XML 56 R36.htm IDEA: XBRL DOCUMENT v3.24.1
Convertible Notes (Details Narrative)
 12 Months Ended
Jan. 11, 2023
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
shares
Jan. 31, 2023
$ / shares
shares
Short-Term Debt [Line Items]        
Convertible debt   $ 2,254,856    
Warrants to purchase common stock | shares       1,018,079
Warrants exerciable shares | $ / shares       $ 2.35
Proceeds from convertible note payable   3,935,000 $ 600,715  
Warrant derivative liability   414,512  
Convertible notes payable   10,000,000    
Allocation of financing costs   345,000  
Legal fees   1,328,435 $ 866,770  
Interest expense debt   2,123,049    
Accrued interest   $ 0    
Stock Issued During Period, Shares, New Issues | shares   1,607,044    
Amortization of Debt Issuance Costs   $ 1,523,768    
Convertible note payable   731,088    
Common Stock [Member]        
Short-Term Debt [Line Items]        
Debt, principal   $ 1,925,700    
Stock Issued During Period, Shares, New Issues | shares   2,380,996 1,409,771  
Measurement Input, Expected Term [Member]        
Short-Term Debt [Line Items]        
Expected years   5 years    
Measurement Input, Price Volatility [Member]        
Short-Term Debt [Line Items]        
Warrants and rights outstanding measurement input   110    
Measurement Input, Risk Free Interest Rate [Member]        
Short-Term Debt [Line Items]        
Warrants and rights outstanding measurement input   3.53    
Boustead Securities LLC [Member]        
Short-Term Debt [Line Items]        
Warrants to purchase common stock | shares   71,266    
Warrants exerciable shares | $ / shares   $ 2.35    
Warrant derivative liability   $ 104,245    
Payment for placement agent   345,000    
Fair value of warrants   99,543    
Allocation of financing costs   232,027    
Equity warrant as reduction in additional paid in capital   8,727    
Interest expense debt   2,484,193    
Debt, principal   1,925,700    
Accrued interest   294,927    
Boustead Securities LLC [Member] | Convertible Note [Member]        
Short-Term Debt [Line Items]        
Fair value of warrants   1,288,543    
Debt discount   300,000    
Legal fees   65,000    
Interest fee   215,000    
Debt principal amount   1,442,000    
Interest expense debt   $ 3,310,543    
Securities Purchase Agreement [Member]        
Short-Term Debt [Line Items]        
Convertible debt $ 4,300,000      
Warrants to purchase common stock | shares 1,018,079      
Warrants exerciable shares | $ / shares $ 2.35      
Proceeds from convertible note payable $ 3,935,000      
Effective interest rate 346.00%      
Debt description the Alto Convertible Note is convertible into shares of common stock at a price per share equal to the lower of (i) $2.35, (ii) 90% of the three lowest daily VWAPs of the 15 trading days prior to the payment date, or (iii) 90% of the VWAP of the trading day prior to payment date. The noteholder may convert at any time at a fixed price of $2.35 per share.      
Warrant derivative liability $ 1,442,000      
Debt interest rate 5.00%