Cover
Cover | 9 Months Ended |
Sep. 30, 2022 | |
Cover [Abstract] | |
Document Type | S-1/A |
Amendment Flag | true |
Amendment Description | Amendment No. 1 |
Entity Registrant Name | Curative Biotechnology, Inc |
Entity Central Index Key | 0001400271 |
Entity Primary SIC Number | 2836 |
Entity Tax Identification Number | 26-1412177 |
Entity Incorporation, State or Country Code | FL |
Entity Address, Address Line One | 1825 NW Corporate Blvd |
Entity Address, Address Line Two | Suite 110 |
Entity Address, City or Town | Boca Raton |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 33431 |
City Area Code | (561) |
Local Phone Number | 907-8990 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | true |
Elected Not To Use the Extended Transition Period | false |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets: | |||
Cash | $ 636 | $ 670,263 | $ 160,607 |
Subscription receivable | 25,000 | ||
Prepaid expenses | 23,716 | 58,642 | 1,900,859 |
Funds receivable on notes payable | 70,000 | ||
Total current assets | 24,352 | 753,905 | 2,131,466 |
Fixed assets: | |||
Property and equipment | 6,834 | 6,834 | 81,515 |
Accumulated depreciation | (456) | (114) | (79,177) |
Total Fixed Assets | 6,378 | 6,720 | 2,338 |
Other assets: | |||
Deferred offering costs | 347,908 | 92,975 | |
Intangible assets, net of amortization | 1,629,830 | 1,558,550 | 140,300 |
Total other assets | 1,977,738 | 1,651,525 | 140,300 |
Total Assets | 2,008,468 | 2,412,150 | 2,274,104 |
Current liabilities: | |||
Accounts payable and accrued liabilities | 2,203,434 | 726,904 | 97,830 |
Convertible note payable | 128,700 | ||
Liability to issue common shares | 11,519 | 3,431 | 7,400 |
Short term convertible note payable, net of discounts | 621,372 | 25,415 | |
Third party short term loans, net of discounts | 405,646 | ||
Short term loan | 225,175 | ||
Total current liabilities | 3,061,500 | 730,335 | 664,991 |
Total Liabilities | 3,061,500 | 730,335 | 664,991 |
Commitments and Contingencies | |||
DEFICIENCY IN STOCKHOLDERS’ EQUITY | |||
Preferred stock, $0.0001 par value, authorized 200,000,000 shares, zero Series A; Series B, 81,000 shares issued and outstanding | 8 | 8 | 29 |
Common stock, $0.0001 par value, authorized 1,100,000,000 shares; 1,429,129 and 1,426,629 shares issued and outstanding | 143 | 143 | 83 |
Additional paid-in capital | 11,922,430 | 10,555,143 | 3,577,875 |
Accumulated deficit | (31,041,348) | (26,917,036) | (8,099,627) |
Total deficiency in stockholders’ equity | (19,118,767) | (16,361,742) | (4,521,640) |
Total Liabilities and Deficiency in Stockholders’ Equity | 2,008,468 | 2,412,150 | 2,274,104 |
Series A Preferred Stock [Member] | |||
Current liabilities: | |||
Preferred Stock, Series C, 30,000,000 shares issued and outstanding | 1,564,251 | ||
Series C Preferred Stock [Member] | |||
Current liabilities: | |||
Preferred Stock, Series C, 30,000,000 shares issued and outstanding | $ 18,065,735 | $ 18,043,557 | $ 4,566,502 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 200,000,000 | 200,000,000 | 200,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 |
Common stock, shares issued | 1,429,129 | 1,426,629 | 832,500 |
Common stock, shares outstanding | 1,429,129 | 1,426,629 | 832,500 |
Series A Preferred Stock [Member] | |||
Temporary equity, shares issued | 0 | 134,109,750 | |
Temporary equity, shares outstanding | 0 | 134,109,750 | |
Preferred stock, shares issued | 0 | 0 | |
Preferred stock, shares outstanding | 0 | 0 | |
Series C Preferred Stock [Member] | |||
Temporary equity, shares issued | 30,000,000 | 30,000,000 | 30,000,000 |
Temporary equity, shares outstanding | 30,000,000 | 30,000,000 | 30,000,000 |
Series B Preferred Stock [Member] | |||
Preferred stock, shares issued | 81,000 | 81,000 | 293,000 |
Preferred stock, shares outstanding | 81,000 | 81,000 | 293,000 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income Statement [Abstract] | ||||||
REVENUES, net | ||||||
COST OF REVENUES | ||||||
GROSS MARGIN | ||||||
OPERATING EXPENSES: | ||||||
General and administrative expenses | 622,252 | 738,367 | 1,777,596 | 3,837,554 | 4,211,355 | 4,598,302 |
Research and development | 456,377 | 125,947 | 1,548,830 | 221,087 | 779,275 | |
Impairment of long-lived assets | 15,000 | 16,958 | 32,136 | |||
Depreciation and amortization | 1,988 | 1,990 | 5,967 | 4,755 | 6,744 | 5,301 |
Total operating expenses | 1,080,617 | 866,304 | 3,332,393 | 4,078,396 | 5,014,332 | 4,635,739 |
LOSS FROM OPERATIONS | (1,080,617) | (866,304) | (3,332,393) | (4,078,396) | (5,014,332) | (4,635,739) |
OTHER (INCOME) EXPENSES | ||||||
Interest expense | 341,873 | 773,801 | 176,672 | 176,672 | 34,516 | |
Loss on debt settlement | 149,350 | 149,350 | 149,350 | |||
Other income | (4,060) | (4,060) | ||||
TOTAL OTHER (INCOME) EXPENSES | 337,813 | 149,350 | 769,741 | 326,022 | 326,022 | 34,516 |
Net loss | (1,418,430) | (1,015,654) | (4,102,134) | (4,404,418) | (5,340,354) | (4,670,255) |
Series C deemed dividend | (338,880) | (22,178) | (12,521,190) | (13,477,055) | (4,440) | |
Net loss to common shareholders | $ (1,418,430) | $ (1,354,534) | $ (4,124,312) | $ (16,925,608) | $ (18,817,409) | $ (4,674,695) |
Loss per weighted average common share, basic and diluted | $ (0.99) | $ (1) | $ (2.88) | $ (14.13) | $ (15.02) | $ (5.72) |
Number of weighted average common shares outstanding, basic and diluted | 1,429,129 | 1,352,654 | 1,429,029 | 1,197,760 | 1,252,454 | 816,696 |
Condensed Statement of Deficien
Condensed Statement of Deficiency in Stockholders' Equity - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total | |||
Beginning balance, value at Dec. 31, 2019 | $ 81 | $ 29 | $ 3,336,387 | $ (3,424,932) | $ (88,435) | |||
Beginning balance, shares at Dec. 31, 2019 | 807,000 | 34,402,750 | ||||||
Common shares issued for services | 36,800 | 36,800 | ||||||
Common shares issued for services, shares | 4,250 | |||||||
Common shares issued for intangible assets | $ 2 | 105,998 | 106,000 | |||||
Common shares issued for intangible assets, shares | 21,250 | |||||||
Warrants issued with notes payable | 54,555 | 54,555 | ||||||
Warrants issued for services | 44,135 | 44,135 | ||||||
Preferred stock Series A issued for services | [1] | [1] | [1] | |||||
Preferred stock Series A issued for services, shares | 100,000,000 | |||||||
Preferred stock Series C issued for services | [1] | [1] | [1] | |||||
Preferred stock Series C issued for services, shares | 30,000,000 | |||||||
Series C deemed dividend | [1] | (4,440) | (4,440) | |||||
Net loss | (4,670,255) | (4,670,255) | ||||||
Ending balance, value at Dec. 31, 2020 | $ 83 | $ 29 | 3,577,875 | (8,099,627) | (4,521,640) | |||
Ending balance, shares at Dec. 31, 2020 | 832,500 | 164,402,750 | ||||||
Common shares issued for services | $ 2 | 518,175 | 518,177 | |||||
Common shares issued for services, shares | 21,288 | |||||||
Warrants issued with notes payable | 9,533 | 9,533 | ||||||
Warrants issued for services | 343,902 | 343,902 | ||||||
Net loss | (4,404,418) | (4,404,418) | ||||||
Common shares issued for cash | $ 4 | 1,024,966 | 1,025,000 | |||||
Common shares issued for cash, shares | 35,904 | |||||||
Common shares issued for warrant exercise | $ 3 | 524,997 | 525,000 | |||||
Common shares issued for warrant exercise, shares | 26,250 | |||||||
Common shares issued to settle debt | $ 3 | 836,247 | 836,250 | |||||
Common shares issued to settle debt, shares | 32,344 | |||||||
Shares issued to settle liability issue shares | 7,400 | 7,400 | ||||||
Shares issued to settle liability issue shares, shares | 2,500 | |||||||
Option issued for services | 218,454 | 218,454 | ||||||
Deemed dividend | (12,521,190) | (12,521,190) | ||||||
Series B preferred converted to common | $ 7 | $ (21) | 14 | |||||
Series B preferred converted to common, shares | 70,666 | (212,000) | ||||||
Series A preferred converted to common | $ 34 | 1,564,217 | 1,564,251 | |||||
Series B preferred converted to common, shares | 339,591 | (134,109,750) | ||||||
Common shares issued to settle payable | 11,249 | 11,249 | ||||||
Common shares issued to settle payable, shares | 937 | |||||||
Ending balance, value at Sep. 30, 2021 | $ 136 | $ 8 | 8,637,029 | (25,025,235) | (16,388,032) | |||
Ending balance, shares at Sep. 30, 2021 | 1,361,980 | 30,081,000 | ||||||
Beginning balance, value at Dec. 31, 2020 | $ 83 | $ 29 | 3,577,875 | (8,099,627) | (4,521,640) | |||
Beginning balance, shares at Dec. 31, 2020 | 832,500 | 164,402,750 | ||||||
Common shares issued for services | $ 2 | 540,134 | 540,136 | |||||
Common shares issued for services, shares | 21,787 | |||||||
Common shares issued for intangible assets | $ 3 | 1,424,997 | 1,425,000 | |||||
Common shares issued for intangible assets, shares | 31,250 | |||||||
Warrants issued with notes payable | 9,533 | 9,533 | ||||||
Warrants issued for services | 485,487 | 485,487 | ||||||
Series C deemed dividend | [1] | (13,477,055) | (13,477,055) | |||||
Net loss | (5,340,354) | (5,340,354) | ||||||
Common stock issued for conversion of Preferred stock Series A | $ 34 | [1] | 1,564,217 | 1,564,251 | ||||
Common stock issued for conversion of Preferred stock Series A, shares | 339,592 | (134,109,750) | ||||||
Common stock issued for conversion of Preferred stock Series B | $ 7 | $ (21) | 14 | 0 | ||||
Common stock issued for conversion of Preferred stock Series B, shares | 70,667 | (212,000) | ||||||
Common shares issued for cash | $ 7 | 1,572,993 | 1,573,000 | |||||
Common shares issued for cash, shares | 68,802 | |||||||
Shares issued to convert debt | $ 3 | 656,247 | 656,250 | |||||
Shares issued to convert debt, shares | 27,344 | |||||||
Common shares issued for warrant exercise | $ 3 | 524,997 | 525,000 | |||||
Common shares issued for warrant exercise, shares | 26,250 | |||||||
Shares issued to settle payables | 11,250 | 11,250 | ||||||
Shares issued to settle payables, shares | 937 | |||||||
Common shares issued to settle debt | $ 1 | 179,999 | 180,000 | |||||
Common shares issued to settle debt, shares | 5,000 | |||||||
Shares issued to settle liability issue shares | 7,400 | 7,400 | ||||||
Shares issued to settle liability issue shares, shares | 2,500 | |||||||
Ending balance, value at Dec. 31, 2021 | $ 143 | $ 8 | 10,555,143 | (26,917,036) | (16,361,742) | |||
Ending balance, shares at Dec. 31, 2021 | 1,426,629 | 30,081,000 | ||||||
Beginning balance, value at Sep. 30, 2021 | $ 136 | $ 8 | 8,637,029 | (25,025,235) | (16,388,032) | |||
Beginning balance, shares at Sep. 30, 2021 | 1,361,980 | 30,081,000 | ||||||
Common shares issued for services | $ 21,960 | $ 21,960 | ||||||
Common shares issued for services, shares | 500 | 500 | ||||||
Common shares issued for cash | $ 523,000 | |||||||
Common shares issued for cash, shares | 32,898 | 32,898 | ||||||
Ending balance, value at Dec. 31, 2021 | $ 143 | $ 8 | 10,555,143 | (26,917,036) | $ (16,361,742) | |||
Ending balance, shares at Dec. 31, 2021 | 1,426,629 | 30,081,000 | ||||||
Common shares issued for services | 51,750 | 51,750 | ||||||
Common shares issued for services, shares | 2,500 | |||||||
Warrants issued with notes payable | 928,857 | 928,857 | ||||||
Warrants issued for services | 12,976 | 12,976 | ||||||
Net loss | (4,102,134) | (4,102,134) | ||||||
Option issued for services | 373,704 | 373,704 | ||||||
Deemed dividend | (22,178) | (22,178) | ||||||
Ending balance, value at Sep. 30, 2022 | $ 143 | $ 8 | $ 11,922,430 | $ (31,041,348) | $ (19,118,767) | |||
Ending balance, shares at Sep. 30, 2022 | 1,429,129 | 30,081,000 | ||||||
[1]Series A and Series C Preferred Stock amounts reflected in mezzanine equity |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net loss | $ (4,102,134) | $ (4,404,418) | $ (5,340,354) | $ (4,670,255) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Depreciation and amortization | 5,967 | 4,755 | 6,744 | 5,301 |
Share based compensation | 491,641 | 2,913,676 | 2,889,567 | 4,302,978 |
Amortization of warrant discount | 2,545 | 11,495 | ||
Amortization of original issue discount | 83,333 | 122,129 | 122,129 | 19,121 |
Amortization of debt discount | 596,922 | 52,593 | ||
Loss on settlement of debt | 149,350 | 149,350 | ||
Impairment of long-lived assets | 15,000 | 16,958 | 32,136 | |
Changes in operating assets and liabilities | ||||
(Increase) in stock subscription receivable | (25,000) | |||
Decrease in other receivables | 25,000 | 70,000 | ||
Increase in prepaid expenses | (18,285) | (86,010) | (18,294) | |
Increase in accrued interest | 1,950 | |||
Increase (decrease) in accounts payable and accrued liabilities | 1,246,170 | 136,712 | 592,320 | 109,131 |
Net cash used in operating activities | (1,671,386) | (1,024,263) | (1,604,035) | (190,093) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchase of intangible assets | (76,905) | (14,500) | (6,834) | |
Purchase of intangible assets | (14,500) | (34,300) | ||
Net cash used in investing activities | (76,905) | (14,500) | (21,334) | (34,300) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Cash received for issuance of common stock | 1,025,000 | 1,573,000 | ||
Cash received upon warrant exercise | 525,000 | 525,000 | ||
Cash received from convertible note payable | 869,972 | 70,000 | ||
Cash paid for deferred offering costs | (16,485) | (92,975) | ||
Advances from related party | 48,083 | |||
Repayments of related party notes payable | (50,000) | (48,083) | ||
Payments on related party notes payable | (50,000) | |||
Cash received from related party notes payable | 20,000 | |||
Cash received from third party notes payable | 311,877 | 110,000 | 110,000 | 365,000 |
Repayments of not payable | (86,700) | |||
Net cash provided by financing activities | 1,078,664 | 1,610,000 | 2,135,025 | 385,000 |
Net (decrease) increase in cash | (669,627) | 571,237 | 509,656 | 160,607 |
CASH, beginning of period | 670,263 | 160,607 | 160,607 | |
CASH, end of period | 636 | 731,844 | 670,263 | 160,607 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||
Interest paid in cash | 50,977 | 10,000 | 10,000 | |
Income taxes paid in cash | ||||
Non-cash financing activities: | ||||
Common shares issued for intangible assets | 1,425,000 | 106,000 | ||
Amortization of noncash prepaid expenses | 1,930,877 | |||
Warrants issued in conjunction with debt | 928,857 | |||
Deferred offering costs in accounts payable | 238,448 | |||
Common shares issued upon conversion of debt | 656,250 | |||
Common shares issued upon conversion of preferred stock | 1,564,251 | |||
Warrants issued as debt discount | 9,533 | 54,555 | ||
Series C preferred stock deemed dividend | $ 22,178 | $ 12,521,190 | 13,477,055 | 4,440 |
Common shares issued to settle liabilities | $ 198,650 |
NATURE OF OPERATIONS
NATURE OF OPERATIONS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
NATURE OF OPERATIONS | NOTE 1 - NATURE OF OPERATIONS Curative Biotechnology Inc. (f/k/a Connectyx Technologies Holdings Group, Inc.), (CUBT), is a Florida corporation, formed as a Nevada corporation on June 29, 1995, reincorporated in Florida on October 30, 2007, with a name change November 30, 2020, which conducts business from its headquarters in Boca Raton, Florida. Curative Biotechnology, Inc. is a development stage biomedical company that seeks to develop, in-license, sub-license and bring to market products in both the Pharmaceutical and Medical Device space. The Company focuses on products that are targeted at FDA-defined “Orphan Diseases” with patient populations under 200,000 in the United States. The company leverages management’s experience and business relationships with Life Science research institutions as well as Life Science industry members to acquire Life Science candidates that fit within the company’s business model. The company has established a scientific advisory board with a successful track record of bringing pharmaceuticals to market. | NOTE 1 - NATURE OF OPERATIONS Curative Biotechnology Inc. (f/k/a Connectyx Technologies Holdings Group, Inc.), (CUBT), is a Florida corporation, formed as a Nevada corporation on June 29, 1995, reincorporated in Florida on October 30, 2007, with a name change November 30, 2020, which conducts business from its headquarters in Boca Raton, Florida. Curative Biotechnology, Inc. is a development stage biomedical company that seeks to develop, in-license, sub-license and bring to market products in both the Pharmaceutical and Medical Device space. The Company focuses on products that are targeted at FDA-defined “Orphan Diseases” with patient populations under 200,000 in the United States. The company leverages management’s experience and business relationships with Life Science research institutions as well as Life Science industry members to acquire Life Science candidates that fit within the company’s business model. The company has established a scientific advisory board with a successful track record of bringing pharmaceuticals to market. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation On September 26, 2022, the Company effected a 1-for-400 reverse stock split of its common stock and adjusted the ratio at which the Company’s preferred stock is convertible into common. This also impacts the number of stock options and warrants and their respective exercise prices. All common shares, stock options, warrants, and per share information presented in the accompanying condensed financial statements and notes have been adjusted, where applicable, to reflect the reverse split on a retroactive basis for all periods presented. There was no change in the par value of the Company’s common stock ( b) Use of Estimates (c) Cash and equivalents no (d) Prepaid expenses (e) Property and equipment Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) (f) Intangible Assets Intangible assets with finite useful lives are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method over the estimated useful lives. NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, continued Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. If impairment indicators are present, these assets are subject to an impairment review. Any loss resulting from impairment of intangible assets is expensed in the period the impairment is identified. (g) Impairment of Long-Lived Assets (h) Financial Instruments and Fair Value Measurements ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments. FASB ASC 820 “Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability. Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. (i) Related Party Transactions Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, continued (j) Revenue Recognition (k) Stock based compensation (l) Income Taxes (m) Net loss per share . | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES a) Basis of Presentation On September 26, 2022, the Company effected a 1-for-400 reverse stock split b) Use of Estimates (c) Cash and equivalents (d) Prepaid expenses (e) Property and equipment (f) Intangible Assets Intangible assets with finite useful lives are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the estimated useful lives. Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. If impairment indicators are present, these assets are subject to an impairment review. Any loss resulting from impairment of intangible assets is expensed in the period the impairment is identified. (g) Impairment of Long-Lived Assets Curative Biotechnology, Inc Notes to Financial Statements NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, continued (h) Financial Instruments and Fair Value Measurements ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments. ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments. FASB ASC 820 “Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability. Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. (i) Related Party Transactions (j) Revenue Recognition (k) Stock based compensation Curative Biotechnology, Inc Notes to Financial Statements NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, continued (l) Income Taxes (m) Net income (loss) per share no . (n) Recent Accounting Pronouncements |
LIQUIDITY AND GOING CONCERN CON
LIQUIDITY AND GOING CONCERN CONSIDERATIONS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
LIQUIDITY AND GOING CONCERN CONSIDERATIONS | NOTE 3 - LIQUIDITY AND GOING CONCERN CONSIDERATIONS The accompanying interim condensed financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern, as reflected by the net loss of approximately $ 4.1 31.0 3.0 Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) | NOTE 3 - LIQUIDITY AND GOING CONCERN CONSIDERATIONS The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern, as reflected by the net loss of approximately $ 5.3 26.9 |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
INTANGIBLE ASSETS | NOTE 4 - INTANGIBLE ASSETS During the 4 th (a) MABT Covid-19 license 31,250 1,425,000 During the 4 th (b) Website 22,500 3 5,625 ( c) Patent rights option 1,800 The Company had until September 30, 2021, to advise IEM in writing that it wishes to exercise this Option Right and pay IEM $ 50,000 1,000 1,000 (d) IMT504 Patent license 6.5 The total cost for this license is 50,000 17,500 91,000 16,250 16,250 A principal goal of this license is to obtain a Priority Review Voucher (PRV) issued by the US FDA, and subsequently sell the PRV to a major pharmaceutical company. The Company and MABT will split the proceeds from the sale of such PRV equally. (e) National Institute of Health (NIH) Patent license #1 Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) NOTE 4 - INTANGIBLE ASSETS, continued This license calls for the payment of a non-creditable non-refundable license issue royalty of $ 10,000 (f) National Institute of Health (NIH) Patent license #2 This license requires two separate royalty streams of payments. First is a royalty equal to the unreimbursed patent expenses paid by NIH, with an initial amount of $ 8,500 (f) National Institute of Health (NIH) Patent license #2 Second is an ongoing royalty schedule: an initial royalty of $ 5,000 The license can be extended on the third anniversary to the remaining life of the licensed patent by the payment of a one-time non-refundable non-creditable royalty of $ 45,000 | NOTE 4 - INTANGIBLE ASSETS During the 4 th (a) MABT Covid-19 license 31,250 1,425,000 During the 4 th (b) Website 22,500 , one-half in cash and one-half in common stock of the Company. The Company is amortizing this cost over 3 years. This website was placed into service in March 2021. Amortization expense for the year ended December 31, 2021 was $ 6,250 . In March 2020, the Company contracted with a third party to develop and produce a new website for the Company for a contract price of $ 15,000 3,750 Curative Biotechnology, Inc Notes to Financial Statements NOTE 4 - INTANGIBLE ASSETS, continued ( c) Patent rights option 1,800 The Company had until September 30, 2021, to advise IEM in writing that it wishes to exercise this Option Right and pay IEM $ 50,000 1,000 (d) IMT504 Patent license 6.5 The total cost for this license is 50,000 1 - 17,500 91,000 ), 2 - 16,250 3 - 16,250 (e) National Institute of Health (NIH) Patent license #1 This license calls for the payment of a non-creditable non-refundable license issue royalty of $ 10,000 (f) National Institute of Health (NIH) Patent license #2 This license requires two separate royalty streams of payments: First is a royalty equal to the unreimbursed patent expenses paid by NIH, with an initial amount of $ 8,500 Curative Biotechnology, Inc Notes to Financial Statements NOTE 4 - INTANGIBLE ASSETS, continued (f) National Institute of Health (NIH) Patent license #2 Second is an ongoing royalty schedule: an initial royalty of $ 5,000 The license can be extended on the third anniversary to the remaining life of the licensed patent by the payment of a one-time non-refundable, non-creditable royalty of $ 45,000 The patent rights and patent licenses are under development, therefore amortization of the costs has not commenced, as these patent rights and licenses have not been placed in service. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Related Party Transactions [Abstract] | ||
RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS From time to time the Company may enter into non-arms length transactions with related parties, however the Company exercises its best efforts to ensure that such transactions are valued on a basis comparable to a true arms length transaction. During the second quarter of 2021, the remaining two notes from officers of the Company, totaling $ 40,000 10,000 | NOTE 5 - RELATED PARTY TRANSACTIONS From time to time the Company may enter into non-arm’s length transactions with related parties, however the Company exercises its best efforts to ensure that such transactions are valued on a basis comparable to a true arm’s length transaction. During 2020, one officer advanced $ 48,083 During the second quarter of 2021, the remaining two notes from officers of the Company, totaling $ 40,000 10,000 |
NOTES PAYABLE
NOTES PAYABLE | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Notes Payable | ||
NOTES PAYABLE | NOTE 6 - NOTES PAYABLE During the second quarter of 2022, the Company issued a promissory note in exchange for $ 200,000 This note carries a 12 During the quarter ended March 31, 2022, the Company entered into a financing for the purchase of a Directors and Officers (D&O) Liability Insurance policy. This financing carries a 5.65 zero During the second quarter of 2021, the then remaining two notes, totaling $ 40,000 10,000 During the first quarter of 2021, 13 of the 15 note holders converted their note receivable into shares of common stock at the rate of $ 24.00 27,343 656,250 Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) | NOTE 6 - NOTES PAYABLE During the first quarter 2021, 13 of the 15 total notes were converted into 27,343 In January 2021, the amounts receivable for notes payable were received. During the first quarter of 2021, the Company entered into two (2) notes payable with a face amount of $ 137,500 25 110,000 six months 25 The maturity is extendable at the Company’s option for up to three months with a 3% per month extension fee 2,750 9,533 9.24 During 2020, the Company issued thirteen (13) notes payable with a face amount of $ 568,750 , including 25 % OID, for a total amount of cash received of $ 455,000 . The notes are identical and carry a six-month maturity. The maturity is extendable at the Company’s option for up to three months with a 3% per month extension fee . In connection with the notes, the Company issued warrants to purchase 11,375 shares of common stock of the Company, which were recorded as a discount in the amount of $ 54,555 , which is being amortized over the term of the notes. These notes are collateralized by Preferred C shares representing 9.24 % of the issued and outstanding common stock shares. Two officers holding Preferred C shares have pledged the Preferred C shares as this collateral. During the first quarter of 2021, 13 of the 15 note holders converted their notes into shares of common stock at the rate of $ 24.00 per share, for a total of 27,343 shares of common stock for a total of $ 656,250 convertible debt. Curative Biotechnology, Inc Notes to Financial Statements |
CONVERTIBLE SENIOR SECURED NOTE
CONVERTIBLE SENIOR SECURED NOTE PAYABLE | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Debt Disclosure [Abstract] | ||
CONVERTIBLE SENIOR SECURED NOTE PAYABLE | NOTE 7 - CONVERTIBLE SENIOR SECURED NOTE PAYABLE During the first quarter of 2021, the Company entered into 2 notes payable for a total amount of cash received of $ 110,000 25 1 2.64 In March 2022, the Company issued a 12-month Senior Secured Note with a face amount of $ 1,142,857 12.5 12.5 869,972 142,857 125,714 Beginning in September 2022, the Company was required to make monthly redemptions at the rate of 110 179,592 125 1,428,571 The Note is convertible into common stock of the Company upon an event of default, as defined. The lender received five year warrants to purchase 57,142 0.0001 0.9 The Note is secured by all the tangible and intangible assets of the Company. In August 2022, the Company and the lender agreed to a modification of the Note. In exchange for a one month extension to begin the principal payments under this Note, the parties agreed to reduce the qualified offering amount from $ 10 7.2 4,761 58,884 Subsequent to September 30, 2022, certain of the terms of the Note were modified. See Subsequent Events. | NOTE 7 - CONVERTIBLE NOTE PAYABLE CONVERTIBLE SENIOR SECURED NOTE PAYABLE In April 2013, the Company entered into a convertible note in the principal amount of $ 97,500 4 90 0.40 128,700 100,000 5,000 |
LIABILITY TO ISSUE COMMON STOCK
LIABILITY TO ISSUE COMMON STOCK | 12 Months Ended |
Dec. 31, 2021 | |
Liability To Issue Common Stock | |
LIABILITY TO ISSUE COMMON STOCK | NOTE 8 - LIABILITY TO ISSUE COMMON STOCK In March 2020, the Company entered into an agreement to issue 2,500 7,400 |
DEFICIENCY IN STOCKHOLDERS EQUI
DEFICIENCY IN STOCKHOLDERS EQUITY | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
DEFICIENCY IN STOCKHOLDERS EQUITY | NOTE 8 – DEFICIENCY IN STOCKHOLDERS EQUITY At September 30, 2022 and December 31, 2021, the Company has 1,100,000,000 0.0001 1,429,129 1,426,629 200,000,000 0.0001 Curative Biotechnology, Inc. Notes to Condensed Financial Statements (Unaudited) NOTE 8 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued The Series A and Series C preferred stock has been accounted for in accordance with FASB Accounting Standards Codification (ASC) 480, as mezzanine equity due to Series A having a redemption provision by the holder and Series C being convertible into a variable number of common shares. SCHEDULE OF STOCKHOLDERS EQUITY No. Shares Par No. Shares Par No. Shares Par No. Shares Par Series A Series B Series C Total No. Shares Par No. Shares Par No. Shares Par No. Shares Par January 1, 2021 134,109,750 $ 13,411 293,000 $ 29 30,000,000 $ 3,000 164,402,750 $ 16,440 Conversion to common shares (134,109,750 ) (13,411 ) (212,000 ) (21 ) - - (134,321,750 ) (13,432 ) December 31, 2021 - - 81,000 8 30,000,000 $ 3,000 30,081,000 3,008 Beginning balance, value - - 81,000 8 30,000,000 $ 3,000 30,081,000 3,008 no transactions - - - - - - - - September 30, 2022 - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 Ending balance, value - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 The preferred shares have the following respective rights and privileges: Series A Preferred carry 10 votes for each share of common stock that each Series A shares are convertible into at the record date; 35 45 5,000,000 339,591 Series B Preferred are convertible in common shares of common stock at a conversion price of $ 3.00 125 203,000 67,666 Series C Preferred are convertible into at the record date; is convertible into common stock aggregating 30% of the total issued and outstanding common shares at conversion date post conversion; carry one vote for each common share that the Series C is convertible into at the record date. Quarter ended March 31, 2022: The Company issued 2,500 51,750 Quarter ended December 31, 2021: The Company issued 32,898 64,788 523,000 25,000 500 21,960 31,250 1,425,000 Quarter ended September 30, 2021: The Company issued 10,902 10,590 425,000 625 22,500 150 150 150 175 750 36,720 625 28,475 5,000 180,000 9,000 3,000 Curative Biotechnology, Inc. Notes to Condensed Financial Statements (Unaudited) NOTE 8 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued Quarter ended June 30, 2021: The Company issued 25,000 12,500 600,000 May 2026 44.00 2,500 Quarter ended March 31, 2021: The Company issued 312 5,575 17.84 937 11,250 339,591 203,000 67,666 24.00 27,343 656,250 26,250 525,000 26,250 16,250 16,250 325,000 | NOTE 9 – DEFICIENCY IN STOCKHOLDERS EQUITY At December 31, 2021 and 2020, the Company has 1,100,000,000 0.0001 1,426,629 832,500 200,000,000 0.0001 The Company accounts for the Series A and Series C preferred stock in accordance with FASB Accounting Standards Codification (ASC) 480, as mezzanine equity due to Series A having a redemption provision and Series C being convertible into a variable number of common shares. SCHEDULE OF STOCKHOLDERS EQUITY No. Shares Par No. Shares Par No. Shares Par No. Shares Par Series A Series B Series C Total No. Shares Par No. Shares Par No. Shares Par No. Shares Par January 1, 2020 34,109,750 $ 3,411 293,000 $ 29 - $ - 34,402,750 $ 3,440 Issuance of shares for services 100,000,000 10,000 - - 30,000,000 3,000 130,000,000 13,000 December 31, 2020 134,109,750 13,411 293,000 29 30,000,000 3,000 164,402,750 16,440 Beginning Balance 134,109,750 13,411 293,000 29 30,000,000 3,000 164,402,750 16,440 Conversion to common shares (134,109,750 ) (13,411 ) (212,000 ) (21 ) - - (134,321,750 ) (13,432 ) no transactions no transactions, shares December 31, 2021 - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 Ending Balance - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 The preferred shares have the following respective rights and privileges: Series A Preferred carry 10 votes for each share of common stock that each Series A shares are convertible into at the record date 35 45 5,000,000 Series B Preferred are convertible in common shares of common stock at a conversion price of $ 3.00 125 Series C Preferred are convertible into common stock aggregating 30 Curative Biotechnology, Inc Notes to Financial Statements NOTE 9 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued During the fourth quarter 2021, the Company issued 32,898 64,788 523,000 25,000 500 21,960 31,250 1,425,000 During the third quarter 2021, the Company issued 10,902 10,590 425,000 625 22,500 150 150 150 175 750 36,720 625 28,475 5,000 180,000 9,000 3,000 During the second quarter 2021, the Company issued 25,000 12,500 600,000 May 2026 44.00 2,500 During the second quarter 2021, the Company issued 625 150 150 150 175 2,100 525 525 525 525 2,100 During the first quarter 2021, the Company issued 312 5,575 17.84 937 11,250 339,591 203,000 67,666 24.00 27,343 656,250 26,250 525,000 26,250 16,250 16,250 325,000 During the 4 th 4,250 36,800 8.64 th 21,250 106,000 5.00 During the 4 th 100,000,000 1,560,840 0.0156 th 30,000,000 4,562,062 0.152 50% of the Series C shares vested upon issuance and the other 50% vest in May 2021. The Company recorded 50% of the compensation expense upon issuance and 50% as a prepaid expense which will be amortized over the remaining of the six month service period. During the 2nd quarter 2020, the Company issued 3,125 23,300 7.46 Curative Biotechnology, Inc Notes to Financial Statements NOTE 9 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued During the 1st quarter 2020, the Company issued 3,750 15,000 4.00 A deemed dividend for the Series C preferred stock is calculated and recorded as shares of common stock are issued. This is calculated as the increase in common shares that the Series C would receive upon conversion, as a result of the change in the number of common shares issued and outstanding during the period multiplied by the closing price of the common stock at the end of the period. The deemed dividend was $ 13,477,055 4,440 |
WARRANTS
WARRANTS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Warrants | ||
WARRANTS | NOTE 9 - WARRANTS Quarter ended March 31, 2022: The lender of the Convertible Senior Secured Note received five year warrants to purchase 57,142 0.0001 0.9 Quarter ended September 30, 2022: In August 2022, the Company and the lender agreed to a modification of the Note described in previous paragraph, which resulted in the lender receiving 4,761 Quarter ended December 31, 2021: The Company issued 1,008 1,008 December 2024 44.00 63,780 31,890 December 2024 36.00 60.00 Quarter ended September 30, 2021: The Company issued 10,590 10,902 60.00 56.00 2,500 49.60 34,382 Quarter ended June 30, 2021: The Company issued 12,500 25,000 May 2026 44.00 12,500 80.00 87,249 7,500 155,717 2,500 40.00 51,906 625 Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) NOTE 9 – WARRANTS, continued Quarter ended March 31, 2021: The Company issued 26,250 525,000 26,250 16,250 325,000 16,250 2,750 100 20.00 9,533 12,500 20.00 40,600 The method utilized to value the warrants was the Black-Scholes model with the following assumption ranges: Expected life - three or five years 16.00 40.00 60.51 31.56 0.0001 80.00 0.09 0.83 | NOTE 10 - WARRANTS During the fourth quarter 2021, the Company issued 1,008 1,008 December 2024 44.00 63,780 31,890 December 2024 36.00 60.00 During the third quarter 2021, the Company issued 10,590 10,902 60.00 56.00 2,500 July 2024 49.60 34,382 During the second quarter 2021, the Company issued 12,500 25,000 May 2026 44.00 12,500 80.00 87,249 7,500 40.00 155,717 During the second quarter 2021, the Company issued 2,500 40.00 51,906 625 During the first quarter 2021, the Company issued 26,250 525,000 26,250 16,250 325,000 16,250 In the first quarter 2021, the Company issued 2,750 warrants for the purchase of common stock of the Company in conjunction with the short-term debt at the rate of 2.5 warrants for each $100 loaned. These warrants carry an expiration of thirty-six months from issuance; an exercise price of $ 20.00 per share and are exercisable immediately. The warrants were recorded at a total value of $ 9,533 . In the first quarter 2021, the Company issued 12,500 20.00 40,600 The method utilized to value the warrants was the Black-Scholes model with the following assumption ranges: Expected life - three or five years 16.00 40.00 60.51 31.56 20.00 80.00 0.09 0.83 Curative Biotechnology, Inc Notes to Financial Statements NOTE 10 - WARRANTS, continued During the 4 th 11,375 warrants for the purchase of common stock of the Company in conjunction with the issuance of short-term debt at the rate of 2.5 warrants for each $100 loaned . These warrants carry an expiration of thirty-six months from issuance; an exercise price of $ 20.00 per share and are exercisable immediately. These warrants were valued at $ 54,555 , and are being amortized to the maturity of the related debt. During the 4 th 16,875 20.00 44,135 The method utilized to value the warrants was the Black-Scholes model with the following assumption ranges: Expected life three years 12.00 109.96 30.22 20.00 0.08 0.11 |
OPTIONS
OPTIONS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement [Abstract] | ||
OPTIONS | NOTE 10 - OPTIONS Quarter ended March 31, 2022: The Company issued 18,641 155,250 20.70 five Quarter ended September 30, 2021: The Company issued options in conjunction with an agreement for Board of Advisor services and the evaluation of certain potential intangible asset acquisitions. These options call for an undivided 1 20,202 5 44.00 436,908 50 50 218,000 The method utilized to value the options was the Black-Scholes model with the following assumption ranges: Expected life - ten years 45.60 35.13 44.00 1.47 | NOTE 11 - OPTIONS In the third quarter of 2021, the Company issued options in conjunction with an agreement for Board of Advisor services and the evaluation of certain potential intangible asset acquisitions. These options call for an undivided 1 20,202 5 44.00 436,908 50 50% The method utilized to value the options was the Black-Scholes model with the following assumption ranges: Expected life - ten years ; stock price $ 45.60 ; volatility 35.13 ; exercise price $ 44.00 and bond equivalent yield rate 1.47 %. |
EQUITY INCENTIVE PLAN
EQUITY INCENTIVE PLAN | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Equity Incentive Plan | ||
EQUITY INCENTIVE PLAN | NOTE 11 - EQUITY INCENTIVE PLAN On August 26, 2021, the Company adopted a equity incentive plan providing for the issuance of shares of common stock, options or SARs with a rolling maximum number equal to 10% of the issued and outstanding Common Shares set at the beginning of each fiscal year. The Company may grant incentives to its directors, officers, employees and service providers. The options are exercisable for a maximum of up to ten years from the date of grant and may be subject to vesting provisions as set by the Plan Administrator. During the quarter ended March 31, 2022, a total of 2,500 18,641 20.70 five years 8.32 The fair value of the stock options recognized in the period has been estimated using the Black-Scholes option pricing model. Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) Assumptions used in the pricing model are as provided below. SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS Risk-free interest rate 1.55 % Exercise price $ 20.70 Expected life 5 Expected volatility 44.12 % Expected dividends - The Company recognized equity incentive expense of approximately $ 207,000 As of September 30, 2022, there were 18,641 20.70 A summary of the Company’s stock option plan and changes during the nine months ended September 30, 2022 is as follows: SCHEDULE OF STOCK OPTION ACTIVITY Number of options Weighted average exercise price Balance - beginning of the year - $ - Granted 18,641 20.70 Exercised - - Cancelled - - Balance - end of period 18,641 $ 20.70 The aggregate intrinsic value of vested share options (the market value less the exercise price) at September 30, 2022 was zero | NOTE 11 - EQUITY INCENTIVE PLAN On August 26, 2021, the Company adopted a equity incentive plan providing for the issuance of shares of common stock, options or SARs with a rolling maximum number equal to 10% of the issued and outstanding Common Shares set at the beginning of each fiscal year. The Company may grant incentives to its directors, officers, employees and service providers. The options are exercisable for a maximum of up to ten years from the date of grant and may be subject to vesting provisions as set by the Plan Administrator. During the quarter ended March 31, 2022, a total of 2,500 18,641 20.70 five years 8.32 The fair value of the stock options recognized in the period has been estimated using the Black-Scholes option pricing model. Assumptions used in the pricing model are as provided below. SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS Risk-free interest rate 1.55 % Exercise price $ 20.70 Expected life 5 Expected volatility 44.12 % Expected dividends - The Company recognized a equity incentive expense of $ 243,435 As of June 30, 2022, there were 18,641 20.70 no A summary of the Company’s stock option plan and changes during the six months ended June 30, 2022 is as follows: SCHEDULE OF STOCK OPTION ACTIVITY Number of options Weighted average exercise price Balance - beginning of the year - $ - Granted 18,641 20.70 Exercised - - Cancelled - - Balance - end of period 18,641 $ 20.70 The aggregate intrinsic value of vested share options (the market value less the exercise price) at June 30, 2022 was zero |
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Investments, All Other Investments [Abstract] | ||
FINANCIAL INSTRUMENTS | NOTE 12 - FINANCIAL INSTRUMENTS (a) Liquidity Risk (b) Interest Rate Risk Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) | NOTE 12 - FINANCIAL INSTRUMENTS (a) Liquidity Risk (b) Interest Rate Risk |
GENERAL AND ADMINISTRATIVE EXPE
GENERAL AND ADMINISTRATIVE EXPENSES | 12 Months Ended |
Dec. 31, 2021 | |
General And Administrative Expenses | |
GENERAL AND ADMINISTRATIVE EXPENSES | NOTE 13 - GENERAL AND ADMINISTRATIVE EXPENSES SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSE 2021 2020 Year ended December 31, 2021 2020 Salaries $ 1,016,881 $ 143,065 Share based compensation 2,889,567 4,302,978 Professional fees 225,384 117,860 Other 79,523 34,399 Total general and administrative expenses $ 4,211,355 $ 4,598,302 Curative Biotechnology, Inc Notes to Financial Statements |
IMPAIRMENT OF LONG LIVED ASSETS
IMPAIRMENT OF LONG LIVED ASSETS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
IMPAIRMENT OF LONG LIVED ASSETS | NOTE 13 - IMPAIRMENT OF LONG LIVED ASSETS In the fourth quarter 2021 the Company determined that its fixed assets were obsolete and wrote off the undepreciated balance of $ 1,958 In March 2021, when the Company’s new website was placed in service, the remaining unamortized cost of the Company’s legacy website was written off, for a total charge of $ 15,000 | NOTE 14 - IMPAIRMENT OF LONG-LIVED ASSETS NOTE 12 - IMPAIRMENT OF LONG LIVED ASSETS In the fourth quarter the Company determined that its fixed assets were obsolete and wrote off the undepreciated balance of $ 1,958 In March 2021, when the Company’s new website was placed in service, the remaining unamortized cost of the Company’s old website was written off, for a total of $ 15,000 During the 4 th 34,516 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 15 - INCOME TAXES The Company recognizes deferred tax assets and liabilities for the tax effects of differences between the financial statements and tax basis of assets and liabilities. A valuation allowance is established to reduce the deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. The components of income tax provision (benefit) related to continuing operations are as follows at December 31: SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE 2021 2020 Current $ - $ - Deferred $ - $ - Total tax provisions $ - $ - The following is a reconciliation of the effective income tax rate with the statutory income tax rate at December 31: SCHEDULE OF EFFECTIVE RECONCILIATION INCOME TAX RATE 2021 2020 U.S. Federal statutory income tax rate (21 )% (21 )% State income tax, net of federal benefit (4.5 )% (4.5 )% Valuation allowance 25.5 % 25.5 % Total 0.0 % 0.0 % The net deferred tax assets and liabilities included in the financial statements consist of the following amounts at December 31: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2021 2020 Deferred tax assets: Net operating loss carry forwards $ 1,337,957 $ 831,988 Stock based compensation 1,600,548 958,197 Other - (10,061 ) Total 2,938,505 1,780,124 Deferred tax liabilities: - - Less: valuation allowance (2,938,505 ) (1,780,124 ) Net deferred tax assets $ - $ - Curative Biotechnology, Inc Notes to Financial Statements NOTE 15 - INCOME TAXES, continued The change in valuation allowance was ($ 1,158,381 1,021,331 100 The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the period in which temporary differences become deductible. In accordance with the provisions of ASC 740: Income Taxes, we record a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. At December 31, 2021 and 2020, we have no liabilities for uncertain tax positions. We continually evaluate expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | ||
COMMITMENTS AND CONTINGENCIES | NOTE 14 - COMMITMENTS AND CONTINGENCIES (a) Other | NOTE 16 - COMMITMENTS AND CONTINGENCIES (a) Other |
CONCENTRATIONS OF CREDIT RISK
CONCENTRATIONS OF CREDIT RISK | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Risks and Uncertainties [Abstract] | ||
CONCENTRATIONS OF CREDIT RISK | NOTE 15 - CONCENTRATIONS OF CREDIT RISK (a) Cash zero 416,178 | NOTE 17 - CONCENTRATIONS OF CREDIT RISK (a) Cash 416,178 no |
COVID-19 PANDEMIC AND VARIANTS
COVID-19 PANDEMIC AND VARIANTS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Unusual or Infrequent Items, or Both [Abstract] | ||
COVID-19 PANDEMIC AND VARIANTS | NOTE 16 - COVID-19 PANDEMIC AND VARIANTS The full extent to which the COVID-19 pandemic may directly or indirectly impact our business, results of operations and financial condition, will depend on future developments that are uncertain, including as a result of new information that may emerge concerning COVID-19 and the actions taken to contain it or treat COVID-19, as well as the economic impact on local, regional, national and international customers and markets. We have made estimates of the impact of COVID-19 within our financial statements, and although there is currently no major impact, there may be changes to those estimates in future periods. | NOTE 18 - COVID-19 PANDEMIC AND VARIANTS The full extent to which the COVID-19 pandemic may directly or indirectly impact our business, results of operations and financial condition, will depend on future developments that are uncertain, including as a result of new information that may emerge concerning COVID-19 and the actions taken to contain it or treat COVID-19, as well as the economic impact on local, regional, national and international customers and markets. We have made estimates of the impact of COVID-19 within our financial statements, and although there is currently no major impact, there may be changes to those estimates in future periods. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Subsequent Events [Abstract] | ||
SUBSEQUENT EVENTS | NOTE 17 - SUBSEQUENT EVENTS (a) Convertible Senior Secured Note Payable and Warrants 4,761 66,666 60,000 On November 2, 2022, the parties to this convertible note agreed to another amendment, which further delayed the first principal payment until November 17, 2022. There was no change to the number of warrants as a result of this amendment. | NOTE 19 - SUBSEQUENT EVENTS (a) Intangible Assets (b) Senior Secured Note 1,142,857 , with a stated 12.5 % original issue discount (OID). The Note carries a 12.5% The Company received $ 874,286 in cash, net of the OID of $ 142,857 and legal and other fees in the amount of $ 125,714 . The Note was issued to Puritan Partners, LLC, an institutional investor. Beginning in September 2022, the Company is required to make monthly redemptions at the rate of 110 179,592 125% 1,428,571 The Note is convertible into common stock of the Company upon an event of default, as defined. The lender received five-year warrants to purchase 57,142 shares of common stock of the Company, with an exercise price of $ 0.0001 per share. These warrants were recorded as debt discount in the amount of $ 1.0 million which will be amortized over the term of the Note. The warrants can be exercised on a cash-less basis if a registration statement for the common shares underlying the warrants is not declared effective by September 2022. The Note is secured by all the tangible and intangible assets of the Company. (c) Deficiency in Stockholders Equity 2,500 51,750 In January 2022, the $ 25,000 (d) Options 18,663 five 20.70 155,250 (e) Reverse Stock Split |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | ||
Basis of Presentation | (a) Basis of Presentation On September 26, 2022, the Company effected a 1-for-400 reverse stock split of its common stock and adjusted the ratio at which the Company’s preferred stock is convertible into common. This also impacts the number of stock options and warrants and their respective exercise prices. All common shares, stock options, warrants, and per share information presented in the accompanying condensed financial statements and notes have been adjusted, where applicable, to reflect the reverse split on a retroactive basis for all periods presented. There was no change in the par value of the Company’s common stock | a) Basis of Presentation On September 26, 2022, the Company effected a 1-for-400 reverse stock split |
Use of Estimates | ( b) Use of Estimates | b) Use of Estimates |
Cash and equivalents | (c) Cash and equivalents no | (c) Cash and equivalents |
Prepaid expenses | (d) Prepaid expenses | (d) Prepaid expenses |
Property and equipment | (e) Property and equipment Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) | (e) Property and equipment |
Intangible Assets | (f) Intangible Assets Intangible assets with finite useful lives are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method over the estimated useful lives. NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, continued Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. If impairment indicators are present, these assets are subject to an impairment review. Any loss resulting from impairment of intangible assets is expensed in the period the impairment is identified. | (f) Intangible Assets Intangible assets with finite useful lives are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the estimated useful lives. Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable. If not, the change in useful life from indefinite to finite is made on a prospective basis. If impairment indicators are present, these assets are subject to an impairment review. Any loss resulting from impairment of intangible assets is expensed in the period the impairment is identified. |
Impairment of Long-Lived Assets | (g) Impairment of Long-Lived Assets | (g) Impairment of Long-Lived Assets |
Financial Instruments and Fair Value Measurements | (h) Financial Instruments and Fair Value Measurements ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments. FASB ASC 820 “Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability. Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. | (h) Financial Instruments and Fair Value Measurements ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments. ASC 825 also requires disclosures of the fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short-term maturities of these instruments. FASB ASC 820 “Fair Value Measurement” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets and liabilities and inputs that are observable for the asset or liability. Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. |
Related Party Transactions | (i) Related Party Transactions Curative Biotechnology, Inc Notes to Condensed Financial Statements (Unaudited) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, continued | (i) Related Party Transactions |
Revenue Recognition | (j) Revenue Recognition | (j) Revenue Recognition |
Stock based compensation | (k) Stock based compensation | (k) Stock based compensation |
Income Taxes | (l) Income Taxes | (l) Income Taxes |
Net loss per share | (m) Net loss per share . | (m) Net income (loss) per share no . |
Recent Accounting Pronouncements | (n) Recent Accounting Pronouncements |
DEFICIENCY IN STOCKHOLDERS EQ_2
DEFICIENCY IN STOCKHOLDERS EQUITY (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | ||
SCHEDULE OF STOCKHOLDERS EQUITY | The Series A and Series C preferred stock has been accounted for in accordance with FASB Accounting Standards Codification (ASC) 480, as mezzanine equity due to Series A having a redemption provision by the holder and Series C being convertible into a variable number of common shares. SCHEDULE OF STOCKHOLDERS EQUITY No. Shares Par No. Shares Par No. Shares Par No. Shares Par Series A Series B Series C Total No. Shares Par No. Shares Par No. Shares Par No. Shares Par January 1, 2021 134,109,750 $ 13,411 293,000 $ 29 30,000,000 $ 3,000 164,402,750 $ 16,440 Conversion to common shares (134,109,750 ) (13,411 ) (212,000 ) (21 ) - - (134,321,750 ) (13,432 ) December 31, 2021 - - 81,000 8 30,000,000 $ 3,000 30,081,000 3,008 Beginning balance, value - - 81,000 8 30,000,000 $ 3,000 30,081,000 3,008 no transactions - - - - - - - - September 30, 2022 - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 Ending balance, value - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 | The Company accounts for the Series A and Series C preferred stock in accordance with FASB Accounting Standards Codification (ASC) 480, as mezzanine equity due to Series A having a redemption provision and Series C being convertible into a variable number of common shares. SCHEDULE OF STOCKHOLDERS EQUITY No. Shares Par No. Shares Par No. Shares Par No. Shares Par Series A Series B Series C Total No. Shares Par No. Shares Par No. Shares Par No. Shares Par January 1, 2020 34,109,750 $ 3,411 293,000 $ 29 - $ - 34,402,750 $ 3,440 Issuance of shares for services 100,000,000 10,000 - - 30,000,000 3,000 130,000,000 13,000 December 31, 2020 134,109,750 13,411 293,000 29 30,000,000 3,000 164,402,750 16,440 Beginning Balance 134,109,750 13,411 293,000 29 30,000,000 3,000 164,402,750 16,440 Conversion to common shares (134,109,750 ) (13,411 ) (212,000 ) (21 ) - - (134,321,750 ) (13,432 ) no transactions no transactions, shares December 31, 2021 - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 Ending Balance - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 |
EQUITY INCENTIVE PLAN (Tables)
EQUITY INCENTIVE PLAN (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Equity Incentive Plan | ||
SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS | Assumptions used in the pricing model are as provided below. SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS Risk-free interest rate 1.55 % Exercise price $ 20.70 Expected life 5 Expected volatility 44.12 % Expected dividends - | Assumptions used in the pricing model are as provided below. SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS Risk-free interest rate 1.55 % Exercise price $ 20.70 Expected life 5 Expected volatility 44.12 % Expected dividends - |
SCHEDULE OF STOCK OPTION ACTIVITY | A summary of the Company’s stock option plan and changes during the nine months ended September 30, 2022 is as follows: SCHEDULE OF STOCK OPTION ACTIVITY Number of options Weighted average exercise price Balance - beginning of the year - $ - Granted 18,641 20.70 Exercised - - Cancelled - - Balance - end of period 18,641 $ 20.70 | A summary of the Company’s stock option plan and changes during the six months ended June 30, 2022 is as follows: SCHEDULE OF STOCK OPTION ACTIVITY Number of options Weighted average exercise price Balance - beginning of the year - $ - Granted 18,641 20.70 Exercised - - Cancelled - - Balance - end of period 18,641 $ 20.70 |
GENERAL AND ADMINISTRATIVE EX_2
GENERAL AND ADMINISTRATIVE EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
General And Administrative Expenses | |
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSE | SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSE 2021 2020 Year ended December 31, 2021 2020 Salaries $ 1,016,881 $ 143,065 Share based compensation 2,889,567 4,302,978 Professional fees 225,384 117,860 Other 79,523 34,399 Total general and administrative expenses $ 4,211,355 $ 4,598,302 Curative Biotechnology, Inc Notes to Financial Statements |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE | The components of income tax provision (benefit) related to continuing operations are as follows at December 31: SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE 2021 2020 Current $ - $ - Deferred $ - $ - Total tax provisions $ - $ - |
SCHEDULE OF EFFECTIVE RECONCILIATION INCOME TAX RATE | The following is a reconciliation of the effective income tax rate with the statutory income tax rate at December 31: SCHEDULE OF EFFECTIVE RECONCILIATION INCOME TAX RATE 2021 2020 U.S. Federal statutory income tax rate (21 )% (21 )% State income tax, net of federal benefit (4.5 )% (4.5 )% Valuation allowance 25.5 % 25.5 % Total 0.0 % 0.0 % |
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES | The net deferred tax assets and liabilities included in the financial statements consist of the following amounts at December 31: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2021 2020 Deferred tax assets: Net operating loss carry forwards $ 1,337,957 $ 831,988 Stock based compensation 1,600,548 958,197 Other - (10,061 ) Total 2,938,505 1,780,124 Deferred tax liabilities: - - Less: valuation allowance (2,938,505 ) (1,780,124 ) Net deferred tax assets $ - $ - |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |||
Sep. 26, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | |
Accounting Policies [Abstract] | ||||
Reverse stock split | 1-for-400 reverse stock split | |||
Dilutive shares of common stock equivalents | 0 | 0 | ||
Cash equivalents | $ 0 | $ 0 |
LIQUIDITY AND GOING CONCERN C_2
LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||
Net income loss | $ 1,418,430 | $ 1,015,654 | $ 4,102,134 | $ 4,404,418 | $ 5,340,354 | $ 4,670,255 |
Accumulated deficit | 31,041,348 | 31,041,348 | $ 26,917,036 | $ 8,099,627 | ||
Working capital | $ 3,000,000 | $ 3,000,000 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||
Apr. 30, 2022 | Sep. 30, 2021 | Jan. 31, 2021 | Dec. 31, 2020 | Oct. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets,value | $ 1,425,000 | $ 106,000 | |||||||||||||
Number of value, service | $ 21,960 | $ 23,300 | $ 15,000 | $ 51,750 | $ 518,177 | 540,136 | 36,800 | ||||||||
Common stock issued for services, shares | 500 | 16,250 | 3,125 | 3,750 | |||||||||||
Payments to acquire intangible assets | 14,500 | $ 34,300 | |||||||||||||
Website [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Number of value, service | $ 22,500 | $ 15,000 | |||||||||||||
Intangible assets remaining amortization period | 3 years | ||||||||||||||
Amortization of intangible assets | $ 5,625 | $ 6,250 | |||||||||||||
Common stock issued for services, shares | 3,750 | ||||||||||||||
Patents [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Research and Development Arrangement, Contract to Perform for Others, Description and Terms | The total cost for this license is 50,000 shares of the Company’s common stock, issuable in three tranches - | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 50,000 | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 17,500 | ||||||||||||||
Purchase of assets,value | $ 91,000 | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | Share-Based Payment Arrangement, Tranche One [Member] | Maximum [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 17,500 | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 16,250 | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | Maximum [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 16,250 | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 16,250 | ||||||||||||||
Patents [Member] | Investigational New Drug [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | Maximum [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 16,250 | ||||||||||||||
National Institute of Health Patent License One [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Payments for royalties | $ 10,000 | ||||||||||||||
National Institute of Health Patent License Two [Member] | Royalty [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Royalty expense | $ 8,500 | ||||||||||||||
National Institute of Health Patent License Two [Member] | Royalty One [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Intangible assets ability renew or extend arrangement | The license can be extended on the third anniversary to the remaining life of the licensed patent by the payment of a one-time non-refundable non-creditable royalty of $45,000. There are three benchmark royalties - $75,000 upon the initiation of the first Phase 2 Clinical Study; $300,000 upon the completion of Phase 3 Clinical Study and $600,000 upon the FDA approval of the first Licensed Product. Upon first commercial sale there is a royalty of $100,000 each for the United States, Canada, European Union and Asian region. Last is a 3.5% of net sales royalty | The license can be extended on the third anniversary to the remaining life of the licensed patent by the payment of a one-time non-refundable, non-creditable royalty of $45,000. There are three benchmark royalties - $75,000 upon the initiation of the first Phase 2 Clinical Study; $300,000 upon the completion of Phase 3 Clinical Study and $600,000 upon the FDA approval of the first Licensed Product. Upon first commercial sale there is a royalty of $100,000 each for the United States, Canada, European Union and Asian region. Last is a 3.5% of net sales royalty. | |||||||||||||
Payments for royalties | $ 45,000 | ||||||||||||||
Royalty expense | $ 5,000 | ||||||||||||||
Mid-Atlantic BioTheraputics, Inc [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Purchase of assets, shares | 31,250 | ||||||||||||||
Purchase of assets,value | $ 1,425,000 | ||||||||||||||
Mid-Atlantic BioTheraputics, Inc [Member] | Patents [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
License development | 6,500,000 | ||||||||||||||
IEM, Inc [Member] | Patents [Member] | |||||||||||||||
Finite-Lived Intangible Assets [Line Items] | |||||||||||||||
Cost of option | $ 1,800 | ||||||||||||||
Intangible assets ability renew or extend arrangement | The Company had until September 30, 2021, to advise IEM in writing that it wishes to exercise this Option Right and pay IEM $50,000 in exchange for an exclusive world-wide, royalty free perpetual license. In September 2021, the Company exercised the option to extend the deadline for notification in the contract with IEM, from September 30, 2020 to March 31, 2022, in exchange for the payment of $1,000 | ||||||||||||||
Payments to acquire intangible assets | $ 50,000 | ||||||||||||||
Intangible assets cost incurred to renew or extend, value | $ 1,000 | $ 1,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Jun. 30, 2021 | |
Related Party Transaction [Line Items] | ||||
Advances from related party | $ 48,083 | |||
Officer [Member] | Two Notes [Member] | ||||
Related Party Transaction [Line Items] | ||||
Principal amount | $ 40,000 | $ 40,000 | ||
Unamortized discount | $ 10,000 | $ 10,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Sep. 30, 2022 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2022 | Jun. 30, 2021 | |
Short-Term Debt [Line Items] | ||||||||
Proceeds from notes payable | $ 869,972 | $ 70,000 | ||||||
Purchase of common stock warrants | 10,590 | 64,788 | 12,500 | |||||
Share price | $ 45.60 | |||||||
Directors and Officers [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Debt instrument stated percentage | 5.65% | |||||||
Notes payable | $ 0 | $ 0 | ||||||
Series C Preferred Stock [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Issued and outstanding common stock shares, percentage | 2.64% | |||||||
13 Notes [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Debt conversion converted instrument shares issued | 27,343 | |||||||
Two Notes Payable [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Principal amount | $ 137,500 | |||||||
Original issue discount, percentage | 25% | |||||||
Proceeds from notes payable | $ 110,000 | |||||||
Maturity term | 6 months | |||||||
Maturity extension description | The maturity is extendable at the Company’s option for up to three months with a 3% per month extension fee | |||||||
Purchase of common stock warrants | 2,750 | |||||||
Unamortized discount | $ 9,533 | |||||||
Two Notes Payable [Member] | Series C Preferred Stock [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Issued and outstanding common stock shares, percentage | 9.24% | |||||||
13 Notes Payable [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Debt conversion converted instrument shares issued | 27,343 | |||||||
Principal amount | $ 568,750 | |||||||
Original issue discount, percentage | 25% | |||||||
Proceeds from notes payable | $ 455,000 | |||||||
Maturity term | 6 months | |||||||
Maturity extension description | The maturity is extendable at the Company’s option for up to three months with a 3% per month extension fee | |||||||
Purchase of common stock warrants | 11,375 | |||||||
Unamortized discount | $ 54,555 | |||||||
Share price | $ 24 | |||||||
Debt conversion converted instrument amount | $ 656,250 | |||||||
13 Notes Payable [Member] | Series C Preferred Stock [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Issued and outstanding common stock shares, percentage | 9.24% | |||||||
Promissory Note Exchange [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Proceeds from notes payable | $ 200,000 | |||||||
Short term debt terms | This note carries a 12% interest rate, interest payable monthly, and a six month maturity | |||||||
Debt instrument stated percentage | 12% | 12% | ||||||
Two Notes [Member] | Officer [Member] | ||||||||
Short-Term Debt [Line Items] | ||||||||
Principal amount | $ 40,000 | $ 40,000 | ||||||
Unamortized discount | $ 10,000 | $ 10,000 |
CONVERTIBLE SENIOR SECURED NO_2
CONVERTIBLE SENIOR SECURED NOTE PAYABLE (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Aug. 31, 2022 | Apr. 30, 2013 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Short-Term Debt [Line Items] | ||||||||||||
Issuance of common stock, shares | 32,898 | 10,902 | 25,000 | 21,250 | ||||||||
Proceeds from notes payable | $ 869,972 | $ 70,000 | ||||||||||
Class of warrant exercise price per share | $ 44 | $ 44 | $ 44 | |||||||||
Number of warrants | 64,788 | 10,590 | 12,500 | 10,590 | 64,788 | |||||||
Maximum [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Class of warrant exercise price per share | $ 60 | $ 56 | $ 40 | $ 20 | $ 56 | $ 60 | ||||||
Minimum [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Class of warrant exercise price per share | $ 36 | $ 60 | $ 80 | $ 60 | $ 36 | |||||||
Beginning in September 2022 [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt interest rate | 125% | |||||||||||
Debt discount amount | $ 900,000 | |||||||||||
Debt instrument redemption percentage | 110% | |||||||||||
Debt conversion, original debt, amount | $ 179,592 | |||||||||||
Debt redemption amount | $ 1,428,571 | |||||||||||
Number of warrant shares | 57,142 | |||||||||||
Class of warrant exercise price per share | $ 0.0001 | |||||||||||
Series C Preferred Stock [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt conversion price percentage | 30% | |||||||||||
Issued outstanding shares percentage | 2.64% | |||||||||||
Two Notes Payable [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument, face amount reduce | $ 137,500 | |||||||||||
Proceeds from notes payable | $ 110,000 | |||||||||||
Debt interest rate | 25% | |||||||||||
Debt discount amount | $ 9,533 | |||||||||||
Number of warrants | 2,750 | |||||||||||
Two Notes Payable [Member] | Series C Preferred Stock [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Warrant loaned | $ 1 | |||||||||||
Issued outstanding shares percentage | 9.24% | |||||||||||
12-month Senior Secured Note [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument, face amount reduce | $ 1,142,857 | |||||||||||
Debt interest rate | 12.50% | |||||||||||
Debt instrument original interest rate | 12.50% | |||||||||||
Proceeds from convertible debt | $ 869,972 | |||||||||||
Debt discount amount | 142,857 | |||||||||||
Legal fees | $ 125,714 | |||||||||||
Convertible Senior Secured Note Payable and Warrants [Member] | Lender [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Number of warrants | 4,761 | |||||||||||
Fair value of warrant | $ 58,884 | |||||||||||
Convertible Senior Secured Note Payable and Warrants [Member] | Lender [Member] | Maximum [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument, face amount reduce | 10,000,000 | |||||||||||
Convertible Senior Secured Note Payable and Warrants [Member] | Lender [Member] | Minimum [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument, face amount reduce | $ 7,200,000 | |||||||||||
Convertible Notes Payable [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument, face amount reduce | $ 97,500 | |||||||||||
Debt instrument interest rate | 4% | |||||||||||
Debt conversion price percentage | 90% | |||||||||||
Debt instrument conversion price per share | $ 0.40 | |||||||||||
Accrued interest | $ 128,700 | |||||||||||
Debt payment amount | $ 100,000 | |||||||||||
Issuance of common stock, shares | 5,000 |
LIABILITY TO ISSUE COMMON STO_2
LIABILITY TO ISSUE COMMON STOCK (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Mar. 31, 2020 | Dec. 31, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Issuance of common stock for services, shares | 500 | 16,250 | 3,125 | 3,750 | |||||
Issuance of common stock for services, value | $ 21,960 | $ 23,300 | $ 15,000 | $ 51,750 | $ 518,177 | $ 540,136 | $ 36,800 | ||
Common Stock [Member] | |||||||||
Issuance of common stock for services, shares | 2,500 | 500 | 2,500 | 21,288 | 21,787 | 4,250 | |||
Issuance of common stock for services, value | $ 7,400 | $ 21,960 | $ 2 | $ 2 |
SCHEDULE OF STOCKHOLDERS EQUITY
SCHEDULE OF STOCKHOLDERS EQUITY (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Beginning balance, value | $ (16,388,032) | $ (4,521,640) | $ (88,435) | $ (16,361,742) | $ (4,521,640) | $ (4,521,640) | $ (88,435) | |||
Common shares issued for services | $ 21,960 | $ 23,300 | $ 15,000 | 51,750 | 518,177 | 540,136 | 36,800 | |||
Common shares issued for services, shares | 500 | 16,250 | 3,125 | 3,750 | ||||||
Conversion to common shares | 1,564,251 | |||||||||
no transactions | $ 36,800 | 836,250 | 180,000 | |||||||
no transactions, shares | 4,250 | |||||||||
Ending balance, value | $ (16,361,742) | $ (4,521,640) | (19,118,767) | (16,388,032) | (16,361,742) | (4,521,640) | ||||
Series A Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Common shares issued for services | $ 1,560,840 | |||||||||
Common shares issued for services, shares | 100,000,000 | |||||||||
Series B Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Common shares issued for services, shares | 16,250 | |||||||||
Conversion to common shares | $ 656,250 | |||||||||
Conversion to common shares, shares | 27,343 | |||||||||
Series C Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
no transactions | $ 4,562,062 | |||||||||
no transactions, shares | 30,000,000 | |||||||||
Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Beginning balance, value | $ 8 | $ 29 | $ 29 | $ 8 | $ 29 | $ 29 | $ 29 | |||
Beginning balance, shares | 30,081,000 | 164,402,750 | 34,402,750 | 30,081,000 | 164,402,750 | 164,402,750 | 34,402,750 | |||
Common shares issued for services | ||||||||||
Conversion to common shares | [1] | |||||||||
Conversion to common shares, shares | (134,109,750) | |||||||||
no transactions | ||||||||||
Ending balance, value | $ 8 | $ 29 | $ 8 | $ 8 | $ 8 | $ 29 | ||||
Ending balance, shares | 30,081,000 | 164,402,750 | 30,081,000 | 30,081,000 | 30,081,000 | 164,402,750 | ||||
Preferred Stock [Member] | Series A Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Beginning balance, value | $ 13,411 | $ 3,411 | $ 13,411 | $ 13,411 | $ 3,411 | |||||
Beginning balance, shares | 134,109,750 | 34,109,750 | 134,109,750 | 134,109,750 | 34,109,750 | |||||
Common shares issued for services | $ 10,000 | |||||||||
Common shares issued for services, shares | 100,000,000 | |||||||||
Conversion to common shares | $ (13,411) | |||||||||
Conversion to common shares, shares | (134,109,750) | |||||||||
no transactions | ||||||||||
no transactions, shares | ||||||||||
Ending balance, value | $ 13,411 | $ 13,411 | ||||||||
Ending balance, shares | 134,109,750 | 134,109,750 | ||||||||
Preferred Stock [Member] | Series B Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Beginning balance, value | $ 29 | $ 29 | $ 8 | $ 29 | $ 29 | $ 29 | ||||
Beginning balance, shares | 293,000 | 293,000 | 81,000 | 293,000 | 293,000 | 293,000 | ||||
Common shares issued for services | ||||||||||
Common shares issued for services, shares | ||||||||||
Conversion to common shares | $ (21) | |||||||||
Conversion to common shares, shares | (212,000) | |||||||||
no transactions | ||||||||||
no transactions, shares | ||||||||||
Ending balance, value | $ 8 | $ 29 | $ 8 | $ 8 | $ 29 | |||||
Ending balance, shares | 81,000 | 293,000 | 81,000 | 81,000 | 293,000 | |||||
Preferred Stock [Member] | Series C Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Beginning balance, value | $ 3,000 | $ 3,000 | $ 3,000 | $ 3,000 | ||||||
Beginning balance, shares | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | ||||||
Common shares issued for services | $ 3,000 | |||||||||
Common shares issued for services, shares | 30,000,000 | |||||||||
Conversion to common shares | ||||||||||
Conversion to common shares, shares | ||||||||||
no transactions | ||||||||||
no transactions, shares | ||||||||||
Ending balance, value | $ 3,000 | $ 3,000 | $ 3,000 | $ 3,000 | $ 3,000 | |||||
Ending balance, shares | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | |||||
Preferred Stock [Member] | Series A, B and C Preferred Stock [Member] | ||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
Beginning balance, value | $ 16,440 | $ 3,440 | $ 3,008 | $ 16,440 | $ 16,440 | $ 3,440 | ||||
Beginning balance, shares | 164,402,750 | 34,402,750 | 30,081,000 | 164,402,750 | 164,402,750 | 34,402,750 | ||||
Common shares issued for services | $ 13,000 | |||||||||
Common shares issued for services, shares | 130,000,000 | |||||||||
Conversion to common shares | $ (13,432) | |||||||||
Conversion to common shares, shares | (134,321,750) | |||||||||
no transactions | ||||||||||
no transactions, shares | ||||||||||
Ending balance, value | $ 3,008 | $ 16,440 | $ 3,008 | $ 3,008 | $ 16,440 | |||||
Ending balance, shares | 30,081,000 | 164,402,750 | 30,081,000 | 30,081,000 | 164,402,750 | |||||
[1]Series A and Series C Preferred Stock amounts reflected in mezzanine equity |
DEFICIENCY IN STOCKHOLDERS EQ_3
DEFICIENCY IN STOCKHOLDERS EQUITY (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||
Jan. 20, 2022 | Apr. 30, 2013 | Aug. 31, 2022 | May 31, 2022 | Apr. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Aug. 31, 2021 | May 31, 2021 | Mar. 31, 2020 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 31, 2022 | |
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common stock, shares authorized | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | ||||||||||||||||||
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||||||||||||||
Common stock, shares issued | 1,426,629 | 1,426,629 | 832,500 | 1,429,129 | 1,426,629 | 832,500 | ||||||||||||||||||
Common stock, shares outstanding | 1,426,629 | 1,426,629 | 832,500 | 1,429,129 | 1,426,629 | 832,500 | ||||||||||||||||||
Preferred stock, shares authorized | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||||||||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||||||||||||||
Issuance of shares, value | $ 600,000 | $ 106,000 | $ 1,025,000 | $ 1,573,000 | ||||||||||||||||||||
Number of issuance, shares | 32,898 | 10,902 | 25,000 | 21,250 | ||||||||||||||||||||
Number of securities called by warrants or rights | 64,788 | 10,590 | 64,788 | 10,590 | 12,500 | 10,590 | 64,788 | |||||||||||||||||
Security deposit | $ 25,000 | $ 25,000 | $ 25,000 | |||||||||||||||||||||
Common shares issued for services, shares | 500 | 16,250 | 3,125 | 3,750 | ||||||||||||||||||||
Common shares issued for services | $ 21,960 | $ 23,300 | $ 15,000 | $ 51,750 | $ 518,177 | $ 540,136 | $ 36,800 | |||||||||||||||||
Number of vested shares | 150 | 625 | 150 | 625 | 150 | 150 | ||||||||||||||||||
Maturity period | 2024-12 | 2026-05 | ||||||||||||||||||||||
Share price | $ 44 | $ 44 | $ 44 | $ 44 | ||||||||||||||||||||
Number of common stock to settle liability | 2,500 | |||||||||||||||||||||||
Shares issued price per share | $ 4 | $ 8.64 | $ 7.46 | $ 4 | $ 8.64 | |||||||||||||||||||
Number of value conversion of convertible securities | $ 1,564,251 | |||||||||||||||||||||||
Exercise of warrants for services, shares | 16,250 | |||||||||||||||||||||||
Exchange of shares for services, shares | 4,250 | |||||||||||||||||||||||
Exchange of shares for services, valued | $ 36,800 | 836,250 | 180,000 | |||||||||||||||||||||
Vesting rate description | 50% of the Series C shares vested upon issuance and the other 50% vest in May 2021. The Company recorded 50% of the compensation expense upon issuance and 50% as a prepaid expense which will be amortized over the remaining of the six month service period. | |||||||||||||||||||||||
Deemed dividend | $ 13,477,055 | $ 4,440 | ||||||||||||||||||||||
Number of securities exchange warrants or rights | 64,788 | 64,788 | 64,788 | |||||||||||||||||||||
Warrants to purchase of common stock | $ 523,000 | |||||||||||||||||||||||
Mid Atlantic Bi-theraputics Inc [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Issuance of shares, value | $ 1,425,000 | |||||||||||||||||||||||
Number of issuance, shares | 31,250 | |||||||||||||||||||||||
Share-Based Payment Arrangement, Employee [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 2,500 | |||||||||||||||||||||||
Common shares issued for services | $ 51,750 | |||||||||||||||||||||||
Convertible Notes Payable [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Convertible threshold percentage of stock price trigger, percentage | 90% | |||||||||||||||||||||||
Debt instrument convertible conversion price | $ 0.40 | |||||||||||||||||||||||
Number of issuance, shares | 5,000 | |||||||||||||||||||||||
Common shares issued for services, shares | 5,000 | |||||||||||||||||||||||
Common shares issued for services | $ 180,000 | |||||||||||||||||||||||
Forecast [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Number of vested shares | 175 | 175 | ||||||||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common stock, shares authorized | 2,500 | |||||||||||||||||||||||
Number of vested shares | 625 | 625 | 150 | |||||||||||||||||||||
Advisory Board [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 625 | 625 | ||||||||||||||||||||||
Common shares issued for services | $ 22,500 | |||||||||||||||||||||||
Number of vested shares | 150 | 150 | ||||||||||||||||||||||
Advisory Board [Member] | Forecast [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Number of vested shares | 175 | |||||||||||||||||||||||
Advisory Board [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Number of vested shares | 150 | |||||||||||||||||||||||
Board of Directors [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 750 | |||||||||||||||||||||||
Common shares issued for services | $ 36,720 | |||||||||||||||||||||||
Advisory Board One [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 625 | |||||||||||||||||||||||
Common shares issued for services | $ 28,475 | |||||||||||||||||||||||
Employee [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 2,100 | |||||||||||||||||||||||
Number of vested shares | 525 | 525 | ||||||||||||||||||||||
Employee [Member] | Subsequent Event [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Number of vested shares | 525 | |||||||||||||||||||||||
Employees [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Number of issuance, shares | 2,500 | |||||||||||||||||||||||
Number of vested shares | 525 | |||||||||||||||||||||||
Two Employees [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 2,100 | |||||||||||||||||||||||
MABT's COVID-19 Vaccine [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Issuance of shares, value | $ 1,425,000 | |||||||||||||||||||||||
Number of issuance, shares | 31,250 | |||||||||||||||||||||||
Common Stock [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Issuance of shares, value | $ 523,000 | $ 425,000 | $ 525,000 | $ 4 | $ 7 | |||||||||||||||||||
Number of issuance, shares | 32,898 | 26,250 | 35,904 | 68,802 | ||||||||||||||||||||
Number of securities called by warrants or rights | 57,142 | 1,008 | 10,590 | 57,142 | 1,008 | 10,590 | 26,250 | 11,375 | 10,590 | 1,008 | 11,375 | |||||||||||||
Common shares issued for services, shares | 2,500 | 500 | 2,500 | 21,288 | 21,787 | 4,250 | ||||||||||||||||||
Common shares issued for services | $ 7,400 | $ 21,960 | $ 2 | $ 2 | ||||||||||||||||||||
Preferred stock shares issued upon conversion | 339,591 | |||||||||||||||||||||||
Share price | $ 20 | $ 20 | ||||||||||||||||||||||
Shares issued price per share | $ 17.84 | $ 5 | $ 5 | |||||||||||||||||||||
Number of common stock to settled | 937 | |||||||||||||||||||||||
Value of common stock settled | $ 11,250 | |||||||||||||||||||||||
Number of shares conversion of convertible securities | 339,592 | |||||||||||||||||||||||
Number of value conversion of convertible securities | $ 34 | |||||||||||||||||||||||
Exchange of shares for services, shares | 32,344 | 5,000 | ||||||||||||||||||||||
Exchange of shares for services, valued | $ 3 | $ 1 | ||||||||||||||||||||||
Conversion of stock shares issued | 203,000 | |||||||||||||||||||||||
Warrants and rights outstanding | $ 900,000 | $ 900,000 | $ 54,555 | $ 54,555 | ||||||||||||||||||||
Common Stock [Member] | Convertible Debt [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Shares issued price per share | $ 24 | |||||||||||||||||||||||
Number of shares conversion of convertible securities | 27,343 | |||||||||||||||||||||||
Number of value conversion of convertible securities | $ 656,250 | |||||||||||||||||||||||
Common Stock [Member] | Exchange for Services [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Common shares issued for services, shares | 312 | |||||||||||||||||||||||
Common shares issued for services | $ 5,575 | |||||||||||||||||||||||
Number of value, services | $ 5,575 | |||||||||||||||||||||||
Warrant [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Issuance of shares, value | $ 25,000 | |||||||||||||||||||||||
Number of issuance, shares | 1,008 | |||||||||||||||||||||||
Number of securities called by warrants or rights | 63,780 | 2,500 | 63,780 | 2,500 | 2,500 | 2,750 | 2,500 | 63,780 | ||||||||||||||||
Common shares issued for services | $ 325,000 | |||||||||||||||||||||||
Maturity period | 2024-12 | 2024-07 | ||||||||||||||||||||||
Share price | $ 49.60 | $ 49.60 | $ 20 | $ 49.60 | $ 20 | |||||||||||||||||||
Warrants and rights outstanding | $ 34,382 | $ 34,382 | $ 51,906 | $ 9,533 | $ 34,382 | |||||||||||||||||||
Series A Preferred Stock [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Preferred stock voting rights description | Series A Preferred carry 10 votes for each share of common stock that each Series A shares are convertible into at the record date; | Series A Preferred carry 10 votes for each share of common stock that each Series A shares are convertible into at the record date | ||||||||||||||||||||||
Convertible threshold percentage of stock price trigger, percentage | 35% | 35% | ||||||||||||||||||||||
Debt instrument redemption price percentage | 45% | 45% | ||||||||||||||||||||||
Issuance of shares, value | $ 5,000,000 | $ 5,000,000 | ||||||||||||||||||||||
Common shares issued for services, shares | 100,000,000 | |||||||||||||||||||||||
Common shares issued for services | $ 1,560,840 | |||||||||||||||||||||||
Preferred stock shares issued upon conversion | 339,591 | |||||||||||||||||||||||
Shares issued price per share | $ 0.0156 | 0.0156 | ||||||||||||||||||||||
Series B Preferred Stock [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Debt instrument redemption price percentage | 125% | 125% | ||||||||||||||||||||||
Debt instrument convertible conversion price | $ 3 | $ 3 | $ 3 | $ 3 | ||||||||||||||||||||
Number of issuance, shares | 26,250 | |||||||||||||||||||||||
Number of securities called by warrants or rights | 26,250 | |||||||||||||||||||||||
Common shares issued for services, shares | 16,250 | |||||||||||||||||||||||
Preferred stock convertible shares issuable | 9,000 | 9,000 | 203,000 | 9,000 | ||||||||||||||||||||
Preferred stock shares issued upon conversion | 3,000 | 3,000 | 67,666 | 3,000 | ||||||||||||||||||||
Shares issued price per share | $ 24 | |||||||||||||||||||||||
Number of shares conversion of convertible securities | 27,343 | |||||||||||||||||||||||
Number of value conversion of convertible securities | $ 656,250 | |||||||||||||||||||||||
Exercise of warrants for services, shares | 16,250 | |||||||||||||||||||||||
Conversion of stock shares issued | 67,666 | |||||||||||||||||||||||
Warrants and rights outstanding | $ 525,000 | |||||||||||||||||||||||
Series C Preferred Stock [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Convertible threshold percentage of stock price trigger, percentage | 30% | |||||||||||||||||||||||
Shares issued price per share | $ 0.152 | $ 0.152 | ||||||||||||||||||||||
Exchange of shares for services, shares | 30,000,000 | |||||||||||||||||||||||
Exchange of shares for services, valued | $ 4,562,062 | |||||||||||||||||||||||
Series A Convertible Preferred Stock [Member] | Common Stock [Member] | ||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||
Conversion of stock shares issued | 339,591 |
WARRANTS (Details Narrative)
WARRANTS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Jan. 20, 2022 | May 31, 2022 | Apr. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Aug. 31, 2021 | May 31, 2021 | Mar. 31, 2020 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2022 | |
Purchase of common stock warrants | 64,788 | 10,590 | 64,788 | 10,590 | 12,500 | 10,590 | 64,788 | ||||||||||||||
Sale of stock number of shares issued in transaction | 1,008 | 10,902 | 25,000 | ||||||||||||||||||
Warrant term | 2024-12 | 2026-05 | |||||||||||||||||||
Warrant exercise price per share | $ 44 | $ 44 | $ 44 | $ 44 | |||||||||||||||||
Warrants outstanding | $ 87,249 | ||||||||||||||||||||
Shares vested | 150 | 625 | 150 | 625 | 150 | 150 | |||||||||||||||
Stock Issued During Period, Value, New Issues | $ 600,000 | $ 106,000 | $ 1,025,000 | $ 1,573,000 | |||||||||||||||||
Exercise of warrants shares | 26,250 | ||||||||||||||||||||
SharesIssued | 16,250 | ||||||||||||||||||||
Common shares issued for services | $ 21,960 | $ 23,300 | $ 15,000 | $ 51,750 | $ 518,177 | $ 540,136 | $ 36,800 | ||||||||||||||
Common shares issued for services, shares | 500 | 16,250 | 3,125 | 3,750 | |||||||||||||||||
Expected term | 10 years | 5 years | 3 years | 5 years | 5 years | ||||||||||||||||
Share price | $ 45.60 | $ 45.60 | $ 45.60 | ||||||||||||||||||
Expected volatility rate | 35.13% | 44.12% | 44.12% | ||||||||||||||||||
Exercise price | 44 | $ 44 | 44 | ||||||||||||||||||
Expected dividend rate | 1.47% | ||||||||||||||||||||
Common shares issued for cash, shares | 32,898 | 10,902 | 25,000 | 21,250 | |||||||||||||||||
Stock issued during period shares exercise of warrants | 16,250 | ||||||||||||||||||||
Convertible Senior Secured Note [Member] | |||||||||||||||||||||
Warrant exercise price per share | $ 0.0001 | ||||||||||||||||||||
Two Peoples [Member] | |||||||||||||||||||||
Purchase of common stock warrants | 16,875 | 16,875 | |||||||||||||||||||
Warrant outstanding amount | $ 44,135 | $ 44,135 | |||||||||||||||||||
Share price | $ 12 | $ 12 | |||||||||||||||||||
Exercise price | $ 20 | $ 20 | |||||||||||||||||||
Subsequent Event [Member] | |||||||||||||||||||||
Shares vested | 625 | 625 | 150 | ||||||||||||||||||
Legal Services [Member] | |||||||||||||||||||||
Purchase of common stock warrants | 7,500 | ||||||||||||||||||||
Warrant outstanding amount | $ 155,717 | ||||||||||||||||||||
Minimum [Member] | |||||||||||||||||||||
Warrant exercise price per share | $ 36 | 60 | $ 36 | $ 60 | $ 80 | 60 | $ 36 | ||||||||||||||
Minimum [Member] | Two Peoples [Member] | |||||||||||||||||||||
Expected volatility rate | 30.22% | ||||||||||||||||||||
Expected dividend rate | 0.08% | ||||||||||||||||||||
Maximum [Member] | |||||||||||||||||||||
Warrant exercise price per share | $ 60 | $ 56 | $ 60 | $ 56 | 40 | $ 20 | $ 56 | $ 60 | |||||||||||||
Maximum [Member] | Two Peoples [Member] | |||||||||||||||||||||
Expected volatility rate | 109.96% | ||||||||||||||||||||
Expected dividend rate | 0.11% | ||||||||||||||||||||
Maximum [Member] | Legal Services [Member] | |||||||||||||||||||||
Warrant exercise price per share | $ 40 | ||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||
Purchase of common stock warrants | 1,008 | 10,590 | 1,008 | 10,590 | 26,250 | 11,375 | 10,590 | 1,008 | 11,375 | 57,142 | |||||||||||
Warrant exercise price per share | $ 20 | $ 20 | |||||||||||||||||||
Warrant outstanding amount | $ 54,555 | $ 54,555 | $ 900,000 | ||||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 523,000 | $ 425,000 | $ 525,000 | $ 4 | $ 7 | ||||||||||||||||
Common shares issued for services | $ 7,400 | $ 21,960 | $ 2 | $ 2 | |||||||||||||||||
Common shares issued for services, shares | 2,500 | 500 | 2,500 | 21,288 | 21,787 | 4,250 | |||||||||||||||
Warrants description | 100 | the Company in conjunction with the issuance of short-term debt at the rate of 2.5 warrants for each $100 loaned | |||||||||||||||||||
Common shares issued for cash, shares | 32,898 | 26,250 | 35,904 | 68,802 | |||||||||||||||||
Common Stock [Member] | Lender [Member] | |||||||||||||||||||||
Purchase of common stock warrants | 4,761 | ||||||||||||||||||||
Warrant [Member] | |||||||||||||||||||||
Purchase of common stock warrants | 63,780 | 2,500 | 63,780 | 2,500 | 2,500 | 2,750 | 2,500 | 63,780 | |||||||||||||
Sale of stock number of shares issued in transaction | 31,890 | ||||||||||||||||||||
Warrant term | 2024-12 | 2024-07 | |||||||||||||||||||
Warrant exercise price per share | $ 49.60 | $ 49.60 | $ 20 | $ 49.60 | $ 20 | ||||||||||||||||
Warrant outstanding amount | $ 34,382 | $ 34,382 | $ 51,906 | $ 9,533 | $ 34,382 | ||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 25,000 | ||||||||||||||||||||
Common shares issued for services | $ 325,000 | ||||||||||||||||||||
Common shares issued for cash, shares | 1,008 | ||||||||||||||||||||
Warrants [Member] | |||||||||||||||||||||
Purchase of common stock warrants | 12,500 | ||||||||||||||||||||
Warrant exercise price per share | $ 20 | ||||||||||||||||||||
Warrant outstanding amount | $ 40,600 | ||||||||||||||||||||
Warrants [Member] | Minimum [Member] | |||||||||||||||||||||
Share price | $ 16 | ||||||||||||||||||||
Expected volatility rate | 60.51% | ||||||||||||||||||||
Exercise price | $ 20 | ||||||||||||||||||||
Expected dividend rate | 0.09% | ||||||||||||||||||||
Warrants [Member] | Minimum [Member] | Black Scholes [Member] | |||||||||||||||||||||
Exercise price | $ 0.0001 | ||||||||||||||||||||
Warrants [Member] | Maximum [Member] | |||||||||||||||||||||
Share price | $ 40 | ||||||||||||||||||||
Expected volatility rate | 31.56% | ||||||||||||||||||||
Exercise price | $ 80 | ||||||||||||||||||||
Expected dividend rate | 0.83% |
OPTIONS (Details Narrative)
OPTIONS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Sep. 30, 2022 | Jan. 31, 2022 | Sep. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Common shares issued for cash, shares | 32,898 | 10,902 | 25,000 | 21,250 | |||||||||
Share price | $ 45.60 | $ 45.60 | |||||||||||
Common shares issued for cash | $ 600,000 | $ 106,000 | $ 1,025,000 | $ 1,573,000 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term | 10 years | 5 years | 3 years | 5 years | 5 years | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 35.13% | 44.12% | 44.12% | ||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price | $ 44 | $ 44 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 1.47% | ||||||||||||
Purchase shares of common stock | 18,641 | 18,641 | 18,641 | 18,641 | |||||||||
Aggregate intrinsic value of vested share options | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||
Exercise price | $ 20.70 | $ 20.70 | $ 20.70 | $ 20.70 | |||||||||
Equity Option [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Share based compensation expense | $ 218,000 | $ 218,000 | |||||||||||
Board of Advisory [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Options percentage | 1% | ||||||||||||
Common shares issued for cash, shares | 20,202 | ||||||||||||
Proceeds from offering | $ 5,000,000 | ||||||||||||
Share price | $ 44 | $ 44 | |||||||||||
Common shares issued for cash | $ 436,908 | ||||||||||||
Options vested percentage | 50% | ||||||||||||
Board of Advisory [Member] | Subsequent Event [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Options vested percentage | 50% | ||||||||||||
Three Employees [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Purchase shares of common stock | 18,641 | ||||||||||||
Aggregate intrinsic value of vested share options | $ 155,250 | ||||||||||||
Exercise price | $ 20.70 | ||||||||||||
Stock option, term | 5 years | ||||||||||||
Three Employees [Member] | Subsequent Event [Member] | Equity Option [Member] | |||||||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | |||||||||||||
Share price | $ 20.70 | ||||||||||||
Stock option, term | 5 years |
SCHEDULE OF FAIR VALUE OF STOCK
SCHEDULE OF FAIR VALUE OF STOCK OPTION ASSUMPTIONS (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | Sep. 30, 2022 | |
Equity Incentive Plan | |||||
Risk-free interest rate | 1.55% | 1.55% | |||
Exercise price | $ 20.70 | $ 20.70 | |||
Expected life | 10 years | 5 years | 3 years | 5 years | 5 years |
Expected volatility | 35.13% | 44.12% | 44.12% | ||
Expected dividends |
SCHEDULE OF STOCK OPTION ACTIVI
SCHEDULE OF STOCK OPTION ACTIVITY (Details) - $ / shares | 6 Months Ended | 9 Months Ended |
Jun. 30, 2022 | Sep. 30, 2022 | |
Equity Incentive Plan | ||
Number of options, Beginning balance | ||
Weighted Average Exercise Price, Beginning Balance | ||
Number of options, Granted | 18,641 | 18,641 |
Weighted Average Exercise Price, Granted | $ 20.70 | $ 20.70 |
Number of options,Exercised | ||
Weighted Average Exercise Price,Exercised | ||
Number of options, Cancelled | ||
Weighted Average Exercise Price, Cancelled | ||
Number of options, Ending Balance | 18,641 | 18,641 |
Weighted Average Exercise Price, Ending Balance | $ 20.70 | $ 20.70 |
EQUITY INCENTIVE PLAN (Details
EQUITY INCENTIVE PLAN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||||
Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | Sep. 30, 2022 | |
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||
Common shares issued for cash, shares | 32,898 | 10,902 | 25,000 | 21,250 | ||||
Number of options, Granted | 18,641 | 18,641 | ||||||
Weighted average exercise price, granted | $ 20.70 | $ 20.70 | ||||||
Expected term | 10 years | 5 years | 3 years | 5 years | 5 years | |||
Number of options, Granted | 18,641 | 18,641 | ||||||
Non-vested options outstanding | 0 | |||||||
Aggregate intrinsic value of vested share options | $ 0 | $ 0 | ||||||
Employees [Member] | ||||||||
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items] | ||||||||
Common shares issued for cash, shares | 2,500 | |||||||
Number of options, Granted | 18,641 | |||||||
Weighted average exercise price, granted | $ 20.70 | |||||||
Expected term | 5 years | |||||||
Weighted-average grant date fair value | $ 8.32 | |||||||
Share-based payment arrangement, expense | $ 243,435 | $ 207,000 |
SCHEDULE OF GENERAL AND ADMINIS
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSE (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
General And Administrative Expenses | ||||||
Salaries | $ 1,016,881 | $ 143,065 | ||||
Share based compensation | $ 491,641 | $ 2,913,676 | 2,889,567 | 4,302,978 | ||
Professional fees | 225,384 | 117,860 | ||||
Other | 79,523 | 34,399 | ||||
Total general and administrative expenses | $ 622,252 | $ 738,367 | $ 1,777,596 | $ 3,837,554 | $ 4,211,355 | $ 4,598,302 |
IMPAIRMENT OF LONG LIVED ASSE_2
IMPAIRMENT OF LONG LIVED ASSETS (Details Narrative) - USD ($) | 3 Months Ended | ||
Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Depreciation | $ 1,958 | ||
Indefinite lved intangble assets written off | $ 15,000 | ||
Impairment charge | $ 34,516 |
SCHEDULE OF COMPONENTS OF INCOM
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Current | ||
Deferred | ||
Total tax provisions |
SCHEDULE OF EFFECTIVE RECONCILI
SCHEDULE OF EFFECTIVE RECONCILIATION INCOME TAX RATE (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
U.S. Federal statutory income tax rate | (21.00%) | (21.00%) |
State income tax, net of federal benefit | (4.50%) | (4.50%) |
Valuation allowance | 25.50% | 25.50% |
Total | 0% | 0% |
SCHEDULE OF DEFERRED TAX ASSETS
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry forwards | $ 1,337,957 | $ 831,988 |
Stock based compensation | 1,600,548 | 958,197 |
Other | (10,061) | |
Total | 2,938,505 | 1,780,124 |
Less: valuation allowance | (2,938,505) | (1,780,124) |
Net deferred tax assets |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Deferred tax asset change in valuation allowance | $ 1,158,381 | $ 1,021,331 |
Effective income tax rate percentage | 100% |
CONCENTRATIONS OF CREDIT RISK (
CONCENTRATIONS OF CREDIT RISK (Details Narrative) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Risks and Uncertainties [Abstract] | |||
Cash, FDIC insured amount | $ 0 | $ 416,178 | $ 0 |
SUBSEQUENT EVENTS (Details Narr
SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | ||||||||
Oct. 14, 2022 | Sep. 30, 2022 | Mar. 31, 2022 | Jan. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | |
Subsequent Event [Line Items] | ||||||||||
Purchase of common stock warrants | 64,788 | 10,590 | 12,500 | |||||||
Class of warrant exercise price per share | $ 44 | $ 44 | ||||||||
Common stock shares | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | |||||||
Common Stock, Value, Issued | $ 143 | $ 143 | $ 83 | |||||||
Common Stock, Shares, Issued | 1,429,129 | 1,426,629 | 832,500 | |||||||
Share price | $ 45.60 | |||||||||
Warrant [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Purchase of common stock warrants | 63,780 | 2,500 | 2,500 | 2,750 | ||||||
Class of warrant exercise price per share | $ 49.60 | $ 20 | ||||||||
Three Employees [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Stock option, term | 5 years | |||||||||
Subsequent Event [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Debt Instrument, Face Amount | $ 179,592 | |||||||||
Common stock shares | 2,500 | |||||||||
Common Stock, Value, Issued | $ 51,750 | |||||||||
Common stock value subscriptions | $ 25,000 | |||||||||
Subsequent Event [Member] | Convertible Senior Secured Note Payable and Warrants [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Purchase of common stock warrants | 66,666 | |||||||||
Fair value adjustment of warrants | $ 60,000 | |||||||||
Subsequent Event [Member] | Convertible Senior Secured Note Payable and Warrants [Member] | Warrant [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Purchase of common stock warrants | 4,761 | |||||||||
Subsequent Event [Member] | Equity Option [Member] | Three Employees [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Common Stock, Shares, Issued | 18,663 | |||||||||
Stock option, term | 5 years | |||||||||
Share price | $ 20.70 | |||||||||
Payments to purchase common stock | $ 155,250 | |||||||||
Subsequent Event [Member] | Senior Notes [Member] | ||||||||||
Subsequent Event [Line Items] | ||||||||||
Debt Instrument, Face Amount | $ 1,142,857 | $ 1,142,857 | ||||||||
Debt Instrument, Interest Rate, Effective Percentage | 12.50% | 12.50% | ||||||||
Debt Instrument, Payment Terms | The Note carries a 12.5% interest rate with interest only payable monthly from April through August 2022 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.50% | 12.50% | ||||||||
Proceeds from Issuance of Debt | $ 874,286 | |||||||||
Debt Instrument, Unamortized Discount | $ 1,000,000 | 142,857 | $ 142,857 | |||||||
Legal Fees | $ 125,714 | |||||||||
Monthly redemptions | 110% | |||||||||
Mandatory prepayment of original principal amount, percentage | 125% | |||||||||
Debt instrument, long term debt | $ 1,428,571 | |||||||||
Purchase of common stock warrants | 57,142 | |||||||||
Class of warrant exercise price per share | $ 0.0001 |