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BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION | SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION
|  | TruGolf Nevada |
|  | shares outstanding |
|  | as of immediately |
|  | prior to the Closing |
Ordinary Shares, par value $0.01 per share |  |  | 13,098 |
Exchange Ratio |  |  | 570.10:1 |
Estimated shares of New TruGolf common stock issued to TruGolf Nevada shareholders upon closing |  |  | 7,467,134 |
SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS | SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS
Cash and cash equivalents |  | $ | 103,818 |
Net proceeds from investment fund (PIPE) |  |  | 2,237,213.00 |
Accounts payable and accrued expenses |  |  | (310,724 | )
Loans payable |  |  | (1,565,000 | )
Net assets |  | $ | 465,307 |
PIPE Convertible Notes Payable assumed in Merger |  | $ | 4,650,000 |
Less: Original Issue Discount of 10% |  |  | (465,000 | )
PIPE Convertible Notes Payable, net |  |  | 4,185,000 |
Payment of closing costs and other expenses |  |  | (1,947,787 | )
Net proceeds from PIPE Convertible Notes Payable assumed in Merger |  | $ | 2,237,213 |

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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