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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Earnings per share    
Common stock underlying issued and outstanding stock options 8,194 26,604
Common stock issuable upon the conversion of convertible preferred shares
Diluted EPS calculated under the treasury stock method 8,194 26,604
Net Income $ 429,384 $ 990,972
Preferred stock dividend requirements (57,611) (58,111)
Income applicable to common shareholders $ 371,773 $ 932,861
Average common shares outstanding 29,937,159 29,937,159
Average common and common equivalent shares outstanding - assuming dilution 29,945,353 29,963,763
Basic earnings per share $ 0.01 $ 0.03
Diluted earnings per share $ 0.01 $ 0.03