STOCKHOLDERS EQUITY (DEFICIT) (Details Narative) - USD ($) |
1 Months Ended | 6 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
Oct. 12, 2021 |
Jun. 15, 2021 |
Jun. 02, 2021 |
May 27, 2021 |
Nov. 29, 2019 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Jan. 01, 2022 |
Oct. 15, 2021 |
|
| 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 | 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 | $ 11.20 | ||||||||
| Stock warrant exercised | 139,664 | ||||||||
| Warrants to purchase | 139,100 | ||||||||
| Issuance of common stock | 54,361 | ||||||||
| Sale of common stock warrants, Shares | 414,000 | ||||||||
| Sale of common stock warrants, Description | On June 2, 2021, the Company completed its public offering of common stock and warrants. As part of the transaction, the Company sold 414,000 warrants with an exercise price of $5.50 per share, from the overallotment option that was exercised by the underwriter for $4,140. Additionally, the Company issued the underwriter 8% of the number of shares of common stock in the offering in 220,800 unregistered warrants for shares of common stock, for an aggregate price to the Company of $100. These warrants are exercisable 180 days after the offering date and expire five years after the first day they are exercisable. The warrants were valued at $946,675 based on the Black Scholes pricing model relying on the following assumptions: volatility 132.46%; annual rate of dividends 0%; discount rate 0.80%. This was recognized by the company as an underwriting cost and was accounted for as an offset to funds raised. | ||||||||
| Net proceeds | $ 0 | $ 50,000 | |||||||
| Dividend rate | 0.00% | 0.00% | |||||||
| Proceed from stock issuances | $ 0 | $ 1,514,973 | |||||||
| Volatility range | 135.32% | ||||||||
| CorProminence, LLC [Member] | |||||||||
| Market price | $ 4.48 | $ 4.15 | |||||||
| Issued of additional shares of common stock | 2,500 | ||||||||
| Common stock share issued, unrestricted | 5,000 | ||||||||
| Aggregated total expense | $ 10,375 | ||||||||
| Total expense | $ 22,400 | ||||||||
| Maximum [Member] | |||||||||
| Discount rates | 0.87% | ||||||||
| Volatility range | 154.26% | ||||||||
| Minimum [Member] | |||||||||
| Discount rates | 0.26% | ||||||||
| Volatility range | 129.13% | ||||||||
| Private Investors [Member] | |||||||||
| Proceed from stock issuances | $ 1,514,970 | ||||||||
| Planned Public Offering [Member] | |||||||||
| Stock units, issued | 2,760,000 | ||||||||
| Stock units issued, price per share | $ 5.00 | ||||||||
| Warrants, exercise price | $ 5.50 | ||||||||
| Gross proceeds | $ 13,804,240 | ||||||||
| Underwriting and other costs | $ 1,622,638 | ||||||||
| Warrants, term | 5 years | ||||||||
| Net proceeds | $ 12,181,602 | ||||||||
| 2021 Incentive Plan [Member] | |||||||||
| Shares available for issuance, shares | 1,000,000 | ||||||||
| Increase (decrease) in shares available for issuance | $ 470,983 | ||||||||
| Stock options, issued | 763,824 | ||||||||
| Remining shares available for issuance | 707,159 | ||||||||
| Plan term | 10 years | ||||||||
| 2019 Incentive Plan [Member] | |||||||||
| Plan term | 10 years | ||||||||
| Remained shares | 365,625 | ||||||||
| Option issued | 781,250 | ||||||||
| Incentive plan, description | Equity Incentive Plan, the Company maintained a 2019 Omnibus Long-Term Incentive Plan (the “2019 Plan”). Following the approval by the shareholders of the 2021 Plan, no additional awards have been or will be made under the 2019 Plan. As of June 30, 2022, 781,250 stock options had been issued under the 2019 Plan with terms between 5 years and 10 years, of which 365,625 remained outstanding. | ||||||||
| Black Scholes Pricing Model [Member] | Participation Agreements [Member] | |||||||||
| Sale of common stock warrants, Shares | 5,626 | ||||||||
| Net proceeds | $ 55,697 | ||||||||
| Dividend rate | 0.00% | ||||||||
| Black Scholes Pricing Model [Member] | Participation Agreements [Member] | Maximum [Member] | |||||||||
| Discount rates | 0.87% | ||||||||
| Volatility range | 140.20% | ||||||||
| Black Scholes Pricing Model [Member] | Participation Agreements [Member] | Minimum [Member] | |||||||||
| Discount rates | 0.41% | ||||||||
| Volatility range | 129.13% | ||||||||