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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 12 Months Ended
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Dec. 31, 2024
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES |
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 5.ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accrued liabilities consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​
​ |  | 2024 |  | 2023 | ​
Legal | ​ | $ | 44,610 | ​ | $ | 66,254 | ​
Deferred financing costs | ​ | ​ | — | ​ | ​ | 99,883 | ​
Accounting | ​ |  | 95,182 | ​ |  | 101,528 | ​
Research and development | ​ |  | 223,559 | ​ |  | 691,908 | ​
Severance | ​ | ​ | 38,328 | ​ | ​ | 518,704 | ​
Other | ​ |  | 79,283 | ​ |  | 28,249 | ​
Accrued liabilities | ​ | $ | 480,962 | ​ | $ | 1,506,526 | ​
​ In May 2023, the Company entered into an agreement with a vendor which gave the option to defer payment on approximately $5.4 million of current accounts payable and accrued liabilities until March 31, 2024. The outstanding balance of invoices due to the vendor accrued interest at an annual rate of 5.5%, paid monthly. As of December 31, 2023, the amount outstanding under the agreement recorded in accounts payable was $5.7 million. The Company made a cash payment of approximately $5.9 million to settle the entirety of the amount outstanding under the agreement in March 2024.

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