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ACQUISITION (Tables)
 3 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
SCHEDULE OF CONSIDERATION TRANSFERRED

A summary of the consideration transferred and fair value of assets acquired and liabilities assumed in the NanoSynex Acquisition is as follows (all shares shown post Reverse Stock Split):

 

Consideration transferred, net of cash acquired    
Cash paid for NanoSynex preferred stock:  $600,000 
      
FMV of 350,000 shares of Qualigen stock issued to Alpha Capital  $1,904,989 
FMV of 331,464 shares of Qualigen stock related to prefunded warrant issued to Alpha Capital (See Note 15)  $1,804,102 
Total consideration paid for NanoSynex preferred stock  $3,709,091 
      
FMV of consideration related to repricing of 7,048 shares of Alpha Capital/Qualigen warrants *  $696 
      
NanoSynex cash acquired   (735,354)
Total consideration transferred, net of cash acquired  $3,574,433 

 

*See Note 15 – Stockholders’ Equity and disclosure under Noncompensatory Equity Classified Warrants for additional details regarding the warrants issued to Alpha Capital in the NanoSynex Acquisition.
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES

   Purchase Price
Allocation		 
Accounts receivable  $75,336 
Property and equipment   120,942 
In process R&D   5,700,000 
Accounts payable   (4,588)
Accrued expenses and other payables   (291,093)
R&D grant liability   (1,362,264)
Short term debt   (941,898)
Deferred tax liability   (629,379)
Noncontrolling interest assumed   (3,882,225)
Identifiable net assets acquired   (1,215,169)
Goodwill   4,789,602 
Total consideration transferred, net of cash acquired  $3,574,433