XML 75 R43.htm IDEA: XBRL DOCUMENT v3.23.2
Subsequent Events (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 11 Months Ended 12 Months Ended
Jul. 26, 2023
Jun. 05, 2023
May 24, 2023
May 19, 2023
Apr. 28, 2023
Mar. 29, 2023
Mar. 10, 2023
Feb. 28, 2023
Feb. 20, 2023
Jan. 27, 2023
Dec. 31, 2022
Jul. 26, 2023
Dec. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Dec. 12, 2022
Dec. 31, 2022
Dec. 31, 2021
Subsequent Event [Line Items]                                    
Warrants exercise price                     $ 11.50   $ 11.50       $ 11.50  
Number of common stock issued                           $ 395,200        
Exercisable common stock, shares                     1,639,566   1,639,566 1,783,531     1,639,566  
Weighted average remaining life, granted options             ten-year     ten-year                
Number of options outstanding             13,000     100,000 1,993,235   1,993,235 2,106,235     1,993,235  
Options outstanding, exercise price             $ 2.26     $ 2.11                
Weighted average remaining life, vested options             3 years                      
Milestone payment description               On February 28, 2023, the Company and L&F executed an Amendment and Restatement Agreement that waives L&F’s right to terminate the L&F License or any other remedies, for non-payment of the First Milestone Payment, until (a) March 31, 2023 as to $1,000,000 of such milestone payments (“Waiver A”) and (b) January 31, 2024 as to $500,000 milestone payments (“Waiver B”).                    
Cash payment                 $ 398,000                  
Stock option to purchase                                
Financial Designation, Predecessor and Successor [Fixed List]                     Successor   Successor Successor Predecessor Predecessor Successor Predecessor
Interest rate                 2.00%                  
Cash FDIC insured amount                     $ 250,000   $ 250,000       $ 250,000  
Estimated useful life                     5 years   5 years       5 years  
Equipment                     $ 52,000   $ 52,000       $ 52,000 $ 52,000
Accumulated depreciation                                 34,667 $ 24,267
Depreciation                         532 $ 2,600   $ 9,869    
Company valuation                                 85,000,000  
Operating lease right of use asset                     98,371   98,371 $ 76,324     98,371  
Accounting Standards Update 2016-02 [Member]                                    
Subsequent Event [Line Items]                                    
Operating lease right of use asset                     182,732   182,732       182,732  
Operating lease liability                     199,642   199,642       199,642  
Deferred rent                     $ 16,910   $ 16,910       $ 16,910  
Waiver A [Member]                                    
Subsequent Event [Line Items]                                    
Debt forgiveness           $ 351,579   $ 351,579                    
Cash payment           648,421   $ 648,421                    
Maturity date               Mar. 31, 2023                    
Waiver B [Member]                                    
Subsequent Event [Line Items]                                    
Cash payment               $ 500,000                    
Maturity date               Jan. 31, 2024                    
Series B Preferred Stock [Member]                                    
Subsequent Event [Line Items]                                    
Warrants to purchase common shares                     863,500   863,500       863,500  
Common Stock [Member]                                    
Subsequent Event [Line Items]                                    
Common stock offering                           130,000        
Number of common stock issued                           $ 13        
Subsequent Event [Member]                                    
Subsequent Event [Line Items]                                    
Payment to redemption of original PIPE shares amount         $ 10,100,000                          
Percentage of premium redemption of original PIPE         20.00%                          
Premium amount of PIPE Shares         $ 1,700,000                          
Payment of Effectiveness Failure amount         400,000                          
Remaining PIPE Shares amount         $ 200,000                          
Common stock floor conversion price per share         $ 2.00                          
Weighted average remaining life, granted options     ten-year                              
Number of options outstanding     1,453,107                              
Options outstanding, exercise price     $ 0.44                              
Shares vested     150,000                              
Weighted average remaining life, vested options     3 years                              
Milestone payment description               On February 28, 2023, the Company and L&F executed an Amendment and Restatement Agreement that waives L&F’s right to terminate the license agreement or any other remedies, for non-payment of the $1,500,000 of milestone payments, until (a) March 31, 2023 as to $1,000,000 of such milestone payments (“Waiver A”) and (b) January 31, 2024 as to $500,000 milestone payments (‘Waiver B”).                    
Cash payment                 $ 260,000                  
Minimum waiver amount               $ 30,000,000                    
Stock option to purchase             13,000     100,000                
Stock option exercise price per share             $ 2.26     $ 2.11                
Interest rate                 2.00%                  
Subsequent Event [Member] | July 2023 Offering [Member]                                    
Subsequent Event [Line Items]                                    
Warrants to purchase common shares 9,471,213                     9,471,213            
Warrants exercise price $ 0.0001                     $ 0.0001            
Number of common stock issued $ 3,265,060                                  
Warrants to purchase common stock 12,727,273                     12,727,273            
Proceeds from public offering $ 2,100,000                                  
Warrants exercisable description                       Each share of common stock or pre-funded warrant was sold together with a five-year warrant to purchase one share of common stock at an exercise price of $0.165 per share, which was exercisable upon issuance            
Total issuance costs 450,000                                  
Placement fees $ 125,000                                  
Subsequent Event [Member] | Registered Offering Warrants [Member]                                    
Subsequent Event [Line Items]                                    
Warrants exercise price $ 1.00                     $ 1.00            
Warrants to purchase common stock 1,377,996                     1,377,996            
Warrants expiration date Apr. 28, 2028                     Apr. 28, 2028            
Subsequent Event [Member] | Waiver A [Member]                                    
Subsequent Event [Line Items]                                    
Debt forgiveness               351,579                    
Cash payment           $ 648,421   $ 648,421                    
Maturity date               Mar. 31, 2023                    
Subsequent Event [Member] | Waiver B [Member]                                    
Subsequent Event [Line Items]                                    
Cash payment               $ 500,000                    
Maturity date               Jan. 31, 2024                    
Subsequent Event [Member] | Executive Officer [Member]                                    
Subsequent Event [Line Items]                                    
Stock option to purchase             5,000                      
Subsequent Event [Member] | Series B Preferred Stock [Member]                                    
Subsequent Event [Line Items]                                    
Common stock offering         5,062                          
Warrants exercise price         $ 7.00                          
Subsequent Event [Member] | Common Stock [Member]                                    
Subsequent Event [Line Items]                                    
Common stock offering         11,015,500                          
Warrants to purchase common shares         11,015,500                          
Gross proceeds         $ 11,000,000.0                          
Warrants exercise price         $ 1.00                          
Number of common stock issued         $ 500,000                          
Placement fees         $ 400,000                          
Subsequent Event [Member] | Common Stock [Member] | Consultant [Member]                                    
Subsequent Event [Line Items]                                    
Stock Issued During Period, Shares, Issued for Services       380,000                            
Subsequent Event [Member] | Common Stock [Member] | PIPE Financing [Member]                                    
Subsequent Event [Line Items]                                    
Warrants to purchase common shares         863,500                          
Warrants exercise price         $ 2.00                          
Exercisable common stock, shares         4,965,125                          
Subsequent Event [Member] | Common Stock [Member] | Private Placement [Member] | Sponsor [Member]                                    
Subsequent Event [Line Items]                                    
Common stock offering   3,044,152