CONVERTIBLE DEBENTURE PAYABLE (Details Narrative) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| OID percentage | 18.00% | |
| Proceeds from financing transition | $ 2,500,000 | |
| Debt face amount | $ 3,048,781 | |
| Debenture conversion description | The Debenture is convertible voluntarily by the Purchaser at any time into shares of our common stock, at the lesser of $7.50, representing 100% of the closing price of our common stock on the trading day immediately prior to the Closing Date, or 75% of the average VWAP of our common stock during the 5 trading day period immediately prior to the conversion date (the “Conversion Price”), or automatically upon the occurrence of a single public offering of our common stock which results in the listing of our common stock on a national securities exchange as defined in the Exchange Act (the “Qualified Offering”) into shares of our common stock at the lesser of the Conversion Price, or 75% of the offering price of the securities offered in the Qualified Offering | |
| Warrant to purchase shares | 406,504 | |
| Exercise price | $ 6.00 | |
| Adjusted exercise price | $ 3.00 | |
| Partial liquidated damages description | Company shall pay to the Purchaser as partial liquidated damages equal to the product of 2% of the principal amount not to exceed 24% of the aggregate principal. If the Company fails to pay of the liquidated damages within seven days after the date payable, the Company will pay interest at 18% until such amounts are paid in full. The filing date requirements were cured in February 2022. Total RRA damages and related costs of approximately $192,399 were recognized during the three-month period ended March 31, 2022 | |
| Unamortized discount | $ 423,782 | |
| Default penalties included in general and administrative expense | 914,634 | |
| Warrant to purchase additional shares of common stock | 101,626 | |
| Warrant to purchase additional shares of common stock, expiry date | Mar. 29, 2029 | |
| Debt discount amortization expense | 465,635 | |
| Interest expense | $ 402,465 | 402,465 |
| Original Issue Discount | 548,781 | |
| Loss on extinguishment of debt | $ 0 | (864,000) |
| Debenture Carrying amount | 3,048,781 | |
| Description of warrant extended termination and warrant issued ecchange for the waiver | the Company evaluated the reacquisition price of the Debenture to be $3,912,781 | |
| Debt issuance costs | $ 275,000 | |
| Convertible Debenture Payable Member | ||
| Loss on extinguishment of debt | $ 864,000 | |