NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) - Notes Payable, Other Payables [Member] - USD ($) |
12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2024 |
Feb. 22, 2024 |
Dec. 31, 2023 |
Jan. 04, 2022 |
Dec. 21, 2021 |
Dec. 01, 2021 |
May 31, 2024 |
May 31, 2023 |
Dec. 21, 2012 |
|
Debenture 1 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 250,000 | ||||||||
Interest payable | payable quarterly commencing six months after issuance | ||||||||
Interest Rate | 15.00% | ||||||||
Warrants (in Shares) | 75,758 | ||||||||
Maturity | Jul. 10, 2024 | ||||||||
Warrants at an exercise price of (in Dollars per share) | $ 1.65 | ||||||||
Payments | The Company shall make additional quarterly payments under Debenture 1 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year. | ||||||||
Discount | $ 28,464 | $ 17,223 | |||||||
Original issue discount | 37,500 | $ 187,000 | |||||||
Accrued interest | $ 29,791 | $ 37,500 | |||||||
Gain on extinguishment of debt | 127,964 | 37,500 | |||||||
principal payments | 250,000 | 0 | |||||||
Amortized discounts | $ 48,906 | 79,248 | |||||||
Debenture 2 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 250,000 | ||||||||
Interest payable | payable quarterly commencing six months after issuance | ||||||||
Interest Rate | 15.00% | ||||||||
Warrants (in Shares) | 75,758 | ||||||||
Maturity | Jul. 10, 2024 | ||||||||
Warrants at an exercise price of (in Dollars per share) | $ 1.65 | ||||||||
Payments | The Company shall make additional quarterly payments under Debenture 2 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year. | ||||||||
Discount | 6,501 | $ 10,428 | |||||||
Original issue discount | 37,500 | $ 187,000 | |||||||
Accrued interest | $ 13,256 | 37,500 | |||||||
Gain on extinguishment of debt | 111,807 | ||||||||
principal payments | 53,750 | 0 | |||||||
Amortized discounts | $ 50,996 | $ 76,617 | |||||||
Debenture 3 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 500,000 | ||||||||
Interest payable | payable quarterly commencing nine months after issuance | ||||||||
Interest Rate | 15.00% | ||||||||
Warrants (in Shares) | 151,516 | ||||||||
Maturity | Jul. 10, 2024 | Oct. 31, 2024 | |||||||
Warrants at an exercise price of (in Dollars per share) | $ 1.65 | ||||||||
Payments | The Company shall make additional quarterly payments under Debenture 3 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year. | ||||||||
Discount | 52,946 | $ 19,335 | |||||||
Original issue discount | 75,000 | $ 375,000 | |||||||
Accrued interest | $ 47,084 | $ 75,000 | |||||||
Gain on extinguishment of debt | 248,190 | ||||||||
principal payments | 500,000 | 0 | |||||||
Settled amounts | $ 1,250,000 | ||||||||
Shares return (in Shares) | 13,174,402 | ||||||||
Warrants cancellation (in Shares) | 454,548 | ||||||||
Recognized amount | $ 596,949 | ||||||||
Discount charged to operations | $ 80,443 | $ 152,646 | |||||||
Debenture 4 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 500,000 | ||||||||
Interest payable | payable quarterly commencing nine months after issuance | ||||||||
Interest Rate | 15.00% | ||||||||
Warrants (in Shares) | 151,516 | ||||||||
Maturity | Jul. 10, 2024 | Oct. 31, 2024 | |||||||
Warrants at an exercise price of (in Dollars per share) | $ 1.65 | ||||||||
Payments | The Company shall make additional quarterly payments under Debenture 4 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year. | ||||||||
Discount | 52,509 | $ 17,154 | |||||||
Original issue discount | 75,000 | 375,000 | |||||||
Accrued interest | $ 47,084 | $ 75,000 | |||||||
Gain on extinguishment of debt | 244,859 | ||||||||
principal payments | 500,000 | 0 | |||||||
Settled amounts | $ 1,250,000 | ||||||||
Shares return (in Shares) | 13,174,402 | ||||||||
Warrants cancellation (in Shares) | 454,548 | ||||||||
Recognized amount | $ 596,949 | ||||||||
Discount charged to operations | 82,410 | 156,862 | |||||||
Interest payments | $ 30,417 | $ 49,167 | |||||||
Debenture 5 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 500,000 | ||||||||
Interest payable | payable quarterly commencing nine months after issuance | ||||||||
Interest Rate | 15.00% | ||||||||
Warrants (in Shares) | 151,516 | ||||||||
Maturity | Jul. 10, 2024 | Oct. 31, 2024 | |||||||
Warrants at an exercise price of (in Dollars per share) | $ 1.65 | ||||||||
Payments | The Company shall make additional quarterly payments under Debenture 5 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year. | ||||||||
Discount | $ 17,154 | $ 52,509 | |||||||
Original issue discount | 75,000 | $ 375,000 | |||||||
Accrued interest | 47,084 | 75,000 | |||||||
Gain on extinguishment of debt | 244,859 | ||||||||
principal payments | 500,000 | 0 | |||||||
Settled amounts | $ 1,250,000 | ||||||||
Shares return (in Shares) | 13,174,402 | ||||||||
Warrants cancellation (in Shares) | 454,548 | ||||||||
Recognized amount | $ 596,949 | ||||||||
Discount charged to operations | 82,410 | 156,862 | |||||||
Interest payments | $ 30,417 | $ 49,167 | |||||||
Debenture 6 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 500,000 | ||||||||
Interest payable | payable quarterly commencing nine months after issuance | ||||||||
Interest Rate | 15.00% | ||||||||
Warrants (in Shares) | 151,516 | ||||||||
Maturity | Jul. 10, 2024 | Oct. 31, 2024 | |||||||
Warrants at an exercise price of (in Dollars per share) | $ 1.65 | ||||||||
Payments | The Company shall make additional quarterly payments under Debenture 6 beginning 90 days after the end of its first fiscal quarter after January 10, 2025, and for the next five years, on an annual basis, equal to the greater of (a) 15% of the original principal amount, or (b) the purchaser’s pro rata portion of 5% of the distributions the Company receives as a result of the Quinn River Joint Venture during the prior fiscal year. | ||||||||
Discount | 209,783 | $ 17,154 | |||||||
Original issue discount | 75,000 | $ 375,000 | |||||||
Accrued interest | $ 67,717 | $ 75,000 | |||||||
Gain on extinguishment of debt | $ 402,370 | ||||||||
principal payments | 100,000 | 0 | |||||||
Discount charged to operations | 91,815 | 156,862 | |||||||
Interest payments | 15,570 | ||||||||
Interest Capitalized | 30,417 | $ 49,167 | |||||||
PN6 [Member] | |||||||||
NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||||
Amount | $ 250,000 | ||||||||
Interest Rate | 12.00% | ||||||||
Accrued interest | 7,900 | ||||||||
principal payments | $ 27,498 | ||||||||
payments due | $ 11,799 |