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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 29,757,328 $ 38,339,762
Prepaids and other current assets 3,670,319 5,968,666
Total current assets 33,427,647 44,308,428
Fixed assets, net 24,908 38,588
Total assets 33,452,555 44,347,016
Current liabilities:    
Accounts payable 931,344 1,588,128
Accrued expenses 2,838,685 1,388,060
Deferred collaboration revenue 731,075 848,286
Total current liabilities 4,501,104 3,824,474
Deferred collaboration revenue 641,158 945,447
Total liabilities 5,142,262 4,769,921
Commitments and contingencies (Note 6)
Stockholders' equity:    
Series A convertible preferred stock, $0.0001 par value: 10,000,000 shares authorized, none issued or outstanding as of June 30, 2025 or December 31, 2024
Common stock, $0.0001 par value; 200,000,000 shares authorized; 16,724,998 and 16,707,441 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1,673 1,671
Additional paid-in capital 82,447,524 80,312,594
Accumulated deficit (54,138,904) (40,737,170)
Total stockholders' equity 28,310,293 39,577,095
Total liabilities and stockholders' equity $ 33,452,555 $ 44,347,016