LEASES (Tables)

6 Months Ended

Jun. 30, 2023

LEASES [Abstract]

Summary of Lease Cost

A summary of lease cost recognized in the Company’s consolidated statements of operations and comprehensive loss is as follows:

	For the Six Months Ended June 30,
	2023			2022
Operating leases cost excluding short-term rental expense		$	1,830,796		$	740,871
Short-term lease cost			487,482			38,277
Total		$	2,318,278		$	779,148

Summary of Supplemental Information Related to Operating Leases

A summary of supplemental information related to operating leases is as follows:

	June 30, 2023				June 30, 2022
Cash paid for amounts included in the measurement of lease liabilities		$	1,817,787			$	552,812
Weighted average remaining lease term	6.42 years				8.87 years
Weighted average discount rate			6.09	%			2.87	%

Summary of Maturity of Lease Liabilities Under Operating Leases

The following table summarizes the maturity of lease liabilities under operating leases as of June 30, 2023:

	Operating Leases
For the remaining of 2023	$	2,164,170
Years ended December 31,
2024		4,450,712
2025		3,657,598
2026		3,734,252
2027		3,860,963
2028 and thereafter		6,626,757
Total lease payments		24,494,452
Less: imputed interest		4,189,175
Total		20,305,277
Less: current portion		4,303,890
Non-current portion	$	16,001,387