Securities Issuances	6 Months Ended
Jun. 30, 2025
Securities Issuances
Securities Issuances	(9) Securities Issuances At the Market Offering The Company entered into the At-the-Market Agreement (ATM Agreement) with H.C. Wainwright & Co., LLC (HCW) in January 2023, as amended in May 2023, pursuant to which the Company can issue and sell, from time to time, shares of the Company’s common stock having an aggregate offering price of up to $23.5 million in at-the-market offerings sales. HCW acts as sales agent and is paid a 3% commission on each sale under the ATM Agreement. The Company’s common stock is sold at prevailing market prices at the time of the sale, and, as a result, prices will vary. During the three months ended June 30, 2025 and 2024, the Company sold 364,963 and 31,858 shares of common stock, respectively, under the ATM Agreement, for net proceeds of $1,578,731 and $354,259. During the six months ended June 30, 2025 and 2024, the Company sold 565,447 and 55,858 shares of common stock, respectively, under the ATM Agreement, for net proceeds of $2,599,099 and $3,469,543. Purchase Agreement with Lincoln Park In April 2023, the Company entered into a purchase agreement (the Original LP Purchase Agreement) and a registration rights agreement (the Registration Rights Agreement) with Lincoln Park Capital Fund, LLC (Lincoln Park). Pursuant to the terms of the Original LP Purchase Agreement, Lincoln Park has agreed to purchase from the Company up to $12 million of the Company’s common stock subject to certain limitations and satisfaction of the conditions set forth in the Original LP Purchase Agreement. Pursuant to the terms of the Registration Rights Agreement, the Company filed with the SEC registration statements to register for resale under the Securities Act 2,685,417 shares of common stock that have been or may be issued to Lincoln Park under the Original LP Purchase Agreement. During the three months ended June 30, 2025 and 2024, the Company sold 674,006 and 89,420 shares of common stock under the Original LP Purchase Agreement, for net proceeds of $2,613,247 and $755,703. During the six months ended June 30, 2025 and 2024, the Company sold 897,415 and 89,420 shares of common stock under the Original LP Purchase Agreement, for net proceeds of $3,513,236 and $755,703. As of June 30, 2025, the Company sold to Lincoln Park the maximum dollar value worth of common stock pursuant to the Original LP Purchase Agreement, and the Original LP Purchase Agreement thereupon expired in accordance with its terms.

Securities Issuances

6 Months Ended

Jun. 30, 2025

(9) Securities Issuances

At the Market Offering

The Company entered into the At-the-Market Agreement (ATM Agreement) with H.C. Wainwright & Co., LLC (HCW) in January 2023, as amended in May 2023, pursuant to which the Company can issue and sell, from time to time, shares of the Company’s common stock having an aggregate offering price of up to $23.5 million in at-the-market offerings sales. HCW acts as sales agent and is paid a 3% commission on each sale under the ATM Agreement. The Company’s common stock is sold at prevailing market prices at the time of the sale, and, as a result, prices will vary.

During the three months ended June 30, 2025 and 2024, the Company sold 364,963 and 31,858 shares of common stock, respectively, under the ATM Agreement, for net proceeds of $1,578,731 and $354,259. During the six months ended June 30, 2025 and 2024, the Company sold 565,447 and 55,858 shares of common stock, respectively, under the ATM Agreement, for net proceeds of $2,599,099 and $3,469,543.

Purchase Agreement with Lincoln Park

In April 2023, the Company entered into a purchase agreement (the Original LP Purchase Agreement) and a registration rights agreement (the Registration Rights Agreement) with Lincoln Park Capital Fund, LLC (Lincoln Park). Pursuant to the terms of the Original LP Purchase Agreement, Lincoln Park has agreed to purchase from the Company up to $12 million of the Company’s common stock subject to certain limitations and satisfaction of the conditions set forth in the Original LP Purchase Agreement. Pursuant to the terms of the Registration Rights Agreement, the Company filed with the SEC registration statements to register for resale under the Securities Act 2,685,417 shares of common stock that have been or may be issued to Lincoln Park under the Original LP Purchase Agreement.

During the three months ended June 30, 2025 and 2024, the Company sold 674,006 and 89,420 shares of common stock under the Original LP Purchase Agreement, for net proceeds of $2,613,247 and $755,703. During the six months ended June 30, 2025 and 2024, the Company sold 897,415 and 89,420 shares of common stock under the Original LP Purchase Agreement, for net proceeds of $3,513,236 and $755,703. As of June 30, 2025, the Company sold to Lincoln Park the maximum dollar value worth of common stock pursuant to the Original LP Purchase Agreement, and the Original LP Purchase Agreement thereupon expired in accordance with its terms.