XML 38 R28.htm IDEA: XBRL DOCUMENT v3.23.2
RECENT DEVELOPMENTS (Details Narrative)
3 Months Ended 12 Months Ended
May 12, 2023
USD ($)
$ / shares
shares
Feb. 15, 2023
USD ($)
Jun. 13, 2022
$ / shares
shares
May 23, 2022
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
$ / shares
Jun. 30, 2022
USD ($)
shares
Mar. 31, 2023
USD ($)
$ / shares
shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Common stock, par value | $ / shares         $ 0.01   $ 0.01
Gross proceeds from issuance of stock         $ 1,603,894 $ 3,362,750  
Ault Alliance [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Ownership percentage     52.80%        
Common stock, par value | $ / shares     $ 0.01        
Ault Alliance, and Milton C. Ault, III [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Ownership percentage     42.80%        
Number of shares beneficially owns | shares     1,808,000        
Common Stock [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Number of new shares issued | shares           1,000,000  
At the Market [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Proceeds from issuance or sale of equity $ 1,745,000           $ 36,000
Net cash proceeds brokerage commissions and administrative fees $ 1,690,000            
At the Market [Member] | Common Stock [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Sale of stock consideration received per transaction   $ 1,800,000          
Number of new shares issued | shares 1,067,000           14,230
Share price | $ / shares $ 1.64           $ 2.56
Underwriting Agreement [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Sale of stock, number of shares issued in transaction | shares       1,000,000      
Gross proceeds from issuance of stock       $ 4,000,000      
Underwriting discounts and commissions and other estimated offering expenses       $ 637,000      
Sale of stock, price per share | $ / shares       $ 4.00      
Net proceeds from issuance of stock       $ 3,363,000      
Underwriter warrants to purchase | shares       100,000      
Sale of stock, percentage       10.00%      
Exercise price per share | $ / shares       $ 5.00      
Warrant term       5 years      
Fair value adjustment of warrants       $ 244,000      
Underwriting Agreement [Member] | Measurement Input, Exercise Price [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Warrant measurement input       2.90      
Underwriting Agreement [Member] | Measurement Input, Expected Term [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Warrant term       3 years      
Underwriting Agreement [Member] | Measurement Input, Price Volatility [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Warrant measurement input       176      
Underwriting Agreement [Member] | Measurement Input, Expected Dividend Rate [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Warrant measurement input       0      
Underwriting Agreement [Member] | Measurement Input, Risk Free Interest Rate [Member]              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Warrant measurement input       2.63