WARRANTS (Details Narrative) - USD ($) |
1 Months Ended | 6 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|
Sep. 30, 2022 |
Aug. 31, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Mar. 31, 2017 |
|
Aggregate warrants | 4,649,952 | 4,649,952 | |||||
Class of warrant description | Pursuant to the underwriting agreement dated August 31, 2022, (the “Underwriting Agreement”) between the Company and WallachBeth Capital, LLC, as representative of the underwriters (the “Underwriters”), and solely for purposes of covering any over-allotments made in connection with our IPO, we granted the Underwriters an option to purchase up to an additional 192,390 shares of Common Stock at the Offering Price per Unit less $0.02, and/or up to 192,390 Tradeable Warrants at $0.01 per Tradeable Warrant, and/or up to 192,390 Non-tradeable Warrants at $0.01 per Non-tradeable Warrant, or any combination of additional shares of Common Stock, Tradeable Warrants, and Non-tradeable Warrants representing in the aggregate up to 15% of the number of Units sold in the IPO (the “Over-Allotment Option”). The Over-Allotment Option was exercisable for a period of 45 days from the date of our Final Prospectus | ||||||
Fair value of warrants | $ 500,000 | $ 700,000 | |||||
Interest expense | 2,100,000 | 500,000 | |||||
Convertible debt | 700,000 | $ 3,300,000 | |||||
Fair Value, Inputs, Level 2 [Member] | |||||||
Convertible notes payable | $ 325,000 | ||||||
Bridge Notes [Member] | |||||||
Aggregate warrants | 226,842 | 464,272 | |||||
Fair value of warrants | $ 4,100,000 | ||||||
Stock issued for conversion of debt, value | $ 2,700,000 | ||||||
Accrued interest rate | 6.00% | ||||||
Aggregate warrants | $ 1,419,483 | ||||||
Warrant [Member] | |||||||
Exercise price | $ 6.15 | $ 6.15 | $ 7.00 | ||||
Exercise of warrants | 0 | 0 | |||||
Warrants exercised | 1,036,486 | 0 | |||||
Net proceeds from direct offering costs | $ 7,700,000 | ||||||
Aggregate warrants | $ 6,428 | ||||||
Warrant [Member] | Bridge Notes [Member] | |||||||
Exercise price | $ 5.25 | $ 4.20 | |||||
Tradeable Warrant [Member] | |||||||
Exercise price | $ 7.35 | ||||||
Warrants exercised | 1,282,600 | ||||||
Tradeable Warrant [Member] | Over-Allotment Option [Member] | |||||||
Exercise price | $ 0.01 | ||||||
Warrants exercised | 110,167 | ||||||
Tradeable Warrant [Member] | Underwriting Agreement [Member] | |||||||
Exercise price | $ 0.01 | ||||||
Stock issued during period, shares | 192,390 | ||||||
Non Tradeable Warrant [Member] | |||||||
Exercise price | $ 7.656 | ||||||
Warrants exercised | 1,282,600 | ||||||
Non Tradeable Warrant [Member] | Over-Allotment Option [Member] | |||||||
Exercise price | $ 0.01 | ||||||
Warrants exercised | 110,167 | ||||||
Non Tradeable Warrant [Member] | Underwriting Agreement [Member] | |||||||
Exercise price | $ 0.01 | ||||||
Stock issued during period, shares | 192,390 | ||||||
Common Stock [Member] | |||||||
Stock issued during period, shares | 1,282,600 | ||||||
Common Stock [Member] | Underwriting Agreement [Member] | |||||||
Exercise price | $ 0.02 | ||||||
Stock issued during period, shares | 192,390 |