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Equity and Non-Controlling Interests | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Equity and Non-Controlling Interests | 4. Equity and Non-Controlling Interests Equity Preferred shares – 10,000,000 shares authorized, no shares issued and outstanding. The board of directors may designate preferred shares to be issued, and may rank preferred shares as junior to, on parity with or senior to other preferred shares (in each case, with respect to distributions or other payments in respect of shares). Since the board of directors may set all the terms of any class of preferred shares, these are considered “blank check” preferred shares. Currently the board has not defined dividend and liquidation preference, participation rights, call prices and dates, sinking-fund requirements, or terms that may change the conversion or exercise price. Class A common shares – 95,000,000 shares authorized, 4,295,632 shares issued and outstanding. These shares are common shares and have one vote per share. Currently there is not a defined dividend or liquidation preference. Class B common shares – 5,000,000 shares authorized, 5,000,000 issued and outstanding. These shares are common shares and have five votes per share. Currently there is not a defined dividend or liquidation preference. These shares may be converted one to one for a Class A common shares at any time and from time to time, at the election of the holder. Non-Controlling Interests During the three-months ended March 31, 2024, the ownership interest in Invizyne was 60.94% and the non-controlling interest was 39.06%. During the three-months ended March 31, 2023, the ownership interest in Invizyne was 60.94%, the non-controlling interest was 39.06%. Invizyne is accounted for the three-months ended March 31, 2024 and 2023, respectively, under the consolidation method. The NCI ownership will be equal to the NCI percentage as of the reporting period. Therefore, there will be a redistribution of equity between MDB and the Non-controlling interest owner. As of March 31, 2024 and 2023, the Company’s equity interest in Invizyne was 60.94% and 60.94% respectively, and the remaining equity interest was owned by the non-controlling interests as presented below: Schedule of Equity and Non-Controlling Interests
|  | For the Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Invizyne net loss |  | $ | (1,008,457 | ) |  | $ | (241,150 | )
Weighted average non-controlling percentage |  |  | 39.06 | % |  |  | 39.06 | %
Net loss non-controlling interest |  | $ | (393,903 | ) |  | $ | (94,193 | )
Prior period balance |  |  | 7,250 |  |  |  | 468,665 |
Stock-based compensation |  |  | 142,810 |  |  |  | 54,126 |
Ending period balance |  | $ | (243,843 | ) |  | $ | 428,598 |
If a change in the parent ownership in a subsidiary from an additional investment or from the issuance of stock-based compensation, a change of the non-controlling ownership is recognized based on the amount invested and the carrying amount of the non-controlling interest is adjusted to reflect the change in the non-controlling ownership in the subsidiary’s net assets.

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