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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Earnings per share (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Earnings per share        
Common stock underlying issued and outstanding stock options   6,408 2,706 17,904
Diluted EPS calculated under the treasury stock method   6,408 2,706 17,904
Net Income (Loss) $ (1,921,989) $ (4,060,496) $ (15,657,246) $ (6,938,090)
Preferred stock dividend requirements (57,611) (58,111) (172,832) (174,335)
Loss applicable to common shareholders $ (1,979,600) $ (4,118,607) $ (15,830,078) $ (7,112,425)
Average common shares outstanding 29,937,159 29,937,159 29,937,159 29,937,159
Average common and common equivalent shares outstanding - diluted 29,937,159 29,937,159 29,937,159 29,937,159
Basic loss per share $ (0.07) $ (0.14) $ (0.53) $ (0.24)
Diluted loss per share $ (0.07) $ (0.14) $ (0.53) $ (0.24)