XML 47 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Fair Value on Recurring and Non-recurring Basis (Details)
3 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Jul. 23, 2021
USD ($)
Dec. 31, 2020
USD ($)
Current Assets:        
Equity securities       $ 1,520,000
Total current assets recorded at fair value       1,520,000
Non-current Assets        
Restricted cash       10,000
Land grant $ 1,378,000 $ 1,378,000    
Total non-current assets recorded at fair value 1,378,000 1,378,000   10,000
Non-current Liabilities        
Land grant obligation (1,378,000) (1,378,000)    
Total non-current liabilities recorded at fair value $ (1,378,000) (1,378,000)    
Percentage of equity securities sold 100.00%      
Proceeds from the sale of equity securities, net $ 3,600,000 $ 3,577,000    
Discount for lack of marketability        
Non-current Liabilities        
Fair value of available-for-sale securities 375,000 375,000    
Risk-free rate        
Non-current Liabilities        
Fair value of available-for-sale securities 0.09 0.09    
Volatility factor        
Non-current Liabilities        
Fair value of available-for-sale securities 89.1 89.1    
Level 1        
Non-current Assets        
Restricted cash       10,000
Total non-current assets recorded at fair value       10,000
Level 2        
Current Assets:        
Equity securities      
Total current assets recorded at fair value      
Non-current Assets        
Restricted cash      
Land grant    
Total non-current assets recorded at fair value  
Non-current Liabilities        
Land grant obligation    
Total non-current liabilities recorded at fair value    
Level 3        
Current Assets:        
Equity securities       1,520,000
Total current assets recorded at fair value       1,520,000
Non-current Assets        
Restricted cash      
Land grant 1,378,000 1,378,000    
Total non-current assets recorded at fair value 1,378,000 1,378,000  
Non-current Liabilities        
Land grant obligation (1,378,000) (1,378,000)    
Total non-current liabilities recorded at fair value (1,378,000) (1,378,000)    
Alabama Graphite        
Non-current Assets        
Land grant $ 1,400,000 $ 1,400,000    
Alabama Graphite | Non-recurring        
Non-current Assets        
Land grant     $ 1,400,000