XML 56 R47.htm IDEA: XBRL DOCUMENT v3.23.2
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 05, 2023
Apr. 30, 2023
Mar. 24, 2022
Feb. 18, 2022
Mar. 31, 2020
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Nov. 30, 2021
Assumed Closing Valuation, description The assumed closing valuation refers to the current value of the Company, which is deemed to be $105,000,000 (“Assumed Closing Valuation”). The Assumed Closing Valuation is the sum of the Company’s assumed valuation of $88,000,000 and the Buyer’s assumed valuation of $17,000,000. The Earn-Out Payment shall be as follows: (i) if the Buyer Market Cap on the Earn-Out Determination Date exceeds the Assumed Closing Valuation but is less than or equals to $130,000,000, Seller shall receive such additional number of shares of Buyer Common Stock representing seventy percent (70%) of the increase in value over the Assumed Closing Valuation; (ii) if the Buyer Market Cap on the Earn-out Determination Date exceeds $130,000,000 but is less than or equals to $160,000,000, Seller shall receive such additional number of shares of Buyer Common Stock representing eighty percent (80%) of the increase in value over the Assumed Closing Valuation; and (iii) if the Buyer Market Cap on the Earn-out Determination Date exceeds $160,000,000, Seller shall receive such additional number of shares of Buyer Common Stock representing ninety percent (90%) of the increase in value over the Assumed Closing Valuation.                  
Recognized revenue           $ 0 $ 0 $ 214,247 $ 214,247  
Complainant amount of promissory note                   $ 500,000
Covid-19, Description         The extent to which the COVID-19 pandemic will impact operations, ability to obtain financing or future financial results is uncertain at this time          
ERC Activity Member                    
Other income               754,796    
Finance cost               327,073    
Advance loan on ERC Credit               450,000    
Original issue discount               133,333    
Interest income               $ 583,333    
Description of payment of loan               $80,528 of the advances was repaid during the six months ended June 30, 2023, and the ending balance for the two loans was $369,472. These amounts are included in other liabilities as of June 30, 2023    
BKR Strategy Group                    
Promissory Note       $ 1,400,000            
Gain loss on settlement   $ 178,749           $ 500,000    
Interest rate on complainant amount of promissory note               12.00%    
Counterclaim Against Overbilling     $ 500,000