XML 50 R35.htm IDEA: XBRL DOCUMENT v3.22.2.2
GOING CONCERN (Details Narrative)
1 Months Ended 9 Months Ended
May 13, 2022
$ / shares
shares
Sep. 28, 2022
USD ($)
$ / shares
shares
May 18, 2022
USD ($)
$ / shares
shares
May 17, 2022
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 30, 2021
USD ($)
Mar. 31, 2022
USD ($)
$ / shares
$ / bbl
Dec. 31, 2021
USD ($)
$ / shares
Accumulated deficit         $ (74,829,673)     $ (57,471,492)
Net cash used in operating activities         $ (4,264,014) $ (2,277,609)    
Underwritten public offering units issued | shares 2,352,942   424,116          
Underwritten public offering, price per unit     4.25   4.25   4.25  
Warrants exercise price | $ / shares $ 4.25              
Price per unit sold, percentage 100.00%   0.01%          
Warrants expiry term     5 years          
Additional common stock shares issued | shares     352,941          
Additional warrants issued | shares     705,882          
Public Offerings Price | $ / shares     $ 4.25 $ 125        
Common Stock, par value | $ / shares $ 0.00001       $ 0.00001     $ 0.00001
Representative's Warrants issued     $ 141,177          
Representative's Warrants per share | $ / shares       $ 5.3125        
Net proceeds from the sale of an underwritten public offering     $ 8,780,000   $ 13,920,000      
Original Issue Discount Convertible Debenture         18.00%   18.00%  
Convertible notes payable loan balance         $ 3,048,781   $ 3,048,781  
Net offering proceeds from loan         3,048,781      
Working capital         $ 7,250,000      
Convertible notes payable annual interest rate         12.00%   12.00%  
Principal balances of convertible notes due, Sep 30, 2022         $ 2,005,000   $ 2,005,000  
Principal balances of convertible notes due, March 2023         1,100,000   1,100,000  
Principal balances of convertible notes due, April 2023         155,000   155,000  
Principal balances of convertible notes due, May 2023         $ 750,000   $ 750,000  
Common stock closing price per share | $ / shares         $ 9.00   $ 6.00  
PIPE Offering [Member]                
Gross proceeds   $ 6,000,000            
Non-Prefunded Units issued | shares   1,925,677            
Prefunded Units issued | shares   2,128,378            
Purchase Price per unit | $ / shares   $ 1.48            
Prefunded Warrant exercise price | $ / shares   0.001     0.001      
Non Prefunded Warrant exercise price | $ / shares   $ 1.35     $ 1.35      
Proceeds from PIPE Offering         $ 5,140,000