Notes Payable (Details) - Schedule of Debt (Parentheticals) - Notes Payable, Other Payables [Member] - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|---|
Jan. 04, 2022 |
Dec. 21, 2021 |
Dec. 01, 2021 |
Feb. 28, 2022 |
Feb. 28, 2022 |
May 31, 2021 |
Dec. 21, 2012 |
|
Debenture 1 [Member] | |||||||
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) | 303,030 | ||||||
Maturity | Jul. 10, 2024 | ||||||
Warrant exercise price (in Dollars per share) | $ 0.4125 | ||||||
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 | $ 17,223 | ||||||
Discount charged to operations | $ 1,667 | $ 1,667 | |||||
Original issue discount | $ 187,500 | ||||||
original issue discount was charged to operations | 18,145 | 18,145 | |||||
Accrued interest | 9,375 | $ 9,375 | |||||
Debenture 2 [Member] | |||||||
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) | 303,030 | ||||||
Maturity | Jul. 10, 2024 | ||||||
Warrant exercise price (in Dollars per share) | $ 0.4125 | ||||||
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 | $ 10,428 | ||||||
Discount charged to operations | 673 | $ 673 | |||||
Original issue discount | $ 187,500 | ||||||
original issue discount was charged to operations | 12,097 | 12,097 | |||||
Accrued interest | 7,188 | $ 7,188 | |||||
Debenture 3 [Member] | |||||||
Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||
Amount | $ 500,000 | ||||||
Interest payable | payable quarterly commencing six months after issuance | ||||||
Interest Rate | 15.00% | ||||||
Warrants (in Shares) | 303,030 | ||||||
Maturity | Jul. 10, 2024 | ||||||
Warrant exercise price (in Dollars per share) | $ 0.4125 | ||||||
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 | $ 19,335 | ||||||
Discount charged to operations | 1,247 | $ 1,247 | |||||
Original issue discount | $ 375,000 | ||||||
original issue discount was charged to operations | 24,195 | 24,195 | |||||
Accrued interest | 14,375 | $ 14,375 | |||||
Debenture 4 [Member] | |||||||
Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||
Amount | $ 500,000 | ||||||
Interest payable | payable quarterly commencing six months after issuanc | ||||||
Interest Rate | 15.00% | ||||||
Warrants (in Shares) | 606,061 | ||||||
Maturity | Jul. 10, 2024 | ||||||
Warrant exercise price (in Dollars per share) | $ 0.4125 | ||||||
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 | $ 17,154 | ||||||
Discount charged to operations | 572 | $ 572 | |||||
Original issue discount | 375,000 | ||||||
original issue discount was charged to operations | 12,500 | $ 12,500 | |||||
Accrued interest | 11,667 | $ 11,667 | |||||
Debenture 5 [Member] | |||||||
Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||
Amount | $ 500,000 | ||||||
Interest payable | payable quarterly commencing six months after issuance | ||||||
Interest Rate | 15.00% | ||||||
Warrants (in Shares) | 606,061 | ||||||
Maturity | Jul. 10, 2024 | ||||||
Warrant exercise price (in Dollars per share) | $ 0.4125 | ||||||
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 | ||||||
Discount charged to operations | 572 | $ 572 | |||||
Original issue discount | 375,000 | ||||||
original issue discount was charged to operations | 12,500 | 12,500 | |||||
Accrued interest | 11,667 | $ 11,667 | |||||
Debenture 6 [Member] | |||||||
Notes Payable (Details) - Schedule of Debt (Parentheticals) [Line Items] | |||||||
Amount | $ 500,000 | ||||||
Interest payable | payable quarterly commencing six months after issuance, | ||||||
Interest Rate | 15.00% | ||||||
Warrants (in Shares) | 606,061 | ||||||
Maturity | Jul. 10, 2024 | ||||||
Warrant exercise price (in Dollars per share) | $ 0.4125 | ||||||
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 | $ 17,154 | ||||||
Discount charged to operations | 572 | $ 572 | |||||
Original issue discount | $ 375,000 | ||||||
original issue discount was charged to operations | 12,500 | 12,500 | |||||
Accrued interest | $ 11,667 | $ 11,667 |