SCHEDULE OF DESCRIPTION EQUITY METHOD INVESTMENT (Details) - USD ($) |
4 Months Ended | 12 Months Ended | |||
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Dec. 31, 2022 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Equity Method Investments and Joint Ventures [Abstract] | |||||
August 30, 2022, beginning balance | $ 7,000,000 | ||||
Equity in net loss of affiliate | (1,734,576) | $ (1,734,576) | |||
Depreciation expense due to cost basis difference | [1] | (33,032) | (33,032) | ||
Interest earned from convertible note receivable | 20,445 | 20,445 | |||
Interest earned from amortization of premium on convertible note receivable | 14,368 | 14,368 | |||
Elimination of intercompany interest earned | (6,680) | (6,680) | |||
December 31, 2022, carrying amount | $ 5,260,525 | 5,260,525 | |||
Equity in net loss of affiliate | $ (1,739,475) | ||||
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- Definition Depreciation expense due to cost basis difference. No definition available.
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- Definition Elimination of intercompany interest earned. No definition available.
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- Definition Interest earned from amortization of premium on convertible note receivable. No definition available.
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- References No definition available.
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- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of income (loss) including portion attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest income from interest-earning asset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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