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COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Summary of Lease Cost

During the periods presented, the Company recognized the following lease costs arising from the lease transaction:

​	​	Three Months Ended September 30,							​	Nine months ended September 30,
​		2024				2023				2024				2023
Operating lease cost	​	$	102,938		​	$	85,036		​	$	308,814		​	$	255,109

Summary of Cash Flow Transactions Arising from Lease Transaction

The Company recognized the following cash flow transactions arising from lease transactions:

​	​	Nine months ended September 30,
​		2024				2023
Cash paid for amounts included in the measurement of lease liabilities	​	$	287,537		​	$	279,160

Summary of Future Payments and Interest Expense for Operating Lease

On September 30, 2024, the future payments and interest expense for the operating leases are as follows:

Year Ending December 31,	​	Future Payments
2024	​	$	95,846
2025	​		240,834
Total undiscounted cash flows			336,680
Less: imputed interest			(8,126	)
Present value of lease liabilities	​	$	328,554

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Schedule of cash flow transactions arising from lease transaction.

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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