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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES |  |
SCHEDULE OF FUTURE MINIMUM ANNUAL LEASE PAYMENTS FOR OPERATING LEASES | As of September 30, 2024, the future minimum annual lease payments under the operating leases were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​
​ | Total Minimum | ​
​ | Lease Payments | ​
2024 |  | $ | 316 | ​
2025 | ​ |  | 242 | ​
Total operating lease payments | ​ |  | 558 | ​
Less: Amount representing interest | ​ |  | (18) | ​
Present value of net minimum lease payments | ​ | $ | 540 | ​
​ | ​ | ​ | ​ | ​
| As of December 31, 2023, the future minimum annual lease payments under the operating leases were as follows (in thousands):
​ | ​ | ​ | ​ | ​
​ | Total Minimum | ​
​ | Lease Payments | ​
2024 |  | $ | 466 | ​
2025 | ​ |  | 242 | ​
Total operating lease payments | ​ |  | 708 | ​
Less: Amount representing interest | ​ |  | (33) | ​
Present value of net minimum lease payments | ​ | $ | 675 | ​
​ | ​ | ​ | ​ | ​
SCHEDULE OF COMPONENTS OF OPERATING LEASES | As the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date. The components of operating leases as of September 30, 2024 and as of December 31, 2023 were as follows (in thousands except lease term and discount rate):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31, | ​
​ | ​ | 2024 |  | 2023 | ​
Operating lease liabilities: | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 459 | ​ | ​ | 420 | ​
Non-current | ​ | ​ | 81 | ​ | ​ | 255 | ​
Total lease liabilities | ​ | $ | 540 | ​ | $ | 675 | ​
Weighted-average remaining lease term (in years) | ​ |  | 1.1 | ​ |  | 1.5 | ​
Weighted-average incremental borrowing rate | ​ |  | 6.4 | % |  | 6.0 | %
| The components of operating leases for the years ended December 31, 2023 and December 31, 2022 were as follows (in thousands except lease term and discount rate):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31, | ​
Operating lease liabilities: | ​ | 2023 |  | 2022 | ​
Current | ​ | ​ | 420 | ​ | ​ | 385 | ​
Non-current | ​ | ​ | 255 | ​ | ​ | 705 | ​
Total lease liabilities | ​ | $ | 675 | ​ | $ | 1,090 | ​
Weighted-average remaining lease term (in years) | ​ |  | 1.5 | ​ |  | 2.4 | ​
Weighted-average incremental borrowing rate | ​ |  | 6 | % |  | 6 | %

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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