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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Earnings per share        
Common Stock underlying issued and outstanding stock options 16,033 78,322 22,041 88,347
Common stock issuable upon the conversion of convertible preferred shares   232,445   232,445
Diluted EPS calculated under the treasury stock method 16,033 310,767 22,041 320,792
Net Income $ (3,868,568) $ (3,641,597) $ (2,877,596) $ 3,974,858
Preferred stock dividend requirements (58,111) (58,111) (116,222) (116,222)
Net income (loss) applicable to common shareholders $ (3,926,679) $ (3,699,708) $ (2,993,818) $ 3,858,636
Average common shares outstanding 29,937,159 32,945,821 29,937,159 33,105,637
Average common and common equivalent shares outstanding - assuming dilution 30,169,604 33,256,588 30,169,604 33,426,429
Basic earnings (loss) per share $ (0.13) $ (0.11) $ (0.10) $ 0.12
Diluted earnings (loss) per share $ (0.13) $ (0.11) $ (0.10) $ 0.12