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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 142,823,016 $ 144,419,364
Marketable securities 0 29,881,520
Prepaid expenses and other current assets 4,987,317 6,722,229
Total current assets 147,810,333 181,023,113
Fixed assets, net 5,764 19,279
Right-of-use assets 510,814 249,265
Total assets 148,326,911 181,291,657
Current liabilities:    
Accounts payable 1,338,057 133,625
Accrued expenses 5,536,464 14,065,885
Current portion of long-term debt 15,146,546 911,763
Operating lease liabilities 239,183 249,265
Total current liabilities 22,260,250 15,360,538
Deferred collaboration revenue, long-term 6,000,000 0
Operating lease liabilities, long-term 271,631 0
Long-term debt, net of current portion 0 14,923,090
Total liabilities 28,531,881 30,283,628
Commitments and contingencies (Notes 3 & 13)
Stockholders' equity:    
Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued and outstanding 0 0
Common stock, voting, $0.001 par value; 150,000,000 authorized and 59,195,951 and 58,560,078 shares issued and outstanding, respectively 59,196 58,560
Additional paid-in capital 513,994,982 507,770,045
Accumulated other comprehensive income 0 (103,938)
Accumulated deficit (394,259,148) (356,716,638)
Total stockholders’ equity 119,795,030 151,008,029
Total liabilities and stockholders’ equity $ 148,326,911 $ 181,291,657