XML 88 R77.htm IDEA: XBRL DOCUMENT v3.23.2
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) - USD ($)
1 Months Ended 2 Months Ended 12 Months Ended
Sep. 15, 2022
Jan. 04, 2022
Dec. 21, 2021
Dec. 01, 2021
Jan. 04, 2022
Mar. 31, 2018
May 31, 2023
May 31, 2022
Apr. 30, 2021
Dec. 21, 2012
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount $ 18,846,721 $ 2,500,000     $ 2,500,000       $ 6,229,672  
Warrants (in Shares) 6,025,700       757,576 51,310        
Warrants at an exercise price of (in Dollars per share) $ 0.4 $ 1.65     $ 1.65          
Discount charged to operations             $ 779,096 $ 277,017    
Interest payments             3,283 0    
Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Interest payments             $ 47,917 0    
Debenture 1 [Member] | Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount       $ 250,000            
Interest payable       payable quarterly commencing six months after issuance            
Interest Rate       15.00%            
Warrants (in Shares)       75,758            
Maturity             Jul. 10, 2024      
Warrants at an exercise price of (in Dollars per share)       $ 1.65            
Payments       The Company shall make additional quarterly payments under Debenture 1 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year.            
Discount       $ 17,223            
Original issue discount       $ 187,500            
original issue discount was charged to operations             $ 72,581 36,290    
Accrued interest             37,500 18,750    
Discount charged to operations             6,667 3,334    
Interest payments             $ 50,000 0    
Debenture 2 [Member] | Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount                   $ 250,000
Interest payable     payable quarterly commencing six months after issuance              
Interest Rate     15.00%              
Warrants (in Shares)     75,758              
Maturity             Jul. 10, 2024      
Warrants at an exercise price of (in Dollars per share)     $ 1.65              
Payments     The Company shall make additional quarterly payments under Debenture 2 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year.              
Discount                   $ 10,428
Original issue discount     $ 187,500              
original issue discount was charged to operations             $ 72,581 30,242    
Accrued interest             37,500 16,563    
Discount charged to operations             $ 4,037 1,682    
Debenture 3 [Member] | Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount     $ 500,000              
Interest payable     payable quarterly commencing six months after issuance              
Interest Rate     15.00%              
Warrants (in Shares)     151,516              
Maturity             Jul. 10, 2024      
Warrants at an exercise price of (in Dollars per share)     $ 1.65              
Payments     The Company shall make additional quarterly payments under Debenture 3 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year.              
Discount     $ 19,335              
Original issue discount     $ 375,000              
original issue discount was charged to operations             $ 145,161 60,484    
Accrued interest             75,000 33,125    
Discount charged to operations             7,485 3,118    
Interest payments             95,625 0    
Debenture 4 [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Accrued interest             $ 75,000 30,417    
Debenture 4 [Member] | Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount   $ 500,000     $ 500,000          
Interest payable   payable quarterly commencing six months after issuanc                
Interest Rate   15.00%     15.00%          
Warrants (in Shares)   151,516                
Maturity             Jul. 10, 2024      
Warrants at an exercise price of (in Dollars per share)   $ 1.65     $ 1.65          
Payments   The Company shall make additional quarterly payments under Debenture 4 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year.                
Discount   $ 17,154     $ 17,154          
Original issue discount   375,000     375,000          
original issue discount was charged to operations             $ 150,000 50,000    
Discount charged to operations             6,862 2,287    
Interest payments             $ 92,917 0    
Debenture 5 [Member] | Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount   $ 500,000     $ 500,000          
Interest payable   payable quarterly commencing six months after issuance                
Interest Rate   15.00%     15.00%          
Warrants (in Shares)   151,516                
Maturity             Jul. 10, 2024      
Warrants at an exercise price of (in Dollars per share)   $ 1.65     $ 1.65          
Payments   The Company shall make additional quarterly payments under Debenture 5 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year.                
Discount   $ 17,154     $ 17,154          
Original issue discount   375,000     375,000          
original issue discount was charged to operations             $ 150,000 50,000    
Accrued interest             75,000 30,417    
Discount charged to operations             6,862 2,287    
Interest payments             $ 92,917 0    
Debenture 6 [Member] | Notes Payable, Other Payables [Member]                    
NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items]                    
Amount   $ 500,000     $ 500,000          
Interest payable   payable quarterly commencing six months after issuance,                
Interest Rate   15.00%     15.00%          
Warrants (in Shares)   151,516                
Maturity             Jul. 10, 2024      
Warrants at an exercise price of (in Dollars per share)   $ 1.65     $ 1.65          
Payments   The Company shall make additional quarterly payments under Debenture 6 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year.                
Discount   $ 17,154     $ 17,154          
Original issue discount   $ 375,000     $ 375,000          
original issue discount was charged to operations             $ 150,000 50,000    
Accrued interest             75,000 30,417    
Discount charged to operations             6,862 2,287    
Interest payments             $ 92,917 $ 0