CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||||
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Jun. 23, 2022 |
Jul. 31, 2017 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Sep. 30, 2022 |
Nov. 30, 2021 |
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Subsidiary, Sale of Stock [Line Items] | ||||||
Reverse stock split | 1-for-7 reverse stock split | |||||
Common stock par value | $ 0.007 | $ 0.007 | $ 0.007 | $ 0.007 | ||
Preferred stock, shares authorized | 20,000,000 | |||||
Preferred stock par value | $ 0.001 | |||||
Proceeds from issuance of private placement | 0 | 0 | ||||
Net proceeds | $ 6,027,414 | |||||
Preferred stock, shares outstanding | 0 | 0 | 0 | |||
Conversion price per share | $ 4.20 | |||||
Common stock, shares authorized | 14,285,714 | 14,285,714 | ||||
Common stock, shares issued | 8,381,324 | 2,677,140 | ||||
Minimum [Member] | ||||||
Subsidiary, Sale of Stock [Line Items] | ||||||
Common stock, shares authorized | 7,142,857 | |||||
Maximum [Member] | ||||||
Subsidiary, Sale of Stock [Line Items] | ||||||
Common stock, shares authorized | 14,285,714 | |||||
Series A Preferred Stock [Member] | ||||||
Subsidiary, Sale of Stock [Line Items] | ||||||
Reverse stock split | 1-for-7 reverse stock split | |||||
Proceeds from issuance of private placement | 600,000 | |||||
Net proceeds | $ 1,500,000 | |||||
Shares issued for exchange of notes payable and accrued interest | $ 2,600,000 | |||||
Number of shares issued in debt conversion | 756,558 | |||||
Preferred stock voting rights | Each share of Series A preferred stock was entitled to the number of votes equal to the number of shares of Common Stock into which each share of Series A preferred stock could be converted at the record date for determination of the stockholders entitled to vote. The voting rights and powers were equal to the voting rights and powers of the Common Stock. For so long as 30% or more of the shares of Series A preferred stock remain outstanding, the holders of the Series A preferred stock, voting together as a single class, were entitled to elect one director of the Company | |||||
Dividend discription | The holders of shares of Series A preferred stock were entitled to receive dividends, when, as, and if declared by the Company’s board of directors, out of any assets legally available therefor, prior, and in preference to any declaration of payment of any dividend on the Company’s Common Stock at the rate of 8% per share. The right to receive dividends was not cumulative, and no right to such dividends would accrue to the holders of Series A preferred stock by reason of the fact that dividends on such shares are not declared or paid in any year | |||||
Number of shares issued during conversion | 756,558 | |||||
Conversion price per share | $ 3.00 | |||||
Gross proceeds | $ 10,000,000 | |||||
Share issued price per share | $ 7.70 | |||||
Private Placement [Member] | ||||||
Subsidiary, Sale of Stock [Line Items] | ||||||
Proceeds from issuance of private placement | 200,000 |
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- Definition Dividend discription. No definition available.
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of shares issued in exchange for 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 payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of voting rights of nonredeemable preferred stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per share or per unit amount of equity securities issued. No definition available.
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- Definition Number of new stock issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination. No definition available.
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- Definition Description of the reverse stock split arrangement. Also provide the retroactive effect given by the reverse split that occurs after the balance sheet date but before the release of financial statements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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. No definition available.
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