XML 87 R74.htm IDEA: XBRL DOCUMENT v3.24.1
Stockholders’ Equity (Details) - USD ($)
1 Months Ended 12 Months Ended
Dec. 14, 2023
Nov. 20, 2023
Nov. 08, 2023
Aug. 11, 2023
May 19, 2023
Dec. 30, 2022
Sep. 13, 2022
Aug. 05, 2022
Aug. 01, 2022
Jul. 11, 2022
Feb. 03, 2022
Oct. 22, 2021
Jan. 01, 2021
Dec. 15, 2020
Aug. 31, 2023
Aug. 30, 2023
Aug. 24, 2023
Aug. 16, 2023
Dec. 28, 2022
Aug. 30, 2022
Dec. 31, 2023
Dec. 31, 2022
Jul. 08, 2022
Dec. 31, 2021
Feb. 16, 2021
Stockholders’ Equity (Details) [Line Items]                                                  
Common stock authorized [1]                                         750,000,000 750,000,000      
Common stock par value (in Dollars per share) [1]                                         $ 0.0001 $ 0.0001      
Common stock issued                 66,667                       13,819,889 [1] 12,563,426 [1]      
Common stock outstanding [1]                                         13,819,889 12,563,426      
Value of grant date (in Dollars)                 $ 84,000                                
Agreement fee (in Dollars)                 $ 3,000                                
Common stock shares                                           3,000,000 66,667    
Restricted shares               100,000   66,667       83,333                      
Common stock conversion shares   500,000 289,855   72,464                   144,928 2,838 173,914 72,464              
Convertible debt (in Dollars)   $ 172,500 $ 100,000   $ 25,000                   $ 50,000   $ 60,000 $ 25,000              
Shares vested                         1,000,000                        
Remaining vested shares                                         50,000        
Vested years                                         2 years        
Shares underlying warrants, granted                                         50,000        
Expense (in Dollars)                                         $ 0 $ 361,064      
Preferred stock, authorized                                         25,000,000 25,000,000      
Preferred stock, par value (in Dollars per share)                                         $ 0.0001 $ 0.0001      
Description of compensation service                                         (i) a cash endorsement fee of Three Hundred Thousand U.S. Dollars ($300,000 USD), payable as follows: (i) One Hundred Twenty-Five Thousand Dollars ($125,000) upon execution of the Endorsement Agreement, (ii) One Hundred Twenty-Five Thousand Dollars ($125,000) quarterly during the Term, beginning on the 90th day following the Effective Date, and (iii) Fifty Thousand Dollars ($50,000) on or prior to the first anniversary of the Effective Date and (ii) warrants exercisable for an aggregate of Five hundred thousand (500,000) shares of the Common Stock at an exercise price of $1.035 per share. The Warrants shall have a three-year term commencing from the Effective Date.        
Exercise price (in Dollars per share)             $ 1.2                                   $ 0.24
Expiration date                                       Aug. 30, 2027          
Note amendment transaction description                                         the Company entered into the December 2022 Note Amendment Transaction, as fully described in note 11 above. In terms of the Note Amendment Transaction the following occurred:   ● The warrants issued to Cavalry and Mercer exercisable for 165,798 shares of Common Stock (82,899 for each of Cavalry and Mercer), were exchanged for two promissory notes of $482,000 each, as disclosed in note 11 above;   ● The warrants issued to Cavalry and Mercer on August 30, 2022, were subject to repricing and a full rachet increase in the number of warrants issued, resulting in an increase in the number of warrants by 2,408,696 (1,204,348 to each Cavalry and Mercer) and a reset of the exercise price to $0.345 per share. The additional warrants were valued at $841,003 using a Black-Scholes valuation model and was expensed in the statement of operations as a component of the loss on convertible debt.   ● An additional 457,895 warrants previously issued to Mercer, Iroquois Master Fund and Bellridge Capital LP were subject to repricing of the exercise price from a range of $1.50 to $4.50 per share to $0.345 per share. The change in the fair value of these warrants of $20,079, using a Black-Scholes valuation model was recorded as a component of the loss on convertible debt.        
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number 292,463     33,334                                 33,334        
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in Dollars per share) $ 0.345     $ 1.5   $ 1.2                         $ 0.0115   $ 0.345        
Proceeds from Warrant Exercises (in Dollars) $ 225,000                                                
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period                                         1,000,000        
Limitation exceeds percentage                                         9.99%        
Purchase an aggregate shares                                         133,334        
Preferred stock, per share amounts of preferred dividends in arrears (in Dollars per share)                                         $ 0.45        
Purchase shares of common stock                                         166,667        
Additional purchase shares of common stock                                         166,667        
Aggregate purchase of common stock                                         1,333,334        
Warrants outstanding an intrinsic value (in Dollars)                                         $ 0 $ 0      
Incentive stock options                   500,000                              
Amount of immediate expense (in Dollars)                                           31,970      
Options exercisable shares             6,667                           716,666        
Intrinsic value outstanding options (in Dollars)                                         $ 0 0      
Option expense (in Dollars)                                         $ 377,856 $ 1,233,682      
Maximum [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Warrants beneficially percentage                                         4.99%        
Shares of common stock                                         26,667        
Warrant [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Purchased shares           1,000,000                                      
Fair value of warrants (in Dollars)           $ 348,938                                      
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in Dollars per share)                     $ 4.5               $ 0.345   [2] [2]      
Purchase an aggregate shares                                         199,999        
Incentive stock options [2]                                         10,442,093 5,186,376   1,243,477  
Common Stock [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Common stock par value (in Dollars per share)                                         $ 0.0001        
Common stock issued                 2,000,000                                
Value of grant date (in Dollars)                                             $ 84,000    
Common stock shares                                             2,000,000    
Warrant exercisable                                       100,000          
Exercise price (in Dollars per share)           $ 0.345                           $ 4.5          
Options exercisable shares             26,668                           23,891        
Common Stock [Member] | Maximum [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Shares of common stock                                         100,000        
Chief Executive Officer [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Stock option exercise price (in Dollars per share)                   $ 4.5                              
Amount of immediate expense (in Dollars)                                           $ 823,854      
Debt Conversion Notices [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Aggregate shares of common stock                                         5,696,586        
Convertible debt amount (in Dollars)                                         $ 0.345        
2021 Stock Incentive Plan [Member] | Maximum [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Shares of common stock                       1,766,667                          
Restricted Stock [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Restricted shares                           2,500,000                      
Shares vested                         33,333                        
Remaining vested shares                                         1,500,000        
Shares underlying warrants, granted                                         1,500,000        
2018 Stock Incentive Plan [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Terminates period                                         10 years        
2021 Stock Incentive Plan [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Terminates period                       10 years                          
Richard Rosenblum [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Restricted shares                   2,000,000                              
Samad Harake [Member]                                                  
Stockholders’ Equity (Details) [Line Items]                                                  
Value of grant date (in Dollars)               $ 165,000   $ 110,000                              
Common stock shares               3,000,000                                  
[1] After giving effect to a 1 for 30 reverse stock split on August 30, 2023.
[2] After giving effect to a 1 for 30 reverse stock split on August 30, 2023.