BASIS OF PRESENTATION, ORGANIZATION AND NATURE OF OPERATIONS (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||||
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Sep. 06, 2022 |
Jun. 23, 2022 |
Sep. 30, 2022 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Nov. 30, 2021 |
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Common stock par value | $ 0.007 | $ 0.007 | $ 0.007 | $ 0.007 | ||
Reverse stock split | 1-for-7 reverse stock split | |||||
Accumulated deficit | $ 36,667,468 | $ 28,513,355 | ||||
Cash and cash equivalents | $ 11,413,759 | $ 1,360,638 | ||||
Total assets, percent | 93.00% | |||||
Tradeable Warrant [Member] | ||||||
Warrant exercise price | $ 7.35 | |||||
Non Tradeable Warrant [Member] | ||||||
Warrant exercise price | $ 7.656 | |||||
Common Stock [Member] | ||||||
Stock issued during period, shares | 1,282,600 | |||||
IPO [Member] | ||||||
Stock issued during period, shares | 1,282,600 | |||||
Offering price, per share | $ 6.125 | |||||
Initial public offering, description | Each Unit consists of (i) one share of the Company’s common stock, par value $0.007 per share (“Common Stock”), (ii) one tradeable warrant (a “Tradeable Warrant”) exercisable for the purchase of one share of Common Stock at an exercise price of $7.35 per share, and (iii) one non-tradeable warrant (a “Non-tradeable Warrant”) exercisable for the purchase of one share of Common Stock at an exercise price of $7.656 per share. | |||||
Common stock par value | $ 0.007 | |||||
Gross proceeds before underwriting discounts, commissions and offering expenses | $ 7,800,000 | |||||
Convertible notes converted amount | $ 16,100,000 | $ 16,100,000 | ||||
Number of shares issued in debt conversion | 2,533,964 | 2,533,964 | ||||
IPO [Member] | Convertible Preferred Stock [Member] | ||||||
Number of shares converted | 5,296,044 | |||||
IPO [Member] | Tradeable Warrant [Member] | ||||||
Warrant exercise price | $ 7.35 | |||||
IPO [Member] | Non Tradeable Warrant [Member] | ||||||
Warrant exercise price | $ 7.656 | |||||
IPO [Member] | Common Stock [Member] | ||||||
Number of shares issued during conversion | 756,558 |
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- Definition Initial public offering, description. No definition available.
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- Definition Total assets, percent. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 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 number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "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 number of new shares issued in the conversion of stock in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "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 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 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 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 The cumulative amount of the reporting entity's undistributed earnings or deficit. 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 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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