XML 77 R68.htm IDEA: XBRL DOCUMENT v3.23.3
CONVERTIBLE NOTES PAYABLE (Details Narrative)
3 Months Ended 9 Months Ended
Apr. 05, 2023
USD ($)
$ / shares
Mar. 23, 2023
USD ($)
$ / shares
Mar. 15, 2023
USD ($)
$ / shares
shares
Jan. 06, 2023
Day
$ / shares
shares
Jul. 28, 2022
USD ($)
$ / shares
shares
Jul. 28, 2022
USD ($)
$ / shares
shares
Jan. 26, 2022
USD ($)
$ / shares
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Mar. 31, 2023
$ / shares
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
$ / shares
shares
Sep. 30, 2022
USD ($)
Apr. 01, 2023
shares
Mar. 16, 2023
shares
Mar. 02, 2023
$ / shares
shares
Mar. 01, 2023
$ / shares
shares
Dec. 31, 2022
USD ($)
shares
Oct. 01, 2022
USD ($)
Sep. 14, 2022
$ / shares
shares
Interest Expense, Debt               $ 2,449,627   $ 0 $ 5,942,084 $ 0              
Amortization of Debt Discount (Premium)               1,698,999   $ 0 3,492,457 $ 0              
Debt instrument face amount                                   $ 27,500,000  
Debt discount               $ 2,194,744     $ 2,194,744           $ 2,194,744    
Debt instrument, interest rate, stated percentage               15.00%     15.00%           15.00%    
Fair value adjustment of warrants $ 3,387,604 $ 4,532,673                                  
Amortization of debt issuance costs and discounts $ 3,387,604 4,335,611                                  
Loss on issuance of warrant   197,061                                  
Warrant modification expense   $ 664,389                                  
Warrant share price | $ / shares   $ 0.12                                  
Strike price of warrants | $ / shares $ 2.01                                    
Percentage on deposit of warrant exercise cash         50.00%                            
Authorized common shares | shares               500,000,000     500,000,000           500,000,000    
Minimum [Member]                                      
Authorized common shares | shares                           250,000,000          
Maximum [Member]                                      
Authorized common shares | shares                           500,000,000          
Senior Secured Convertible Note [Member]                                      
Proceeds from restricted funds account         $ 29,000,000                            
Payment for repurchase of notes         $ 22,000,000                            
Measurement Input, Expected Dividend Rate [Member] | Hudson Bay Warrant [Member]                                      
Warrants measurement input 0.00 0.00   0.00                              
Measurement Input, Expected Dividend Rate [Member] | Palladium Capital Warrant [Member]                                      
Warrants measurement input 0.00 0.00   0.00                              
Measurement Input, Expected Dividend Rate [Member] | BHP Warrant; September 2022 [Member]                                      
Warrants measurement input       0.00                              
Measurement Input, Option Volatility [Member] | Hudson Bay Warrant [Member]                                      
Warrants measurement input 143.81 143.23   142.28                              
Measurement Input, Option Volatility [Member] | Palladium Capital Warrant [Member]                                      
Warrants measurement input 143.81 143.23   142.28                              
Measurement Input, Option Volatility [Member] | BHP Warrant; September 2022 [Member]                                      
Warrants measurement input       142.28                              
Measurement Input, Risk Free Interest Rate [Member] | Hudson Bay Warrant [Member]                                      
Warrants measurement input 3.67 3.88   4.10                              
Measurement Input, Risk Free Interest Rate [Member] | Palladium Capital Warrant [Member]                                      
Warrants measurement input 3.67 3.88   4.10                              
Measurement Input, Risk Free Interest Rate [Member] | BHP Warrant; September 2022 [Member]                                      
Warrants measurement input       4.10                              
Measurement Input, Expected Term [Member] | Hudson Bay Warrant [Member]                                      
Expected life 2 years 6 months 2 years 6 months   2 years 6 months                              
Measurement Input, Expected Term [Member] | Palladium Capital Warrant [Member]                                      
Expected life 2 years 6 months 2 years 6 months   2 years 6 months                              
Measurement Input, Expected Term [Member] | BHP Warrant; September 2022 [Member]                                      
Expected life       2 years 6 months                              
Warrant [Member]                                      
Number of warrants shares | shares               2,544,592     2,544,592                
Accredited Investor [Member] | Forever 8 Fund LLC [Member]                                      
Conversion price per share | $ / shares                                     $ 50.00
Note Securities Purchase Agreement [Member]                                      
Fair value adjustment of warrants             $ 3,905,548                        
Debt instrument, unamortized discount (premium) and debt issuance costs, net             3,333,333                        
Long term debt             7,798,881                        
Placement agent fees             560,000                        
Note Securities Purchase Agreement [Member] | Palladium Capital Group, LLC [Member]                                      
Purchase of warrants | shares                                     15,467
Note Securities Purchase Agreement [Member] | BHP Capital NY, Inc. [Member]                                      
Purchase of warrants | shares                                     30,000
Warrants exercise price per share | $ / shares                                     $ 50.00
Note Securities Purchase Agreement [Member] | Accredited Investor [Member]                                      
Debt instrument face amount     $ 5,555,000       $ 33,333,333                        
Conversion price per share | $ / shares     $ 6.245       $ 10.00                        
Purchase of warrants | shares     889,512       66,667                       66,667
Warrants exercise price per share | $ / shares     $ 6.245       $ 10.00                        
Debt instrument, interest rate, stated percentage             18.00%                        
Fair value adjustment of warrants             $ 3,905,548                        
Debt instrument purchase amount             30,000,000                        
Debt instrument, unamortized discount (premium) and debt issuance costs, net             $ 3,333,333                        
Note Securities Purchase Agreement [Member] | Accredited Investor [Member] | Common Stock [Member]                                      
Purchase of warrants | shares             1,067                        
Warrants exercise price per share | $ / shares             $ 10.00                        
Business combimation purchae price     $ 5,000,000                                
Debt discount     $ 555,000                                
Senior Secured Convertible Note [Member]                                      
Conversion price per share | $ / shares                 $ 6.245                    
Debt instrument, interest rate, stated percentage                 18.00%                    
Debt description                 The March 2023 Note contains certain limitations on conversion. It provides that no conversion may be made if, after giving effect to the conversion, Hudson Bay would own in excess of 9.99% of the Company’s outstanding shares of Common Stock. This percentage may be increased or decreased to a percentage not to exceed 9.99%, at the option of Hudson Bay, except any increase will not be effective until 61-days’ prior notice to the Company                    
Debt Instrument, Redemption Price, Percentage                 130.00%                    
Amendment Agreement [Member] | Palladium Capital Group, LLC [Member]                                      
Purchase of warrants | shares         15,467 15,467                          
Amendment Agreement [Member] | BHP Capital NY, Inc. [Member]                                      
Purchase of warrants | shares         30,000 30,000                          
Warrants exercise price per share | $ / shares         $ 1.06 $ 1.06                          
Amendment Agreement [Member] | Senior Secured Convertible Note [Member]                                      
Conversion price per share | $ / shares         $ 1.06 $ 1.06                          
Debt description         200                            
Shares restricted for future issuance | shares         301,007 301,007                          
Amendment Agreement [Member] | Accredited Investor [Member]                                      
Purchase of warrants | shares         66,667 66,667                          
Technology License Agreements [Member]                                      
Cash payment           $ 10,000,000                          
Issuance of common stock for restricted shares | shares           5,000                          
Technology License Agreements [Member] | Minimum [Member]                                      
Indebtedness amount           $ 500,000                          
Technology License Agreements [Member] | Maximum [Member]                                      
Indebtedness amount           $ 10,000,000                          
Second Amendment Agreement [Member]                                      
Warrant modification expense                     $ 43,344,150                
Shares issued price per share | $ / shares               $ 0.32     $ 0.32                
Second Amendment Agreement [Member] | Minimum [Member]                                      
Authorized common shares | shares                         250,000,000            
Second Amendment Agreement [Member] | Maximum [Member]                                      
Authorized common shares | shares                         500,000,000            
Second Amendment Agreement [Member] | Hudson Bay [Member] | January 2022 Note [Member]                                      
Conversion price per share | $ / shares       $ 10.00                              
Threshold trading days | Day       10                              
Consecutive trading day | Day       10                              
Percentage of cash release to company from control account       20.00%                              
Second Amendment Agreement [Member] | Warrant [Member] | Hudson Bay [Member]                                      
Warrants exercise price per share | $ / shares                               $ 11.00      
Number of warrants shares | shares                               720,000      
Second Amendment Agreement [Member] | Warrant [Member] | Hudson Bay [Member] | January 2022 Note [Member]                                      
Purchase of warrants | shares                               720,000      
Warrants exercise price per share | $ / shares                             $ 11.00        
Second Amendment Agreement [Member] | Warrant [Member] | Hudson Bay [Member] | January 2022 Warrant [Member]                                      
Purchase of warrants | shares       2,220,000                              
Warrants exercise price per share | $ / shares       $ 10.00                       $ 0.01      
Number of warrants shares | shares       3,333,333                     1,500,000        
Second Amendment Agreement [Member] | Warrant [Member] | Hudson Bay [Member] | Maximum [Member] | January 2022 Note [Member]                                      
Warrants exercise price per share | $ / shares               $ 11.00 $ 10.00   $ 11.00                
Number of warrants shares | shares               200,000     200,000