FAIR VALUE MEASUREMENTS - Assets measured at fair value on a recurring basis (Details) - USD ($) |
Jun. 30, 2023 |
Dec. 31, 2022 |
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Liabilities: | ||
Warrant liability | $ 1,287,400 | $ 1,859,374 |
Recurring | ||
Assets: | ||
Short-term investments | 31,825 | 31,009 |
Total assets measured at fair value | 31,825 | 31,009 |
Liabilities: | ||
Warrant liability | 1,287,400 | 1,859,374 |
Total liabilities measured at fair value | 1,287,400 | 1,859,374 |
Recurring | Level 1 | ||
Assets: | ||
Short-term investments | 31,825 | 31,009 |
Total assets measured at fair value | 31,825 | 31,009 |
Recurring | Level 3 | ||
Liabilities: | ||
Warrant liability | 1,287,400 | 1,859,374 |
Total liabilities measured at fair value | $ 1,287,400 | $ 1,859,374 |
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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 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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