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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
INCOME TAXES |
Schedule of income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1 – |  | January 1 – |  | January 1 –
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Income tax expense |  | — |  | (887,648) |  | —
Total |  | — |  | (887,648) |  | —
Schedule of loss before income tax expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | January 1 – |  | January 1 – |  | January 1 –
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
U.S. operations |  | (4,199,652) |  | (1,934,339) |  | (409,723)
Foreign operations |  | (10,046,226) |  | (11,650,507) |  | (4,220,445)
Total |  | (14,245,878) |  | (13,584,846) |  | (4,630,168)
Schedule of net deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31, |  | December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
Deferred tax assets; | ​ | ​ | ​ | ​ | ​ | ​
Net operating loss carryforwards |  | 3,678,381 |  | 1,690,095 |  | 1,520,710
Other current assets |  | 776,016 |  | 1,312,997 |  | 41,298
Stock-based compensation |  | 565,018 |  | 216,918 |  | 38,050
Operating lease liabilities(*) |  | 548,732 |  | 254,088 |  | 167,521
Financial liabilities |  | 173,587 |  | 163,011 |  | 82,808
Accounts receivable, net |  | 121,417 |  | 94,387 |  | 5,255
Accrued expenses and other current liabilities |  | 89,475 |  | 16,951 |  | 96,411
Other non-current liabilities |  | 71,445 |  | 14,933 |  | 11,681
Total deferred tax assets |  | 6,024,071 |  | 3,763,380 |  | 1,963,734
Deferred tax liabilities; |  |  |  |  |  |
Property, equipment and deposits, net |  | (1,428,847) |  | (731,113) |  | (379,515)
Operating lease right of use assets(*) |  | (687,993) |  | (254,088) |  | (167,521)
Other |  | (26,798) |  | (42,298) |  | (3,648)
Total deferred tax liabilities: |  | (2,143,638) |  | (1,027,499) |  | (550,684)
Less valuation allowance |  | (3,880,433) |  | (2,735,881) |  | (1,413,050)
Net deferred tax assets |  | — |  | — |  | —
(*) | The Company identified missing disclosures in the December 31, 2021 and 2020 comparative values previously disclosed in this table related to deferred tax balances for operating lease liabilities and operating lease right of use assets. Such amounts were previously omitted from this table, and the net impact on the deferred tax balance was zero. Such amounts have been added in the footnote above. This revision has no impact on the Company’s operating results or financial position for the period.
Schedule of changes in tax valuation allowances | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
January 1, |  | 2,735,881 |  | 1,413,050 |  | 1,162,612
Net change in the valuation allowance |  | 1,144,552 |  | 1,322,831 |  | 250,438
– Change in valuation allowance |  | 1,224,430 |  | 2,645,495 |  | 498,864
– Translation adjustments |  | (79,878) |  | (1,322,664) |  | (248,426)
December 31, |  | 3,880,433 |  | 2,735,881 |  | 1,413,050
Schedule of reconciliation of the statutory federal income tax rate to effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | % |  | 2022 |  | % |  | 2021 |  | % |  | 2020
Loss before income tax: |  | ​ |  | (14,245,878) |  | ​ | ​ | (13,584,846) | ​ | ​ | ​ | (4,630,168)
Income tax benefit at statutory rate |  | 21.00 |  | 2,991,634 |  | 21.00 |  | 2,852,818 |  | 21.00 |  | 972,335
Tax exempt income |  | — |  | — |  | 0.53 |  | 71,360 |  | — |  | —
Nondeductible expenses |  | (5.46) |  | (777,764) |  | (9.92) |  | (1,347,007) |  | (10.39) |  | (481,153)
Currency remeasurement adjustments |  | (3.90) |  | (555,212) |  | — |  | — |  | — |  | —
Change in valuation allowance |  | (8.59) |  | (1,224,430) |  | (19.47) |  | (2,645,495) |  | (10.77) |  | (498,864)
Effect of different tax rates |  | (3.05) |  | (434,228) |  | (2.11) |  | (286,748) |  | (0.75) |  | (34,521)
Change in tax rates |  | — |  | — |  | 3.44 |  | 467,424 |  | 0.91 |  | 42,203
Effective tax rate / tax charge: |  | — |  | — |  | (6.53) |  | (887,648) |  | — |  | —
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