ASSET ACQUISITION (Details Narrative ) - USD ($) |
9 Months Ended | 12 Months Ended |
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Sep. 30, 2022 |
Dec. 31, 2021 |
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ASSET ACQUISITION | ||
Promissory note | $ 1,136,000 | $ 3,000,000.0 |
Interest rate | 3.50% | |
Cash payment | 1,750,000 | |
Aggregate purchase price | $ 2,886,000 | |
Nominal liabilities amount | $ 2,011,782 | |
Common stock acquire | 14,834 | |
Common stock to purchase | 18,500 |
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- Definition Sum of investments and unrestricted cash as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A device of credit enhancement where a part of the purchase price for the receivable/ payable is retained to serve as a cash collateral. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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