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FAIR VALUE INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
SUMMARY OF FINANCIAL ASSETS AND LIABILITIES BY LEVEL WITHIN THE FAIR VALUE HIERARCHY

As of December 31, 2023 and 2022, the Company’s financial assets and liabilities by level within the fair value hierarchy are as follows:

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2023 
   Level 1   Level 2   Level 3   Total 
FINANCIAL ASSETS                    
Cash and Restricted Cash  $1,325,779   $—   $—   $1,325,779 
                     
FINANCIAL LIABILITIES                    
Contingent liabilities   —    —    3,714,000    3,714,000 

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2022 
   Level 1   Level 2   Level 3   Total 
FINANCIAL ASSETS                    
Cash and Restricted Cash  $16,829,385   $—   $—   $16,829,385 
                     
FINANCIAL LIABILITIES                    
Contingent liabilities   —    —    36,488,594    36,488,594