SHORT-TERM INVESTMENTS (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
SHORT-TERM INVESTMENTS [Abstract]
Available-for-sale investment	[1]	$ 4,227,947	$ 0
Cross-currency swap	[2]	8,641	0
Total		$ 4,236,588	$ 0

[1] Available-for-sale investment represented wealth management products purchased from banks, for which the contractual maturity dates are less than one year.

[2] Cross-currency swap was bought by the Company to manage its exposures to movements in foreign exchange rates primarily related to the RMB.