FAIR VALUE MEASUREMENTS - Assets measured at fair value on a recurring basis (Details) - USD ($) |
Sep. 30, 2022 |
Jun. 19, 2022 |
Dec. 31, 2021 |
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Liabilities: | |||
Derivative liability | $ 2,741,058 | $ 5,379,878 | |
Warrant liability | $ 1,553,186 | 1,871,687 | |
Recurring | |||
Assets: | |||
Short-term investments | 30,539 | 33,248 | |
Total assets measured at fair value | 30,539 | 33,248 | |
Liabilities: | |||
Derivative liability | 5,379,878 | ||
Warrant liability | 1,553,186 | 1,871,687 | |
Total liabilities measured at fair value | 1,553,186 | 7,251,565 | |
Recurring | Level 1 | |||
Assets: | |||
Short-term investments | 30,539 | 33,248 | |
Total assets measured at fair value | 30,539 | 33,248 | |
Recurring | Level 3 | |||
Liabilities: | |||
Derivative liability | 5,379,878 | ||
Warrant liability | 1,553,186 | 1,871,687 | |
Total liabilities measured at fair value | $ 1,553,186 | $ 7,251,565 |
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- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of financial and nonfinancial obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The fair value of shares that would be issued, determined under the conditions specified in the contract if the settlement were to occur at the reporting date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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