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v3.24.3

ASSET ACQUISITION (Details Narrative) - USD ($) |  | 9 Months Ended
--- | --- | ---
Jul. 03, 2024 | Sep. 30, 2023
Identifiable intangible assets including goodwill | $ 4,754,000 |
Non-controlling interest at fair value | $ 74,000 |
Royalty rate | 0.50% |
Discount on royalty rate | 33.00% |
Royalty term | 9 years |
Discount rate for weighted average cost | 33.00% |
Increase decrease in operating capital |  | $ 265,000
Legal fees |  | $ 215,000
Stock issued during period shares acquisitions |  | 50,000
Minimum [Member] |  |
Growth rate of development of new business | 8.00% |
Maximum [Member] |  |
Growth rate of development of new business | 20.00% |
Semi Cab LLC [Member] |  |
Seller Consideration share | 320,903 |
Semi Cab Inc [Member] |  |
Asset acquisition purchase price consideration | $ 983,000 |
Semi Cab LLC [Member] |  |
Ownership percentage | 20.00% |
Semi Cab Inc [Member] |  |
Ownership percentage | 20.00% |
Algorhythm Holdings Inc [Member] |  |
Ownership percentage | 80.00% |
Asset Purchase Agreement [Member] |  |
Shares purchase | 641,806 |
Purchase of assets value | $ 494,000 |
Employment Agreements [Member] | 2024 [Member] | Ajesh Kapoor [Member] |  |
Salaries and wages | 140,000 |
Employment Agreements [Member] | 2024 [Member] | Vivek Sehgal Kapoor [Member] |  |
Salaries and wages | 105,000 |
Employment Agreements [Member] | 2025 [Member] | Ajesh Kapoor [Member] |  |
Salaries and wages | 240,000 |
Employment Agreements [Member] | 2025 [Member] | Vivek Sehgal Kapoor [Member] |  |
Salaries and wages | 210,000 |
Employment Agreements [Member] | Subsequent Years [Member] | Ajesh Kapoor [Member] |  |
Salaries and wages | 300,000 |
Employment Agreements [Member] | 2026 [Member] | Vivek Sehgal Kapoor [Member] |  |
Salaries and wages | 240,000 |
Employment Agreements [Member] | 2027 [Member] | Vivek Sehgal Kapoor [Member] |  |
Salaries and wages | 270,000 |
Employment Agreements [Member] | 2028 [Member] | Vivek Sehgal Kapoor [Member] |  |
Salaries and wages | $ 300,000 |

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