SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|
Aug. 06, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Jul. 31, 2024 |
Dec. 31, 2023 |
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Subsequent Event [Line Items] | |||||||||
Cash | $ 469,049 | $ 469,049 | $ 427,961 | ||||||
Working capital deficit | 8,155,204 | 8,155,204 | |||||||
Net loss | (2,630,049) | $ (2,733,646) | $ (4,982,127) | $ (2,695,148) | (5,363,695) | $ (7,677,275) | |||
Cash in operating activities | (4,104,671) | (4,033,143) | |||||||
Accounts payable and accrued expenses | 4,967,053 | 4,967,053 | |||||||
Convertible debt, cash true up obligation | 1,484,677 | 1,484,677 | 1,484,677 | ||||||
Lot sale obligations | 451,550 | 451,550 | |||||||
Convertible debt face amount | 3,531,722 | 3,531,722 | |||||||
Loans Payable | 611,073 | 611,073 | |||||||
Operating lease liabilities, current | 276,440 | 276,440 | 250,711 | ||||||
Finance lease liabilities, current | 11,701 | 11,701 | |||||||
Other current liabilities | 78,731 | 78,731 | 254,768 | ||||||
Operating lease liabilities, non-current | 936,201 | 936,201 | 1,077,697 | ||||||
Finance lease liabilities, non-current | 62,757 | 62,757 | |||||||
Accrued expenses and other liabilities | 18,648 | 18,648 | |||||||
Convertible promissory notes | 669,303 | 5,000,000 | |||||||
Gain on foreign currency translation | 23,602 | $ 102,916 | 33,585 | $ 214,708 | |||||
Cash, FDIC insured amount | 250,000 | 250,000 | |||||||
Cash uninsured amount | $ 106,378 | $ 106,378 | $ 93,878 | ||||||
Subsequent Event [Member] | Preferred Shares Convertible Notes [Member] | |||||||||
Subsequent Event [Line Items] | |||||||||
Convertible promissory notes | $ 1,290,400 | ||||||||
Interest rate | 8.50% | ||||||||
Debt instrument conversion price | $ 100.00 |
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- Definition Accrued cash true up obligation. No definition available.
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- References No definition available.
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- Definition Lot sale obligations. No definition available.
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- Definition Working capital deficit. No definition available.
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- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other. 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. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition The amount of cash as of the balance sheet date that is not insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition Amount of debt and lease obligation, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Present value of lessee's discounted obligation for lease payments from finance lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Present value of lessee's discounted obligation for lease payments from finance lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the issuance of a long-term debt instrument which 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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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