XML 51 R40.htm IDEA: XBRL DOCUMENT v3.23.1
CONVERTIBLE PROMISSORY NOTES AND WARRANTS (Details Narrative)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 21, 2021
USD ($)
$ / shares
shares
Sep. 29, 2021
$ / shares
May 27, 2021
$ / shares
shares
Jul. 31, 2021
USD ($)
shares
May 31, 2021
USD ($)
$ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
shares
Convertible Notes Payable [Member]                
Debt Instrument [Line Items]                
Debt instrument conversion description           The Convertible Notes principal and accrued interest can be converted at any time at the option of the holder at a conversion price of $1.75 per share (previously $2.25 per the September 2021 Amendment and originally $2.50 per the May Unit Purchase Agreement)    
Percentage of debt instrument of conversion price           0.75    
Debt instrument conversion price           $ 1.75    
Maximum [Member] | Convertible Notes Payable [Member]                
Debt Instrument [Line Items]                
Equity financing gross amount | $           $ 10,000,000    
Minimum [Member] | Convertible Notes Payable [Member]                
Debt Instrument [Line Items]                
Equity financing gross amount | $           $ 10,000,000    
New Class C Warrants [Member]                
Debt Instrument [Line Items]                
Percentage of warrant coverage           200.00%    
Percentage of debt instrument of conversion price           0.75    
Debt instrument conversion price           $ 2.25    
Warrants exercise price per share           $ 2.25    
Warrants exercisable term           5 years    
Unit Purchase Agreement [Member]                
Debt Instrument [Line Items]                
Sale of stock, number of shares issued in transaction | shares 3,438,572   4,000,000   29,978      
Sale of stock, price per share $ 1.75   $ 2.50   $ 2.50      
Debt description Each Unit is comprised of (i) a convertible promissory note convertible into common stock of the Company at an initial conversion price of $1.75 and, (ii) a warrant to purchase two shares of Common Stock at an initial purchase price of $2.25 per share (the new Class C Warrant)   Each Unit is comprised of (i) a convertible promissory note convertible into common stock of the Company, (ii) a warrant to purchase one share of common stock of the Company (the “Class A Warrant”); and (iii) a second warrant to purchase common stock of the Company (the “Class B Warrant”).          
Sale of stock, consideration received on transaction | $ $ 6,000,000       $ 74,945      
Convertible notes | $         74,945      
Issuance costs | $         $ 6,745      
Unit Purchase Agreement [Member] | Maximum [Member]                
Debt Instrument [Line Items]                
Sale of stock, number of shares issued in transaction | shares 9,714,286              
Sale of stock, price per share   $ 2.50            
Debt conversion price per share   2.50            
Unit Purchase Agreement [Member] | Minimum [Member]                
Debt Instrument [Line Items]                
Sale of stock, price per share   2.25            
Debt conversion price per share   $ 2.25            
Unit Purchase Agreement [Member] | Class A Warrants [Member]                
Debt Instrument [Line Items]                
Warrants to purchase common shares | shares         29,978      
Unit Purchase Agreement [Member] | Class B Warrants [Member]                
Debt Instrument [Line Items]                
Warrants to purchase common shares | shares         29,978      
Unit Purchase Program [Member]                
Debt Instrument [Line Items]                
Sale of stock, number of shares issued in transaction | shares       440,000        
Sale of stock, consideration received on transaction | $       $ 1,100,000        
Convertible notes | $       $ 1,100,000        
Unit Purchase Program [Member] | Class A Warrants [Member]                
Debt Instrument [Line Items]                
Warrants to purchase common shares | shares       440,000        
Unit Purchase Program [Member] | Class B Warrants [Member]                
Debt Instrument [Line Items]                
Warrants to purchase common shares | shares       440,000        
December 2021 Exchange Agreement [Member]                
Debt Instrument [Line Items]                
Sale of stock, number of shares issued in transaction | shares               4,180,071
Sale of stock, consideration received on transaction | $               $ 6,500,743
Debt instrument, maturity date Dec. 21, 2023              
Exercise price of warrants or rights $ 2.25              
Percentage of warrant coverage 200.00%              
Pro-rata Units | shares 621,087              
Aggregate pro rata units | shares 832,022              
Gain on debt extinguishment | $               $ 338,181
Interest and acceration expenses | $           $ 1,556,177 $ 291,997  
December 2021 Exchange Agreement [Member] | Maximum [Member]                
Debt Instrument [Line Items]                
Sale of stock, price per share $ 2.25              
Debt conversion price per share 2.25              
December 2021 Exchange Agreement [Member] | Minimum [Member]                
Debt Instrument [Line Items]                
Sale of stock, price per share 1.75              
Debt conversion price per share $ 1.75