2024 Q4 Form 10-Q Financial Statement
#000107997324001566 Filed on November 18, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | ||
YoY Change | ||
Cost Of Revenue | $31.13K | |
YoY Change | -41.97% | |
Gross Profit | $31.71K | |
YoY Change | -804.64% | |
Gross Profit Margin | ||
Selling, General & Admin | $168.9K | |
YoY Change | -49.23% | |
% of Gross Profit | 532.52% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $28.86K | |
YoY Change | -9.72% | |
% of Gross Profit | 91.0% | |
Operating Expenses | $168.9K | |
YoY Change | -49.23% | |
Operating Profit | -$137.1K | |
YoY Change | -59.31% | |
Interest Expense | $192.9K | |
YoY Change | 18.7% | |
% of Operating Profit | ||
Other Income/Expense, Net | -$236.8K | |
YoY Change | 45.72% | |
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$374.0K | |
YoY Change | -25.14% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | $0.00 | |
Diluted Earnings Per Share | $0.00 | |
COMMON SHARES | ||
Basic Shares Outstanding | 260.2M shares | 260.2M shares |
Diluted Shares Outstanding | 260.2M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $2.326K | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $39.53K | |
Other Receivables | ||
Total Short-Term Assets | $41.86K | |
YoY Change | -82.57% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $175.9K | |
YoY Change | -59.5% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $175.9K | |
YoY Change | -65.85% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $41.86K | |
Total Long-Term Assets | $175.9K | |
Total Assets | $217.7K | |
YoY Change | -71.17% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.624M | |
YoY Change | -7.93% | |
Accrued Expenses | $1.858M | |
YoY Change | 111.59% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $8.399M | |
YoY Change | 14.24% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $8.399M | |
Total Long-Term Liabilities | ||
Total Liabilities | $8.399M | |
YoY Change | 14.24% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$57.35M | |
YoY Change | 2.99% | |
Common Stock | $260.2K | |
YoY Change | 0.39% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$8.182M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $217.7K | |
YoY Change | -71.17% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$374.0K | |
YoY Change | -25.14% | |
Depreciation, Depletion And Amortization | $28.86K | |
YoY Change | -9.72% | |
Cash From Operating Activities | ||
YoY Change | ||
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | ||
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | ||
YoY Change | ||
FREE CASH FLOW | ||
Cash From Operating Activities | ||
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
usd | ||
CY2023Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
usd | |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Pompano Beach | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
FL | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
33069 | ||
dei |
City Area Code
CityAreaCode
|
954 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
532-4653 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001448705 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
000-53574 | ||
CY2024Q3 | basa |
Sales Revenue Goods Net Rebar
SalesRevenueGoodsNetRebar
|
62836 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
65579 | usd | |
CY2024Q3 | basa |
Lease Liability Current Portion
LeaseLiabilityCurrentPortion
|
usd | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Basanite, Inc | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
20-4959207 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
2660 NW 15th Court | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Unit 108 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
260156796 | shares |
CY2024Q3 | us-gaap |
Cash
Cash
|
2326 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
55248 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
39532 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
40222 | usd |
CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
41858 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
95470 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
56915 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
175881 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
402271 | usd |
CY2024Q3 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
175881 | usd |
CY2023Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
459186 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
217739 | usd |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1624188 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1762390 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1857875 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1207545 | usd |
CY2024Q3 | basa |
Due To Shareholders
DueToShareholders
|
475000 | usd |
CY2023Q4 | basa |
Due To Shareholders
DueToShareholders
|
475000 | usd |
CY2024Q3 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
270000 | usd |
CY2023Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
270000 | usd |
CY2024Q3 | basa |
Notes Payable Related Party Current
NotesPayableRelatedPartyCurrent
|
2028000 | usd |
CY2023Q4 | basa |
Notes Payable Related Party Current
NotesPayableRelatedPartyCurrent
|
1750000 | usd |
CY2024Q3 | basa |
Notes Payable Related Party Classified Current
NotesPayableRelatedPartyClassifiedCurrent
|
2144357 | usd |
CY2023Q4 | basa |
Notes Payable Related Party Classified Current
NotesPayableRelatedPartyClassifiedCurrent
|
2144357 | usd |
CY2023Q4 | basa |
Lease Liability Current Portion
LeaseLiabilityCurrentPortion
|
56915 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7666207 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
8399421 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
7666207 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
260157 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
259157 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
48905681 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
48891681 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-57347520 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-56262389 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8181682 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7111551 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
217739 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
554656 | usd |
basa |
Sales Revenue Goods Net Rebar
SalesRevenueGoodsNetRebar
|
209176 | usd | |
basa |
Sales Revenue Goods Net Rebar
SalesRevenueGoodsNetRebar
|
317664 | usd | |
CY2023Q3 | basa |
Sales Revenue Goods Net Rebar
SalesRevenueGoodsNetRebar
|
49140 | usd |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
167223 | usd | |
CY2024Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
31127 | usd |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
53640 | usd |
us-gaap |
Gross Profit
GrossProfit
|
143597 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
150441 | usd | |
CY2024Q3 | us-gaap |
Gross Profit
GrossProfit
|
31709 | usd |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
-4500 | usd |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
508206 | usd | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1302699 | usd | |
CY2024Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
168856 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
508206 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1302699 | usd | |
CY2024Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
168856 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
332560 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-364609 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1152258 | usd | |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-137147 | usd |
basa |
Impairment Of Fixed Assets
ImpairmentOfFixedAssets
|
-43915 | usd | |
CY2024Q3 | basa |
Impairment Of Fixed Assets
ImpairmentOfFixedAssets
|
-43915 | usd |
us-gaap |
Interest Expense
InterestExpense
|
676607 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
435636 | usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
162529 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-720522 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-435636 | usd | |
CY2024Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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us-gaap |
Net Income Loss
NetIncomeLoss
|
-1085131 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1587894 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-373992 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-499589 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.002 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.002 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
260156796 | shares | |
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Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
260156796 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
259156796 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
260156796 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
260156796 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
259156796 | shares |
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Stockholders Equity
StockholdersEquity
|
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Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
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Profit Loss
ProfitLoss
|
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Stockholders Equity
StockholdersEquity
|
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Profit Loss
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|
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Stockholders Equity
StockholdersEquity
|
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Shipping And Handling Costs
ShippingAndHandlingCosts
|
0 | usd |
basa |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
551 | usd | |
CY2023Q3 | basa |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
350 | usd |
basa |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
9221 | usd | |
CY2019Q1 | basa |
Base Rent Obligation
BaseRentObligation
|
33825 | usd |
CY2024Q3 | us-gaap |
Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
|
3000 | usd |
us-gaap |
Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
|
9000 | usd | |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
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CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
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Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
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Preferred Stock Value
PreferredStockValue
|
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CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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Gain On Settlement Of Legal Contingency
GainOnSettlementOfLegalContingency
|
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basa |
Gain On Settlement Of Legal Contingency
GainOnSettlementOfLegalContingency
|
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Gain On Settlement Of Legal Contingency
GainOnSettlementOfLegalContingency
|
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Gain On Settlement Of Legal Contingency
GainOnSettlementOfLegalContingency
|
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Liquidated Damage Loan Commitment
LiquidatedDamageLoanCommitment
|
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basa |
Liquidated Damage Loan Commitment
LiquidatedDamageLoanCommitment
|
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CY2024Q3 | basa |
Liquidated Damage Loan Commitment
LiquidatedDamageLoanCommitment
|
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CY2023Q3 | basa |
Liquidated Damage Loan Commitment
LiquidatedDamageLoanCommitment
|
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us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
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CY2024Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
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basa |
Gain On Settlement Of Payable
GainOnSettlementOfPayable
|
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basa |
Gain On Settlement Of Payable
GainOnSettlementOfPayable
|
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CY2024Q3 | basa |
Gain On Settlement Of Payable
GainOnSettlementOfPayable
|
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CY2023Q3 | basa |
Gain On Settlement Of Payable
GainOnSettlementOfPayable
|
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CY2024Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
0 | usd |
us-gaap |
Payments For Rent
PaymentsForRent
|
0 | usd | |
CY2024Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
270000 | usd |
CY2023Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
299458 | usd |
CY2024Q3 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
0 | usd |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
0 | usd | |
CY2024Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
20100 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
57233 | usd | |
CY2023Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
17051 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
34102 | usd | |
CY2024Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
216864 | usd |
basa |
Impairment Of Fixed Assets
ImpairmentOfFixedAssets
|
usd | ||
CY2023Q3 | basa |
Impairment Of Fixed Assets
ImpairmentOfFixedAssets
|
usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
CY2024Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2023Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
basa |
Gain On Loan Forgiveness
GainOnLoanForgiveness
|
usd | ||
basa |
Gain On Loan Forgiveness
GainOnLoanForgiveness
|
usd | ||
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | ||
basa |
Increase Decrease In Subscription Liability
IncreaseDecreaseInSubscriptionLiability
|
usd | ||
basa |
Increase Decrease In Subscription Liability
IncreaseDecreaseInSubscriptionLiability
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | ||
basa |
Repayments Of Note Payable
RepaymentsOfNotePayable
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
CY2023Q4 | us-gaap |
Assets
Assets
|
554656 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
8399421 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
332560 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-337060 | usd |
CY2024Q3 | us-gaap |
Interest Expense
InterestExpense
|
192930 | usd |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
259156796 | shares |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-373992 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8181682 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6406438 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
64266 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-468454 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6810026 | usd |
CY2023Q2 | basa |
Shares Issued From Subscription Payable
SharesIssuedFromSubscriptionPayable
|
1300000 | usd |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-619581 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6130477 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-619581 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6130477 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1085131 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1587894 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
56915 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
72546 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
91639 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
96005 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
97205 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-51889 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-690 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
28505 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
646880 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
517297 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-56915 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-39367 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-330922 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-820824 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
278000 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
970000 | usd | |
basa |
Repayments Of Note Payable
RepaymentsOfNotePayable
|
64234 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
278000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
905766 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-52922 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
84942 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
55248 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
30340 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2326 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
114573 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
57300000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
56300000 | usd |
CY2024Q3 | basa |
Working Capital Deficiency
WorkingCapitalDeficiency
|
8800000 | usd |
CY2023Q4 | basa |
Working Capital Deficiency
WorkingCapitalDeficiency
|
7100000 | usd |
basa |
Net Cash Provided By Used In Operating Activity
NetCashProvidedByUsedInOperatingActivity
|
1100000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_843_eus-gaap--UseOfEstimates_zP9i48sAuSt6" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"><b><i>(A) <span id="xdx_862_zs1jATOH0SSb">Use of Estimates in Financial Statements</span></i></b></span></p> <p style="font: 10pt/10.6pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 25.5pt"><span style="font-family: Times New Roman, Times, Serif">The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 25.5pt"><span style="font-family: Times New Roman, Times, Serif">Stock-based compensation and stock awards related to convertible debt instruments are recognized based on the fair value of the awards granted. The fair value of each award or conversion feature is typically estimated on the grant date using the Black-Scholes pricing model. The Black-Scholes pricing model requires the input of highly subjective assumptions, including the fair value of the underlying Common Stock, the expected term of the option, the expected volatility of the price of our Common Stock, risk-free interest rates and the expected dividend yield of our Common Stock. The assumptions used to determine the fair value of the stock awards represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 25.5pt"><span style="font-family: Times New Roman, Times, Serif">The Company used the Black Scholes valuation model to determine the fair value of the warrants and options issued, using the following key assumptions for the three and six months ended September 30, 2024, and 2023, respectively:</span></p> <p style="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 25.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_zDoJfGYc0Qz1" style="font: 11pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span id="xdx_8B6_zDYHVEEdeyR3" style="display: none">Schedule of fair value assumptions of warrants and options issued</span></td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-family: Times New Roman, Times, Serif; font-weight: bold; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"><b>Nine months</b></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"><b>ended </b></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">September </span><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"><b>30, 2024</b></span></p></td><td style="padding-bottom: 1pt; font-family: Times New Roman, Times, Serif; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1pt solid; font: bold 8pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1pt solid; font: bold 8pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"><b>Nine months ended September 30, 2023</b></span></td><td style="font: bold 8pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 66%"><span style="font-family: Times New Roman, Times, Serif">Expected price volatility</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_dp0_c20240101__20240930_zMeZILjPAB7a" title="Expected price volatility">—</span> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_dp0_c20230101__20230930_zPJJBoTAhbLa" title="Expected price volatility">—</span> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Risk-free interest rate</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_dp0_c20240101__20240930_zb7ljgabNGE2" title="Risk-free interest rate">—</span> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_dp0_c20230101__20230930_zSZsbqRfwycd" title="Risk-free interest rate">—</span> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Expected life in years</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">— </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">— </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Dividend yield</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments_pp0p0_dp0_c20240101__20240930_zuqgeKcGJqPl" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Dividend yield"><span style="font-family: Times New Roman, Times, Serif">— </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments_pp0p0_dp0_c20230101__20230930_znyj13BzKiwk" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Dividend yield"><span style="font-family: Times New Roman, Times, Serif">— </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8AB_zYIeOETWXfR3" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
|
0 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
|
0 | usd | |
CY2024Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
797466 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
931438 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
621585 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
529167 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
175881 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
402271 | usd |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
28855 | usd |
us-gaap |
Depreciation
Depreciation
|
91639 | usd | |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
31962 | usd |
us-gaap |
Depreciation
Depreciation
|
100670 | usd | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
130846509 | shares | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
134789603 | shares |
CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15000 | usd | |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
159630 | usd |
basa |
Notes Payable Related Party Textblock
NotesPayableRelatedPartyTextblock
|
<p id="xdx_806_ecustom--NotesPayableRelatedPartyTextblock_zAjlGoHeS3V6" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 5 – <span id="xdx_82C_zHZ16gM2vCK9">NOTES PAYABLE – RELATED PARTY</span></b></span></p> <p style="font: 10pt/10.8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"><span style="font-family: Times New Roman, Times, Serif">Notes payable - related party totaled $<span id="xdx_90E_ecustom--NotesPayableRelatedPartyCurrentAndNoncurrent_c20240930_pp0p0" title="Notes payable - related party">2,028,000</span> September 30, 2024 and $<span id="xdx_905_ecustom--NotesPayableRelatedPartyCurrentAndNoncurrent_c20231231_pp0p0" title="Notes payable - related party">1,750,000</span> December 31, 2023, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On January 16, 2020, the Company entered into a demand note agreement with our Board Chairman, Michael V. Barbera, in the amount of $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_c20200116__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">50,000</span>. The note has a term of 6 months bearing an interest rate of <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20200116__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum. On April 13, 2020, an addendum was executed, changing the terms of the note to a convertible note payable bearing an interest rate of <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20200413__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">12%</span> per annum. Per the addendum, the principal and accrued interest is convertible at the option of the holder after June 5, 2020, at a 20% discount of that days’ closing price. See Note 6 for information regarding this convertible note payable – related party.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On April 2, 2021, the Company issued a promissory note with Paul Sallarulo, a member of our Board of Directors, in exchange for $<span id="xdx_904_eus-gaap--DebtInstrumentFaceAmount_c20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_905_eus-gaap--DebtInstrumentMaturityDate_c20210401__20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">October 2, 2022</span>. The company also issued <span id="xdx_906_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Issuance of shares">1,500,000</span> common stock warrants at an exercise price of $<span id="xdx_907_eus-gaap--WarrantExercisePriceDecrease_c20210401__20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Warrants exercise price">0.20</span> per share expiring in <span id="xdx_90F_eus-gaap--DebtInstrumentTerm_dtY_c20210401__20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_zIxqX6euIZvg" title="Debt instrument, term">5</span> years. The note was not paid by its due date. On April 2, 2022, the due date of this note was extended to <span id="xdx_908_eus-gaap--DebtInstrumentMaturityDate_c20220401__20220402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 1, 2024</span>. As of the date of this report, the note has not been called.</span></p> <p style="font: 10pt/10.8pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On April 2, 2021, the Company issued a promissory note with Michael V. Barbera, our Chairman of the Board, in exchange for $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_c20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_907_eus-gaap--DebtInstrumentMaturityDate_c20210401__20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">October 2, 2022</span>. The company also issued <span id="xdx_906_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Issuance of shares">1,500,000</span> common stock warrants at an exercise price of $<span id="xdx_909_eus-gaap--WarrantExercisePriceDecrease_c20220401__20220402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Warrants exercise price">0.20</span> per share expiring in <span id="xdx_90A_eus-gaap--DebtInstrumentTerm_dtY_c20220401__20220402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_zd0Au8N1u9s8" title="Debt instrument, term">5</span> years. The note was not paid by its due date. On April 2, 2022, the due date of this note was extended to <span id="xdx_905_eus-gaap--DebtInstrumentMaturityDate_c20220401__20220402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 1, 2024</span>. As of the date of this report, the note has not been called.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 31, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">37,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220830__20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 31, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 22, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">20,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220821__20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 22, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 22, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">5,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220821__20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">August 22, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 29, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_902_eus-gaap--DebtInstrumentFaceAmount_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">25,000</span> bearing an interest rate of <span id="xdx_902_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_909_eus-gaap--DebtInstrumentMaturityDate_c20220828__20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 29, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 29, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_c20220828__20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">August 29, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 31, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">13,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220830__20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">August 31, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 9, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_901_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">60,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_90B_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 16, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 9, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_90D_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">September 9, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 9, 2022, the Company issued a promissory note to a strategic partner in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote2Member_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote2Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote2Member" title="Maturity date">September 9, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 9, 2022, the Company issued a promissory note to a strategic partner in exchange for $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote3Member_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote3Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote3Member" title="Maturity date">September 9, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 9, 2022, the Company issued a promissory note to an investor and advisor to the board, in exchange for $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote4Member_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote4Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote4Member" title="Maturity date">September 9, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 22, 2022, the Company issued a promissory note to a board member in exchange for $<span id="xdx_904_eus-gaap--DebtInstrumentFaceAmount_c20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">42,500</span> bearing an interest rate of <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_904_eus-gaap--DebtInstrumentMaturityDate_c20220921__20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">September 22, 2024</span>.</span></p> <p style="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On February 14, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20230214__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">10,000 </span>bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230214__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDate_c20230213__20230214__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">February 13, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On February 24, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20230224__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">50,000</span> bearing an interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230224__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_c20230223__20230224__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">February 23, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On March 3, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_c20230303__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230303__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_c20230301__20230303__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">March 2, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On March 24, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_c20230324__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230324__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDate_c20230323__20230324__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">March 23, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On April 12, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20230412__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230412__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDate_c20230411__20230412__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 11, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On April 28, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_c20230428__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_90E_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230428__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_900_eus-gaap--DebtInstrumentMaturityDate_c20230427__20230428__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 27, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On May 12, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20230512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_c20230511__20230512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">May 11, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On June 5, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20230605__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230605__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20230604__20230605__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">June 4, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On July 25, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_c20230625__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">200,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230625__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_c20230624__20230625__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">July 24, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 11, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20230910__20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">September 10, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 11, 2023, the Company issued a promissory note to an advisor to the board in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">50,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20230910__20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">September 10, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On November 2, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90D_eus-gaap--DebtInstrumentFaceAmount_c20231102__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20231102__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDate_c20231101__20231102__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">November 1, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On December 12, 2023, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_c20231212__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">75,000</span> bearing an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20231212__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_c20231201__20231212__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">December 11, 2024</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On January 9, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20240109__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">23,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240109__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20240108__20240109__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">January 8, 2025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On March 6, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90B_eus-gaap--DebtInstrumentFaceAmount_c20240306__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">40,000</span> bearing an interest rate of <span id="xdx_90A_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240306__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_908_eus-gaap--DebtInstrumentMaturityDate_c20240305__20240306__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">March 5, 2025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On March 21, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20240321__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240321__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDate_c20240320__20240321__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">March 20, 2025</span>.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On May 12, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_c20240512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">25,000</span> bearing an interest rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDate_c20240511__20240512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">May 11, 2025</span>.</span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On June 26, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_c20240626__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_90F_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240626__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_c20240625__20240626__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">June 25, 2025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On August 13, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_c20240813__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">25,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240813__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_c20240812__20240813__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 12, 2025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">On September 6, 2024, the Company issued a promissory note to a board member in exchange for $<span id="xdx_900_eus-gaap--DebtInstrumentFaceAmount_c20240906__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">50,000</span> bearing an interest rate of <span id="xdx_90C_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20240906__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90D_eus-gaap--DebtInstrumentMaturityDate_c20240905__20240906__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">September 5, 2025</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/117% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">Interest expense for the Company’s notes payable – related party for the three and nine months ended September 30, 2024, was $<span id="xdx_90E_eus-gaap--InterestExpenseOther_pp0p0_c20240701__20240930_zr6FXQadtlBa" title="Interest expense">109,503</span> and $<span id="xdx_904_eus-gaap--InterestExpenseOther_pp0p0_c20240101__20240930_zKDL5s6R2sRe" title="Interest expense">297,720</span> respectively.</span></p> <p style="font: 10pt/117% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/117% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">Interest expense for the Company’s notes payable – related party for the three and nine months ended September 30, 2023, was $<span id="xdx_904_eus-gaap--InterestExpenseOther_pp0p0_c20230701__20230930_zOY581HmGUEe" title="Interest expense">55,167</span> and $<span id="xdx_905_eus-gaap--InterestExpenseOther_pp0p0_c20230101__20230930_zIftkHdtTU34" title="Interest expense">113667</span>, respectively.</span></p> <p style="font: 10pt/117% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt/117% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"><span style="font-family: Times New Roman, Times, Serif">Accrued interest for the Company’s notes payable - related party on September 30, 2024, and December 31, 2023, was $<span id="xdx_905_eus-gaap--InterestReceivableCurrent_c20240930_pp0p0" title="Accrued interest">1,694,362</span> and $<span id="xdx_903_eus-gaap--InterestReceivableCurrent_c20231231_pp0p0" title="Accrued interest">997,284</span>, respectively, and is included in accrued expenses on the accompanying condensed consolidated balance sheets.</span></p> | ||
CY2024Q3 | basa |
Notes Payable Related Party Current And Noncurrent
NotesPayableRelatedPartyCurrentAndNoncurrent
|
2028000 | usd |
CY2023Q4 | basa |
Notes Payable Related Party Current And Noncurrent
NotesPayableRelatedPartyCurrentAndNoncurrent
|
1750000 | usd |
CY2024Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
109503 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
297720 | usd | |
CY2023Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
55167 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
113667 | usd | |
CY2024Q3 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
1694362 | usd |
CY2023Q4 | us-gaap |
Interest Receivable Current
InterestReceivableCurrent
|
997284 | usd |
CY2024Q3 | basa |
Notes Payable Related Party Noncurrent
NotesPayableRelatedPartyNoncurrent
|
2144357 | usd |
CY2023Q4 | basa |
Notes Payable Related Party Noncurrent
NotesPayableRelatedPartyNoncurrent
|
2144357 | usd |
CY2022Q2 | basa |
Liquidated Damages
LiquidatedDamages
|
53345 | usd |
CY2024Q3 | basa |
Liquidated Damages
LiquidatedDamages
|
480000 | usd |
basa |
Definitive Securities Purchase Agreements Description
DefinitiveSecuritiesPurchaseAgreementsDescription
|
the Company entered into definitive securities purchase agreements with 19 accredited investors and issued an aggregate of 19,398,144 shares of common stock, Warrant A to purchase up to an aggregate of 19,398,144 shares of common stock, and Warrant B to purchase up to an aggregate of 19,398,144 shares of Common Stock (for an aggregate of 38,796,288 Warrant Shares), for aggregate gross proceeds to the Company of approximately $5,334,490. Costs of the offering in the amount of $611,603 were charged to additional paid in capital. As of December 31, 2022, the Company also accrued the amount of $386,759 as liquidated damages due to the investors in the Company’s August 2021 private placement, such liquidated damages being related to the Company’s failure to timely file a registration statement on Form S-1 for an underwritten public offering and concurrent listing of the Common Stock on a national exchange. | ||
CY2024Q4 | basa |
Number Of Options To Purchase
NumberOfOptionsToPurchase
|
25000000 | shares |
CY2024Q4 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.0275 | |
CY2024Q4 | basa |
Option Grant Description
OptionGrantDescription
|
A description of the 5,000,000 options granted to the Company’s Interim Chief Executive Officer is described under Item 5.02. One of the three advisors received five-year options to purchase 10,000,000 common shares which vest 3,000,000 on October 2, 2024, 3,000,000 which vest upon the completion of $1 million of aggregate financing and an additional 4,000,000 upon the anniversary of the first 90-day period that the Company achieves operational break even as defined in the Advisory Agreement. A second advisor received five-year options to purchase 2,500,000 shares which vest 1,250,000 shares on October 2, 2024, and the remaining 1,250,000 options vest upon the completion of a minimum of $1,000,000 of aggregate financing into the Company. The third advisor received five-year options to purchase 7,500,000 shares which vest 3,750,000 shares on October 2, 2024 and the remaining 3,750,000 options vest upon the completion of a minimum of $1,000,000 of aggregate financing into the Company. | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |