XML 32 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

FAIR VALUE MEASUREMENTS (Tables) | 5 Months Ended
--- | ---
Jun. 30, 2023
Fair Value Disclosures [Abstract] |
Schedule of recurring basis to determine the fair value of the liability |
Schedule of recurring basis to determine the fair value of the liability |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair value measured as of June 30, 2023 |
|  | Fair value on June 30, 2023 |  |  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Warrant liability |  | $ | 582,399 |  |  | $ | – |  |  | $ | – |  |  | $ | 582,399 |
Derivative Liability |  |  | 172,389 |  |  |  | – |  |  |  | – |  |  |  | 172,389 |
Total Fair value |  | $ | 754,788 |  |  | $ | – |  |  | $ | – |  |  | $ | 754,788 |
Schedule of liabilities measures at fair value |
Schedule of liabilities measures at fair value |  |  |  |  |  |  |  |  |  |  |  |
|  | Warrant Liability |  |  | Derivative Liability |  |  | Total |
Balance - January 1, 2023 |  | $ | – |  |  | $ | – |  |  | $ | – |
Additional warrant and derivative liability |  |  | 579,818 |  |  |  | 163,170 |  |  |  | 742,988 |
Change in fair value |  |  | 2,581 |  |  |  | 9,219 |  |  |  | 11,800 |
Balance - June 30, 2023 |  | $ | 582,399 |  |  | $ | 172,389 |  |  | $ | 754,788 |
Schedule of assumptions |
Schedule of assumptions |  |  |  |  |  |  |  |
|  | As of Issuance |  |  | As of June 30, 2023 |
|  | Warrant Liability |  |  | Warrant Liability |
Strike Price |  | $ | 0.63 |  |  | $ | 0.63 |
Contractual term (years) |  |  | 5.0 |  |  |  | 5.0 |
Volatility (annual) |  |  | 80.0% |  |  |  | 80.0% |
Risk-free rate |  |  | 3.52% |  |  |  | 4.15% |
Floor Financing price |  | $ | 0.50 |  |  | $ | 0.50 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration