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SHORT-TERM LINE OF CREDIT (Details Narrative) - USD ($) | 1 Months Ended |
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023
Line of Credit Facility [Line Items] |  |  |
Line of credit | $ 619,844 |  | $ 1,810,479
Stock Yard And Bank One [Member] | Noncontrolling Interest [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Loan guaranteed rate | 35.00% |  |
Line of credit | $ 1,575,000 |  |
Stock Yard And Bank One [Member] | New Agreement [Member] | NanoChem Solutions Inc [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Loan guaranteed rate | 65.00% |  |
Line of credit | $ 2,925,000 |  |
Short term borrowings |  |  | $ 1,810,479
Stock Yard And Bank One [Member] | Midland States Bank [Member] | New Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate amount of revolving line of credit | $ 4,500,000 |  |
Percentage of domestic accounts receivable of inventory | 50.00% |  |
Debt face amount | $ 2,000,000 |  |
Interest rate | 8.50% |  | 8.50%
Stock Bank [Member] | New Agreement [Member] | NanoChem Solutions Inc [Member] | Revolving Credit Facility [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Short term borrowings | $ 619,844 |  |
Stock Bank [Member] | Midland States Bank [Member] | New Agreement [Member] |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate amount of revolving line of credit |  | $ 4,000,000 |
Debt face amount |  | $ 2,000,000 |
Interest rate | 8.50% |  | 8.50%
Eligible percentage of domestic accounts receivable |  | 50.00% |

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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 + Details
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