value per share, nor did any change the number of authorized shares of common stock. The May 2023 Reverse Split was at a ratio of one share for every 20 shares previously held. The January 2024 Reverse Split was at a ratio of one share for every 40 shares previously held. The December 2024 Reverse Split was at a ratio of one share for every 33 shares previously held. All common stock share and per share data, and exercise price data for applicable common stock equivalents, included in these financial statements have been retroactively adjusted to reflect the Reverse Splits.