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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (6,930,653) $ (5,447,911) $ (12,584,598) $ (12,051,940)
Adjustments to reconcile net loss to cash used in operating activities:        
Depreciation and amortization     (74,494) 111,859
Stock-based compensation expense     880,175 1,128,128
Change in operating lease right-of-use asset     46,204 36,626
Change in fair value of warrants (132,000) (501,598) (209,000) (161,598)
Changes in:        
Prepaid expenses and other current assets     288,091 (614,914)
Lease liability     2,747 (40,494)
Accounts payable and accrued liabilities     795,133 (2,906,627)
Cash used in operating activities     (10,855,742) (14,498,960)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property, plant & equipment     (3,378)  
Cash used in investing activities     (3,378)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from exercise of warrants, net of issuance costs (Note 2)     3 2,251,380
Proceeds from issuance of common stock and pre-funded warrants, net of issuance costs (Note 2)     31,657,066  
Cash provided by financing activities     31,657,069 2,251,380
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS     20,797,949 (12,247,580)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD     13,196,033 23,288,607
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 33,993,982 $ 11,041,027 33,993,982 11,041,027
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION        
Settlement of warrants to equity       $ 462,760
Conversion of preferred stock to common stock     1,902,801  
Value of warrants issued to placement agent     1,473,793  
Right of use asset obtained in exchange for operating lease liability     $ 1,119,239