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NET INCOME (LOSS) PER SHARE OF COMMON STOCK - Computation of Basic and Diluted Income (Loss) Per Share (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Earnings Per Share [Abstract]                
Net income (loss) $ 22,513,205 $ (8,233,487) $ (8,568,805) $ (7,820,446) $ (6,192,036) $ (6,970,412) $ 5,710,913 $ (20,982,894)
Weighted average shares of common stock outstanding - basic 7,568,981     7,568,981     7,568,981 6,148,276
Dilutive effect             $ 9,286  
Weighted average shares of common stock outstanding - diluted 7,568,981     7,568,981     7,578,267 6,148,276
Net income (loss) per ordinary share, basic $ 2.97     $ (1.03)     $ 0.75 $ (3.41)
Net income (loss) per ordinary share, diluted $ 2.97     $ (1.03)     $ 0.75 $ (3.41)