Imunon (IMNN) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - $ / shares	6 Months Ended
	Jun. 30, 2024	Aug. 08, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-15911
Entity Registrant Name	Imunon, Inc.
Entity Central Index Key	0000749647
Entity Tax Identification Number	52-1256615
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	997 Lenox Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Lawrenceville
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08648
City Area Code	(609)
Local Phone Number	896-9100
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	IMNN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,400,889
Entity Listing, Par Value Per Share	$ 0.01

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 5,306,568	$ 5,838,566
Investment in debt securities - available for sale, at fair value		9,857,087
Advances and deposits on clinical programs and other current assets	2,339,773	2,545,051
Total current assets	7,646,341	18,240,704
Property and equipment (at cost, less accumulated depreciation and amortization)	625,028	751,906
Other assets:
Deferred income tax asset		1,280,385
Operating lease right-of-use assets, net	1,370,127	1,595,074
Deposits and other assets	50,000	50,000
Total other assets	1,420,127	2,925,459
Total assets	9,691,496	21,918,069
Current liabilities:
Accounts payable – trade	1,969,302	3,515,192
Other accrued liabilities	2,591,827	3,390,521
Operating lease liabilities - current portion	516,223	485,421
Total current liabilities	5,077,352	7,391,134
Operating lease liabilities - non-current portion	872,910	1,139,293
Total liabilities	5,950,262	8,530,427
Commitments and contingencies
Stockholders’ equity:
Preferred stock - $0.01 par value (100,000 shares authorized, and no shares issued or outstanding at June 30, 2024 and December 31, 2023)
Common stock - $0.01 par value (112,500,000 shares authorized; 9,400,911 and 9,399,811 shares issued at June 30, 2024 and December 31, 2023, respectively, and 9,400,889 and 9,399,789 shares outstanding at June 30, 2024 and December 31, 2023, respectively)	94,009	93,998
Additional paid-in capital	401,632,757	401,500,838
Accumulated other comprehensive loss		60,796
Accumulated deficit	(397,900,344)	(388,182,802)
Total stockholders’ equity before treasury stock	3,826,422	13,472,830
Treasury stock, at cost (22 shares at June 30, 2024 and December 31, 2023)	(85,188)	(85,188)
Total stockholders’ equity	3,741,234	13,387,642
Total liabilities and stockholders’ equity	$ 9,691,496	$ 21,918,069

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	112,500,000	112,500,000
Common stock, shares issued	9,400,911	9,399,811
Common stock, shares outstanding	9,400,889	9,399,789
Treasury stock, shares	22	22

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating expenses:
Research and development	$ 2,819,645	$ 3,134,399	$ 6,113,506	$ 5,754,204
General and administrative	2,193,706	2,339,886	3,911,291	5,404,531
Total operating expenses	5,013,351	5,474,285	10,024,797	11,158,735
Loss from operations	(5,013,351)	(5,474,285)	(10,024,797)	(11,158,735)
Other income (expense):
Investment income, net	225,334	281,673	307,255	534,743
Interest expense on loan facility		(37,095)		(197,080)
Loss on extinguishment of debt		(329,158)		(329,158)
Total other income (expense), net	225,334	(84,580)	307,255	8,505
Net loss	$ (4,788,017)	$ (5,558,865)	$ (9,717,542)	$ (11,150,230)
Net loss per common share
Net loss per common share - Basic	$ (0.51)	$ (0.61)	$ (1.03)	$ (1.28)
Net loss per common share - Diluted	$ (0.51)	$ (0.61)	$ (1.03)	$ (1.28)
Weighted average shares outstanding
Weighted average shares outstanding - Basic	9,400,889	9,136,573	9,400,889	8,711,389
Weighted average shares outstanding - Diluted	9,400,889	9,136,573	9,400,889	8,711,389

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in:
Change in realized and unrealized gains (losses) on available for sale securities, net	$ (72,306)	$ 38,168		$ 135,552
Net loss	(4,788,017)	(5,558,865)	(9,717,542)	(11,150,230)
Total comprehensive loss	$ (4,860,323)	$ (5,520,697)	$ (9,717,542)	$ (11,014,678)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (9,717,542)	$ (11,150,230)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	138,633	108,482
Amortization of right-of-use assets	224,947	272,675
Realized (gains and) losses, net, on investment securities	(61,983)	136,257
Stock-based compensation	131,930	529,027
Realization of deferred income tax asset	1,280,385	1,567,026
Loss on extinguishment of debt		329,158
Amortization of deferred finance charges and debt discount associated with notes payable		55,122
Net changes in:
Accrued interest on investment securities		48,443
Advances, deposits, and other current assets	205,278	138,352
Accounts payable and accrued liabilities	(2,580,165)	(2,811,064)
Net cash used in operating activities	(10,378,517)	(10,776,752)
Cash flows from investing activities:
Purchases of investment securities	(57,174)	(3,646,246)
Proceeds from sale and maturity of investment securities	9,915,448	7,500,000
Purchases of property and equipment	(11,755)	(211,412)
Net cash provided by investing activities	9,846,519	3,642,342
Cash flows from financing activities:
Proceeds from sale of common stock equity, net of issuance costs		2,672,926
Payoff of the SVB loan and accrued end-of-term fees		(6,420,000)
Net cash used in financing activities		(3,747,074)
Net change in cash and cash equivalents	(531,998)	(10,881,484)
Cash and cash equivalents at beginning of period	5,838,566	17,492,841
Cash and cash equivalents at end of period	5,306,568	6,611,357
Supplemental disclosures of cash flow information:
Interest paid		(179,542)
Non-cash investing and financing activities:
Recognition of operating lease right-of-use asset and liability		$ 1,911,049

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 74,362	$ 397,980,023	$ (85,188)	$ 26,494	$ (368,667,825)	$ 29,327,866
Balance, shares at Dec. 31, 2022	7,436,219		22
Net loss					(11,150,230)	(11,150,230)
Realized and unrealized gains (losses), net, on investments securities				135,551		135,551
Stock-based compensation expense		529,027				529,027
Sale of equity through equity financing facilities, net of costs	$ 18,156	2,654,768				2,672,924
Sale of equity through equity financing facilities, net of costs, shares	1,815,584
Issuance of common stock for restricted options	$ 2					2
Issuance of common stock for restricted options, shares	200
Balance at Jun. 30, 2023	$ 92,520	401,163,818	$ (85,188)	162,045	(379,818,055)	21,515,140
Balance, shares at Jun. 30, 2023	9,252,003		22
Balance at Mar. 31, 2023	$ 90,970	400,776,487	$ (85,188)	123,877	(374,259,190)	26,646,956
Balance, shares at Mar. 31, 2023	9,097,027		22
Net loss					(5,558,865)	(5,558,865)
Realized and unrealized gains (losses), net, on investments securities				38,168		38,168
Stock-based compensation expense		190,319				190,319
Sale of equity through equity financing facilities, net of costs	$ 1,550	197,012				198,562
Sale of equity through equity financing facilities, net of costs, shares	154,976
Balance at Jun. 30, 2023	$ 92,520	401,163,818	$ (85,188)	162,045	(379,818,055)	21,515,140
Balance, shares at Jun. 30, 2023	9,252,003		22
Balance at Dec. 31, 2023	$ 93,998	401,500,838	$ (85,188)	60,796	(388,182,802)	13,387,642
Balance, shares at Dec. 31, 2023	9,399,811		22
Net loss					(9,717,542)	(9,717,542)
Realized and unrealized gains (losses), net, on investments securities				(60,796)		(60,796)
Stock-based compensation expense		131,919				131,919
Issuance of common stock upon exercise of restricted options	$ 11					11
Issuance of common stock upon exercise of restricted options, shares	1,100
Balance at Jun. 30, 2024	$ 94,009	401,632,757	$ (85,188)		(397,900,344)	3,741,234
Balance, shares at Jun. 30, 2024	9,400,911		22
Balance at Mar. 31, 2024	$ 94,009	401,470,148	$ (85,188)	133,101	(393,112,327)	8,499,743
Balance, shares at Mar. 31, 2024	9,400,911		22
Net loss					(4,788,017)	(4,788,017)
Realized and unrealized gains (losses), net, on investments securities				(133,101)		(133,101)
Stock-based compensation expense		162,609				162,609
Balance at Jun. 30, 2024	$ 94,009	$ 401,632,757	$ (85,188)		$ (397,900,344)	$ 3,741,234
Balance, shares at Jun. 30, 2024	9,400,911		22

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (4,788,017)	$ (5,558,865)	$ (9,717,542)	$ (11,150,230)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
[custom:Rule10b51ArrModifiedFlag]	false
[custom:NonRule10b51ArrModifiedFlag]	false

Business Description

Business Description	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Business Description	Note 1. Business Description Imunon, Inc. (“Imunon” or the “Company”) is a clinical-stage biotechnology company focused on advancing a portfolio of innovative treatments that harness the body’s natural mechanisms with the aim to generate safe, effective and durable responses across a broad array of human diseases, constituting a differentiating approach from conventional therapies. Imunon is developing its non-viral DNA technology across its modalities. The first modality, TheraPlas®, is developed for the coding of proteins and cytokines in the treatment of solid tumors where an immunological approach is deemed promising. The second modality, PlaCCine®, is developed for the coding of viral antigens that can elicit a strong immunological response. This technology may represent a promising platform for the development of vaccines in infectious diseases. The Company’s lead clinical program, IMNN-001, is a DNA-based immunotherapy for the localized treatment of advanced ovarian cancer currently in Phase II development. IMNN-001 works by instructing the body to produce durable levels, within certain safety parameters, of powerful cancer-fighting molecules, such as interleukin-12 and interferon gamma, at the tumor site. Additionally, the Company initiated a first-in-human study of its COVID-19 booster vaccine (IMNN-101) in the second quarter of 2024. The Company will continue to leverage these modalities and to advance the technological frontier of plasmid DNA to better serve patients with difficult-to-treat conditions.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 2. Basis of Presentation The accompanying unaudited condensed consolidated financial statements, which include the accounts of the Company and its wholly owned subsidiaries, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. All significant intercompany balances and transactions have been eliminated in consolidation. During the six months ended June 30, 2024, there have been no changes to the Company’s accounting policies. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments, consisting only of normal recurring accruals considered necessary for a fair presentation, have been included in the accompanying unaudited condensed consolidated financial statements. Operating results for the six months ended June 30, 2024 and 2023, are not necessarily indicative of the results that may be expected for any other interim period(s) or for any full year. For further information, refer to the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission on March 28, 2024. The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates, and assumptions that affect the amounts reported in the Company’s condensed consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. Events and conditions arising subsequent to the most recent balance sheet date have been evaluated for their possible impact on the condensed consolidated financial statements and accompanying notes. Going Concern Uncertainty. Since inception, the Company has incurred substantial operating losses, principally from expenses associated with the Company’s research and development programs, clinical trials conducted in connection with the Company’s drug candidates, and applications and submissions to the U.S. Food and Drug Administration (“FDA”). The Company has not generated significant revenue and has incurred significant net losses in each year since inception. For the six months ended June 30, 2024, the Company had a net loss of $ 9.7 10.3 398 5.3 On July 30, 2024, the Company entered into a Securities Purchase Agreement with certain institutional and accredited investors, pursuant to which the Company agreed to issue and sell, in a registered direct offering an aggregate of 5,000,000 2.00 10.0 2.00 The Company’s ability to raise additional capital may be adversely impacted by potential worsening global economic conditions and the recent disruptions to, and volatility in, financial markets in the U.S., the Russian invasion of Ukraine and the unrest in the Middle East. The Company continues to monitor its operating activities in light of these events, and it is possible that these events could result in a variety of risks to the business. The specific impact, if any, is not readily determinable as of the date of these condensed consolidated financial statements. The Company has based its estimates on assumptions that may prove to be wrong. The Company may need to obtain additional funds sooner or in greater amounts than it currently anticipates. Potential sources of financing include strategic relationships, public or private sales of the Company’s shares or debt, the sale of the Company’s New Jersey net operating losses and other sources. If the Company raises funds by selling additional shares of common stock or other securities convertible into common stock, the ownership interest of existing stockholders may be diluted. The actual amount of funds the Company will need to operate is subject to many factors, some of which are beyond the Company’s control. These factors include the progress of research activities; the number and scope of research programs; the progress of preclinical and clinical development activities; the progress of the development efforts of parties with whom the Company has entered into research and development agreements; the costs associated with additional clinical trials of drug candidates; the ability to achieve milestones under licensing arrangements; the costs involved in prosecuting and enforcing patent claims and other intellectual property rights; and the costs and timing of regulatory approvals. A fundamental component of the ability to continue as a going concern is the Company’s ability to raise capital as required, as to which no assurances can be provided. To address the additional funding requirements of the Company, management has undertaken the following initiatives: ● it has assessed its current expenditures and will be reducing the current spending requirements where necessary; ● it may pursue additional capital funding in the public and private markets through equity sales and/or debt facilities; ● it may pursue possible partnerships and collaborations; and ● it may pursue potential out licensing for its drug candidates. The Company’s ability to continue as a going concern may depend on the Company’s ability to raise additional capital, attain further operating efficiencies, reduce expenditures, and, ultimately, to generate revenue. There are no assurances that these future funding and operating efforts will be successful. If management is unsuccessful in these efforts, the Company’s current capital is not expected to be sufficient to fund the Company’s operations for the next twelve months.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2024
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	Note 3. New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the “FASB”) and are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued accounting pronouncements will not have a material impact on the Company’s consolidated financial position, results of operations, and cash flows, or do not apply to its operations. In December 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-09, Improvements to Income Tax Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

Net Loss per Common Share

Net Loss per Common Share	6 Months Ended
	Jun. 30, 2024
Net loss per common share
Net Loss per Common Share	Note 4. Net Loss per Common Share Basic loss per common share is calculated based upon the net loss available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated after adjusting the denominator of the basic earnings per share computation for the effects of all dilutive potential common shares outstanding during the period. The dilutive effects of preferred stock, options and warrants and their equivalents are computed using the treasury stock method. The total number of shares of common stock issuable upon exercise of warrants, stock option grants and equity awards were 1,532,530 1,248,524

Investment in Debt Securities-

Investment in Debt Securities- Available for Sale	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment in Debt Securities- Available for Sale	Note 5. Investment in Debt Securities- Available for Sale Investments in debt securities- available for sale with a fair value of $ 0 9,857,087 The Company reviews its debt securities classified as short-term investments on a regular basis for impairment. For debt securities in unrealized loss positions, the Company determines whether any portion of the decline in fair value below the amortized cost basis is due to credit-related factors if it neither intends to sell nor anticipates that it is more likely than not that it will be required to sell prior to recovery of the amortized cost basis. The Company considers factors such as the extent to which the market value has been less than the cost, any noted failure of the issuer to make scheduled payments, changes to the rating of the security and other relevant credit-related factors in determining whether or not a credit loss exists. During the first six months of 2024 and 2023, the Company did not recognize an allowance for credit-related losses on any of its investments. A summary of the cost, fair value and maturities of the Company’s short-term investments is as follows: Schedule of Cost, Fair Value and Maturities of Short Term Investments June 30, 2024 December 31, 2023 Cost Fair Value Cost Fair Value Short-term investments U.S. Treasury securities $ - $ - $ 9,796,291 $ 9,857,087 June 30, 2024 December 31, 2023 Cost Fair Value Cost Fair Value Short-term investment maturities Within 3 months $ - $ - $ 2,467,518 $ 2,490,775 Between 3 and12 months - - 7,328,773 7,366,312 Total $ - $ - $ 9,796,291 $ 9,857,087 The following table shows the Company’s investment in debt securities available for sale gross unrealized gains (losses) and fair value by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2024 and December 31, 2023. The Company has reviewed individual securities to determine whether a decline in fair value below the amortizable cost basis is other than temporary. Summary of Investment Securities Gross Unrealized Gains (Losses) June 30, 2024 December 31, 2023 Available-for-sale securities (all unrealized holding gains are less than 12 months at date of measurement) Fair Value Unrealized Holding Gains Fair Value Unrealized Holding Gains Investments in debt securities with unrealized gains $ - $ - $ 9,857,087 $ 60,796 Investment income, net, which includes net realized losses on sales of available-for-sale securities and investment income interest and dividends, is summarized as follows: Summary of Net Realized Losses on Sales of Available for Sale Securities and Investment Income Interest and Dividends 2024 2023 For the Three Months Ended June 30, 2024 2023 Interest and dividends accrued and paid $ 89,884 $ 314,845 Realized gains (losses) on investment in debt securities 135,450 (33,172 ) Investment income, net $ 225,334 $ 281,673 2024 2023 For the Six Months Ended June 30, 2024 2023 Interest and dividends accrued and paid $ 245,272 $ 671,000 Realized gains (losses) on investment in debt securities 61,983 (136,257 ) Investment income, net $ 307,255 $ 534,743

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 6. Fair Value Measurements FASB Accounting Standards Codification Section 820, Fair Value Measurements and Disclosures, Level 1: Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date; Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data; and Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions that market participants would use in pricing an asset or liability. Cash and cash equivalents, other current assets, accounts payable and other accrued liabilities are reflected in the condensed consolidated balance sheets at their approximate estimated fair values primarily due to their short-term nature. The fair values of securities available for sale are determined by relying on the securities’ relationship to other benchmark quoted securities and classified its investments as Level 1 items in both 2024 and 2023. There were no transfers of assets or liabilities between Level 1 and Level 2 and no transfers in or out of Level 3 during the six-month period ended June 30, 2024 or during the year ended December 31, 2023. Assets and liabilities measured at fair value are summarized below. Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis Total Fair Value Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Recurring items as of June 30, 2024 U.S. treasury obligations, available for sale $ - $ - $ - $ - Recurring items as of December 31, 2023 U.S. treasury obligations, available for sale $ 9,857,087 $ 9,857,087 $ - $ -

Other Accrued Liabilities

Other Accrued Liabilities	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Other Accrued Liabilities	Note 7. Other Accrued Liabilities Other accrued liabilities at June 30, 2024 and December 31, 2023 include the following: Schedule of Other Accrued Liabilities June 30, December 31, Amounts due to contract research organizations and other contractual agreements $ 714,000 $ 1,442,659 Accrued payroll and related benefits 1,823,227 1,693,383 Accrued professional fees 34,600 234,479 Other 20,000 20,000 Total $ 2,591,827 $ 3,390,521

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Notes Payable	Note 8. Notes Payable The SVB Loan Facility On June 18, 2021, the Company entered into a $ 10 6 10 5 6.0 The SVB Loan Facility was in the form of money market secured indebtedness bearing interest at a calculated WSJ prime-based variable rate. A final payment equal to 3 10 In connection with the SVB Loan Facility, the Company incurred financing fees and expenses totaling $ 243,370 3.0 300,000 197,080 329,158 On April 21, 2023, the Company repaid the outstanding principal balance, an early termination fee and the end-of-term charges in full satisfaction of the SVB Loan Facility. During the six months ended June 30, 2023, the Company recorded a loss of $ 329,158 334,212

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Stockholders’ Equity	Note 9. Stockholders’ Equity On May 15, 2024, the Company filed with the SEC a shelf registration statement on Form S-3 (the “2024 Registration Statement”) for the offer and sale of up to $ 75 75 At the Market Offering Agreement On May 15, 2024, the Company amended the At the Market Offering Agreement, dated as of May 25, 2022 (the “ATM Agreement”) with H.C. Wainwright & Co., LLC (“Wainwright”) as sales agent. Pursuant to the terms of the amended ATM Agreement, the Company may offer and sell, from time to time, through Wainwright, shares of the Company’s common stock having an aggregate offering price of up to $ 5,500,000 On July 30, 2024, the Company notified Wainwright that it was suspending its use of and terminating the “at the market offering” sales agreement prospectus (the “ATM Prospectus”), related to the potential issuance from time to time of the Company’s common stock pursuant to the ATM Agreement, by and between the Company and Wainwright. The Company will not make any sales of its securities pursuant to the ATM Agreement, unless and until a new prospectus supplement or a new registration statement is filed relating to the ATM Agreement. Notwithstanding the termination of the ATM Prospectus, the ATM Agreement remains in full force and effect. The Company did not sell any shares of common stock under the ATM Agreement during the first six months of 2024. During the first six months of 2023, the Company sold 1,815,584 2,672,924 July 2024 Offering On July 30, 2024, the Company entered into a Securities Purchase Agreement (the “July 2024 Purchase Agreement”) with certain institutional and accredited investors (each, a “Purchaser” and collectively, the “Purchasers”), pursuant to which the Company agreed to issue and sell, in a registered direct offering, an aggregate of 5,000,000 2.00 10.0 In connection with the July 2024 Offering, the Company entered into an engagement letter agreement with Wainwright, pursuant to which the Company agreed to pay Wainwright and any other placement agents for the July 2024 Offering a cash fee equal to 7% of the aggregate gross proceeds raised from the sale of the securities sold in the July 2024 Offering and reimburse the placement agent for certain of their expenses in an amount not to exceed $85,000. Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-placement agent in the July 2024 Offering. Pursuant to the July 2024 Purchase Agreement, the Purchasers purchased an aggregate of 5,000,000 Warrants to purchase an aggregate of 5,000,000 2.00 2.00

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 10. Stock-Based Compensation The Company has long-term compensation plans that permit the granting of equity-based awards in the form of stock options, restricted stock, restricted stock units, stock appreciation rights, other stock awards, and performance awards. At the 2018 Annual Stockholders Meeting of the Company held on May 15, 2018, stockholders approved the Imunon, Inc. 2018 Stock Incentive Plan (the “2018 Plan”). The 2018 Plan, as adopted, permits the granting of 180,000 ● At the 2019 Annual Stockholders Meeting of the Company held on May 14, 2019, stockholders approved an amendment to the 2018 Plan whereby the Company increased the number of common stock shares available by 80,000 260,000 ● At the 2020 Annual Stockholders Meeting of the Company held on June 15, 2020, stockholders approved an amendment to the 2018 Plan, as previously amended, whereby the Company increased the number of shares of common stock available by 166,667 426,667 ● At the 2021 Annual Stockholders Meeting of the Company held on June 10, 2021, stockholders approved an amendment to the 2018 Plan, as previously amended, whereby the Company increased the number of shares of common stock available by 513,333 940,000 ● At the 2023 Annual Stockholders Meeting of the Company held on June 14, 2023, stockholders approved an amendment to the 2018 Plan, as previously amended, whereby the Company increased the number of shares of common stock available by 1,030,000 1,970,000 The Company has issued stock awards to employees and directors in the form of stock options and restricted stock. Options are generally granted with strike prices equal to the fair market value of a share of Imunon common stock on the date of grant. Incentive stock options may be granted to purchase shares of common stock at a price not less than 100% of the fair market value of the underlying shares on the date of grant, provided that the exercise price of any incentive stock option granted to an eligible employee owning more than 10% of the outstanding stock of Imunon must be at least 110% of such fair market value on the date of grant. Only officers and key employees may receive incentive stock options. Option and restricted stock awards vest upon terms determined by the Compensation Committee of the Board of Directors and are subject to accelerated vesting in the event of a change of control or certain terminations of employment. The Company issues new shares to satisfy its obligations from the exercise of options or the grant of restricted stock awards. As of June 30, 2024, the Compensation Committee of the Board of Directors approved the grant of (i) inducement stock options (the “Inducement Option Grants”) to purchase a total of 294,751 91,350 1.59 As of June 30, 2024, there was a total of 1,975,073 1,196,053 779,020 146,417 Total compensation cost related to stock options and restricted stock awards amounted to approximately $ 0.1 0.5 0.1 17,000 0.4 A summary of stock option awards and restricted stock grants, inclusive of awards granted under the 2018 Stock Plan and Inducement Option Grants for the six-month periods ended June 30, 2024 is presented below. Summary of Stock Options Awards and Restricted Stock Grants Stock Options Restricted Stock Awards Weighted Average Options Outstanding Weighted Average Exercise Price Non-vested Restricted Stock Outstanding Weighted Average Grant Date Fair Value Contractual Terms of Equity Awards (in years) Equity awards outstanding at January 1, 2024 1,063,482 $ 2.62 32,100 $ 1.23 Equity awards granted 584,500 $ 1.18 - $ - Equity Awards vested and issued - - (2,100 ) 1.30 Equity awards terminated (305,512 ) $ 1.73 - $ - Equity awards outstanding at June 30, 2024 1,342,470 $ 2.19 30,000 $ 1.23 8.7 Aggregate intrinsic value of outstanding equity awards at June 30, 2024 $ - Equity awards exercisable at June 30 2024 789,297 $ 2.87 8.4 Aggregate intrinsic value of equity awards exercisable at June 30, 2024 $ 42,813 As of June 30, 2024, there was $ 0.4 three four years 1.18 1.32 The fair values of stock options granted were estimated at the date of grant using the Black-Scholes option pricing model. The Black-Scholes model was originally developed for use in estimating the fair value of traded options, which have different characteristics from the Company’s stock options. The model is also sensitive to changes in assumptions, which can materially affect the fair value estimate. The Company used the following assumptions for determining the fair value of options granted under the Black-Scholes option pricing model: Schedule of Assumptions Used to Determine Fair Value of Options Granted For the Six Months Ended June 30, 2024 2023 Risk-free interest rate 4.31 % 3.72 % Expected volatility 101.74 108.94 % 107.03 113.64 % Expected life (in years) 9.0 10.0 9.0 10.0 Expected dividend yield 0.0 % 0.0 % Expected volatilities utilized in the model are based on historical volatility of the Company’s stock price. The risk-free interest rate is derived from values assigned to U.S. Treasury bonds with terms that approximate the expected option lives in effect at the time of grant.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2024
Warrants
Warrants	Note 11. Warrants The following is a summary of all warrant activity for the six-month period ended June 30, 2024: Summary of Warrant Activity Warrants Number of Issued Weighted Average Exercise Price Warrants outstanding at December 31, 2023 160,060 $ 18.86 Warrants outstanding at June 30, 2024 160,060 $ 18.86 Aggregate intrinsic value of outstanding warrants at June 30, 2024 $ - Weighted average remaining contractual terms at June 30, 2024 1.7

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases
Leases	Note 12. Leases Lawrenceville, New Jersey Lease In August 2023, the Company renewed its Lawrenceville office lease for a 24 9,850 22,983 23,394 Huntsville, Alabama Lease In January 2023, the Company renewed its Huntsville facility lease for a 60 11,420 28,550 30,903 The following is a table of the lease payments and maturity of the Company’s operating lease liabilities as of June 30, 2024: Schedule of Lease Payments and Maturity of Operating Lease Liabilities 2024 $ 314,270 2025 543,009 2026 362,976 2027 370,236 2028 and thereafter 30,903 Subtotal future lease payments 1,621,394 Less: imputed interest (232,261 ) Total lease liabilities $ 1,389,133 Weighted average remaining life 3.10 Weighted average discount rate 9.98 % For the three-month and six-month periods ended June 30, 2024, operating lease expense was $ 159,942 314,457 162,545 325,091 For the three-month and six-month periods ended June 30, 2023, operating lease expense was $ 165,446 324,722 173,753 340,457

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies In February 2021, a derivative shareholder lawsuit was filed against the Company, as the nominal defendant, and certain of its directors and officers as defendants in the U.S. District Court for the District of New Jersey, captioned Fidler v. Michael H. Tardugno, et al., Case No. 3:21-cv-02662. The plaintiff alleged breach of fiduciary duty and other claims arising out of alleged statements made by certain of the Company’s directors and/or officers regarding ThermoDox®. The Company believed it has meritorious defenses to these claims and vigorously contested this suit. In June 2024, the U.S. District Court issued an Order for Dismissal without prejudice for this derivative shareholder lawsuit.

Related Party Transaction

Related Party Transaction	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transaction	Note 14. Related Party Transaction On November 16, 2022 the Company entered into a convertible note purchase agreement with Transomic Technologies, Inc. (“Transomic”) whereby the Company purchased $ 375,000

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events The Company has evaluated its subsequent events from June 30, 2024, through the date these condensed consolidated financial statements were issued. On July 30, 2024, the Company entered into the July 2024 Purchase Agreement with certain institutional and accredited investors, pursuant to which the Company agreed to issue and sell, in a registered direct offering, an aggregate of 5,000,000 2.00 10.0 In connection with the July 2024 Offering, the Company entered into an engagement letter agreement with Wainwright, pursuant to which the Company agreed to pay Wainwright and any other placement agents for the July 2024 Offering a cash fee equal to 7% of the aggregate gross proceeds raised from the sale of the securities sold in the July 2024 Offering and reimburse the placement agents for certain of their expenses in an amount not to exceed $85,000. Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-placement agent in the July 2024 Offering. Pursuant to the July 2024 Purchase Agreement, the Purchasers purchased an aggregate of 5,000,000 Warrants to purchase an aggregate of 5,000,000 2.00 2.00

Investment in Debt Securities_2

Investment in Debt Securities- Available for Sale (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Cost, Fair Value and Maturities of Short Term Investments	A summary of the cost, fair value and maturities of the Company’s short-term investments is as follows: Schedule of Cost, Fair Value and Maturities of Short Term Investments June 30, 2024 December 31, 2023 Cost Fair Value Cost Fair Value Short-term investments U.S. Treasury securities $ - $ - $ 9,796,291 $ 9,857,087 June 30, 2024 December 31, 2023 Cost Fair Value Cost Fair Value Short-term investment maturities Within 3 months $ - $ - $ 2,467,518 $ 2,490,775 Between 3 and12 months - - 7,328,773 7,366,312 Total $ - $ - $ 9,796,291 $ 9,857,087
Summary of Investment Securities Gross Unrealized Gains (Losses)	The following table shows the Company’s investment in debt securities available for sale gross unrealized gains (losses) and fair value by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2024 and December 31, 2023. The Company has reviewed individual securities to determine whether a decline in fair value below the amortizable cost basis is other than temporary. Summary of Investment Securities Gross Unrealized Gains (Losses) June 30, 2024 December 31, 2023 Available-for-sale securities (all unrealized holding gains are less than 12 months at date of measurement) Fair Value Unrealized Holding Gains Fair Value Unrealized Holding Gains Investments in debt securities with unrealized gains $ - $ - $ 9,857,087 $ 60,796
Summary of Net Realized Losses on Sales of Available for Sale Securities and Investment Income Interest and Dividends	Investment income, net, which includes net realized losses on sales of available-for-sale securities and investment income interest and dividends, is summarized as follows: Summary of Net Realized Losses on Sales of Available for Sale Securities and Investment Income Interest and Dividends 2024 2023 For the Three Months Ended June 30, 2024 2023 Interest and dividends accrued and paid $ 89,884 $ 314,845 Realized gains (losses) on investment in debt securities 135,450 (33,172 ) Investment income, net $ 225,334 $ 281,673 2024 2023 For the Six Months Ended June 30, 2024 2023 Interest and dividends accrued and paid $ 245,272 $ 671,000 Realized gains (losses) on investment in debt securities 61,983 (136,257 ) Investment income, net $ 307,255 $ 534,743

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value are summarized below. Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis Total Fair Value Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Recurring items as of June 30, 2024 U.S. treasury obligations, available for sale $ - $ - $ - $ - Recurring items as of December 31, 2023 U.S. treasury obligations, available for sale $ 9,857,087 $ 9,857,087 $ - $ -

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Other Accrued Liabilities	Other accrued liabilities at June 30, 2024 and December 31, 2023 include the following: Schedule of Other Accrued Liabilities June 30, December 31, Amounts due to contract research organizations and other contractual agreements $ 714,000 $ 1,442,659 Accrued payroll and related benefits 1,823,227 1,693,383 Accrued professional fees 34,600 234,479 Other 20,000 20,000 Total $ 2,591,827 $ 3,390,521

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock Options Awards and Restricted Stock Grants	A summary of stock option awards and restricted stock grants, inclusive of awards granted under the 2018 Stock Plan and Inducement Option Grants for the six-month periods ended June 30, 2024 is presented below. Summary of Stock Options Awards and Restricted Stock Grants Stock Options Restricted Stock Awards Weighted Average Options Outstanding Weighted Average Exercise Price Non-vested Restricted Stock Outstanding Weighted Average Grant Date Fair Value Contractual Terms of Equity Awards (in years) Equity awards outstanding at January 1, 2024 1,063,482 $ 2.62 32,100 $ 1.23 Equity awards granted 584,500 $ 1.18 - $ - Equity Awards vested and issued - - (2,100 ) 1.30 Equity awards terminated (305,512 ) $ 1.73 - $ - Equity awards outstanding at June 30, 2024 1,342,470 $ 2.19 30,000 $ 1.23 8.7 Aggregate intrinsic value of outstanding equity awards at June 30, 2024 $ - Equity awards exercisable at June 30 2024 789,297 $ 2.87 8.4 Aggregate intrinsic value of equity awards exercisable at June 30, 2024 $ 42,813
Schedule of Assumptions Used to Determine Fair Value of Options Granted	The fair values of stock options granted were estimated at the date of grant using the Black-Scholes option pricing model. The Black-Scholes model was originally developed for use in estimating the fair value of traded options, which have different characteristics from the Company’s stock options. The model is also sensitive to changes in assumptions, which can materially affect the fair value estimate. The Company used the following assumptions for determining the fair value of options granted under the Black-Scholes option pricing model: Schedule of Assumptions Used to Determine Fair Value of Options Granted For the Six Months Ended June 30, 2024 2023 Risk-free interest rate 4.31 % 3.72 % Expected volatility 101.74 108.94 % 107.03 113.64 % Expected life (in years) 9.0 10.0 9.0 10.0 Expected dividend yield 0.0 % 0.0 %

Warrants (Tables)

Warrants (Tables)	6 Months Ended
	Jun. 30, 2024
Warrants
Summary of Warrant Activity	The following is a summary of all warrant activity for the six-month period ended June 30, 2024: Summary of Warrant Activity Warrants Number of Issued Weighted Average Exercise Price Warrants outstanding at December 31, 2023 160,060 $ 18.86 Warrants outstanding at June 30, 2024 160,060 $ 18.86 Aggregate intrinsic value of outstanding warrants at June 30, 2024 $ - Weighted average remaining contractual terms at June 30, 2024 1.7

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases
Schedule of Lease Payments and Maturity of Operating Lease Liabilities	The following is a table of the lease payments and maturity of the Company’s operating lease liabilities as of June 30, 2024: Schedule of Lease Payments and Maturity of Operating Lease Liabilities 2024 $ 314,270 2025 543,009 2026 362,976 2027 370,236 2028 and thereafter 30,903 Subtotal future lease payments 1,621,394 Less: imputed interest (232,261 ) Total lease liabilities $ 1,389,133 Weighted average remaining life 3.10 Weighted average discount rate 9.98 %

Basis of Presentation (Details

Basis of Presentation (Details Narrative) - USD ($)			3 Months Ended		6 Months Ended
	Jul. 30, 2024	May 15, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net loss			$ 4,788,017	$ 5,558,865	$ 9,717,542	$ 11,150,230
Fund operation					10,378,517	10,776,752
Cumulative net loss			398,000,000		398,000,000
Cash and cash equivalents, short-term investments, and interest receivable			$ 5,300,000		5,300,000
Stock issued during period, value, new issues		$ 75,000,000		$ 198,562		2,672,924
Proceeds from issuance of common stock						$ 2,672,926
Securities Purchase Agreement [Member] | Subsequent Event [Member] | July 2024 Registered Direct Offering [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued during period, value, new issues	$ 5,000,000
Share price	$ 2
Proceeds from issuance of common stock	$ 10,000,000
Warrants exercise price per share	$ 2

Net Loss per Common Share (Deta

Net Loss per Common Share (Details Narrative) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net loss per common share
Anti-dilutive securities	1,532,530	1,248,524

Schedule of Cost, Fair Value an

Schedule of Cost, Fair Value and Maturities of Short Term Investments (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Short-term investments - Fair Value		$ 9,857,087
Short-term investment maturities - Within 3 months, cost		2,467,518
Short-term investment maturities - Within 3 months, fair value		2,490,775
Short-term investment maturities - Between 3-12 months, cost		7,328,773
Short-term investment maturities - Between 3-12 months, fair value		7,366,312
Short-term investment maturities - cost		9,796,291
Short-term investment maturities - fair value		9,857,087
US Treasury Securities [Member]
Marketable Securities [Line Items]
Short-term investments - Cost		9,796,291
Short-term investments - Fair Value		$ 9,857,087

Summary of Investment Securitie

Summary of Investment Securities Gross Unrealized Gains (Losses) (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments in debt securities with unrealized gains - Fair Value		$ 9,857,087
Investments in debt securities with unrealized gains - Unrealized Holding Gains		$ 60,796

Summary of Net Realized Losses

Summary of Net Realized Losses on Sales of Available for Sale Securities and Investment Income Interest and Dividends (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Interest and dividends accrued and paid	$ 89,884	$ 314,845	$ 245,272	$ 671,000
Realized gains (losses) on investment in debt securities	135,450	(33,172)	61,983	(136,257)
Investment income, net	$ 225,334	$ 281,673	$ 307,255	$ 534,743

Investment in Debt Securities_3

Investment in Debt Securities- Available for Sale (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Available-for-sale, Current		$ 9,857,087

Schedule of Fair Value, Assets

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in debt securities - available for sale, at fair value		$ 9,857,087
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in debt securities - available for sale, at fair value		9,857,087
Fair Value, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in debt securities - available for sale, at fair value		9,857,087
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in debt securities - available for sale, at fair value		9,857,087
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in debt securities - available for sale, at fair value
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in debt securities - available for sale, at fair value

Schedule of Other Accrued Liabi

Schedule of Other Accrued Liabilities (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Amounts due to contract research organizations and other contractual agreements	$ 714,000	$ 1,442,659
Accrued payroll and related benefits	1,823,227	1,693,383
Accrued professional fees	34,600	234,479
Other	20,000	20,000
Total	$ 2,591,827	$ 3,390,521

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - Silicon Valley Bank [Member] - USD ($)			1 Months Ended	6 Months Ended
	Jun. 18, 2021	Aug. 31, 2020	Aug. 31, 2020	Jun. 30, 2023
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000,000
Proceeds from line of credit loan	6,000,000	$ 10,000,000
Repayments of lines of credit			$ 5,000,000
Restricted cash	$ 6,000,000
Final payment percentage	3%
Long term line of credit	$ 10,000,000
Financing fees and expenses	$ 243,370
End of term charge percentage	3%
Interest expense debt	$ 300,000			$ 334,212
Interest expense				197,080
Amortization of debt issuance costs				329,158
Gain (loss) on contract termination				$ 329,158

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)			3 Months Ended	6 Months Ended
	Jul. 30, 2024	May 15, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, value, new issues		$ 75,000,000	$ 198,562		$ 2,672,924
Proceeds from issuance of common stock					2,672,926
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, value, new issues			$ 1,550		$ 18,156
Stock issued, shares			154,976		1,815,584
Market Offering Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, value, new issues		$ 5,500,000
Number of shares sold					1,815,584
Proceeds from sale of stock					$ 2,672,924
Securities Purchase Agreement [Member] | July Offering [Member] | Subsequent Event [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued, shares	5,000,000
Share price	$ 2
Proceeds from issuance of common stock	$ 10,000,000
Placement agent fee description	In connection with the July 2024 Offering, the Company entered into an engagement letter agreement with Wainwright, pursuant to which the Company agreed to pay Wainwright and any other placement agents for the July 2024 Offering a cash fee equal to 7% of the aggregate gross proceeds raised from the sale of the securities sold in the July 2024 Offering and reimburse the placement agent for certain of their expenses in an amount not to exceed $85,000. Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-placement agent in the July 2024 Offering.
Securities Purchase Agreement [Member] | July Offering [Member] | Subsequent Event [Member] | Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued, shares	5,000,000
Share price	$ 2
Securities Purchase Agreement [Member] | July Offering [Member] | Subsequent Event [Member] | Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants to purchase shares	5,000,000
Warrant exercise price	$ 2

Summary of Stock Options Awards

Summary of Stock Options Awards and Restricted Stock Grants (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average exercise price, granted	$ 1.18	$ 1.32
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding, beginning balance	1,063,482
Weighted average exercise price, beginning balance	$ 2.62
Options outstanding, granted	584,500
Weighted average exercise price, granted	$ 1.18
Options outstanding, vested and issued
Weighted average exercise price, vested and issued
Options outstanding, Terminated	(305,512)
Weighted average exercise price, Terminated	$ 1.73
Options outstanding, ending balance	1,342,470
Weighted average exercise price, ending balance	$ 2.19
Weighted average contractual terms	8 years 8 months 12 days
Options outstanding, aggregate intrinsic value
Options outstanding, exercisable	789,297
Weighted average exercise price, exercisable	$ 2.87
Weighted average contractual terms, exercisable	8 years 4 months 24 days
Options outstanding, aggregate intrinsic value, exercisable	$ 42,813
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Non-vested stock awards, beginning balance	32,100
Weighted average grant date fair value, beginning balance	$ 1.23
Non-vested stock awards, granted
Weighted average grant date fair value, granted
Non-vested stock awards, vested and issued	(2,100)
Weighted average grant date fair value, vested and issued	$ 1.30
Non-vested stock awards, Terminated
Weighted average grant date fair value, Terminated
Non-vested stock awards, ending balance	30,000
Weighted average grant date fair value, ending balance	$ 1.23

Schedule of Assumptions Used to

Schedule of Assumptions Used to Determine Fair Value of Options Granted (Details)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate	4.31%	3.72%
Expected dividend yield	0%	0%
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected volatility	101.74%	107.03%
Expected life (in years)	9 years	9 years
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Expected volatility	108.94%	113.64%
Expected life (in years)	10 years	10 years

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 14, 2023	Jun. 10, 2021	Jun. 15, 2020	May 14, 2019	May 15, 2018
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options granted, weighted average exercise price	$ 1.18	$ 1.32
Unrecognized share based compensation	$ 400,000
Equity Stock Awards [Member] | Granted Under 2018 Plan and 2007 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, reserved for future issuance	1,196,053
Inducement Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, reserved for future issuance	146,417
Stock Options and Restricted Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation	$ 100,000	$ 500,000
Stock Options and Restricted Stock Awards [Member] | Research and Development Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation	100,000	100,000
Stock Options and Restricted Stock Awards [Member] | General and Administrative Expense [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation	$ 17,000	$ 400,000
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized share based compensation, period	3 years
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized share based compensation, period	4 years
2018 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment award, shares authorized							180,000
Shares available for issuance	779,020
Stock options, strike price description	Options are generally granted with strike prices equal to the fair market value of a share of Imunon common stock on the date of grant. Incentive stock options may be granted to purchase shares of common stock at a price not less than 100% of the fair market value of the underlying shares on the date of grant, provided that the exercise price of any incentive stock option granted to an eligible employee owning more than 10% of the outstanding stock of Imunon must be at least 110% of such fair market value on the date of grant. Only officers and key employees may receive incentive stock options.
Common stock, reserved for future issuance	1,975,073
2018 Stock Incentive Plan [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for issuance			1,030,000	513,333	166,667	80,000
2018 Stock Incentive Plan [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for issuance			1,970,000	940,000	426,667	260,000
Inducement Option Grants [Member] | Board of Directors Chairman [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options granted, weighted average exercise price	$ 1.59
Inducement Option Grants [Member] | Board of Directors Chairman [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued	91,350
Inducement Option Grants [Member] | Board of Directors Chairman [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issued	294,751

Summary of Warrant Activity (De

Summary of Warrant Activity (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Warrants
Number of Warrants Issued, Warrants outstanding, Beginning balance | shares	160,060
Weighted Average Exercise Price, Warrants outstanding, Beginning balance | $ / shares	$ 18.86
Number of Warrants Issued, Warrants outstanding, Ending balance | shares	160,060
Weighted Average Exercise Price, Warrants outstanding, Ending balance | $ / shares	$ 18.86
Aggregate intrinsic value of outstanding warrants | $
Weighted average remaining contractual terms (years)	1 year 8 months 12 days

Schedule of Lease Payments and

Schedule of Lease Payments and Maturity of Operating Lease Liabilities (Details)	Jun. 30, 2024 USD ($)
Leases
2024	$ 314,270
2025	543,009
2026	362,976
2027	370,236
2028 and thereafter	30,903
Subtotal future lease payments	1,621,394
Less: imputed interest	(232,261)
Total lease liabilities	$ 1,389,133
Operating lease, weighted average remaining lease term	3 years 1 month 6 days
Operating lease, weighted average discount rate, percent	9.98%

Leases (Details Narrative)

Leases (Details Narrative)	1 Months Ended		3 Months Ended		6 Months Ended
	Aug. 31, 2023 USD ($) ft²	Jan. 31, 2023 USD ($) ft²	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease, term	24 months	60 months
Operating lease, cost			$ 159,942	$ 165,446	$ 314,457	$ 324,722
Operating lease, payments			$ 162,545	$ 173,753	$ 325,091	$ 340,457
Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Area of land | ft²	9,850	11,420
Lease Agreement [Member] | Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments for rent	$ 22,983	$ 28,550
Lease Agreement [Member] | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments for rent	$ 23,394	$ 30,903

Related Party Transaction (Deta

Related Party Transaction (Details Narrative)	Nov. 16, 2022 USD ($)
Convertible Note Purchase Agreement [Member] | Transomic Technologies, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertable and warrants	$ 375,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)		3 Months Ended	6 Months Ended
	Jul. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Subsequent Event [Line Items]
Proceeds from issuance of common stock				$ 2,672,926
Common Stock [Member]
Subsequent Event [Line Items]
Stock issued, shares		154,976		1,815,584
Securities Purchase Agreement [Member] | Subsequent Event [Member] | July 2024 Registered Direct Offering [Member]
Subsequent Event [Line Items]
Stock issued, shares	5,000,000
Share price	$ 2
Proceeds from issuance of common stock	$ 10,000,000
Placement agent fee description	In connection with the July 2024 Offering, the Company entered into an engagement letter agreement with Wainwright, pursuant to which the Company agreed to pay Wainwright and any other placement agents for the July 2024 Offering a cash fee equal to 7% of the aggregate gross proceeds raised from the sale of the securities sold in the July 2024 Offering and reimburse the placement agents for certain of their expenses in an amount not to exceed $85,000. Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as co-placement agent in the July 2024 Offering.
Warrant exercise price	$ 2
Securities Purchase Agreement [Member] | Subsequent Event [Member] | July 2024 Registered Direct Offering [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Stock issued, shares	5,000,000
Share price	$ 2
Securities Purchase Agreement [Member] | Subsequent Event [Member] | July 2024 Registered Direct Offering [Member] | Warrant [Member]
Subsequent Event [Line Items]
Warrants to purchase shares	5,000,000
Warrant exercise price	$ 2