Derivative Financial Instruments (Details) - Schedule of derivative liabilities |
9 Months Ended |
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Sep. 30, 2022
USD ($)
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Derivative Financial Instruments (Details) - Schedule of derivative liabilities [Line Items] | |
Balance at December 31, 2021 | |
Issuance – June 13, 2022 | 3,232,399 |
Movement in fair value | (1,375,048) |
Balance at September 30, 2022 | 1,857,351 |
Conversion Feature [Member] | |
Derivative Financial Instruments (Details) - Schedule of derivative liabilities [Line Items] | |
Balance at December 31, 2021 | |
Issuance – June 13, 2022 | 1,610,000 |
Movement in fair value | (451,000) |
Balance at September 30, 2022 | 1,159,000 |
Warrants [Member] | |
Derivative Financial Instruments (Details) - Schedule of derivative liabilities [Line Items] | |
Balance at December 31, 2021 | |
Issuance – June 13, 2022 | 1,622,399 |
Movement in fair value | (924,048) |
Balance at September 30, 2022 | $ 698,351 |
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- References No definition available.
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- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) from changes in fair value classified as other for a contract to service financial assets under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. No definition available.
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