XML 71 R61.htm IDEA: XBRL DOCUMENT v3.23.1
Convertible Promissory Notes and Notes Payable (Details Narrative) - USD ($)
1 Months Ended 9 Months Ended
Jun. 03, 2020
Oct. 19, 2022
Jun. 30, 2022
Mar. 31, 2023
Mar. 31, 2022
Feb. 22, 2023
Oct. 31, 2022
Apr. 15, 2022
Aug. 01, 2021
Jun. 03, 2021
Proceeds from related party       $ 600,000            
Proceeds from related party       1,470,000 $ 0          
Original principal amount           $ 560,000        
Bears interest rate percentage           18.11%        
Common stock price per share           $ 4.53        
Issuance of restricted stock shares           134,000        
Original principal amount           $ 2,150,000        
Conversion price per share           $ 5.00        
Promissory note original principal amount interest rate           10.00%        
Interest rate     8.50%              
Allan Marshall [Member]                    
Original principal amount               $ 1,500,000    
Interest rate     8.50%              
Interest rate pik     3.50%              
Convertible Notes, 36-Month Term Notes [Member]                    
Proceeds from related party     $ 7,500,000              
Fund received from accredited investors     15,000,000              
Proceeds from notes   $ 2,780,200 6,678,506              
Original principal amount             $ 5,750,000      
Holdback amount   $ 3,000,000                
Description   principal amount of $5,750,000 payable upon maturity with a term of 24 months at an interest rate of 4%; and (c) promissory notes in the original principal amounts of $3,500,000 with a term of 36 months at an interest rate of 0.0%. The principals may convert the notes into shares of the Company’s restricted common stock at a conversion price equal to $4.81                
Warrants acquire     $ 56,250              
Exercise price     $ 4.44              
Redeem warrants     $ 250,000              
Gain in the change of derivative liability       $ 1,770            
Interest rate             4.00%      
Mortgage Loan, 10-Year Term Note [Member]                    
Original principal amount               $ 1,050,000    
SBA Note Payable, 30-Year Term Note [Member]                    
Interest rate                   3.75%
SBA Note payable $ 150,000                  
Monthly payment $ 731                  
Note Agreement [Member]                    
Original principal amount                 $ 500,000  
Holdback amount     $ 500,000              
Common stock per share                 $ 5.00  
Total convertible common stock                 $ 100,000