XML 57 R46.htm IDEA: XBRL DOCUMENT v3.24.2.u1
PRIVATE PLACEMENT AND JH DARBIE FINANCING (Details Narrative) - USD ($)
1 Months Ended 6 Months Ended 7 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2022
Jun. 30, 2024
Jun. 30, 2023
Jan. 31, 2024
Mar. 31, 2021
Mar. 31, 2024
Dec. 31, 2023
Jul. 31, 2023
Number of convertible promissory note converted shares 500,000                
Number of warrants for each warrant purchased     31,890,289            
Short term debt     $ 2,160,050         $ 1,765,050  
Number of warrant issued     10,576,924            
Amortization of debt discount and debt issuance costs     $ 318,000            
Interest Expense [Member]                  
Amortization of debt discount and debt issuance costs     0 $ 8,400          
IPO [Member]                  
Issuance cost     640,000            
Legal costs     $ 39,000            
Warrant [Member]                  
Number of warrants for each warrant purchased             33,000,000    
Accredited Investors [Member] | Warrant [Member]                  
Short term debt         $ 2,350,000        
Investor [Member]                  
Number of warrants for each warrant purchased   333,334              
Warrants exercise price   $ 0.15              
Number of warrant issued   33,000,066              
Warrants to purchase common stock, description   Upon the amendment of the terms of the convertible notes under the private placement memorandum. As incentive to extend the maturity date, approximately 33 million warrants were issued to the Unit Holders who participated in the amendment. The approximately 33 million warrants to purchase shares of our Common Stock expired on March 31, 2024. The Company repaid the 1-unit holder who did not participate in the amendment shortly after March 31, 2022. Further, during the year ended December 31, 2023, the Company repaid two of the unit holders, who held 5 units and opted not to participate in the new JH Darbie financing.              
JH Darbie Placement Agreement [Member]                  
Percentage of units granted     10.00%            
Issued in transaction     10            
Interest rate           16.00%      
JH Darbie Placement Agreement [Member] | Warrant [Member]                  
Number of common stock issued         250,000        
Shares issued price per share         $ 0.12        
JH Darbie Placement Agreement [Member] | Maximum [Member]                  
Issued in transaction         200        
JH Darbie Placement Agreement [Member] | Edgepoint AI, Inc [Member]                  
Number of common stock issued           25,000      
Shares issued price per share           $ 1.00      
Conversion price           1.00      
JH Darbie Placement Agreement [Member] | Edgepoint AI, Inc [Member] | Warrant [Member]                  
Shares issued price per share           $ 0.20      
Number of warrants for each warrant purchased           50,000      
Warrants exercise price           $ 1.00      
JH Darbie Placement Agreement [Member] | Edgepoint AI, Inc [Member] | Maximum [Member]                  
Conversion price           $ 0.18      
JH Darbie Placement Agreement [Member] | Edgepoint AI, Inc [Member] | One Convertible Promissory Note [Member]                  
Number of convertible promissory note converted shares           25,000      
Conversion price           $ 1.00      
JH Darbie Placement Agreement [Member] | Edgepoint AI, Inc [Member] | One Convertible Promissory Note [Member] | Maximum [Member]                  
Number of convertible promissory note converted shares           138,889      
Conversion price           $ 0.18      
JH Darbie Placement Agreement [Member] | Accredited Investors [Member]                  
Proceeds from private placement           $ 5,000,000      
Issued in transaction         94        
JH Darbie Placement Agreement [Member] | Accredited Investors [Member] | Warrant [Member]                  
Short term debt                 $ 2,350,000