XML 85 R40.htm IDEA: XBRL DOCUMENT v3.23.3
Convertible Notes Payable (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended 10 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2022
Jul. 08, 2022
Dec. 31, 2022
Mar. 31, 2021
Feb. 28, 2021
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jul. 31, 2020
Dec. 12, 2022
Dec. 31, 2022
Dec. 31, 2021
Sep. 18, 2023
Feb. 20, 2023
Dec. 06, 2022
Sep. 16, 2022
Dec. 31, 2020
Short-Term Debt [Line Items]                                    
Principal amount                     $ 3,961,000              
Debt instrument interest rate                             2.00%      
Convertion price                     $ 1.58835              
Issued to related party [1]       $ 6,819   $ 6,819                  
Placement agent fees                           $ 57,980        
Financial Designation, Predecessor and Successor [Fixed List] Successor   Successor     Successor Predecessor Successor Predecessor   Predecessor Successor Predecessor          
Amortization of debt discount                                
Accrued interest                     $ 709,608              
Convertion of debt into shares                     2,940,537              
Derivative Liability, Current                 $ 560,600         $ 788,700
Debt Conversion, Converted Instrument, Shares Issued     16,681                              
Debt Instrument, Description                     80% of the $1.98542 fair value per share of the Predecessor common stock which was determined using the Business Combination exchange ratio of 5.037              
Predecessor [Member]                                    
Short-Term Debt [Line Items]                                    
Placement agent fees   $ 21,200                           $ 2,000 $ 16,000  
Financial Designation, Predecessor and Successor [Fixed List]             Predecessor   Predecessor   Predecessor   Predecessor          
Amortization of debt discount                 $ 39,492   $ 39,492   $ 317,833          
Derivative Liability, Current                     $ 1,167,601   560,600          
Debt Conversion, Converted Instrument, Shares Issued                     2,940,537              
Predecessor [Member] | Interest Expense [Member]                                    
Short-Term Debt [Line Items]                                    
Amortization of debt discount                     $ 709,608   $ 317,833          
Common Stock Payable [Member]                                    
Short-Term Debt [Line Items]                                    
[custom:FairValuePerShare-0]                     $ 1.98542              
2021 Notes [Member]                                    
Short-Term Debt [Line Items]                                    
Principal amount   5,230,000                                
Qualified equity financing exceeded proceeds   500,000                                
Accrued interest   $ 428,888                                
2021 Notes [Member] | Series A Preferred Stock [Member]                                    
Short-Term Debt [Line Items]                                    
Convertion price   $ 3.14                                
Convertion of debt into shares   1,802,193                                
Investors and Brokers [Member] | Unsecured Convertible Promissory Notes [Member]                                    
Short-Term Debt [Line Items]                                    
Principal amount       $ 5,230,000 $ 5,230,000         $ 3,961,000                
Debt instrument interest rate                   6.00%     6.00%          
Initial public offering                   $ 20,000,000                
Convertion price       $ 3.25 $ 3.25         $ 3.25                
Debt instrument fair value                   $ 373,000                
Fair value of put option                   64,342                
Debt instrument equity financing minimum       $ 500,000 $ 500,000                          
Embedded feature debt, description       The Company analyzed the embedded features of the 2021 Notes and determined that the 2021 Notes contained (i) an automatic conversion upon a Qualified Debt Financing which did not require bifurcation, (ii) an automatic conversion upon a Qualified Equity Financing at a fixed price of $3.25 per share which did not require bifurcation, (iii) an automatic conversion upon a Change of Control at a fixed price of $3.25 per share which did not require bifurcation, and (iv) a redemption feature upon default which did not require bifurcation. The Company analyzed the embedded features of the 2021 Notes and determined that the 2021 Notes contained (i) an automatic conversion upon a Qualified Debt Financing which did not require bifurcation, (ii) an automatic conversion upon a Qualified Equity Financing at a fixed price of $3.25 per share which did not require bifurcation, (iii) an automatic conversion upon a Change of Control at a fixed price of $3.25 per share which did not require bifurcation, and (iv) a redemption feature upon default which did not require bifurcation.                          
Cash fee rate for placement agent fees 8.00%   8.00%                 8.00%            
Investors and Brokers [Member] | Unsecured Convertible Promissory Notes [Member] | Predecessor [Member]                                    
Short-Term Debt [Line Items]                                    
Placement agent fees $ 228,236   $ 228,236                 $ 228,236            
Investors and Brokers [Member] | Unsecured Convertible Promissory Notes [Member] | IPO [Member]                                    
Short-Term Debt [Line Items]                                    
Initial public offering                   $ 20,000,000                
Price per share rate                   80.00%                
Investors and Brokers [Member] | Unsecured Convertible Promissory Notes [Member] | Related Party [Member]                                    
Short-Term Debt [Line Items]                                    
Due to related parties                   $ 25,000                
Investors and Brokers [Member] | Unsecured Convertible Promissory Notes [Member] | Related Party [Member] | 2021 Notes [Member]                                    
Short-Term Debt [Line Items]                                    
Issued to related party       $ 3,150,000 $ 3,150,000                          
[1] See Note 9 – “Stockholders’ Permanent and Temporary Equity” for details of the registration delay liability.