v3.24.4
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
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

 

​

​

Year ended December 31,

 

​

 

2023

 

 

2022

 

Operating lease cost

​

$

352,080

 

​

$

340,146

 

 

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

 

During the years ended December 31, 2023 and 2022, the Company recognized the following lease costs arising from the lease transaction:

 

​

​

Year ended December 31,

 

​

 

2023

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities

​

$

372,214

 

​

$

361,324

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

263,939

 

​

 

934,584

 

 

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

 

As of December 31, 2023, the future payments and interest expense for the operating lease are as follows:

 

Year Ending December 31,

​

Future Payments

 

2024

​

$

383,383

 

2025

​

 

240,834

 

Total undiscounted cash flows

 

 

624,217

 

Less: imputed interest

 

 

(31,463

)

Present value of lease liabilities

​

$

592,754