STOCKHOLDERS EQUITY (DEFICIT) (Details Narative) - USD ($) |
1 Months Ended | 6 Months Ended | 15 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|
Jun. 02, 2021 |
Nov. 11, 2020 |
Jun. 15, 2021 |
May 28, 2021 |
Nov. 29, 2019 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Dec. 31, 2020 |
|
Common Stock, Shares Authorized | 150,000,000 | 150,000,000 | 150,000,000 | ||||||
Common stock and treasury shares, Description | 1-for-80 basis and (ii) decrease the number of total authorized shares of Common Stock of the Company from 1,200,000,000 to 150,000,000 shares. The Certificate of Amendment became effective at 12:01 a.m. (Eastern Time) on May 28, 2021 (the “Effective Time”) | ||||||||
Reverse stock split of common stock | 1-for-25 to 1-for-120 | As of the Effective Time, every 80 shares of issued and outstanding Common Stock were converted into one share of Common Stock | |||||||
Common stock purchased, related party | 4,464 | ||||||||
Proceed from related party | $ 50,000 | ||||||||
Purchase price | $ 5.50 | $ 11.20 | |||||||
Common stock unit issued | 2,760,000 | ||||||||
Gross proceeds of stock | $ 13,800,000 | ||||||||
Net proceeds of stock | $ 12,177,362 | ||||||||
Stock warrant exercised | 139,100 | 57,875 | |||||||
Issuance of common stock | 54,361 | 27,435 | |||||||
Sale of common stock warrants, Shares | 414,000 | 5,624 | |||||||
Sale of common stock warrants, Description | On June 2, 2021, the Company completed its planned public offering of common stock shares and common stock warrants. As part of the transaction, the Company sold 414,000 warrants to purchase up to an aggregate 414,000 shares of common stock at $5.50 per share with a life of 5 years from the date of purchase, from the overallotment option that was exercised by the underwriter for $4,140. Additionally, the underwriters exercised their options to purchase 8% of the number of common shares in the offering or warrants for 220,800 common shares, for an aggregate price to the Company of $100 (“Representative Warrants”) | ||||||||
Proceed from stock issuances | $ 1,514,973 | $ 25,000 | |||||||
Common stock value | 9,069 | $ 9,069 | $ 5,163 | ||||||
Dividend rate | 0.00% | ||||||||
Sale of common stock warrants, Amount | $ 50,000 | ||||||||
Maximum [Member] | |||||||||
Volatility range | 154.26% | ||||||||
Discount rates | 0.45% | ||||||||
Minimum [Member] | |||||||||
Volatility range | 139.55% | ||||||||
Discount rates | 0.26% | ||||||||
Black Scholes Pricing Model [Member] | |||||||||
Common stock value | $ 495,501 | ||||||||
Dividend rate | 0.00% | ||||||||
Black Scholes Pricing Model [Member] | Maximum [Member] | |||||||||
Volatility range | 142.46% | ||||||||
Discount rates | 1.65% | ||||||||
Black Scholes Pricing Model [Member] | Minimum [Member] | |||||||||
Volatility range | 128.20% | ||||||||
Discount rates | 0.41% | ||||||||
CorProminence, LLC [Member] | |||||||||
Common stock share issued, restricted | 5,000 | ||||||||
Total expense | $ 22,400 | ||||||||
Market price | $ 4.48 | ||||||||
Private Investors [Member] | |||||||||
Shares issued | 139,668 | 1,953 | |||||||
Proceed from stock issuances | $ 1,514,970 | $ 25,000 | |||||||
Price per share | $ 12.80 | ||||||||
2019 Incentive Plan [Member] | |||||||||
Option issued | 781,250 | ||||||||
Plan term | 10 years | ||||||||
Aggregate number of common shares available for issuance | 1,275,000 | ||||||||
Issuance of additional options | 150,000 | ||||||||
Incentive plan, description | except in the case of an incentive stock option granted to more than 10% shareholder of the Company, in which case the price should not be less than 110% of the Fair Market Value) on the date of the grant of a Share and shall have a term of no more than ten years. As of June 30, 2021, 781,250 Options have been issued with terms between 5 years and 10 years | ||||||||
HEP Investments | Third Party Investors | |||||||||
Proceed from related party | $ 425,000 | ||||||||
Warrants purchase | 53,125 | ||||||||
Exercise price | $ 8.00 | ||||||||
Participation Agreements [Member] | Black Scholes Pricing Model [Member] | |||||||||
Sale of common stock warrants, Shares | 5,624 | 43,125 | |||||||
Dividend rate | 0.00% | 0.00% | |||||||
Sale of common stock warrants, Amount | $ 55,697 | $ 117,474 | |||||||
Participation Agreements [Member] | Black Scholes Pricing Model [Member] | Maximum [Member] | |||||||||
Volatility range | 140.20% | 154.26% | |||||||
Discount rates | 0.87% | 0.44% | |||||||
Participation Agreements [Member] | Black Scholes Pricing Model [Member] | Minimum [Member] | |||||||||
Volatility range | 129.13% | 147.12% | |||||||
Discount rates | 0.41% | 0.29% | |||||||
Warrants [Member] | |||||||||
Proceeds from warrant exercises | $ 155,400 | ||||||||
Common stock shares issued | 24,188 | 24,188 | |||||||
Average exercise prices | $ 6.40 | $ 6.40 |