XML 53 R43.htm IDEA: XBRL DOCUMENT v3.22.2.2
Schedule of Notes Payable (Details) (Parenthetical) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Jun. 30, 2022
Debt Instrument [Line Items]            
Debt instrument forgiveness     $ 524,143   $ 377,743  
Stock issued to settle debt 78,992          
Shares issued, price per share     $ 4.84      
Warrants issued     12,000      
Warrants term     3 years      
Repayments of convertible note     $ 1,220,515 2,550,000  
Convertible Notes Payable [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage     120.00%      
Principal amount           $ 2,300,000
Interest and debt expense     $ 465,239      
Notes Payable One [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage [1]     19.00%      
Principal amount [1]     $ 1,200,000      
Warrants issued [1]     36,000      
Warrants term     3 years      
Notes Payable Two [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage [2]     24.00%      
Principal amount [2]     $ 5,000,000      
Maximum borrowing amount     $ 5,000,000      
Accounts receivable eligible percentage     80.00%      
Notes Payable Three [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage [3]     19.00%      
Principal amount [3]     $ 500,000      
Warrants issued [3]     15,000      
Warrants term     3 years      
Notes Payable Four [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage [4]     10.00%      
Principal amount [4]     $ 1,101,000      
Warrants issued [4]     2,406,250      
Conversion percentage     75.00%      
Convertible Note Payable One [Member]            
Debt Instrument [Line Items]            
Debt instrument convertible conversion     0.65      
Debt instrument settlement of outstanding         $ 76,947  
Minimum [Member]            
Debt Instrument [Line Items]            
Shares issued, price per share         $ 5  
Minimum [Member] | Convertible Note Payable Two [Member]            
Debt Instrument [Line Items]            
Debt instrument convertible conversion     0.70      
Maximum [Member]            
Debt Instrument [Line Items]            
Shares issued, price per share         $ 14.05  
Maximum [Member] | Convertible Note Payable Two [Member]            
Debt Instrument [Line Items]            
Debt instrument convertible conversion     0.75      
Kevin Brian Cox [Member] | Chief Executive Officer And Board Director [Member]            
Debt Instrument [Line Items]            
Bearing interest rate   10.00%   10.00%    
Accrued interest   $ 692,458        
Stock issued to settle debt         561,758  
Shares issued, price per share         $ 4.30  
Debt amount         $ 2,415,560  
Principal amount         2,265,967  
Accrued interest         149,593  
Adjustment to additional paid-in capital, convertible debt instrument issued at substantial premium         2,415,560  
Kevin Brian Cox [Member] | Minimum [Member] | Chief Executive Officer And Board Director [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage   6.00%   6.00%    
Kevin Brian Cox [Member] | Maximum [Member] | Chief Executive Officer And Board Director [Member]            
Debt Instrument [Line Items]            
Debt instrument, interest rate, stated percentage   15.00%   15.00%    
Principal Amount [Member]            
Debt Instrument [Line Items]            
Debt instrument forgiveness     $ 518,167   371,664  
Accrued Interest [Member]            
Debt Instrument [Line Items]            
Debt instrument forgiveness     $ 5,976   $ 6,079  
[1] These notes were issued with 36,000, three (3) year warrants, which have been reflected as debt issue costs and are amortized over the life of the debt.
[2] The Company executed a $5,000,000, secured, revolving promissory note with a third party. The Company may draw down on the note at 80% of eligible accounts receivable. See below.
[3] These notes were issued with 15,000, three (3) year warrants, which have been reflected as debt issue costs and were amortized over the life of the debt. Additionally, in September 2022, the Company issued an additional 12,000, three (3) year warrants, which have been treated as interest expense in connection with extending the maturity date for notes totaling $400,000 to March 2023. In October 2022, the Company repaid $100,000.
[4] In the event of default, these notes were convertible at 75% of the market price based upon the VWAP in preceding 10 days. There were defaults. Debt discount on notes totaling $1,101,000 in principal included original issue discounts of $101,000 and debt discounts associated with warrants totaling $229,268. Additionally, the Company computed a beneficial conversion feature of $341,986.