Royalty Interest Financing - Schedule of Changes in the Liability Related to the Sale of Future Royalties (Details) - USD ($) |
3 Months Ended | |
---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
|
Class of Warrant or Right [Line Items] | ||
Non-cash interest expense and interest payable associated with the sale of future royalties | $ 10,044 | $ 85,432 |
Royalty revenue | ||
Class of Warrant or Right [Line Items] | ||
Upfront payment from the sale of future royalties | 5,000,000 | |
Debt issuance cost | (276,101) | |
Relative fair value of Initial Royalty Warrant | (834,512) | |
Royalty payments | (4,639) | |
Non-cash interest expense and interest payable associated with the sale of future royalties | 948,497 | |
Liability related to the sale of future royalties | $ 4,833,245 |