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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Summary of Lease Cost |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Operating lease cost |  | $ | 411,751 |  |  | $ | 352,080 |
Summary of Cash Flow Transactions Arising from Lease Transaction | During the years ended December 31, 2024 and 2023, the Company recognized the following lease costs arising from the lease transaction:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 383,383 |  |  | $ | 372,214 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | — |  |  |  | 263,939 |
Summary of Future Payments and Interest Expense for Operating Lease | As of December 31, 2024, the future payments and interest expense for the operating lease are as follows:
Year Ending December 31, |  | Future Payments |
2025 |  | $ | 240,834 |
Total undiscounted cash flows |  |  | 240,834 |
Less: imputed interest |  |  | (3,465 | )
Present value of lease liabilities |  | $ | 237,369 |

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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 + Details
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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 + Details
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