PATENT ACQUISITION (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
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May 19, 2021 |
Mar. 31, 2018 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Partnership prcentage | 100 | |||||
Amortization expense | $ 367,500 | $ 0 | $ 514,000 | |||
Fair value of shares | 0 | $ 610,000 | ||||
Patents Purchase Agreement [Member] | ||||||
Partnership prcentage | 50 | |||||
Total amortization | $ 1,950,000 | |||||
Amortization expense | $ 97,500 | $ 244,000 | ||||
Patent purchase price | $ 2,000,000 | |||||
Issuance of common stock | 9,900,990 | |||||
Market value price per share | $ 0.505 | |||||
Cost of acquisition | $ 7,000,000 | |||||
Fair value of shares | 5,000,000 | |||||
Consideration of amortization per year | $ 390,000 |
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- Definition Percentage of subsidiary's or equity investee's stock owned by parent company after stock transaction. No definition available.
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- References No definition available.
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- Definition The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
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- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of shares of stock issued attributable to transactions classified as other. No definition available.
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- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
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- Details
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