INCOME TAXES - Deferred tax assets (Details) - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Deferred tax assets | ||
| Federal net operating loss | $ 47,908,912 | $ 39,914,591 |
| Federal research and development tax credit carryforwards | 21,358,973 | 15,868,907 |
| State net operating losses and tax credit carryforwards | 10,191,364 | 7,626,490 |
| Capitalized research and development expenses | 22,658,402 | 20,203,493 |
| Stock-based compensation expense | 5,071,709 | 3,710,609 |
| Other | 419,067 | 754,180 |
| Total deferred tax assets | 107,608,426 | 88,078,270 |
| Deferred tax liabilities | ||
| Depreciable assets | (123,186) | (156,626) |
| Total deferred tax liabilities | (123,186) | (156,626) |
| Net deferred tax assets | 107,485,240 | 87,921,644 |
| Less- valuation allowance | $ (107,485,240) | $ (87,921,644) |
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- Definition Amount of deferred tax assets attributable to taxable temporary differences from research and development costs. No definition available.
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- Definition Amount of deferred tax assets tax credit carry forwards domestic research and development. No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible domestic operating loss carryforwards. Excludes state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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