Warrants (Details) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|---|---|
Apr. 13, 2023 |
Dec. 29, 2022 |
Sep. 23, 2022 |
Jun. 30, 2022 |
Mar. 31, 2023 |
Sep. 30, 2022 |
Dec. 31, 2022 |
Mar. 31, 2023 |
Jun. 30, 2022 |
|
Warrants (Details) [Line Items] | |||||||||
Warrant issued | 4,000,000 | 4,000,000 | |||||||
Volatility rate | 124.14% | 143.39% | 121.88% | 143.39% | |||||
Risk-free rate | 3.91% | 1.25% | |||||||
Warrant description | Certain warrants in the below table include dilution protection for the warrant holders, which could cause the exercise price to be adjusted either higher or lower as a result of various financing events and stock transactions. The result of the warrant exercise price downward adjustment on modification date is treated as a deemed dividend and fully amortized on the transaction date. In addition to the reduction in exercise price, with certain wararnts there is a corresponding increase to the number of warrants to the holder on a prorated basis. Under certain conditions, such as the successful retirement of a convertible note through repayment, it is possible for the exercise price of these warrants to increase and for the number of warrants outstanding to decrease. | ||||||||
Aggregate of shares | 3,231,697 | ||||||||
Stock purchase warrants | 4,023,182 | 4,050,000 | |||||||
Purchase warrants description | During the nine months ended March 31, 2023 the Company issued 1,871,800 warrants to various subscribers under its Tier 2 offering pursuant to Regulation A (also known as “Regulation A+”) pursuant to which the Company is offering up to 5,000,000 units at a price of $0.50 per unit, each unit consisting of 4 shares of common stock and 4 common stock purchase warrants (“Unit”) for exercise at at a strike price per Share equal to 125% of the price per share of common stock, or $0.15625 per share with a term of 2 years. The Company valued these warrants using the Black Scholes model on each closing date utilizing a volatility between 106.15% and 111.39% and a risk-free rate ranging from 4.21% and 4.61%. | ||||||||
Aggregate intrinsic value (in Dollars) | $ 11,650 | $ 1,713,260 | |||||||
Returnable warrants issued | 18,956,523 | 7,000,000 | |||||||
Promissory note dated | Sep. 23, 2022 | ||||||||
Additional financing costs in cumulative amount (in Dollars) | $ 642,140 | ||||||||
Common stock in exchange | 10,869,566 | 3,800,000 | |||||||
Returnable warrants | 10,640,000 | 10,869,566 | |||||||
Cumulative amount (in Dollars) | $ 703,440 | $ 703,440 | |||||||
Common Stock [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Shares issued | 655,000 | 8,700,000 | |||||||
Aggregate of shares | 3,231,697 | ||||||||
Warrant [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Warrant issued | 8,700,000 | 8,700,000 | |||||||
Volatility rate | 151.07% | 151.07% | |||||||
Risk-free rate | 0.79% | ||||||||
Warrant Strike Price (in Dollars per share) | $ 0.2626 | ||||||||
Warrant term | 5 years | ||||||||
Warrant description | During the nine months ended March 31, 2023, 2,800,000 warrants were issued to the holder of an outstanding promissory note with an initial exercise price of $0.225 per share, 280,000 warrants were concurrently issued to the Placement Agent with an initial exercise price of $0.225, and a further 119,260 warrants were issued to the Placement Agent with initial exercise price of $0.27 per share. The Company valued these warrants using the Black Scholes model utilizing a 122.42% volatility and a risk-free rate of 3.91%. On October 4, 2022, the Company and the Placement Agent entered into an Addendum to amend their Letter of Engagement to cancel compensatory warrants to purchase 280,000 shares of common stock of the Company and to cancel returnable compensatory warrants to purchase 700,000 shares of Common Stock of the Company for a one time cash payment of $35,000 and the issuance of 500,000 shares of Common Stock in full satisfaction of compensation earned. | ||||||||
Placement agent warrants | 333,230 | ||||||||
First Warrants [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Cumulative promissory notes share | 10,480,000 | ||||||||
Placement agent warrants | 2,949,000 | ||||||||
Second Warrants [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Cumulative promissory notes share | 10,640,000 | ||||||||
Placement agent warrants | 182,000 | ||||||||
Returnable Warrants [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Initial exercise price (in Dollars per share) | $ 0.3 | ||||||||
Minimum [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Volatility rate | 111.36% | 111.36% | |||||||
Risk-free rate | 3.41% | ||||||||
Minimum [Member] | Warrant [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Initial exercise prices per share (in Dollars per share) | $ 0.08 | ||||||||
Maximum [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Volatility rate | 112.33% | 112.33% | |||||||
Risk-free rate | 4.18% | ||||||||
Maximum [Member] | Warrant [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Initial exercise prices per share (in Dollars per share) | $ 0.12 | ||||||||
Black Scholes Model [Member] | Warrant [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Exercise price (in Dollars per share) | 0.14364 | ||||||||
Strike price (in Dollars per share) | $ 0.25 | ||||||||
Warrant [Member] | Common Stock [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Exercise price (in Dollars per share) | $ 0.2919 | ||||||||
Placement [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Warrant issued | 878,260 | 878,260 | |||||||
Exercise price (in Dollars per share) | $ 0.25 | ||||||||
Warrant Agreement [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Strike price (in Dollars per share) | $ 0.125 | ||||||||
Volatility rate | 121.75% | 121.75% | |||||||
Warrant term | 5 years | ||||||||
Issuance of warrants | 100,000 | ||||||||
Risk free rate | 4.06% | ||||||||
B Preferred [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Shares issued | 1,310 | 1,740 | |||||||
B Preferred [Member] | Warrant [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Warrant issued | 6,550,000 | 6,550,000 | |||||||
Exercise price (in Dollars per share) | $ 0.14364 | ||||||||
Ownership [Member] | Returnable Warrants [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Ownership percentage | 4.99% | ||||||||
Convertible Notes Payable [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Returnable warrants | 182,000 | ||||||||
Black Scholes [Member] | Minimum [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Volatility rate | 111.36% | 111.36% | |||||||
Risk-free rate | 3.41% | ||||||||
Black Scholes [Member] | Maximum [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Volatility rate | 112.33% | 112.33% | |||||||
Risk-free rate | 4.18% | ||||||||
Black Scholes Model [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Risk-free rate | 3.94% | ||||||||
Financing costs (in Dollars) | $ 1,085,780 | ||||||||
Warrant Agreement [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Warrant issued | 100,000 | 100,000 | |||||||
Lock-Up Agreement [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Strike price (in Dollars per share) | $ 0.3 | ||||||||
Volatility rate | 103.60% | 103.60% | |||||||
Risk-free rate | 4.30% | ||||||||
Warrant term | 1 year | ||||||||
MFN Agreement [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Returnable warrants issued | 5,434,785 | ||||||||
Placement Agent [Member] | |||||||||
Warrants (Details) [Line Items] | |||||||||
Returnable warrants issued | 1,086,957 |