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CONVERTIBLE DEBT (Details Narrative) - USD ($) | 2 Months Ended | 3 Months Ended |
--- | --- | --- | ---
Nov. 30, 2023 | Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023
CONVERTIBLE DEBT |  |  |  |
Proceeds from convertible promissory notes | $ 2,600,000 |  |  |
Convertible promissory notes issued | 2,080,000 |  |  |
Convertible note description | The Notes are convertible into shares of our Common Stock, at the option of the holder, at a conversion price of $1.25 per share, which shall not exceed $1.55 per share. In addition, we can require Investors to convert the Notes at the then current conversion price at any time after 90 days from the issue date if the Common Stock has a closing bid price of $1.55 per share or higher on any twenty (20) days within a thirty (30) day period of consecutive trading days, or if a “fundamental change” occurs (as defined in the Securities Purchase Agreement) |  |  |
Principal amount |  |  |  | $ 5,000,000
Convertible Notes Sold Amount |  |  |  | $ 2,600,000
Interest rate | 12.00% |  |  |
Interest expense |  | $ 78,000 | $ 0 |
Exercise price | $ 1.25 |  |  |
Deferred financing costs amortization |  | $ 15,620 | $ 0 |

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