XML 67 R59.htm IDEA: XBRL DOCUMENT v3.24.3
ASSET ACQUISITION (Details Narrative) - USD ($)
9 Months Ended
Jul. 03, 2024
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
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   $ (5,504,000) $ 265,000 $ 538,000
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