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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
SUMMARY OF STOCK-BASED COMPENSATION EXPENSE RECOGNIZED FOR STOCK OPTION AWARDS | The Company has recorded stock-based compensation expense related to the issuance of restricted stock awards in the following line items in the accompanying condensed consolidated statements of operations: SUMMARY OF STOCK-BASED COMPENSATION EXPENSE RECOGNIZED FOR STOCK OPTION AWARDS
|  | 2024 |  |  | 2023 |
Research and development |  | $ | 99,174 |  |  | $ | 37,131 |
Selling, general and administrative |  |  | 890,507 |  |  |  | 711,692 |
Total stock-based compensation expense |  | $ | 989,681 |  |  | $ | 748,823 |
SUMMARY OF OPTION ACTIVITY | The following table summarizes stock option activity under the 2014 and 2024 Plans: SUMMARY OF OPTION ACTIVITY
|  | Number of options |  |  | Weighted- average exercise price |  |  | Weighted- average remaining contractual term (in years) |  |  | Aggregate intrinsic value |
Outstanding at December 31, 2023 |  |  | 683,695 |  |  | $ | 3.99 |  |  |  | 2.9 |  |  | $ | 158,332 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | (208,031 | ) |  |  | 1.16 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (171,539 | ) |  |  | 2.16 |  |  |  | — |  |  |  | — |
Outstanding at December 31, 2024 |  |  | 304,125 |  |  | $ | 6.95 |  |  |  | 4.20 |  |  | $ | — |
Vested and exercisable at December 31, 2024 |  |  | 304,125 |  |  | $ | 6.95 |  |  |  | 4.20 |  |  | $ | — |
SUMMARY OF RESTRICTED STOCK AWARD | The following table summarizes restricted stock award activity under the 2014 and 2024 Plan: SUMMARY OF RESTRICTED STOCK AWARD
|  |  |  |  |  |  |  |  |  |  | As of December 31, 2024 |
|  | Number of restricted stock awards (RSA) |  |  | Weighted- average grant price |  |  | FMV on grant date |  |  | Vested number of RSA |  |  | Unvested number of RSA |
Balance at December 31, 2023 |  |  | 540,969 |  |  | $ | 2.24 |  |  | $ | 1,209,400 |  |  |  | 462,298 |  |  |  | 78,671 |
Granted |  |  | 865,423 |  |  |  | 1.81 |  |  |  | 1,570,834 |  |  |  | 517,941 |  |  |  | 347,482 |
Forfeited |  |  | (77,096 | ) |  |  | 1.80 |  |  |  | (139,173 | ) |  |  | — |  |  |  | (77,096 | )
Balance at December 31, 2024 |  |  | 1,329,296 |  |  | $ | 2.24 |  |  | $ | 2,641,061 |  |  |  | 980,239 |  |  |  | 349,057 |

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