XML 55 R45.htm IDEA: XBRL DOCUMENT v3.23.1
CAPITAL STRUCTURE (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 24, 2023
Feb. 28, 2022
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Preferred stock, shares authorized     100,000,000 100,000,000  
Common stock, share issued     10,620,470 10,605,412  
Common stock, share outstanding     10,605,172 10,589,915  
Extinguishment of debt     $ 306,637    
Debt Conversion [Member]          
Shares, Issued         9,520
Conversion of Debt         $ 1,190,000
Capital contribution     973,420    
Increase in equity related to the conversion     1,190,000    
Extinguishment of debt     $ 216,580    
Fair values of extinguishment of debt     $ 102.25    
Mezzanine Equity [Member]          
Net carrying values of preferred equity     $ 5,452,300    
Series A Preferred Stock [Member]          
Preferred stock, shares authorized     6,000,000 6,000,000  
Description of preferred stock convertible into common stock     Series A Preferred Stock was initially convertible into the Company’s common stock as determined by dividing the number of shares of Series A Preferred Stock to be converted by the lower of (i) $75.00 or (ii) 80% of the average volume weighted average price for the Company’s common stock for the five (5) trading days immediately following the effectiveness of the registration statement concerning the shares (the “Conversion Price”). On June 14, 2022, the Conversion Price was reset to $15.54 per share    
Dividend rate, per year     8.00%    
Deemed dividend     $ 372,414    
Preferred stock, shares issued     0 0  
Preferred stock, shares outstnading     0 0  
Preferred Stock [Member]          
Preferred stock, shares authorized     100,000,000    
Preferred stock, shares issued     0 0  
Preferred stock, shares outstnading     0 0  
Series A Convertible Preferred Stock [Member]          
Preferred stock, shares authorized     6,000,000    
Series A Convertible Preferred Stock [Member] | Private Placement [Member]          
Sales of shares   6,000      
Shares price, per share   $ 1,000      
Warrants   80,000      
Aggregate gross proceeds warrants   $ 6,000,000      
Warrants, Description   The Warrants were initially exercisable to purchase shares of common stock at $82.50 per share, or 110% of the Series A Shares initial conversion price and will expire five and one-half years following the initial exercise date of the Warrants      
Additional number of warrant   80,000      
Dividends   $ 5,788,493      
Warrants Black-Scholes option pricing model , Description   The warrants were valued using the Black-Scholes option pricing model with the following terms: a) exercise price of $82.50, b) common stock fair value of $85.50, c) volatility of 118%, d) discount rate of 1.71%, e) term of 5.50 years and f) dividend rate of 0%.      
Treasury Stock [Member]          
Number of share held     15,497 15,497  
Price of held common share     $ 816,707 $ 816,707  
Common stock authorized to purchase $ 3,000,000        
Convertible stock       6,000  
Conversion of stock in to common stock       386,588  
Conversion of stock value       $ 5,452,300  
Issuance of common stock [Member]          
Common stock, share issued     15,258    
Exercise of Warrants [Member]          
Issue shares of common stock     33,179    
Cashless exercise warrants     109,952