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Consolidated Statement of Changes in Mezzanine Equity and Stockholders' Equity/Members's Equity (Unaudited) - USD ($)
Members' Equity (Deficiency) [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
[2]
Preferred Stock [Member]
Series B Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Series B Preferred Stock [Member]
Total
Balance - March 31, 2023 at Dec. 31, 2022 $ 2,526,104 [1]     $ 2,526,104
Balance, shares at Dec. 31, 2022 [1]                
Balance, value at Dec. 31, 2022 [1] 2,526,104              
Balance, shares at Dec. 31, 2022   [1]          
Net loss (664,601)               (664,601)
Contributions, net of distributions 170,000 [1]     170,000
Contributions, net of distributions 170,000                
Contributions, net of distributions (664,601)                
Balance - June 30, 2023 at Mar. 31, 2023 2,031,503 [1]     2,031,503
Balance, shares at Mar. 31, 2023 [1]                
Balance, value at Mar. 31, 2023 [1] 2,031,503              
Balance, shares at Mar. 31, 2023   [1]          
Balance - March 31, 2023 at Dec. 31, 2022 2,526,104 [1]     2,526,104
Balance, shares at Dec. 31, 2022 [1]                
Balance, value at Dec. 31, 2022 [1] 2,526,104              
Balance, shares at Dec. 31, 2022   [1]          
Net loss                 (23,568,649)
Balance - June 30, 2023 at Jun. 30, 2023 $ 70 [1] $ 147   $ 3,425 35,676,238 (23,568,649)   12,111,231
Balance, shares at Jun. 30, 2023 [1]                
Balance, value at Jun. 30, 2023 [1]              
Balance, shares at Jun. 30, 2023   701,000 [1] 1,470,135   34,252,778        
Balance - March 31, 2023 at Mar. 31, 2023 2,031,503 [1]     2,031,503
Balance, shares at Mar. 31, 2023 [1]                
Balance, value at Mar. 31, 2023 [1] 2,031,503              
Balance, shares at Mar. 31, 2023   [1]          
Net loss [1]   (22,904,048)   (22,904,048)
Effect of reverse acquisition (2,031,503) $ 63 [1] $ 147   $ 3,395 30,088,068 (664,601)   27,395,569
Effect of reverse acquisition, shares   630,900 [1] 1,470,135   33,952,778 [2]        
Effect of reverse acquisition (2,031,503)                
Stock compensation $ 7 [1]   $ 30 5,588,170     5,588,207
Stock compensation, shares [1]   70,100     300,000        
Balance - June 30, 2023 at Jun. 30, 2023 $ 70 [1] $ 147   $ 3,425 35,676,238 (23,568,649)   12,111,231
Balance, shares at Jun. 30, 2023 [1]                
Balance, value at Jun. 30, 2023 [1]              
Balance, shares at Jun. 30, 2023   701,000 [1] 1,470,135   34,252,778        
Balance - March 31, 2023 at Dec. 31, 2023 $ 63 [1]   $ 1,513 155,377,798 (150,080,049)   5,299,325
Balance, shares at Dec. 31, 2023 [1]                
Balance, value at Dec. 31, 2023 [1]              
Balance, shares at Dec. 31, 2023   630,900 [1]   15,134,545        
Issuance of Warrants [1]   1,512,290 (862,289)   650,001
Exercise of share rights [1]   $ 1,026 (1,026)  
Exercise of share pre warrants, shares         10,252,269        
Net loss [1]   (2,258,944)   (2,258,944)
Balance - June 30, 2023 at Mar. 31, 2024 $ 63 [1]   $ 2,539 156,889,062 (153,201,282)   3,690,382
Balance, shares at Mar. 31, 2024 [1]                
Balance, value at Mar. 31, 2024 [1]              
Balance, shares at Mar. 31, 2024   630,900 [1]   25,386,814        
Balance - March 31, 2023 at Dec. 31, 2023 $ 63 [1]   $ 1,513 155,377,798 (150,080,049)   5,299,325
Balance, shares at Dec. 31, 2023 [1]                
Balance, value at Dec. 31, 2023 [1]              
Balance, shares at Dec. 31, 2023   630,900 [1]   15,134,545        
Net loss                 (4,612,913)
Balance - June 30, 2023 at Jun. 30, 2024 $ 140 [1]   $ 2,539 165,548,628 (155,555,251)   9,996,056
Balance, shares at Jun. 30, 2024 [1]       527,792          
Balance, value at Jun. 30, 2024 [1]     $ 6,899,967          
Balance, shares at Jun. 30, 2024   1,397,900 [1]   25,386,814        
Balance - March 31, 2023 at Mar. 31, 2024 $ 63 [1]   $ 2,539 156,889,062 (153,201,282)   3,690,382
Balance, shares at Mar. 31, 2024 [1]                
Balance, value at Mar. 31, 2024 [1]              
Balance, shares at Mar. 31, 2024   630,900 [1]   25,386,814        
Net loss [1]     (2,353,969)   (2,353,969)
Series B Preferred Offering [1]   2,653,105   2,653,105
Series B Preferred Offering, shares       422,200       422,200  
Series B Preferred Offering       $ 5,524,500          
Series B Preferred Offering costs           (290,390)     (290,390)
Series A Preferred shares issued in relation to guarantee agreement $ 22 [1]   3,009,978   3,010,000
Series A Preferred shares issued in relation to guarantee agreement, shares [1]   215,000              
Effect of reverse acquisition $ 55 [1]   8,567,945   8,568,000
Effect of reverse acquisition, shares [1]   552,000              
Issuance of Series B preferred [1]   (1,322,696)   (1,322,696)
Issuance of Series B preferred, shares       105,592          
Issuance of Series B preferred       $ 1,375,467          
Remeasurement of Series B Preferred Stock to redemption value           (3,958,376)     (3,958,376)
Balance - June 30, 2023 at Jun. 30, 2024 $ 140 [1]   $ 2,539 $ 165,548,628 $ (155,555,251)   $ 9,996,056
Balance, shares at Jun. 30, 2024 [1]       527,792          
Balance, value at Jun. 30, 2024 [1]     $ 6,899,967          
Balance, shares at Jun. 30, 2024   1,397,900 [1]   25,386,814        
[1] On January 10, 2024, the Company redomiciled and exchanged all outstanding shares of its pre-existing Series C Preferred Stock for shares of a new class of Series A Preferred Stock (Note 1 – Organization and Nature of Operations). The Statement of Changes in Stockholders’ Equity/Member’s Equity for the three and six months ended June 30, 2024 has been retrospectively restated to reflect this change.
[2] On January 10, 2024, the Company redomiciled and its pre-existing Series A class of Preferred Stock and Series B class of Preferred stock were eliminated (Note 1 – Organization and Nature of Operations). The Statement of Changes in Stockholders’ Equity/Member’s Equity for the three and six months ended June 30, 2024 has been retrospectively restated to reflect these changes.