DEBT (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 03, 2022 |
May 12, 2020 |
Dec. 21, 2022 |
Feb. 28, 2022 |
Feb. 23, 2022 |
Jul. 30, 2021 |
Nov. 19, 2020 |
Jun. 24, 2020 |
Jun. 23, 2020 |
Nov. 16, 2015 |
Sep. 30, 2023 |
Sep. 30, 2023 |
Dec. 31, 2022 |
Aug. 29, 2022 |
Dec. 31, 2021 |
Aug. 04, 2021 |
Dec. 30, 2020 |
Oct. 17, 2018 |
|
Gain on extinguishment of debt | $ 306,637 | |||||||||||||||||
Outstanding principal loan balance | $ 3,950,000 | $ 578,850 | ||||||||||||||||
Note payable long term | $ 3,160,277 | $ 3,160,277 | $ 2,859,570 | |||||||||||||||
Accrued interest expenses | 17,434 | |||||||||||||||||
Interest rate description | one-month Euribor (3.39% as of September 30, 2023), and 6% plus one-month LIBOR (5.18% as of date of September 30, 2023), respectively | |||||||||||||||||
Non cash interest expenses | $ 23,820 | |||||||||||||||||
Repayment of installment | $ 500,000 | |||||||||||||||||
Repayments of debt | 191,100 | |||||||||||||||||
Capitalized fees | $ 221,060 | |||||||||||||||||
Debt instruments final payament | 2,593,363 | |||||||||||||||||
Loan principal balance | $ 1,898,895 | |||||||||||||||||
Shares issued | 13,068,693 | 13,068,693 | 10,605,412 | |||||||||||||||
Final repayment | 1,965,600 | |||||||||||||||||
June 23, 2020 [Member] | National Bank of Greece SA [Member] | ||||||||||||||||||
Outstanding principal loan balance | $ 289,059 | $ 289,059 | $ 249,035 | |||||||||||||||
Interest rate description | The note is interest bearing from the date of receipt and is payable every three (3) months at an interest rate of 3.06% plus 3-month Euribor (3.6% as of September 30, 2023) | |||||||||||||||||
Repayments of debt | 93,388 | |||||||||||||||||
Debt amount received from related party | $ 611,500 | |||||||||||||||||
Notes payable long term | 124,517 | $ 124,517 | 220,253 | |||||||||||||||
Maturity date | 60 days | |||||||||||||||||
August 29, 2022 [Member] | Promissory Notes [Member] | ||||||||||||||||||
Accrued interest expenses | 5,041 | |||||||||||||||||
Agreement description | the Company entered into a promissory note for the principal amount of $166,667. The Company received $150,000 in cash and recorded $16,667 as an original issue discount upon issuance. The promissory note matured on the earlier of (a) December 27, 2022, or (b) the date the Company completes a debt or equity financing of at least $1,000,000 | |||||||||||||||||
Interest rate | 12.00% | |||||||||||||||||
July 14, 2023 [Member] | Promissory Notes [Member] | ||||||||||||||||||
Outstanding principal loan balance | 1,034,798 | $ 1,034,798 | 0 | |||||||||||||||
Agreement description | the Company entered into an agreement with a third-party lender in the principal amount of €1,000,000 ($1,123,700), the “Note”. The Note matures on July 31, 2028 and bears an annual interest rate of 2.46% plus the 3-month Euribor (3.6% as of September 30, 2023). Pursuant to the agreement, there is a nine-month grace period for interest and principal repayment. The principal is to be repaid in 18 equal quarterly installments of €55,556 commencing on May 2, 2024 | |||||||||||||||||
Notes payable long term | 917,198 | $ 917,198 | 0 | |||||||||||||||
Full and Final Settlement Agreement [Member] | ||||||||||||||||||
Payment of loan | $ 1,100,000 | |||||||||||||||||
Gain on extinguishment of debt | 306,637 | |||||||||||||||||
Repayment of loan | $ 52,920 | |||||||||||||||||
Outstanding principal loan balance | 1,825,740 | 1,825,740 | ||||||||||||||||
Note payable long term | 1,349,460 | 1,349,460 | ||||||||||||||||
Accrued interest expenses | 58,825 | 58,825 | ||||||||||||||||
Senior Promissory Notes [Member] | ||||||||||||||||||
Gain on extinguishment of debt | $ 787,544 | |||||||||||||||||
Non cash interest expense | 295,846 | 772,180 | ||||||||||||||||
Aggregate amount of senior promissory notes | 9,000,000 | 7,000,000 | ||||||||||||||||
Fee payment | 506,087 | |||||||||||||||||
New debt amount fair value | $ 7,706,369 | |||||||||||||||||
Debt Exchange Agreement [Member] | ||||||||||||||||||
Outstanding principal loan balance | $ 611,500 | 0 | 0 | 0 | ||||||||||||||
Accrued interest expenses | $ 8,069 | 0 | 0 | 12,853 | ||||||||||||||
Repayments of debt | 88,200 | 118,867 | ||||||||||||||||
Agreement description | bears an annual interest rate, based on a 360-day year, of 3% plus .6% plus 6-month Euribor when Euribor is positive (3.93% as of September 30, 2023). The principal is to be repaid in 18 quarterly installments of €27,778 ($30,333) | |||||||||||||||||
Accrued expenses | 0 | 0 | ||||||||||||||||
Notes payable long term | 147,000 | 147,000 | 237,733 | |||||||||||||||
Shares issued | 12,852 | |||||||||||||||||
Gain on settlement of debt upon shares issuance | $ 292,383 | |||||||||||||||||
Common stock shares issuable upon listing on nasdaq | 9,520 | |||||||||||||||||
Settlement of debt, shares issuable upon listing on nasdaq | $ 1,190,000 | |||||||||||||||||
Settlement of debt | $ 1,606,500 | |||||||||||||||||
Gain from extinguishment of debt | $ 216,580 | |||||||||||||||||
Principal amount of existing loan | 264,600 | 264,600 | 356,600 | |||||||||||||||
Upon issuance of common stock | 9,520 | |||||||||||||||||
Maturity of note | Nov. 18, 2025 | |||||||||||||||||
July 30, 2021 Debt Agreement [Member] | ||||||||||||||||||
Outstanding principal loan balance | 363,652 | 363,652 | 451,472 | |||||||||||||||
Accrued interest expenses | 8,449 | 8,449 | 2,728 | |||||||||||||||
Repayments of debt | 83,009 | 83,428 | ||||||||||||||||
Agreement description | The note matures on August 5, 2026 and bears an annual interest rate that applies to 60% of the principal of the note that is based on a 365-day year, of 5.84% plus 3-month Euribor when Euribor is positive (3.93% as of September 30, 2023). Pursuant to the terms of the agreement, there is a nine-month grace period | |||||||||||||||||
Notes payable long term | 247,186 | 247,186 | 336,788 | |||||||||||||||
Covid Ninteen [Member] | ||||||||||||||||||
Outstanding principal loan balance | 133,954 | 133,954 | 150,441 | |||||||||||||||
Loan received from related party | $ 366,900 | |||||||||||||||||
Debt principal balance | 14,884 | 14,884 | ||||||||||||||||
Covid Ninteen [Member] | United Kingdom Government [Member] | ||||||||||||||||||
Interest rate | 2.50% | |||||||||||||||||
Loan prinipal amount | 51,824 | 51,824 | 56,936 | |||||||||||||||
June 9, 2022 Debt Agreement One [Member] | ||||||||||||||||||
Outstanding principal loan balance | 296,352 | 296,352 | $ 4,000,000 | |||||||||||||||
Repayments of debt | $ 42,336 | |||||||||||||||||
Agreement description | the Company entered into an agreement with a third-party lender in the principal amount of €320,000 ($335,008), the “Note”. The Note matures on June 16, 2027 and bears an annual interest rate of 3.89% plus an additional rate of 0.60%, plus the 3-month Euribor (3.6% as of September 30, 2023). Pursuant to the agreement, there is a twelve-month grace period for principal repayment during which interest is accrued. The principal is to be repaid in 17 equal quarterly installments of €18,824 commencing on June 30, 2023 | |||||||||||||||||
Accured interest expense | 4,407 | $ 4,407 | 8,379 | |||||||||||||||
Notes payable long term | 216,661 | 216,661 | 281,924 | |||||||||||||||
Synthesis Facility Agreement [Member] | TFF [Member] | ||||||||||||||||||
Outstanding principal loan balance | $ 5,629,555 | |||||||||||||||||
Accrued expenses | 524,094 | |||||||||||||||||
Synthesis Facility Agreement [Member] | TFF [Member] | Principal Balance One [Member] | ||||||||||||||||||
Debt instrument, accrue interest rate | 5.50% | |||||||||||||||||
Debt intrument split, principal balance | $ 2,316,000 | |||||||||||||||||
Synthesis Facility Agreement [Member] | TFF [Member] | Principal balance 2 [Member] | ||||||||||||||||||
Stated interest rate | 6.00% | |||||||||||||||||
Debt split, balance | $ 4,000,000 | |||||||||||||||||
Loan Agreement [Member] | Panagiotis Drakopoulos [Member] | ||||||||||||||||||
Outstanding principal loan balance | $ 0 | $ 0 | 8,558 | |||||||||||||||
Accrued expenses | $ 7,271 | |||||||||||||||||
Short term debt borrowing capacity | $ 42,832 | |||||||||||||||||
Interest rate | 6.00% |