XML 68 R54.htm IDEA: XBRL DOCUMENT v3.25.2
STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
 1 Months Ended 4 Months Ended 12 Months Ended
Feb. 12, 2024
Feb. 07, 2024
Mar. 31, 2025
Dec. 31, 2024
Aug. 31, 2023
Mar. 31, 2025
Mar. 31, 2024
Number of common and preferred shares authorized     110,000,000     110,000,000  
Common stock, shares authorized     100,000,000     100,000,000 100,000,000
Preferred stock, shares authorized     10,000,000     10,000,000  
Common stock, par value     $ 0.0001     $ 0.0001 $ 0.0001
Common stock, shares issued     19,291,000     19,291,000 15,653,449
Common stock, shares outstanding     19,291,000     19,291,000 15,653,449
Common stock net proceeds           $ 2,179
Gross proceeds from initial public offering       $ 10,000   $ 6,009
Number of shares converted     2,000,000        
Class of warrant or right outstanding     66,700     66,700  
Warrants per share price     $ 7.50     $ 7.50  
Preferred stock dividend rate percentage           12.00%  
Dividends payable amount per share     0.6961     $ 0.6961  
Liquidation preference description           (a) $5.8005 plus declared but unpaid dividends, or (b) the amount per share that would have been payable had all shares of Series AA Preferred Stock been converted into Common Stock immediately prior to such event.  
Liquidation preference per share     $ 5.8005     $ 5.8005  
Common stock conversion description           Shares of Series AA Preferred Stock are convertible into shares of common stock automatically any time after the date six months after the original issuance date if the closing price of the common stock equals or exceeds 200.0% of the original issuance price, or $11.601, and the average trading column of the common stock exceeds 200,000 shares for at least twenty trading days in a period of thirty consecutive trading days.  
Preferred stock voting rights           any amendment, or other change, to the Company’s articles of incorporation that would have an adverse impact to the Series AA Preferred Stock holders dividend rights, preferences or special rights and (ii) any increase to the authorized number of shares of Series AA Preferred Stock, or authorize or issuance shares of any class or series of Senior Stock or Parity Stock, both of which are defined in the March 2025 Certificate of Designation.  
Value issued for services           $ 1,488  
March 2025 Warrant [Member]              
[us-gaap:FairValueAdjustmentOfWarrants]     $ 31        
March 2025 Warrant [Member] | Measurement Input Price Volatility [Member]              
[us-gaap:WarrantsAndRightsOutstandingMeasurementInput-0]     0.550     0.550  
March 2025 Warrant [Member] | Measurement Input Risk Free Interest Rate [Member]              
[us-gaap:WarrantsAndRightsOutstandingMeasurementInput-0]     0.0398     0.0398  
March 2025 Warrant [Member] | Measurement Input Expected Dividend Rate [Member]              
[us-gaap:WarrantsAndRightsOutstandingMeasurementInput-0]     0.000     0.000  
Minimum [Member]              
Warrants per share price     $ 1.45     $ 1.45  
Preferred stock convertible conversion price     1.1601     1.1601  
Maximum [Member]              
Warrants per share price     7.50     7.50  
Preferred stock convertible conversion price     $ 5.00     $ 5.00  
Beneficial Owner [Member] | Minimum [Member]              
Non-controlling interest rate     4.99% 4.99%   4.99%  
Beneficial Owner [Member] | Maximum [Member]              
Non-controlling interest rate     9.99% 9.99%   9.99%  
Series A Convertible Preferred Stock [Member]              
Number of shares converted 5,323,782            
Series B Convertible Preferred Stock [Member]              
Number of shares converted 1,189,998            
Series AA Convertible Preferred Stock [Member]              
Preferred stock, shares authorized     1,800,000     1,800,000 1,800,000
Number of shares converted           4,624,620  
Preferred stock percentage     12.00%     12.00%  
Preferred stock, par value     $ 0.0001     $ 0.0001 $ 0.0001
Series AA Convertible Preferred Stock [Member] | Twelve Investors [Member]              
Shares issued     924,921     924,921  
Shares issued per share     $ 5.8005     $ 5.8005  
Proceeds from Issuance of preferred stock     $ 5,365        
Payments of stock issuance costs     217        
Net proceeds from issuance costs     $ 5,148        
I P O [Member]              
Issuance of common stock, shares 1,334,000            
Common stock net proceeds $ 6,009            
Number of shares converted 2,497,267            
Underwriting Agreement [Member] | ThinkEquity LLC [Member]              
Common stock, par value   $ 0.0001          
Issuance of common stock, shares   1,334,000          
Price per share   $ 6.00          
Gross proceeds from initial public offering   $ 8,004          
Placement Agency Agreement [Member]              
Cash fee percentage     6.00%     6.00%  
Class of warrant or right outstanding     56,676     56,676  
Percentage of offering fees in warrants     5.00%     5.00%  
Warrants per share price     $ 1.45     $ 1.45  
Warrants and rights outstanding term     5 years     5 years  
Common Stock [Member]              
Common stock, par value         $ 0.0001    
Issuance of common stock, shares         409,050   409,050
Price per share         $ 6.00    
Common stock net proceeds         $ 2,179    
Number of shares issued for services           1,352,102  
Value issued for services            
Number of shares issued for services           910  
Prepaid asset     $ 578     $ 578  
Common Stock [Member] | Vendors [Member]              
Number of shares issued for services           1,352,102  
Value issued for services           $ 1,488