Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURED SENIOR NOTE PAYABLE (Details Narrative)

v3.23.2
RESTRUCTURED SENIOR NOTE PAYABLE (Details Narrative)
3 Months Ended 12 Months Ended
Nov. 04, 2022
USD ($)
Aug. 17, 2022
USD ($)
Dec. 15, 2021
USD ($)
Jun. 30, 2023
USD ($)
$ / shares
Jun. 30, 2022
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Jun. 19, 2023
$ / shares
Jan. 20, 2023
USD ($)
Jan. 01, 2016
Short-Term Debt [Line Items]                    
Debt instrument interest rate percentage 12.00%                 2.00%
Share price | $ / shares               $ 0.047    
Change in fair value       $ 1,314,000          
December 15, 2021 Debenture [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument event of default description       Upon such an Event of Default, the interest rate increases to 18% per annum and the outstanding balance of the Note increases from 5% to 15%, depending upon the specific Event of Default            
Restructured Senior Note [Member].                    
Short-Term Debt [Line Items]                    
Debt instrument, fair value       $ 18,914,000            
Gain (loss) on extinguishment of debt       2,540,000            
Derivative fair value       12,290,000            
Fair value option, changes       $ 17,738,000     $ 30,028,000      
Share price | $ / shares       $ 0.16            
Fair value derivative       $ 21,870,000   $ 21,290,000        
Change in fair value       580,000   $ 2,376,000        
Revalued debt amount       $ 3,487,000            
Restructured Senior Note [Member]. | Measurement Input, Risk Free Interest Rate [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, measurement input       3.73            
Restructured Senior Note [Member]. | Measurement Input, Price Volatility [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, measurement input       117.77            
Restructured Senior Note [Member]. | Measurement Input, Share Price [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, measurement input       0.1017            
Securities Purchase Agreement [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument face amount                 $ 631,968  
Debt instrument interest rate percentage                 10.00%  
Repayments for debt   $ 3,000,000                
Debt instrument, fair value   $ 3,400,000                
Securities Purchase Agreement [Member] | December 15, 2021 Debenture [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument interest rate percentage   12.00% 12.00%              
Securities Purchase Agreement [Member] | December 15, 2021 Debenture [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument face amount   $ 5,433,333 $ 16,320,000              
Debt iInstrument, redemption, description     The “Redemption Repayment Price” equaled 90% multiplied by the average of the two lowest volume weighted average price per share of the Common Stock during the ten (10) trading days immediately preceding the date that the Investor delivers notice electing to redeem a portion of the Note. The redemption amount shall include an Exit Fee, consisting of a premium of 15% of the portion of the outstanding balance being paid. As the Exit Fee is to be included in every settlement of the Note, an additional 15% of the principal balance, which totals $2,448,000, was recognized along with the principal balance, and offset by a contra account in a manner similar to a debt discount. In addition to the Investor’s right of redemption, the Company has the option to prepay the Notes at any time prior to the Maturity Date by paying a premium of 15% plus the principal, interest, and fees owed as of the prepayment date              
Securities Purchase Agreement [Member] | December 15, 2021 Debenture [Member] | Debentures Subject to Mandatory Redemption [Member]                    
Short-Term Debt [Line Items]                    
Outstanding investor redeem     $ 1,000,000              
Amended and Restated Secured Promissory Note [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument face amount       $ 2,675,000            
Repayments for debt $ 10,000,000                  
Description for uplisted term and trigger Events Additional key modifications include i) uplist terms in which the Company was to cause the common stock to be listed for trading on either of (a) NYSE, or (b) NASDAQ, were removed, ii) Maturity date was modified from December 15, 2023 to 12 months from the Closing or termination of the Merger Agreement, provided not to be later than June 30, 2024, and iii) the outstanding balance of the Senior Note may be increased by 5% to 15% upon the occurrence of an event of default or failure to obtain the Lender’s consent or notify the Lender for certain major equity related transactions (“Trigger Events”). As of June 30, 2023, the Merger has not yet closed, and therefore the 2% of the outstanding balance was increased as of June 30, 2023