ORGANIZATION, NATURE OF OPERATIONS AND GOING CONCERN (Details Narrative) - USD ($) |
1 Months Ended | 6 Months Ended | ||||||
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Jun. 11, 2024 |
May 22, 2024 |
Jan. 30, 2024 |
Jan. 13, 2024 |
Mar. 31, 2024 |
Feb. 29, 2024 |
Jun. 30, 2024 |
Jun. 06, 2024 |
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Debt Instrument [Line Items] | ||||||||
Principal to common stock | $ 7,400,000 | $ 7,400,000 | ||||||
Remaining convertible notes | $ 24,700,000 | |||||||
Per share | $ 1,000 | $ 6.4486 | ||||||
Initial conversation price | $ 133.00 | |||||||
Number of publicly held shares | 500,000 | |||||||
Severance amount paid | $ 112,500 | |||||||
Chief Executive Officer [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Officer compensation | $ 800,000 | |||||||
Annual bonus | $ 250,000 | |||||||
Compensation description | Mr. Kim will also receive 5% of the gross proceeds or other consideration if the Company completes a sale of substantially all of its assets or otherwise enters into a change of control transaction. Mr. Kim is also entitled to an equity award equal to 10% of the Company’s fully diluted equity, subject to stockholder approval of an increase in the shares available under the 2021 Plan or a new equity plan. | |||||||
Chief Financial Officer [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Officer compensation | $ 300,000 | |||||||
Compensation description | annual bonus of up to 50% of his salary as determined by the compensation committee of the board of directors. Mr. Endo has agreed to a reduction in the salary to $238,500 through the end of 2024. Mr. Endo will also receive 5% of the gross proceeds or other consideration if the Company completes a sale of substantially all of its assets or otherwise enters into a change of control transaction. Mr. Endo is also entitled to an equity award equal to 4% of the Company’s fully diluted equity, subject to stockholder approval of an increase in the shares available under the 2021 Plan or a new equity plan. | |||||||
Jordan Davis [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Consulting expense | $ 12,500 | |||||||
May 2024 Note Warrants [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Warrants issued | 101,463 | |||||||
Warrants, exercise price | $ 29.00 | |||||||
May 2024 Notes [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Aggregate principal amount | $ 2,942,170 | |||||||
Net proceeds from debt | $ 2,255,851 |
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary and wage arising from service rendered by officer. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Per share conversion price of preferred stock. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
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- Definition Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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