Quarterly report pursuant to Section 13 or 15(d)

ASSET PURCHASE (Details Narrative)

v3.22.1
ASSET PURCHASE (Details Narrative) - USD ($)
 12 Months Ended
Jun. 05, 2020
Dec. 31, 2020
Asset impairment loss   $ 25,320,555
IDTEC [Member] | Asset Purchase Agreement [Member]    
Exercise price per share $ 1.50  
Market price of shares $ 27,120,000  
Assets purchase upon shares issued 29,222,955  
Assets purchase upon shares issued, fair value 1,407,501  
Asset purchase to intangible assets $ 29,175,203  
Post Closing Covenant Agreement to purchase shares of common stock 106,667  
Post Closing Covenant Agreement to purchase shares of common stock, conversion price per share $ 1.50  
Fair value of warrants issued $ 695,454  
Asset impairment loss   $ 25,320,555
Property and equipment $ 47,725  
Common stock, shares issued upon assets purchase 4,000,000