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FAIR VALUE OF FINANCIAL INSTRUMENTS - Change in fair value of warrants (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2024
FAIR VALUE OF FINANCIAL INSTRUMENTS    
Fair value at beginning of period $ 1,646,000 $ 4,285,000
Fair value at February 2, 2024 5,071,000 5,071,000
Change in fair value-warrant modification 394,000 394,000
Change in fair value (1,765,000) (4,404,000)
Fair Value at ending of period 5,346,000 5,346,000
Common Warrants    
FAIR VALUE OF FINANCIAL INSTRUMENTS    
Fair value at beginning of period 581,000 1,468,000
Change in fair value-warrant modification 230,000 230,000
Change in fair value (305,000) (1,192,000)
Fair Value at ending of period 506,000 506,000
Series A Warrants    
FAIR VALUE OF FINANCIAL INSTRUMENTS    
Fair value at beginning of period 745,500 1,971,900
Change in fair value (399,500) (1,625,900)
Fair Value at ending of period $ 346,000 $ 346,000
Change in fair value, Gain (loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Loss on issuance of warrants Loss on issuance of warrants
Series A Warrants - modified    
FAIR VALUE OF FINANCIAL INSTRUMENTS    
Fair value at beginning of period $ 319,500 $ 845,100
Change in fair value-warrant modification 164,000 164,000
Change in fair value (179,500) (705,100)
Fair Value at ending of period 304,000 304,000
Private Common Warrants    
FAIR VALUE OF FINANCIAL INSTRUMENTS    
Fair value at February 2, 2024 5,071,000 5,071,000
Change in fair value (881,000) (881,000)
Fair Value at ending of period $ 4,190,000 $ 4,190,000