Subordinated Convertible Promissory Notes (Details Narrative) - USD ($) |
1 Months Ended | 6 Months Ended | ||||
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Mar. 15, 2021 |
Aug. 31, 2021 |
Aug. 17, 2021 |
Jan. 27, 2021 |
Oct. 31, 2020 |
Jun. 30, 2021 |
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Subordinated convertible promissory notes | $ 3,000,000 | |||||
Notes payable | 1,145,000 | |||||
Notes payable related parties | $ 1,255,000 | 1,730,000 | ||||
Notes payable non related parties | $ 311,000 | $ 125,000 | ||||
Maturity date | Dec. 31, 2021 | Jul. 17, 2021 | ||||
Bear interest rate | 4.00% | |||||
20% Discount rate for preferred shares | $ 10,000,000 | |||||
Stock converted | 65,823,015 | |||||
Series A | ||||||
Proceeds from Series A financing | $ 10,000,000 | |||||
Net of debt discount costs | $ 28,301 | |||||
Amortized debt discount costs | $ 13,970 | |||||
Minimum | ||||||
Increase convertible promissory notes | 3,000,000 | |||||
Maximum | ||||||
Increase convertible promissory notes | $ 5,000,000 | |||||
Notes Payable [Member] | ||||||
Debt conversion amount converted | $ 180,434 | |||||
Debt conversion converted instrument shares issued | 32,219 | |||||
Series 1d Preferred Stock | ||||||
Notes payable | $ 4,391,000 | |||||
Stock converted | 5,379,247 | |||||
Interest payable | $ 73,801 |
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- Definition Amount of amortization expense attributable to debt discount (premium) and debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 Including the current and noncurrent portions, the carrying value of convertible subordinated debt, as of the balance sheet date, initially scheduled to be repaid after one year or beyond the normal operating cycle if longer. This form of debt can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder, and places a lender in a lien position behind debt having a higher priority of repayment in liquidation of the entity's assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) during the reporting period in current portion (due within one year or one business cycle) of obligations evidenced by formal promissory notes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount for notes payable (written promise to pay), payable to related parties, which are due after one year (or one business cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Stated interest rate of the subordinated debt. No definition available.
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