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WARRANTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Class of Warrant or Right [Line Items] |
Summary of Outstanding Warrants | The following table provides a summary of the Company's outstanding warrants:
​ |  | September 30, 2024 |  |  | December 31, 2023 |
Liability classified warrants: |  |  |  |  |  |  |  |
Junior Note Warrants |  |  | $ | 859,315 |  |  |  | $ | 550,000 |
Public Warrants |  |  |  | 417,770 |  |  |  |  | 417,770 |
Total liability-classified warrants outstanding |  |  | $ | 1,277,085 |  |  |  | $ | 967,770 |
Equity classified warrants: |  |  |  |  |  |  |  |
June 2023 Senior Note Warrants |  |  | $ | 335,210 |  |  |  | $ | 335,210 |
Pre-Funded Warrants |  |  |  | 837,116 |  |  |  |  | - |
August 2024 Warrants Issued with Junior Notes |  |  |  | 19,892 |  |  |  |  | - |
Total equity-classified warrants outstanding |  |  | $ | 1,192,218 |  |  |  | $ | 335,210 |
Junior Note Warrants |
Class of Warrant or Right [Line Items] |
Schedule of Aggregate Fair value of Warrants | The aggregate fair value of the Junior Note Warrants was estimated using a Monte Carlo simulation based approach, a Level 3 valuation. The significant inputs to the calculation of the fair value of the Junior Note Warrant liability were as follows:
​ |  | Nine Months Ended September 30, 2024 |  | Year Ended December 31, 2023
Common Stock Warrants: | ​ |  |  |  |  |
Stock price |  | $ | 0.03 - 0.51 |  | $ | 0.15 - 0.18
Expected term (in years) |  |  | 4.2 - 4.9 |  |  | 4.9 - 5.0
Expected volatility |  |  | 58.9% - 76.9% |  |  | 66.3%
Risk-free interest rate |  |  | 3.6% - 4.3% |  |  | 3.8% - 4.1%
Expected dividend yield |  |  | 0.0% |  |  | 0.0%
Common Stock Warrant [Member] | Senior Note Warrants |
Class of Warrant or Right [Line Items] |
Schedule of Aggregate Fair value of Warrants | The aggregate fair value of the Senior Note Warrants of $3,401,366 was estimated using the Black-Scholes option-pricing model with the following assumptions:
​ |  | Issuance Date |
Common Stock Warrants: | ​ |  |  |
Expected term (in years) |  |  |  | 5.0 |
Expected volatility |  |  | 47.9% |
Risk-free interest rate |  |  | 4.0% |
Expected dividend yield |  |  | 0.0% |

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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