XML 72 R62.htm IDEA: XBRL DOCUMENT v3.22.2
STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Oct. 15, 2021
Oct. 08, 2021
Sep. 22, 2021
Sep. 17, 2021
May 16, 2021
Mar. 08, 2021
Mar. 05, 2021
Feb. 17, 2021
Feb. 16, 2021
Feb. 12, 2021
Oct. 19, 2020
Aug. 02, 2017
Jul. 19, 2017
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Jan. 22, 2021
May 16, 2019
Number shares issued during period                               50,730   4,375 71,250          
Number of common stock value issued during period                                   $ 38,500 $ 456,000          
Preferred stock, par value                           $ 0.0001   $ 0.0001       $ 0.0001   $ 0.0001    
Common stock, shares issued                           4,485,538   4,171,638       4,485,538   4,171,638    
Common stock, shares outstanding                           4,485,538   4,171,638       4,485,538   4,171,638    
Fractional adjustment of warrants                           1,370           1,370        
Number of warrant issued                           179,506           179,506        
Ajustment for exercise of warrants value                                       $ 143        
Reverse stock split, description                             1,370 shares were added as a fractional adjustment when the reverse stock split occurred.                  
Debt conversion instrument             5,499                 21,250                
Warrants exercised                           44,554           44,554        
Common stock services shares                                     50,000          
Value of shares issued for service                                   $ 1,750 $ 436,385          
Stock based compensation expense                                       $ 36,446 $ 226,807      
Conversion of notes payable                                     224,687          
Accrued interest                                     $ 43,438          
Amount of warrants outstanding                           $ 950,000           950,000        
Stock based compensation unregognised                           $ 212,403           $ 212,403        
Share based compensation                                            
Warrants outstanding                           12,500           12,500        
Number of options vested                             342,879                  
Share Exchange Agreement [Member] | MIMO Technologies PVT Ltd [Member]                                                
Ownership interest percentage               99.00%                                
Share Exchange Agreement [Member] | MIMO Technologies PVT Ltd [Member]                                                
Number of warrant issued               170,942                                
Warrants exercised               170,942                                
Warrants exercise price               $ 0.008                                
Number of warrants earned               102,565                                
Remaining warrants expected to be earned               68,377                                
Amount of warrants outstanding               $ 1,640,447                                
Minority interest ownership percentage               1.00%                             1.00%  
Share Exchange Agreement [Member] | MIMO Technologies PVT Ltd [Member]                                                
Number of warrant issued               170,942                                
Warrants exercise price               $ 0.008                                
Number of warrants earned               102,565                                
Remaining warrants expected to be earned               68,377                                
Amount of warrants outstanding               $ 1,640,447                                
Share Exchange Agreement [Member] | Contingent Consideration [Member] | MIMO Technologies PVT Ltd [Member]                                                
Amount of warrants outstanding               $ 656,179                                
Stock Purchase Agreements [Member]                                                
Number shares issued during period                 71,250                              
Shares issued price per share                 $ 6.40                              
Number of common stock value issued during period                 $ 456,000                              
Number of warrant issued                 35,625                              
Warrants exercise price                 $ 16.00                              
Warrant term               3 years 3 years                              
Consulting Agreement [Member]                                                
Number shares issued during period           3,125                                    
Number of warrant issued           12,500                                    
Stock based compensation unregognised           $ 3,000                                    
Rohuma, LLC [Member]                                                
Shares of stock issued for acquisition, shares                                     536,528          
TRAQIQ Solutions Private Limited [Member] | Share Exchange Agreement [Member]                                                
Number of warrant issued                                               166,159
Warrants exercised                           44,554       56,400   44,554 56,400     166,159
Percentage of voting interest acquired                                               100.00%
Warrant term                                               5 years
Class of warrant                                               $ 268
Cancelled warrants         52,391                                      
Warrants outstanding                           12,813           12,813        
TRAQIQ Solutions Private Limited [Member] | Share Exchange Agreement [Member] | Immediately Upon Closing [Member]                                                
Number of warrant issued                                               12,596
Warrants exercised                                               12,596
TRAQIQ Solutions Private Limited [Member] | Share Exchange Agreement [Member] | One Year After the Date of Closing [Member]                                                
Warrants exercised                                     107,494         107,494
TRAQIQ Solutions Private Limited [Member] | Share Exchange Agreement [Member] | Two Years After the Date of Closing [Member]                                                
Number of warrant issued                                               46,069
Warrants exercised                                               46,069
Warrant term                                               2 years
MIMO Technologies PVT Ltd [Member]                                                
Note receivable written off               $ 258,736                                
Accounts receivable written off               123,778                                
Debenture written off               40,354                                
Cash payment to minority shareholders               22,338                                
MIMO Technologies PVT Ltd [Member] | Share Exchange Agreement [Member]                                                
Accounts receivable written off               123,778                                
Debenture written off               40,354                                
Cash payment to minority shareholders               22,338                                
MIMO Technologies PVT Ltd [Member] | Share Exchange Agreement [Member] | Contingent Consideration [Member]                                                
Amount of warrants outstanding               656,179                                
Platinum Point Capital [Member]                                                
Warrants exercise price           $ 16.00       $ 16.00                            
Warrant term           3 years                                    
Share based compensation                   25,000                            
Decrease in exercise price $ 11.60 $ 11.60   $ 11.60                                        
Common Stock [Member]                                                
Number shares issued during period                                 6,899 4,375 71,250          
Number of common stock value issued during period                                   $ 1 $ 7          
Shares of stock issued for conversion of notes payable and accrued interest, shares                                     33,042          
Common stock services shares                                   125 50,000          
Value of shares issued for service                                   $ 5          
Conversion of notes payable                                     $ 3          
Shares of stock issued for acquisition, shares                           133,024         320,285          
Additional Paid-in Capital [Member]                                                
Number of common stock value issued during period                                   38,499 $ 455,993          
Value of shares issued for service                                   1,750 436,380          
Conversion of notes payable                                     $ 224,684          
Additional Paid-in Capital [Member] | Share Exchange Agreement [Member] | MIMO Technologies PVT Ltd [Member]                                                
Amount of warrants outstanding               984,268                                
Additional Paid-in Capital [Member] | MIMO Technologies PVT Ltd [Member] | Share Exchange Agreement [Member]                                                
Amount of warrants outstanding               $ 984,268                                
Share-Based Payment Arrangement, Tranche Two [Member]                                                
Number of warrant issued                           133,024           133,024        
Asset value of contingent consideration                                       $ 851,353        
Share-Based Payment Arrangement, Tranche Two [Member] | Share Exchange Agreement [Member] | Contingent Consideration [Member] | MIMO Technologies PVT Ltd [Member]                                                
Amount of warrants outstanding                           $ 410,112           $ 410,112        
Maximum [Member] | Share Exchange Agreement [Member] | MIMO Technologies PVT Ltd [Member]                                                
Minority interest ownership percentage               1.00%                             1.00%  
Chief Executive Officer [Member]                                                
Number shares issued during period                                 150,000              
Compensation bonus for CEO                                 $ 1,078,560              
Advisor [Member] | Restricted Stock [Member]                                                
Stock based compensation expense                                   $ 40,222            
Share-based payment award, vesting period                                   3 years            
Share-based payment award authorized                                   43,750     43,750      
Director [Member] | Common Stock [Member] | Restricted Stock [Member]                                                
Shares award issued in period                                   37,500            
Short-term debt, lender                                   director for agreeing to lend the Company $400,000            
Shares may be return in period                                   18,750            
Shares award issued in period                                   $ 447,000            
Evergreen Capital Management LLC [Member]                                                
Warrants exercise price $ 11.60 $ 11.60   $ 11.60                                        
Warrant term 5 years 5 years   5 years                                        
Share based compensation 20,690 41,379   62,069                                        
Decrease in exercise price                   $ 11.60                            
Convertible promissory note payable $ 240,000 $ 480,000   $ 720,000                                        
Warrants issued to investment bankers 1,655 3,310   4,966                                        
Commission expenses $ 5,756 $ 9,695   $ 37,977                                        
Board Members, Advisory Board Members, Employees and Consultants [Member]                                                
Share based compensation                     491,250                          
Stock option term                     10 years                          
Series A convertible preferred stock [Member]                                                
Conversion price description                                       (i) eighty five percent (85%) of the average closing bid price of the Common Stock over the twenty (20) trading days immediately preceding the date of conversion, (ii) but no less than par value of the Common Stock. For purposes of determining the closing bid price on any day, reference shall be to the closing bid price for a share of Common Stock on such date on the OTC Markets, as reported on Bloomberg, L.P. (or similar organization or agency succeeding to its functions of reporting prices) (the “Per Share Market Value”).        
Preferred stock, shares issued                           0   0       0   0    
Preferred stock, shares outstanding                           0   0       0   0    
Series A convertible preferred stock [Member] | Minimum [Member]                                                
Preferred stock, par value                           $ 500           $ 500        
Series A convertible preferred stock [Member] | Chief Executive Officer [Member]                                                
Number shares issued during period     6,899                 50,000 50,000                      
Shares issued price per share     $ 7.2472                 $ 0.20                        
Number of common stock value issued during period                       $ 10,000                        
Shares of stock issued for conversion of notes payable and accrued interest, shares     50,000                           50,000              
Preferred stock, shares issued                           0   0       0   0    
Preferred stock, shares outstanding                           0   0       0   0    
Conversion of notes payable                                 56,400              
Warrants exercised                                 56,400              
Warrants exercise price                                 $ 45              
Convertible Common Stock [Member]                                                
Shares of stock issued for conversion of notes payable and accrued interest, shares                                     33,042          
Conversion of notes payable                                     $ 181,250