XML 87 R77.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONVERTIBLE NOTES PAYABLE (Details Narrative)
3 Months Ended
Feb. 26, 2024
USD ($)
Oct. 23, 2023
USD ($)
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
Mar. 31, 2024
USD ($)
$ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
shares
Sep. 30, 2023
$ / shares
Apr. 01, 2023
shares
Mar. 16, 2023
shares
Mar. 02, 2023
$ / shares
shares
Mar. 01, 2023
$ / shares
shares
Sep. 14, 2022
$ / shares
shares
Short-Term Debt [Line Items]                                    
Amortization of the debt discount                   $ 277,750 $ 1,793,458              
Gain on extinguishment of debt                   490,000                
Debt discount                   $ 0   $ 277,750            
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            
Senior Secured Convertible Note [Member]                                    
Short-Term Debt [Line Items]                                    
Proceeds from restricted funds account             $ 29,000,000                      
Payment for repurchase of notes             $ 22,000,000                      
Minimum [Member]                                    
Short-Term Debt [Line Items]                                    
Authorized common shares | shares                             250,000,000      
Maximum [Member]                                    
Short-Term Debt [Line Items]                                    
Authorized common shares | shares                             500,000,000      
Accredited Investor [Member] | Forever 8 Fund LLC [Member]                                    
Short-Term Debt [Line Items]                                    
Conversion price per share | $ / shares                                   $ 50.00
Note Securities Purchase Agreement [Member]                                    
Short-Term Debt [Line Items]                                    
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]                                    
Short-Term Debt [Line Items]                                    
Purchase of warrants | shares                                   15,467
Note Securities Purchase Agreement [Member] | BHP Capital NY, Inc. [Member]                                    
Short-Term Debt [Line Items]                                    
Purchase of warrants | shares                                   30,000
Warrants exercise price per share | $ / shares                                   $ 50.00
Note Securities Purchase Agreement [Member] | Accredited Investor [Member]                                    
Short-Term Debt [Line Items]                                    
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]                                    
Short-Term Debt [Line Items]                                    
Purchase of warrants | shares                 1,067                  
Warrants exercise price per share | $ / shares                 $ 10.00                  
Business combination purchase price         $ 5,000,000                          
Debt discount         $ 555,000                          
Senior Secured Convertible Note [Member]                                    
Short-Term Debt [Line Items]                                    
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%              
Twenty Twenty Two Securities Purchase Agreement [Member] | Investor [Member]                                    
Short-Term Debt [Line Items]                                    
Debt Instrument, Annual Principal Payment   $ 2,000,000                                
Prepayment Agreement [Member]                                    
Short-Term Debt [Line Items]                                    
Repayments of debt $ 365,000                 $ 4,900,000                
Prepayment Agreement [Member] | Investor [Member]                                    
Short-Term Debt [Line Items]                                    
Aggregate payment amount   8,215,000                                
Debt periodic payment   3,000,000                                
Prepayment Agreement [Member] | Investor [Member] | Minimum [Member]                                    
Short-Term Debt [Line Items]                                    
Debt periodic payment   150,000                                
Prepayment Agreement [Member] | Investor [Member] | Maximum [Member]                                    
Short-Term Debt [Line Items]                                    
Debt periodic payment   2,275,000                                
Prepayment Agreement [Member] | Investor [Member] | January 2022 Note [Member]                                    
Short-Term Debt [Line Items]                                    
Cash payment   2,000,000                                
Prepayment Agreement [Member] | Investor [Member] | March 2022 Note [Member]                                    
Short-Term Debt [Line Items]                                    
Cash payment   340,000                                
Prepayment Agreement [Member] | Investor [Member] | March 2022 Warrants [Member]                                    
Short-Term Debt [Line Items]                                    
Cash payment   $ 660,000                                
Amendment Agreement [Member] | Palladium Capital Group, LLC [Member]                                    
Short-Term Debt [Line Items]                                    
Purchase of warrants | shares             15,467 15,467                    
Amendment Agreement [Member] | BHP Capital NY, Inc. [Member]                                    
Short-Term Debt [Line Items]                                    
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]                                    
Short-Term Debt [Line Items]                                    
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]                                    
Short-Term Debt [Line Items]                                    
Purchase of warrants | shares             66,667 66,667                    
Technology License Agreements [Member]                                    
Short-Term Debt [Line Items]                                    
Cash payment               $ 10,000,000                    
Issuance of common stock for restricted shares | shares               5,000                    
Technology License Agreements [Member] | Minimum [Member]                                    
Short-Term Debt [Line Items]                                    
Indebtedness amount               $ 500,000                    
Technology License Agreements [Member] | Maximum [Member]                                    
Short-Term Debt [Line Items]                                    
Indebtedness amount               $ 10,000,000                    
Second Amendment Agreement [Member]                                    
Short-Term Debt [Line Items]                                    
Warrant modification expense                   $ 43,344,150                
Shares issued price per share | $ / shares                   $ 0.32                
Second Amendment Agreement [Member] | Minimum [Member]                                    
Short-Term Debt [Line Items]                                    
Authorized common shares | shares                           250,000,000        
Second Amendment Agreement [Member] | Maximum [Member]                                    
Short-Term Debt [Line Items]                                    
Authorized common shares | shares                           500,000,000        
Second Amendment Agreement [Member] | January 2022 Note [Member] | Hudson Bay [Member]                                    
Short-Term Debt [Line Items]                                    
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]                                    
Short-Term Debt [Line Items]                                    
Warrants exercise price per share | $ / shares                                 $ 11.00  
Number of warrants shares | shares                                 720,000  
Second Amendment Agreement [Member] | Warrant [Member] | January 2022 Note [Member] | Hudson Bay [Member]                                    
Short-Term Debt [Line Items]                                    
Purchase of warrants | shares                                 720,000  
Warrants exercise price per share | $ / shares                               $ 11.00    
Second Amendment Agreement [Member] | Warrant [Member] | January 2022 Note [Member] | Maximum [Member] | Hudson Bay [Member]                                    
Short-Term Debt [Line Items]                                    
Warrants exercise price per share | $ / shares                     $ 10.00   $ 11.00          
Number of warrants shares | shares                   200,000                
Second Amendment Agreement [Member] | Warrant [Member] | January 2022 Warrant [Member] | Hudson Bay [Member]                                    
Short-Term Debt [Line Items]                                    
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    
Interest Expense [Member]                                    
Short-Term Debt [Line Items]                                    
Convertible notes payable                   $ 277,750                
Convertible notes payable                     $ 1,793,458