Related party (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Feb. 27, 2024 |
Jan. 31, 2023 |
Nov. 29, 2016 |
Mar. 31, 2024 |
Mar. 31, 2023 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Oct. 28, 2022 |
|
Interest expenses from secured note payable | $ 32,220 | $ 4,809 | ||||||
Unamortized balance of discount | 0 | $ 32,220 | ||||||
Proceeds from issuance of equity securities | 4,500,000 | |||||||
License fee | $ 12,500 | |||||||
Description of AC Midwest Amendment | the Company paid AC Midwest $275,625 representing the remaining principal balance under the AC Midwest Secured Note of $271,686 plus interest of $3,939 | |||||||
Interest expense | $ 245,817 | 335,580 | ||||||
MEEC [Member] | ||||||||
Yearly payment description | the interest rate on the remaining principal balance was reduced from 15.0% to 9.0% per annum | |||||||
Dakin [Member] | ||||||||
License fee | $ 37,500 | 37,500 | ||||||
License fee due | 0 | 25,000 | ||||||
Kaye Cooper Kay & Rosenberg, LLP [Member] | ||||||||
Related party debt | 33,333 | 33,333 | ||||||
Legal services expense | 100,694 | 91,752 | ||||||
AC Midwest Subordinated Note [Member] | ||||||||
Discount on debentures | $ 6,916,687 | |||||||
Market rate of interest | 21.00% | |||||||
Principal outstanding on notes | $ 13,154,931 | |||||||
Maturity Date | Dec. 15, 2020 | |||||||
Fair Value of sharing profit | $ 488,274 | |||||||
AC Midwest Unsecured Note [Member] | ||||||||
Capital Contribution | 3,234,469 | |||||||
AC Midwest Unsecured Note [Member] | AC Midwest [Member] | ||||||||
Interest rate | 2.00% | |||||||
Principal outstanding on notes | $ 9,040,000 | |||||||
Outstanding principal balance of unsecured debt | $ 4,114,931 | |||||||
Repayment of debt description | the Company held by AC Midwest for a purchase price of no less than $960,000, which amount shall be applied as a credit against the principal balance due on the New Note dollar for dollar, or pay AC Midwest $960,000 toward the principal balance due on the New Note. The private sale of shares for the purchase price of $960,000 was completed on March 11, 2024 | |||||||
Interest expense | 209,224 | 324,658 | ||||||
Unamortized balance of debt discount | 0 | 2,175,208 | ||||||
Capital charge | $ 1,005,984 | |||||||
Profit Share Member | ||||||||
Capital Contribution | 11,833,179 | |||||||
Principal outstanding on notes | $ 17,654,931 | |||||||
Profit share amount | $ 17,654,931 | |||||||
Restructed profit share percentage | 75.00% | |||||||
Granted profit participation preference equal to amount | $ 7,900,000 | |||||||
Repayment of Profit share liability | $ 7,900,000 | |||||||
Annual market interest rate | 14.55% | |||||||
Description of Profit share liability | the projected full repayment of the profit share liability of $17,654,931 upon the receipt of Net Litigation Proceeds in 2025, and an annual market interest rate of 14.55% | |||||||
Discount Rate to market price | 20.00% | |||||||
Fair value of profit share | $ 3,389,043 | |||||||
Secured Note [Member] | ||||||||
Interest expenses, secured note | 4,279 | $ 6,113 | ||||||
Capital Contribution | $ 54,983 | |||||||
Interest rate | 15.00% | |||||||
Principal outstanding on notes | $ 0 | $ 271,686 | ||||||
Maturity Date | Dec. 15, 2018 |