XML 92 R74.htm IDEA: XBRL DOCUMENT v3.22.1
Shareholders’ Equity (Deficit) (Details) - USD ($)
1 Months Ended 12 Months Ended
Oct. 12, 2021
Oct. 08, 2021
Jun. 04, 2020
May 11, 2020
May 04, 2020
Mar. 26, 2021
Nov. 20, 2020
Oct. 26, 2020
Sep. 30, 2020
Sep. 29, 2020
May 28, 2020
Dec. 31, 2021
Dec. 31, 2020
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Allocation shares, authorized                       1,000 1,000
Ownership of allocation shares by manager                       100.00%  
Allocation of profit percentage                       20.00%  
Allocation shares are issued and outstanding                       1,000  
Senior convertible preferred shares           4,450,460 4,450,460     4,450,460      
Dividends rate (in Dollars per share)                       $ 2  
Common shares calculated based percentage                       80.00%  
Calculated based fixed price per share (in Dollars per share)                       $ 1.57  
Dividend payment date per share (in Dollars per share)                       $ 1.57  
Accumulated accrued and unpaid dividends percentage                       115.00%  
Conversion price (in Dollars per share)                       $ 1.75  
Ownership common shares outstanding                       4.99%  
Shareholder limitation, description                       This limitation may be waived (up to a maximum of 9.99%) by the holder and in its sole discretion, upon not less than sixty-one (61) days’ prior notice to the Company.  
Convertible preferred shares percentage                       115.00%  
Consolidations adjustments to conversion price, description                       ●On the first day of the 12th month following the issuance date of any series A senior convertible preferred shares, the stated dividend rate shall increase by five percent (5.0%) per annum and the conversion price shall adjust to the lower of the (i) initial conversion price and (ii) the price equal to the lowest VWAP of the ten (10) trading days immediately preceding such date. ●On the first day of the 24th month following the issuance date of any series A senior convertible preferred shares, the stated dividend rate shall increase by an additional five percent (5.0%) per annum, the stated value shall increase by ten percent (10%) and the conversion price shall automatically adjust to the lower of the (i) initial conversion price and (ii) the price equal to the lowest VWAP of the ten (10) trading days immediately preceding such date. ●On the first day of the 36th month following the issuance date of any series A senior convertible preferred shares, the stated dividend rate shall increase by an additional five percent (5.0%) per annum, the stated value shall increase by ten percent (10%) and the conversion price shall automatically adjust to the lower of the (i) initial conversion price and (ii) the price equal to the lowest VWAP of the ten (10) trading days immediately preceding the third adjustment date.  
Conversion price, description                       Notwithstanding the foregoing, the conversion price for purposes of the adjustments above shall not be adjusted to a number that is below $0.0075.  
Additional equity interest                       10.00%  
Sale of stock share               442,443 2,189,835        
Sale of stock price (in Dollars per share)           $ 1.65     $ 1.9        
Aggregate gross proceeds (in Dollars)                 $ 4,160,684     $ 137,500  
Purchase price unit (in Dollars)               $ 840,640          
Exercise price per share (in Dollars per share)           $ 2.5   $ 2.5       $ 3  
Deemed dividend of beneficial conversion feature (in Dollars)           $ 1,527,086           $ 2,874,478  
Sale of stock, shares           1,818,182              
Aggregate gross proceeds (in Dollars)           $ 3,000,000              
Accrued dividends attributable amount (in Dollars)                         $ 87,550
Convertible preferred shares amount (in Dollars)                       1,032,806  
Accrued dividends (in Dollars)                       $ 176,949  
Common shares, authorized                       500,000,000 500,000,000
Common shares, issued                       4,842,851 4,842,851
Common shares, outstanding                       4,444,013 4,444,013
Common stock fair value (in Dollars)     $ 245,000                    
Common stock issued upon acquisition           398,838              
Issued per share (in Dollars per share)           $ 1.9              
Purchase price per unit (in Dollars per share)           $ 1.65              
Issued common shares           398,838              
Expected life                       2 years 1 month 6 days  
Common stock exercise price (in Dollars per share)                       $ 2.5  
Warrant term description                       The warrants have a term of three years and are callable by the Company after one year if the 30-day average stock price is in excess of $5 and the trading volume in the Company’s shares exceed 100,000 shares a day over such period. The Company can also redeem the warrants during the term for $0.50 a warrant in the first year; $1.00 a warrant in the second year; and $1.50 a warrant in the third year.  
Common shares, issued   250,000                      
Exercise price per share (in Dollars per share)   $ 0.01                      
Warrant for purchase shares   500,000                      
Price per share (in Dollars per share)   $ 2.5                      
Options, description       the Company granted options to directors Paul A. Froning and Robert D. Barry to purchase 60,000 and 30,000 common shares, respectively, each at an exercise price of $2.50 per share. The options vested immediately on the date of grant and terminate on May 11, 2025. On September 29, 2020, Mr. Barry exercised the options cashless and on September 30, 2020, Mr. Froning exercised the options for proceeds of $150,000.                  
Leonite [Member]                          
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Common stock issued         100,000                
Common stock outstanding (in Dollars)         $ 100,000                
Loss on conversion of debt (in Dollars)         $ 175,000                
Asien's Seller [Member]                          
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Common stock issued                     415,000    
Common stock fair value (in Dollars)                     $ 1,037,500    
Service Provider [Member]                          
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Common stock issued     100,000                    
Series A Convertible Preferred Shares [Member]                          
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Dividend rate, Percentage                       14.00%  
Sale of stock price (in Dollars per share)           $ 1.65              
Aggregate gross proceeds (in Dollars)           $ 3,000,000              
Exercise price per share (in Dollars per share)           $ 2.5              
Sale of stock, shares           1,818,182              
Accrued dividends attributable amount (in Dollars)                       $ 128,319  
Convertible preferred shares 2,632,278                        
Convertible dividends 6,395,645                        
Preferred shares outstanding 1,818,182                        
Dividend yield           0.00%              
Weighted average risk-free interest rate           0.16%              
Expected life           3 years              
Principal amount (in Dollars)           $ 1,472,914              
Series A Convertible Preferred Shares [Member] | Minimum [Member]                          
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Expected volatility           62.52%              
Estimated fair value (in Dollars per share)           $ 2.6              
Series A Convertible Preferred Shares [Member] | Maximum [Member]                          
Shareholders’ Equity (Deficit) (Details) [Line Items]                          
Expected volatility           63.25%              
Estimated fair value (in Dollars per share)           $ 5.25