XML 52 R42.htm IDEA: XBRL DOCUMENT v3.22.2.2
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 04, 2021
Oct. 04, 2021
Jun. 08, 2021
Jun. 08, 2021
Jun. 01, 2021
Jan. 22, 2021
Dec. 09, 2020
Jul. 31, 2019
Dec. 31, 2020
Sep. 30, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Aug. 22, 2022
Jun. 16, 2022
Jun. 24, 2021
Jan. 08, 2021
Jan. 02, 2021
Class of Stock [Line Items]                                          
Common stock, shares authorized                   100,000,000       100,000,000   100,000,000          
Common stock, par value                   $ 0.01 $ 0.01     $ 0.01 $ 0.01 $ 0.01 $ 0.01        
Preferred stock, shares authorized                   5,000,000       5,000,000              
Preferred stock, at par value                   $ 0.0001 $ 0.0001     $ 0.0001 $ 0.0001            
Undesignated preferred stock                   3,385,000       3,385,000              
Going concern ability description     Under the 2021 Shelf at the time of effectiveness, the Company had the ability to raise up to $150 million by selling common stock, preferred stock, debt securities, warrants, and units. In conjunction with the 2021 Shelf, the Company also entered into the ATM Sales Agreement whereby the Company may offer and sell, from time to time, shares of common stock having an aggregate offering price of up to $60 million                         Under the 2021 Shelf at the time of effectiveness, the Company had the ability to raise up to $150 million by selling common stock, preferred stock, debt securities, warrants, and units.          
Cash proceeds from private placement offering, net $ 32,000,000 $ 15,000,000.0 $ 60,000,000 $ 60,000,000 $ 15,000,000.0                 $ 13,495,270            
Proceeds from sale of securities $ 55,300,000                                        
Stock issued during period shares warrants exercised                           29,691              
Cash proceeds from exercise of warrants                           $ 90,400 820,750            
Stock issued during period shares warrants exercised                           22,000              
Proceeds from warrant exercises                           $ 38,500 480,609            
Number of shares issued                   400,000                      
Common stock share service                           211,250              
Net income loss attributable to noncontrolling interest                   $ 83,737 $ (62,706)     $ 154,464 (531,182)            
Net income loss attributable to noncontrolling interest                   (83,737) 62,706     (154,464) 531,182            
Payments to noncontrolling interests                     36,000     $ 108,000 108,000            
Note payable           $ 375,823                              
Stock issued during period, value, other                   816,000                      
2020 Plan [Member]                                          
Class of Stock [Line Items]                                          
Number of options granted                           132,000              
Contractual term                           7 years 21 days              
Fair value of options granted                           $ 833,030              
Dividend yield                           0.00%              
Expected term                           4 years              
Volatility, minimum                           135.65%              
Volatility, maximum                           691.48%              
Risk free rate, minimum                           0.90%              
Risk free rate, maximum                           3.60%              
Share based compensation                   1,402,130 1,638,354     $ 4,886,737 3,834,429            
Unamortized expense                   $ 7,916,419       $ 7,916,419              
LegalSimpli Software, LLC [Member]                                          
Class of Stock [Line Items]                                          
Stock issued during period, value, other           $ 100,000                              
Conversion Labs PR LLC [Member]                                          
Class of Stock [Line Items]                                          
Debt conversion share issued           37,531                              
Stock issued during period, value, other           $ 100,000                              
Conversion Labs PR LLC [Member] | LegalSimpli Software, LLC [Member]                                          
Class of Stock [Line Items]                                          
Stock issued during period, value, other           $ 300,000                              
Share based payment award, description           The CVLB PR MIPA provides that the transaction may be completed in three (3) tranches, with a purchase price of $100,000 per tranche to be made at the sole discretion of Conversion Labs PR. Payment for the first tranche of $100,000 was made upon execution of the CVLB PR MIPA in January 2021. Payments for the second and third tranches were made on the 60-day anniversary and the 120-day anniversary of the WSS Effective Date                              
Fitzpatrick Options and Pathak Options [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options           13.25%                              
Purchase price per membership interest                   $ 1.00       $ 1.00              
Fitzpatrick Options and Pathak Options [Member] | Maximum [Member]                                          
Class of Stock [Line Items]                                          
Tranchee shares membership interest                   2,100       2,100              
Fitzpatrick Options and Pathak Options [Member] | Minimum [Member]                                          
Class of Stock [Line Items]                                          
Tranchee shares membership interest                   10,300       10,300              
Sean Fitzpatrick [Member]                                          
Class of Stock [Line Items]                                          
Tranchee shares membership interest           10,300                              
Purchase price per membership interest           $ 1.00                              
Sean Fitzpatrick [Member] | Share-Based Payment Arrangement, Tranche One [Member]                                          
Class of Stock [Line Items]                                          
Gross sales           $ 2,500,000                              
Sean Fitzpatrick [Member] | Share-Based Payment Arrangement, Tranche Two [Member]                                          
Class of Stock [Line Items]                                          
Gross sales           4,000,000                              
Sean Fitzpatrick [Member] | Share-Based Payment Arrangement, Tranche Three [Member]                                          
Class of Stock [Line Items]                                          
Gross sales           $ 8,000,000                              
Pathak Options [Member]                                          
Class of Stock [Line Items]                                          
Purchase price per membership interest           $ 1.00                              
Pathak Options [Member] | Share-Based Payment Arrangement, Tranche One [Member]                                          
Class of Stock [Line Items]                                          
Gross sales           $ 2,500,000                              
Pathak Options [Member] | Share-Based Payment Arrangement, Tranche Two [Member]                                          
Class of Stock [Line Items]                                          
Gross sales           4,000,000                              
Pathak Options [Member] | Share-Based Payment Arrangement, Tranche Three [Member]                                          
Class of Stock [Line Items]                                          
Gross sales           $ 8,000,000                              
General and Administrative Expense [Member]                                          
Class of Stock [Line Items]                                          
Number of shares issued                       1,200,000                  
Founding Members MIPAs [Member] | Conversion Labs PR LLC [Member] | LegalSimpli Software, LLC [Member]                                          
Class of Stock [Line Items]                                          
Membership interests purchases                 2,183                        
Stock issued during period, value, other                 $ 225,000                        
Employees and Advisory Board Members [Member]                                          
Class of Stock [Line Items]                                          
Number of options granted                           332,000              
Employees and Advisory Board Members [Member] | Maximum [Member]                                          
Class of Stock [Line Items]                                          
Contractual term                           5 years              
Employees and Advisory Board Members [Member] | Minimum [Member]                                          
Class of Stock [Line Items]                                          
Contractual term                           4 years              
CVLB PR [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options reduced               100.00%                          
Conversion Labs PR LLC [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options reduced           51.00%                              
Conversion Labs PR LLC [Member] | Maximum [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options reduced           85.58%                              
CLPR Ownership [Member] | Fitzpatrick Options and Pathak Options [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options reduced           72.98%                              
CLPR Ownership [Member] | Fitzpatrick Options and Pathak Options [Member] | Maximum [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options reduced                   73.64%       73.64%              
CLPR Ownership [Member] | Fitzpatrick Options and Pathak Options [Member] | Minimum [Member]                                          
Class of Stock [Line Items]                                          
Re-purchase of additional stock options reduced                   85.58%       85.58%              
Share-Based Payment Arrangement, Option [Member]                                          
Class of Stock [Line Items]                                          
Stock issued during period shares warrants exercised                           90,400              
Cash proceeds from exercise of warrants                           $ 90,400              
Service-Based Stock Options [Member]                                          
Class of Stock [Line Items]                                          
Stock issued during period shares warrants exercised                           149,400              
Number of shares issued                           29,691              
Number of options granted                           50,000              
Contractual term                           5 years 10 months 17 days              
Fair value of options granted                           $ 205,995              
Dividend yield                           0.00%              
Expected term                           4 years              
Share based compensation                   $ 493,097 635,220     $ 1,590,878 1,571,712            
Unamortized expense                   3,102,607       $ 3,102,607              
Volatility                           420.16%              
Risk free interest percentage                           1.37%              
Share based options exercised on cashless basis                           59,000              
Share based options exercised for cash                           90,400              
Performance Shares [Member]                                          
Class of Stock [Line Items]                                          
Number of options granted                           150,000              
Contractual term                           4 years 10 months 2 days              
Fair value of options granted                           $ 617,980              
Dividend yield                           0.00%              
Expected term                           3 years 6 months              
Share based compensation                   105,797 0     $ 317,391 173,397            
Unamortized expense                   105,797       $ 105,797              
Volatility                           444.00%              
Risk free interest percentage                           1.37%              
Restricted Stock Units (RSUs) [Member]                                          
Class of Stock [Line Items]                                          
Share based compensation                   225,279 0     $ 1,163,978 0            
Unamortized expense                   5,072,421       $ 5,072,421              
Shares, granted                           60,000              
Net of forfeitures                           $ 215,400              
Number of shares vested                           80,000              
Number of shares issued                           50,000              
Warrant for Services [Member]                                          
Class of Stock [Line Items]                                          
Share based compensation                   407,312 604,974     $ 1,617,260 1,814,922            
Unamortized expense                           29,968              
Warrant and Restricted Stock Units (RSUs) [Member]                                          
Class of Stock [Line Items]                                          
Share based compensation                   $ 3,336,213 3,110,816     11,850,000 7,983,891            
Unamortized expense                           21,089,260              
ATM Sales Agreement [Member]                                          
Class of Stock [Line Items]                                          
Proceeds from sale of securities                           59,500,000              
Shelf Agreement [Member]                                          
Class of Stock [Line Items]                                          
Proceeds from sale of securities                           $ 32,000,000              
Membership Interest Purchase Agreement [Member]                                          
Class of Stock [Line Items]                                          
Membership interest percentage               21.83333%                          
Number of shares issued             2,000,000 1,000,000       2,000,000                  
Aggregate expenses                         $ 18,060,000                
Membership Interest Purchase Agreement [Member] | Mr.Galluppi [Member]                                          
Class of Stock [Line Items]                                          
Number of shares issued             1,000,000 500,000                          
Membership Interest Purchase Agreement [Member] | First Milestone [Member]                                          
Class of Stock [Line Items]                                          
Number of shares issued               1,000,000                          
Shares Issued, Price Per Share               $ 2.50                          
Membership Interest Purchase Agreement [Member] | First Milestone [Member] | Mr.Galluppi [Member]                                          
Class of Stock [Line Items]                                          
Number of shares issued               500,000                          
Membership Interest Purchase Agreement [Member] | Second Milestone [Member]                                          
Class of Stock [Line Items]                                          
Number of shares issued               1,000,000                          
Shares Issued, Price Per Share               $ 3.75                          
Membership Interest Purchase Agreement [Member] | Second Milestone [Member] | Mr.Schreiber [Member]                                          
Class of Stock [Line Items]                                          
Number of shares issued               500,000                          
Fitzpatrick Option Agreement [Member]                                          
Class of Stock [Line Items]                                          
Share based payment award, description                           Concurrently with the WSS Restructuring, Conversion Labs PR entered into option agreements with Sean Fitzpatrick (the “Fitzpatrick Option Agreement”) and Varun Pathak (the “Pathak Option Agreement” and together with Fitzpatrick Option Agreement the “Option Agreements”), pursuant to which Conversion Labs PR granted options to purchase membership interest units of WSS. Upon vesting, the Fitzpatrick Options and the Pathak Options provide for the potential re-purchase of up to an additional 13.25% of WSS by Fitzpatrick and Pathak in the aggregate with Conversion Labs PR ownership ratably reduced to approximately 72.98              
Fitzpatrick Option Agreement [Member] | Mr.Sean Fitzpatrick [Member]                                          
Class of Stock [Line Items]                                          
Share based payment award, description                           The Fitzpatrick Option Agreement grants Sean Fitzpatrick the option to purchase 10,300 membership interest units of WSS for an exercise price of $1.00 per membership interest unit. The Fitzpatrick Options vest in accordance with the following (i) 3,434 membership interests upon WSS achieving $2,500,000 of gross sales in any fiscal quarter (ii) 3,434 membership interests upon WSS achieving $4,000,000 of gross sales in any fiscal quarter, and (iii) 3,434 membership interests upon WSS achieving $8,000,000 of gross sales with a ten percent (10%) net profit margin in any fiscal quarter              
Pathak Option Agreement [Member]                                          
Class of Stock [Line Items]                                          
Share based payment award, description                           The Pathak Option Agreement grants Varun Pathak the option to purchase 2,100 membership interest units of WSS for an exercise price of $1.00 per membership interest unit. The Pathak Options vest in accordance with the following (i) 700 membership interests upon WSS achieving $2,500,000 of gross sales in any fiscal quarter (ii) 700 membership interests upon WSS achieving $4,000,000 of gross sales in any fiscal quarter, and (iii) 700 membership interests upon WSS achieving $8,000,000 of gross sales with a ten percent (10%) net profit margin in any fiscal quarter              
2020 Plan [Member]                                          
Class of Stock [Line Items]                                          
Issuance of share based compensation                                   4,800,000 3,300,000 1,500,000  
Increase in share available                                         150,000
Remaining authorization of shares                   1,265,885       1,265,885              
2020 Plan [Member] | Restricted Stock Units (RSUs) [Member]                                          
Class of Stock [Line Items]                                          
Share based compensation                   $ 702,598 $ 232,268     $ 2,273,756 $ 589,431            
Unamortized expense                   $ 4,862,048       $ 4,862,048              
Shares, granted                           1,047,500              
Net of forfeitures                           $ 3,071,940              
Number of shares vested                           172,125              
Number of shares issued                           111,250              
2020 Plan [Member]                                          
Class of Stock [Line Items]                                          
Reserved for common stock future issuance                                   1,500,000 1,500,000    
Shares And Securities [Member]                                          
Class of Stock [Line Items]                                          
Raise up funds     $ 150,000,000 $ 150,000,000                                  
Series B Convertible Preferred Stock [Member]                                          
Class of Stock [Line Items]                                          
Preferred stock, shares authorized                   5,000       5,000              
Series A Convertible Preferred Stock [Member]                                          
Class of Stock [Line Items]                                          
Preferred stock, shares authorized                   1,610,000       1,610,000