Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,483,789	$ 4,091,568
Short-term investments	52,633,938	92,232,292
Prepaid expenses	1,584,803	1,185,057
Total current assets	55,702,530	97,508,917
Other assets	21,975	43,125
Total assets	55,724,505	97,552,042
Commitments and Contingencies (See Note 8)
Current liabilities:
Accounts payable	2,345,541	3,506,009
Accrued expenses	5,741,220	8,688,791
Total current liabilities	8,086,761	12,194,800
Stock appreciation rights	12,562
Total liabilities	8,099,323	12,194,800
Stockholders’ Equity:
Class A convertible preferred stock, $0.001 par value, 3,500,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 150,000,000 shares authorized, 30,174,202 and 30,099,203 shares issued and outstanding, respectively	30,174	30,099
Additional paid-in capital	669,819,907	646,229,824
Accumulated deficit	(622,224,899)	(560,902,681)
Total stockholders’ equity	47,625,182	85,357,242
Total liabilities and stockholders’ equity	$ 55,724,505	$ 97,552,042

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).