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TERM LOAN (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
TERM LOAN |
Schedule of assumptions used for measuring fair value of warrants | ​
​ | ​ | ​ | ​ | ​
As of August 3, 2022 |  | Warrants |  | Options
Expected dividend yield |  | 0% |  | 0%
Expected forfeiture rate | ​ | 0% |  | 0%
Share price of last financing |  | $0.48 |  | $0.48
Expected share price volatility |  | 64.91% -113.22% |  | 133.15% - 143.3%
Risk free interest rate |  | 3.18% |  | 2.85% - 3.08%
Remaining life of warrants & options |  | –.03 - 2 years |  | 2.56 – 4.23 years
Schedule of term loan | ​
​ | ​ | ​
​ |  | $
Principal amount of the Term Loan |  | 15,000,000
Fair value of the attached warrants |  | (1,435,350)
Term Loan at fair value on issuance, June 28, 2023 |  | 13,564,650
Transaction costs |  | (787,175)
Accretion of warrant value and transaction costs |  | 631,540
Fair value of loan as of December 14, 2023 |  | 13,409,015
Additional principal amount of loan on Dec 14, 2023 |  | 5,882,353
Loan issue discount |  | (882,353)
Fair value of the attached warrants |  | (275,961)
Transaction fee for modification |  | (219,212)
Fair value of modified loan as of December 14, 2023 |  | 17,913,842
Accretion of warrant value and transaction costs |  | 42,581
​ |  | 17,956,423
Non-Transferable Warrants |
TERM LOAN |
Schedule of assumptions used for measuring fair value of warrants | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 28, 2023 |  | December 14, 2023 |
Expected dividend yield |  | ​ | 0 | % | ​ | 0 | %
Stock price | ​ | $ | 1.35 | ​ | $ | 1.14 | ​
Expected share price volatility | ​ |  | 92.06 | % |  | 63.54 | %
Risk free interest rate | ​ |  | 4.13 | % |  | 3.73 | %
Expected life of warrant | ​ |  | 3 | years |  | 2.54 | years

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