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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING EXPENSES        
General and administrative (net of insurance reimbursement of $0 and $1,250,000 during the three and nine months ended September 30, 2023 - See Note 5) $ 4,619,519 $ 4,910,039 $ 6,983,670 $ 9,338,070
Research and development 1,495,619 2,805,103 4,022,020 9,404,980
Total operating expenses 6,115,138 7,715,142 11,005,690 18,743,050
Loss from operations (6,115,138) (7,715,142) (11,005,690) (18,743,050)
OTHER INCOME        
Other income 120,640 73,252 377,891 79,443
Loss before income taxes (5,994,498) (7,641,890) (10,627,799) (18,663,607)
Income taxes
Net loss $ (5,994,498) $ (7,641,890) $ (10,627,799) $ (18,663,607)
Basic and diluted net loss per share (in Dollars per share) $ (0.51) $ (0.65) $ (0.91) $ (1.59)
Basic and diluted weighted average common stock outstanding (in Shares) 11,714,284 11,713,379 11,714,284 11,711,624