Published: Apr 16, 2014 11:06 AM EDT

DESOTO COUNTY, Fla.- An Arcadia man accused of setting the now famous dog named Hope on fire is out on bond.

Larry Wallace, 66, is accused of animal cruelty and arson. On Tuesday, he went before a judge and pleaded not guilty to those charges.

Meanwhile, Tampa veterinarians say Hope is recovering. They say her eyes are in the best shape they've been in a month.

So far, nearly $51,000 has been raised for her recovery.