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EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
 6 Months Ended
Jun. 30, 2025
EMPLOYEE STOCK OPTIONS, RESTRICTED STOCK AWARD PLAN AND 401(k) [Abstract]  
Schedule of Share-Based Compensation Expense Charged Against Income For Share-Based Awards The following table summarizes the Company's share-based compensation, included with General and administrative expense within our Condensed Statements of Operations, incurred for the three and six months ended June 30, 2025 and 2024.
Three Months Ended
Six Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Share-based compensation$1,351,839 $2,077,778 $3,042,797 $3,801,610 
Share-based compensation expense charged against income for share-based awards during the three and six months ended June 30, 2025 and 2024 was as follows. These amounts are included in General and administrative expense in the Condensed Statements of Operations.
Three Months Ended
Six Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Share-based compensation expense from:
Employee stock options
$— $— $— $— 
Restricted stock unit grants
1,022,645 996,381 2,269,974 2,128,078 
Performance stock unit awards
329,194 1,081,397 772,823 1,673,532 
Total share-based compensation$1,351,839 $2,077,778 $3,042,797 $3,801,610 
Schedule of Status of the Stock Options
A summary of the status of the stock options as of June 30, 2025 and 2024 and changes during the respective six month periods then ended are as follows:
OptionsWeighted-
Average
Exercise Price		Weighted-Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding, December 31, 202370,500$10.33 
Granted—— 
Forfeited—— 
Expired(5,000)5.50 
Exercised—— 
Outstanding, March 31, 202465,500$10.70 2.31 years$— 
Exercisable, March 31, 202465,500$10.70 2.31 years
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, June 30, 202465,500$10.70 2.06 years$— 
Exercisable, June 30, 202465,500$10.70 2.06 years
Outstanding, December 31, 202465,500$10.70 
Granted—— 
Forfeited—— 
Expired—— 
Exercised—— 
Outstanding, March 31, 202565,500$10.70 1.31 years$— 
Exercisable, March 31, 202565,500$10.70 1.31 years
Granted—— 
Forfeited—— 
Expired——
Exercised—— 
Outstanding, June 30, 202565,500$10.70 1.06 years$— 
Exercisable, June 30, 202565,500$10.70 1.06 years
Schedule of Restricted Stock Unit Activity
A summary of the restricted stock unit ("RSU") activity as of June 30, 2025 and 2024, respectively, and changes during the respective six month periods then ended are as follows:
Restricted Stock UnitsWeighted-
Average Grant
Date Fair Value
Outstanding, December 31, 20233,148,226 $2.40 
Granted2,647,970 1.30 
Forfeited or rescinded(26,802)1.30 
Vested(1,342,112)2.35 
Outstanding, March 31, 20244,427,282 $1.77 
Granted60,000 2.04 
Forfeited or rescinded(66,101)1.43 
Vested(303,797)2.74 
Outstanding, June 30, 20244,117,384$1.70 
Outstanding, December 31, 20243,817,128 $1.70 
Granted3,691,373 1.31 
Forfeited or rescinded— — 
Vested(1,983,465)1.75 
Outstanding, March 31, 20255,525,036 $1.42 
Granted76,177 0.92 
Forfeited or rescinded(86,238)1.31 
Vested(41,834)2.12 
Outstanding, June 30, 20255,473,141$1.41 
Schedule of Performance Stock Units Activity
A summary of the status of the performance stock unit ("PSU") grants as of June 30, 2025 and 2024, respectively, along with changes during the respective six month periods then ended are as follows:
Performance Stock UnitsWeighted-
Average Grant
Date Fair Value
Outstanding, December 31, 20232,022,378 $3.11 
Granted— — 
Forfeited or rescinded— — 
Vested— — 
Outstanding, March 31, 20242,022,378 $3.11 
Granted1,378,378 $2.27 
Forfeited or rescinded— $— 
Vested— $— 
Outstanding, June 30, 20243,400,756 $2.77 
Outstanding, December 31, 20241,891,892 $2.47 
Granted— — 
Forfeited or rescinded— — 
Vested— — 
Outstanding, March 31, 20251,891,892 $2.47 
Granted1,624,756 $0.93 
Forfeited or rescinded— $— 
Vested— $— 
Outstanding, June 30, 20253,516,648 $1.76