Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION - Additional Information (Details)

v3.24.3
STOCK-BASED COMPENSATION - Additional Information (Details) - USD ($)
1 Months Ended 12 Months Ended
Jun. 23, 2023
Dec. 31, 2023
Jan. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
STOCK-BASED COMPENSATION          
Stock awards (Note 7) (in shares)       1,617,000 440,250
Weighted-average grant-date fair value       $ 1.35 $ 3.52
Total fair value of shares vested       $ 1,670,964 $ 1,340,967
Weighted-average grant-date fair value of vested options outstanding (in per shares)       $ 11.13 $ 19.92
Weighted-average grant-date fair value of unvested options outstanding (in per shares)   $ 1.81   1.81 5.25
Weighted average grant date fair value of options forfeited       $ 1.41 $ 7.33
Number of options vested       308,136 135,976
Total unrecognized compensation cost related to unvested stock-based compensation arrangements   $ 2,205,192   $ 2,205,192  
Total amount the Company expects to recognize in 2024       1,330,233  
Total amount the Company expects to recognize in 2025       775,193  
Total amount the Company expects to recognize in 2026       $ 99,766  
Stock options          
STOCK-BASED COMPENSATION          
Weighted-average exercise price       $ 1.78 $ 4.51
Aggregate shares available for grants   116,579   116,579  
Contingent non-statutory stock option awards          
STOCK-BASED COMPENSATION          
Stock awards (Note 7) (in shares)   2,776,000 609,000    
Weighted-average exercise price   $ 2.63 $ 1.68    
Employee          
STOCK-BASED COMPENSATION          
Stock awarded in cash   434,132      
Stock awarded (in shares)   213,532      
Stock awarded, valued   565,868      
2021 Stock Incentive Plan          
STOCK-BASED COMPENSATION          
Increase in common stock available for issuance 1,100,000        
Shares issued 2,368,000