XML 58 R42.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
1 Months Ended 12 Months Ended
Jun. 21, 2023
USD ($)
shares
Jun. 30, 2023
shares
Dec. 31, 2023
USD ($)
Integer
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Property, Plant and Equipment [Line Items]            
Cash and cash equivalents in bank deposit     $ 250,000      
Fair value of contingent consideration     $ 12,098,475    
Gain in the change in fair value of contingent consideration     (10,698,475) 564,303    
Aggregate cash payment agreed to pay $ (229,000)          
Allowance for credit losses     41,854 19,394    
General and administrative expenses     50,823 75,126    
Goodwill     8,973,501 8,973,501    
Impairment loss of consolidated statements of operations     3,667,000    
Impairment of goodwill     11,872,332    
Total shipping and handling     128,000 72,000    
Total shipping and handling costs included in distribution costs     1,016,716 525,000    
Advertising and promotional expense     $ 728,000 1,178,000    
Deferred offering costs           $ 214,647
Deferred offering costs         $ 367,696  
Number of reportable segments | Integer     1      
Short term leases     12 months      
Determined allowance for expected credit loss     $ 48,326      
Trade Names [Member]            
Property, Plant and Equipment [Line Items]            
Impairment loss of indefinite-lived intangible assets     0      
Goodwill     3,158,123      
Impairment loss of consolidated statements of operations     $ 2,182,000    
Software Development [Member]            
Property, Plant and Equipment [Line Items]            
Lease life or expected life     3 years 3 years    
Minimum [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of the derivative liability       29 days    
Minimum [Member] | Property, Plant and Equipment [Member]            
Property, Plant and Equipment [Line Items]            
Lease life or expected life     3 years      
Minimum [Member] | Measurement Input, Price Volatility [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of the derivative liability       70.9    
Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of the derivative liability       2.71    
Maximum [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of the derivative liability       7 months 13 days    
Maximum [Member] | Property, Plant and Equipment [Member]            
Property, Plant and Equipment [Line Items]            
Lease life or expected life     10 years      
Maximum [Member] | Measurement Input, Price Volatility [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of the derivative liability       96.7    
Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of the derivative liability       3.74    
Bailey [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of contingent consideration     $ 10,698,475    
Goodwill     $ 3,158,123 $ 3,158,123    
Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP [Member] | Bailey [Member]            
Property, Plant and Equipment [Line Items]            
Fair value of contingent consideration 0          
Gain in the change in fair value of contingent consideration $ 10,698,475          
Percentage of membership interest transferred 100.00%          
D.Jones Tailored Collection Ltd [Member] | HJ Settlement Agreement [Member]            
Property, Plant and Equipment [Line Items]            
Gain in the change in fair value of contingent consideration $ 1,400,000          
Aggregate cash payment agreed to pay $ 229,000          
Issuance of common stock pursuant to disposition | shares 1,952,580 1,952,580