XML 75 R65.htm IDEA: XBRL DOCUMENT v3.23.1
CONVERTIBLE NOTE PAYABLE (Details Narrative) - USD ($)
12 Months Ended
Jul. 28, 2022
Jul. 28, 2022
Jan. 26, 2022
Dec. 31, 2022
Dec. 31, 2021
Oct. 02, 2022
Sep. 14, 2022
May 18, 2022
Convertible notes payable       $ 5,697,149 $ 0      
Amortization of the debt discount       $ 5,697,149 $ 0      
Principal amount           $ 27,500,000    
Common stock, par value       $ 0.001 $ 0.001      
Warrants to purchase common stock, shares               204,404
Warrant price per share     $ 8.00         $ 0.001
Interest rate       15.00%        
Warrant modification expense       $ 25,318,519        
Shares issued price per share       $ 0.79        
Senior Secured Convertible Note [Member]                
Proceeds from restricted funds account $ 29,000,000              
Payment for repurchase of notes $ 22,000,000              
Accredited Investor [Member] | Forever 8 Fund LLC [Member]                
Debt instrument, conversion price             $ 1.00  
Note Securities Purchase Agreement [Member]                
Original issue discount     $ 3,333,333          
Fair value of warrants     3,905,548          
Debt discount     7,798,881          
Placement agent fees     560,000          
Note Securities Purchase Agreement [Member] | Palladium Capital Group, LLC [Member]                
Warrants to purchase common stock, shares             15,467  
Note Securities Purchase Agreement [Member] | BHP Capital NY, Inc. [Member]                
Warrants to purchase common stock, shares             30,000  
Warrant price per share             $ 1.00  
Note Securities Purchase Agreement [Member] | Accredited Investor [Member]                
Principal amount     $ 33,333,333          
Debt instrument, conversion price     $ 10.00          
Common stock, par value     $ 0.001          
Debt purchase amount     $ 30,000,000          
Original issue discount     $ 3,333,333          
Warrants to purchase common stock, shares     66,667       66,667  
Warrant price per share     $ 10.00          
Warrant maturity date     May 16, 2027          
Fair value of warrants     $ 3,905,548          
Interest rate     18.00%          
Note Securities Purchase Agreement [Member] | Accredited Investor [Member] | Common Stock [Member]                
Warrants to purchase common stock, shares     1,067          
Warrant price per share     $ 10.00          
Amendment Agreement [Member] | Palladium Capital Group, LLC [Member]                
Warrants to purchase common stock, shares 15,467 15,467            
Amendment Agreement [Member] | BHP Capital NY, Inc. [Member]                
Warrants to purchase common stock, shares 30,000 30,000            
Warrant price per share $ 1.06 $ 1.06            
Amendment Agreement [Member] | Senior Secured Convertible Note [Member]                
Debt instrument, conversion price $ 1.06 $ 1.06            
Debt description The July 2022 Amendment Agreement also amended the Registration Rights Agreement. to require the Company to register (i) the number of shares of common stock equal to 200% of the shares issuable upon conversion of the Note and (ii) the number of shares of common stock equal to 200% of the shares issuable upon exercise of the warrant issued under the Note Securities Purchase Agreement, assuming all cash has been released from the Restricted Funds Account and the number of shares of common stock issuable upon exercise of the Warrant issued under the Note Securities Purchase Agreement has been adjusted in accordance with Section 3(c) of the warrant.              
Shares restricted for future issuance 301,007 301,007            
Amendment Agreement [Member] | Accredited Investor [Member]                
Warrants to purchase common stock, shares 66,667 66,667            
Technology License Agreements [Member]                
Cash payment   $ 10,000,000            
Issuance of common stock for restricted shares   5,000            
Technology License Agreements [Member] | Minimum [Member]                
Indebtedness amount   $ 500,000            
Technology License Agreements [Member] | Maximum [Member]                
Indebtedness amount   $ 10,000,000