TruGolf (TRUG) 10-Q 20 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-40970
Entity Registrant Name	TRUGOLF HOLDINGS, INC.
Entity Central Index Key	0001857086
Entity Tax Identification Number	85-3269086
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	60 North 1400 West
Entity Address, City or Town	Centerville
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84014
City Area Code	(801)
Local Phone Number	298-1997
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	TRUG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,326,944

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 6,651,272	$ 3,297,564
Restricted cash		2,100,000
Marketable investment securities		2,478,953
Accounts receivable, net	2,630,257	2,398,872
Inventory, net	2,335,786	2,119,084
Prepaid expenses	118,662	262,133
Total current assets	11,735,977	12,656,606
Property and equipment, net	149,024	234,308
Capitalized software development costs, net	1,345,522
Right-of-use assets	806,352	972,663
Other long-term assets	31,057	1,905,983
Total assets	14,067,932	15,769,560
Current liabilities:
Accounts payable	3,209,680	2,059,771
Customer deposits	2,479,124	1,704,224
Deferred revenue	500,000
Line of credit, bank	802,738	802,738
Margin line of credit account		1,980,937
Convertible notes payable	954,622	954,622
Accrued interest	1,226,633	459,872
Accrued and other current liabilities	1,026,330	1,125,495
Accrued and other current liabilities - assumed in Merger	295,008
Lease liability, current portion	361,606	334,255
Total current liabilities	11,802,450	10,668,339
Non-current liabilities:
Notes payable assumed in the Merger	1,565,000
PIPE loan payable, net	4,209,197
Dividend notes payable	4,023,923	4,023,923
Gross sales royalty payable	1,000,000	1,000,000
Lease liability, net of current portion	478,539	668,228
Other liabilities	589,619	63,015
Total liabilities	24,576,036	19,687,288
Commitments and Contingencies
Stockholders’ deficit:
Preferred stock, $0.0001 par value, 10 million share authorized; zero shares issued and outstanding, respectively
Treasury stock at cost, 4,692 shares of common stock held, respectively	(2,037,000)	(2,037,000)
Additional paid-in capital	6,758,839	10,479,738
Accumulated other comprehensive loss		(1,662)
Accumulated deficit / losses	(15,231,269)	(12,358,924)
Total stockholders’ deficit	(10,508,104)	(3,917,728)
Total liabilities and stockholders’ deficit	14,067,932	15,769,560
Series A Common Stock [Member]
Stockholders’ deficit:
Common stock	1,154	120
Series B Common Stock [Member]
Stockholders’ deficit:
Common stock	172
Nonrelated Party [Member]
Current liabilities:
Notes payable	9,709	9,425
Non-current liabilities:
Note payables	14,808	2,402,783
Related Party [Member]
Current liabilities:
Notes payable	937,000	1,237,000
Non-current liabilities:
Note payables	$ 892,500	$ 861,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01
Treasury stock, shares	4,692	4,692
Series A Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	11,538,252	13,098
Common stock, shares outstanding	11,538,252	13,098
Series B Common Stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	1,716,860	0
Common stock, shares outstanding	1,716,860	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues, net	$ 3,873,163	$ 5,273,766	$ 8,885,185	$ 10,356,965
Cost of revenues	1,300,212	1,855,970	3,259,234	2,997,738
Gross profit	2,572,951	3,417,796	5,625,951	7,359,227
Operating expenses:
Royalties	223,150	101,124	553,038	316,756
Salaries, wages and benefits	1,117,287	1,687,596	2,958,881	3,919,030
Selling, general and administrative	2,017,556	1,218,500	3,842,758	7,617,386
Total operating expenses	3,357,993	3,007,220	7,354,677	11,853,172
(Loss) income from operations	(785,042)	410,576	(1,728,726)	(4,493,945)
Other (expenses) income:
Interest income	36,621	28,848	67,208	50,345
Interest expense	(820,908)	(439,267)	(1,205,762)	(907,421)
Loss on investment			(3,912)
Total other expense	(784,287)	(410,419)	(1,142,466)	(857,076)
Loss from operations before income taxes	(1,569,329)	157	(2,871,192)	(5,351,021)
Provision for income taxes
Net loss	$ (1,569,329)	$ 157	$ (2,871,192)	$ (5,351,021)
Basic net loss per share attributable to common stockholders	$ (0.12)	$ 0.01	$ (0.31)	$ (441.18)
Diluted net loss per share attributable to common stockholders	$ (0.12)	$ 0.01	$ (0.31)	$ (441.18)
Basic weighted average common shares	13,280,591	12,129	9,276,943	12,129
Diluted weighted average common shares	13,280,591	12,129	9,276,943	12,129

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Other Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net loss	$ (1,569,329)	$ 157	$ (2,871,192)	$ (5,351,021)
Other comprehensive income:
Unrealized gain in fair value of short-term investments		45,173	1,662	(33,259)
Comprehensive loss	$ (1,569,329)	$ 45,330	$ (2,869,530)	$ (5,384,280)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member] Series A Common Stock [Member]	Common Stock [Member] Series B Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance, value at Dec. 31, 2022		$ 100		$ (2,037,000)	$ 681,956		$ (2,075,815)	$ (3,430,759)
Balance, shares at Dec. 31, 2022		11,308		(4,692)
Net income							(5,351,178)	(5,351,178)
Issuance of common stock for services		$ 9			4,493,324			4,493,333
Issuance of common stock for services, shares		821
Unrealized gain in fair value of short term investments						11,914		11,914
Balance, value at Mar. 31, 2023		$ 109		$ (2,037,000)	5,175,280	11,914	(7,426,993)	(4,276,690)
Balance, shares at Mar. 31, 2023		12,129		(4,692)
Balance, value at Dec. 31, 2022		$ 100		$ (2,037,000)	681,956		(2,075,815)	(3,430,759)
Balance, shares at Dec. 31, 2022		11,308		(4,692)
Net income								(5,351,021)
Balance, value at Jun. 30, 2023		$ 109		$ (2,037,000)	5,175,280	(33,259)	(7,426,836)	(4,321,706)
Balance, shares at Jun. 30, 2023		12,129		(4,692)
Balance, value at Mar. 31, 2023		$ 109		$ (2,037,000)	5,175,280	11,914	(7,426,993)	(4,276,690)
Balance, shares at Mar. 31, 2023		12,129		(4,692)
Net income							157	157
Unrealized gain in fair value of short term investments						(45,173)		(45,173)
Balance, value at Jun. 30, 2023		$ 109		$ (2,037,000)	5,175,280	(33,259)	(7,426,836)	(4,321,706)
Balance, shares at Jun. 30, 2023		12,129		(4,692)
Balance, value at Dec. 31, 2023		$ 120		$ (2,037,000)	10,479,738	(1,662)	(12,358,924)	(3,917,728)
Balance, shares at Dec. 31, 2023		13,098		(4,692)
Realized gain in fair value of short term investments						1,662		1,662
Common stock exchanged in Merger		$ (120)			(3,854,573)			(3,854,693)
Common stock exchanged in Merger, shares		(13,098)
Common stock Series A exchanged and issued in Merger		$ 1,154			(1,154)
Common stock Series A exchanged and issued in Merger, shares		11,538,252
Common stock Series B issued in Merger			$ 172		(172)
Common stock Series B issued in Merger, shares			1,716,860
Net income							(1,301,864)	(1,301,864)
Balance, value at Mar. 31, 2024		$ 1,154	$ 172	$ (2,037,000)	6,623,839	0	(13,660,788)	(9,072,623)
Balance, shares at Mar. 31, 2024		11,538,252	1,716,860	(4,692)
Balance, value at Dec. 31, 2023		$ 120		$ (2,037,000)	10,479,738	(1,662)	(12,358,924)	(3,917,728)
Balance, shares at Dec. 31, 2023		13,098		(4,692)
Net income								(2,871,192)
Balance, value at Jun. 30, 2024		$ 1,154	$ 172	$ (2,037,000)	6,758,839	0	(15,231,269)	(10,508,104)
Balance, shares at Jun. 30, 2024		11,538,252	1,716,860	(4,692)
Balance, value at Mar. 31, 2024		$ 1,154	$ 172	$ (2,037,000)	6,623,839	0	(13,660,788)	(9,072,623)
Balance, shares at Mar. 31, 2024		11,538,252	1,716,860	(4,692)
Net income							(1,569,329)	(1,569,329)
Revaluation of costs of Merger					135,000		(1,152)	133,848
Balance, value at Jun. 30, 2024		$ 1,154	$ 172	$ (2,037,000)	$ 6,758,839	$ 0	$ (15,231,269)	$ (10,508,104)
Balance, shares at Jun. 30, 2024		11,538,252	1,716,860	(4,692)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (2,871,192)	$ (5,351,021)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization expense	173,200	28,091
Amortization of PIPE convertible notes original issue discount	24,197	139,848
Amortization of right-of-use asset	166,311	137,257
Bad debt expense		205,920
Change in OCI	1,662
Stock issued for services		4,493,333
Changes in operating assets and liabilities:
Accounts receivable, net	(231,385)	(1,165,029)
Inventory, net	(216,701)	(1,196,342)
Prepaid expenses	143,471	53,306
Other current assets	2,478,953	17,840
Other assets		(1,987,574)
Accounts payable	1,149,909	391,753
Customer deposits	774,900	(494,670)
Deferred revenue	500,000
Accrued interest	785,306	260,185
Accrued and other current liabilities	(99,165)	(402,424)
Other liabilities	(1,153)	13,699
Lease liability	(162,338)	(123,355)
Net cash provided by (used in) operating activities	2,615,975	(4,979,183)
Cash flows from investing activities:
Purchase of property and equipment		(65,381)
Capitalized software development costs	(1,433,438)
Reduction in long term assets	(75)	(2,415,853)
Net cash used in investing activities	(1,433,513)	(2,481,234)
Cash flows from financing activities:
Proceeds from line of credit		1,911,110
Proceeds from notes payable		1,666,666
Repayments of notes payable	(4,632)	(62,341)
Repayments of notes payable - related party	(268,500)	(18,500)
Payments on assumed liabilities in Merger	(15,716)
Proceeds from convertible notes		121,750
PIPE loan, net of OID discount	4,185,000
Cash acquired in Merger	103,818
Costs of Merger paid from PIPE loan	(1,947,787)
Repayment of line of credit	(1,980,937)
Dividends paid		(35,037)
Net cash provided by (used in) financing activities	71,246	3,583,648
Net change in cash, cash equivalents, and restricted cash	1,253,708	(3,876,769)
Cash, cash equivalents, and restricted cash, beginning of period	5,397,564	9,656,266
Cash, cash equivalents and restricted cash, end of period	6,651,272	5,779,497
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income tax
Cash paid for interest	679,887	647,242
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING and FINANCING ACTIVITIES:
Notes payable assumed in Merger	1,565,000
Accrued liabilities assumed in Merger	310,724
Remeasurement of common stock exchanged/issued in Merger	(1,875,724)
Right of Use Asset in exchange for lease liability		$ 537,995

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (1,569,329)	$ (1,301,864)	$ 157	$ (5,351,178)	$ (2,871,192)	$ (5,351,021)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b51 Arrangement Adopted	false
Non-Rule 10b51 Arrangement Adopted	false
Rule 10b51 Arrangement Terminated	false
Non-Rule 10b51 Arrangement Terminated	false

BUSINESS ORGANIZATION AND NATUR

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
BUSINESS ORGANIZATION AND NATURE OF OPERATIONS	Note 1 - Business Organization and Nature of Operations BUSINESS ORGANIZATION AND NATURE OF OPERATIONS On January 31, 2024 we completed the previously announced business combination pursuant to the terms of the Business Combination Agreement, dated as of July 21, 2023, which provided for, TruGolf Nevada being the surviving corporation of the merger and having become a direct, wholly owned subsidiary of Deep Medicine Acquisition Corp. (“DMAC”), a Delaware corporation and our predecessor company (“DMAQ”) as a consequence of the merger (together with the other transactions contemplated by the Business Combination Agreement). In connection with the consummation of the Business Combination, DMAQ changed its name to TruGolf Holdings, Inc. TruGolf Holdings, Inc.’s Class A common stock commenced trading on The Nasdaq Capital Market LLC under the ticker symbol “TRUG” on February 1, 2024. Trugolf Holdings, Inc. (the “Company” or “TruGolf”, “we”, “us”) was incorporated on July 8, 2020 as a Delaware corporation and formed for the purpose of effecting a business combination, with no material operation of its own. Our operations are conducted through our subsidiary TruGolf, Inc., a Nevada Corporation (“TruGolf Nevada”). TruGolf Nevada was formed as a Utah corporation on October 4, 1995, under the name “TruGolf, Incorporated”. TruGolf Nevada’s original business plan was the creation of golfing video games. On June 9, 1999, the TruGolf Nevada changed its name to “TruGolf, Inc.” Effective on April 26, 2016, TruGolf Nevada filed Articles of Merger with the State of Utah, Department of Commerce, and on April 28, 2016, TruGolf Nevada filed Articles of Merger with the Secretary of State of Nevada, pursuant to which TruGolf, Inc., a Utah corporation, merged with and into TruGolf Nevada, pursuant to a Plan of Merger. TruGolf Nevada was the surviving corporation in the merger. In connection with the Plan of Merger, TruGolf Nevada affected a four-for-one forward stock split of its outstanding common stock. For over 40 years, TruGolf, Incorporated (or “the Company”, “we”, “us”, or “our”) has been creating indoor golf software and hardware and are focused on both the residential and commercial golf simulation industries. We design, develop, manufacture and sell golf simulators for residential and commercial applications. We offer portable, professional, commercial and custom simulators. In addition, to bundling our software with our simulators, we offer our E6 Connect software and gaming software on a standalone basis. We have leveraged the power of our hardware and software platform to create a collection of multi-sport games including football, soccer, soccer golf, frisbee golf, zombie dodgeball, and cowboy target practice. TruGolf Nevada has been creating indoor golf software for 40 years. We began as a subsidiary of Access Software, Inc., a video game developer based in Salt Lake City, Utah (“ Access Software Since 1999, we have focused on establishing residential and commercial golf simulation as a viable industry, and since 2007, we have focused on fabricating custom golf simulators for luxury clients. Part of our initial strategy included partnering with hardware inventors to provide them world class software. Over time, we found that it was not viable to rely on these early hardware inventors alone, we also began building and selling our own hardware. In addition, we are working with a video game company to utilize their new dynamic graphics engine which will enable us to bring photorealistic golf courses to life through our E6 software (discussed below). In addition, we have developed multiple sources and 3 rd The Company is an “emerging growth company” as that term is used in the Jumpstart our Business Startups Act of 2012, and as such, has elected to comply with certain reduced public company reporting requirements. On May 10, 2024 the Company formed a wholly owned subsidiary in the state of Delaware. TruGolf Links Franchising, LLC (“Links”) has a sole member, TruGolf Holdings, Inc. Links was formed to establish and sell franchises that would use the Company’s Simulators and other equipment. A region consists of approximately 1,000,000 people in population, and the franchisee may sell up to ten (10) franchises within the region. The purchase price per region is $ 75,000 100,000

BUSINESS COMBINATION AND PURCHA

BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION	Note 2. BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION On January 31, 2024 the Company consummated the business combination (the “Closing”) contemplated by the previously announced Amended and Restated Agreement and Plan of Merger, dated as of July 21, 2023 (as amended, the “Merger Agreement”), by and among the Company, DMAC Merger Sub Inc., a Nevada corporation and a wholly-owned subsidiary of the Company (“Merger Sub”), Bright Vision Sponsor LLC, a Delaware limited liability company, in the capacity as the Purchaser Representative thereunder, Christopher Jones, in the capacity as the Seller Representative thereunder, and TruGolf, Inc., a Nevada corporation (“TruGolf”). As a result of the Closing and the transactions contemplated by the Merger Agreement, (i) Merger Sub merged with and into TruGolf (the “Merger”), with TruGolf surviving the Merger as a wholly-owned subsidiary of the Company, and (ii) the Company’s name was changed from Deep Medicine Acquisition Corp. (“DMAQ”) to TruGolf Holdings, Inc. The Company’s Class A common stock commenced trading on the Nasdaq Global Market LLC under the ticker symbol “TRUG” on February 1, 2024. Accounting for the Business Combination The Merger is accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, DMAQ was treated as the acquired company for accounting purposes, whereas TruGolf Nevada was treated as the accounting acquirer. In accordance with this method of accounting, the Business Combination has been treated as the equivalent of TruGolf Nevada issuing shares for the net assets of DMAQ, accompanied by a recapitalization. The net assets of DMAQ and TruGolf Nevada were stated at historical cost, with no goodwill or other intangible assets recorded, and operations prior to the Business Combination were those of TruGolf Nevada. TruGolf Nevada has been determined to be the accounting acquirer for purposes of the Business Combination based on an evaluation of the following facts and circumstances: ● Legacy TruGolf Nevada stockholders have a majority of the voting power of New TruGolf, ● TruGolf Nevada comprising the ongoing operations of New TruGolf, ● TruGolf Nevada contributing a majority of the governing body members of New TruGolf, and ● TruGolf Nevada’s senior management comprising the senior management of New TruGolf. Exchange of TruGolf Nevada Shares for Shares of New TruGolf Based on 13,098 570.10 7,467,134 SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION TruGolf Nevada Ordinary shares, par value $0.01 per share 13,098 Ordinary shares, par value $ 0.01 13,098 Exchange Ratio 570.10 Estimated shares of New TruGolf common stock issued to TruGolf Nevada shareholders upon Closing 7,467,134 The shares issued to legacy TruGolf Nevada shareholders consists of 5,750,274 1,716,860 The purchase price for the Merger was allocated to the net assets acquired on the basis of historical costs with no goodwill or other intangible assets recorded. The following summarizes the allocation of the purchase price to net assets acquired in the Merger: SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS Cash and cash equivalents $ 103,818 Net proceeds from investment fund (PIPE) 2,237,213 Accounts payable and accrued expenses (310,724 ) Loans payable (1,565,000 ) Net assets $ 465,307 PIPE Convertible Notes payable assumed in Merger $ 4,650,000 Less: Original Issue Discount of 10 (465,000 ) PIPE Convertible Notes payable, net 4,185,000 Payment of closing costs and other expenses (1,947,787 ) Net proceeds from PIPE Convertible Notes payable assume in Merger $ 2,237,213 On November 2, 2023 and December 7, 2023, Deep Medicine Acquisition Corp. (“DMAQ”) executed loan agreements with certain accredited investors (together, the “Prior Loan Agreements”) pursuant to which such investors agreed to loan DMAQ up to an aggregate $ 11,000,000 15,500,000 1,409,091 1,550,000 The Purchase Agreement contemplated the funding of the investment (the “Investment”) across multiple tranches. At the first closing (the “Initial Closing”) an aggregate principal amount of $ 4,650,000 4,185,000 10 As of June 30, 2024, the Company recorded PIPE Convertible Notes payable of $ 4,650,000 465,000 4,185,000 $152,645 2,401 Subject to satisfying the conditions discussed below, TruGolf Holdings, Inc. has the right under the Purchase Agreement, but not the obligation, to require that the PIPE Investors purchase additional Notes at up to two additional closings. Upon notice at any time after the 2nd trading day following the Initial Closing Date, TruGolf Holdings may require that the PIPE Investors purchase an additional aggregate principal amount of $ 4,650,000 4,185,000 6,200,000 5,580,000 In addition, pursuant to the Purchase Agreement, each PIPE Investor has the right, but not the obligation, to require that, upon notice, TruGolf Holdings sell to such PIPE Investor at one or more additional closings such PIPE Investor’s pro rata share of up to a maximum aggregate principal amount of $ 10,850,000 250,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 3 – Summary of Significant Accounting Policies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation - Unaudited Interim Financial Information The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) with respect to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. Certain information and disclosures normally included in the notes to the annual consolidated financial statements have been condensed or omitted from these interim unaudited condensed consolidated financial statements. Accordingly, these interim unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Registration Statement on Form S-1 and its amendments as filed with the SEC on February 14, 2024, in Form 8-K/A as filed with the SEC on April 17, 2024 and in Form 10-Q March 31, 2024 as filed with the SEC on August 14, 2024. Basis of Presentation – Accounting for the Business Combination The Merger was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, DMAQ was treated as the acquired company for accounting purposes, whereas TruGolf Nevada was treated as the accounting acquirer. In accordance with this method of accounting, the Business Combination was treated as the equivalent of TruGolf Nevada issuing shares for the net assets of DMAQ, accompanied by a recapitalization. The net assets of DMAQ and TruGolf Nevada were stated at historical cost, with no goodwill or other intangible assets recorded, and operations prior to the Business Combination were those of TruGolf Nevada. TruGolf Nevada has been determined to be the accounting acquirer for purposes of the Business Combination based on an evaluation of the following facts and circumstances: ● Legacy TruGolf Nevada stockholders have a majority of the voting power of New TruGolf, ● TruGolf Nevada comprising the ongoing operations of New TruGolf, ● TruGolf Nevada contributing a majority of the governing body members of New TruGolf, and ● TruGolf Nevada’s senior management comprising the senior management of New TruGolf. Basis of Presentation – Principles of consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Use of Estimates The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the financial statements and the reported amounts of expenses during the reported period. These assumptions and estimates could have a material effect on the financial statements. Actual results may differ materially from those estimates. The Company’s management periodically reviews estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause the Company to revise these estimates. Significant estimates include estimates used in the valuation allowance related to deferred tax assets and capitalized software costs. Actual results may differ from these estimates. Cash and Cash Equivalents Cash and cash equivalents include all cash on hand, demand deposits and short-term investments with original maturities of three months or less when purchased. As of June 30, 2024 and December 31, 2023, the Company’s cash and cash equivalents consisted of $ 6,651,272 5,397,564 250,000 5,238,762 4,251,124 Marketable Investment Securities The Company’s marketable investment securities are comprised of investments in corporate fixed income securities and U.S. Treasury securities. The Company designates investments in debt securities as available-for-sale. Available-for-sale debt securities with original maturities of three months or less from the date of purchase are classified within cash and cash equivalents. Available-for-sale debt securities are reported at fair value with the related unrealized gains and losses included in accumulated other comprehensive income (loss), a component of stockholders’ equity, net of tax. Realized gains and losses on the sale of marketable securities are determined using the average cost method on a first-in, first-out basis and recorded in total other income (expense), net in the statements of operations and comprehensive loss. The Company sold and liquidated most of its marketable securities during the six months ended June 30, 2024 resulting in a balance of $ 10,114 Accounts Receivable, net We manage credit risk associated with our accounts receivables at the customer level. Because the same customers typically generate the revenues that are accounted for under both Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (Topic 606) and Accounting Standards Codification Topic 326, Credit Losses (Topic 326)., the discussions below on credit risk and our allowances for doubtful accounts address our total revenues from Topic 606 and Topic 326. We believe the concentration of credit risk, with respect to our receivables, is limited because our customer base is comprised of a number of geographically diverse customers. We manage credit risk through credit approvals and other monitoring procedures. Pursuant to Topic 326 for our accounts receivables, we maintain an allowance for doubtful accounts that reflects our estimate of our expected credit losses. Our allowance is estimated using a loss rate model based on delinquency. The estimated loss rate is based on our historical experience with specific customers, our understanding of our current economic circumstances, reasonable and supportable forecasts, and our own judgment as to the likelihood of ultimate payment based upon available data. We believe our credit risk is somewhat mitigated by our geographically diverse customer base and our credit evaluation procedures. The actual rate of future credit losses, however, may not be similar to past experience. Our estimate of doubtful accounts could change based on changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, we may be required to increase or decrease our allowance for doubtful accounts. Based on management’s evaluation, there is a balance in the allowance for doubtful accounts of $ 1,227,136 Inventory, net All of our inventory consists of raw materials and are valued at the lower of historic cost or net realizable value; where net realizable value is considered to be the estimated selling price in the ordinary course of business, less reasonably predictable cost of completion, disposal and transportation. Historic inventory costs are calculated on an average or specific cost basis. The Company records inventory write-downs for excess or obsolete inventories based upon assumptions on current and future demand forecasts. As of June 30, 2024 and December 31, 2023, the Company had $ 448,360 429,050 Fair Value of Financial Instruments Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Financial Accounting Standards Board (“FASB”) fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows: Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities, Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly, Level 3 – Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions. Assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurements. We review the fair value hierarchy classification on a quarterly basis. Changes in the observable inputs may result in a reclassification of assets and liabilities within the three levels of the hierarchy outlined above. Property and Equipment Our property and equipment are recorded at cost and depreciated using the straight-line over the estimated useful lives. Ordinary repair and maintenance costs are included in sales, general and administrative (“SG&A”) expenses on our statements of operations. However, expenditures for additions or improvements that significantly extend the useful life of the asset are capitalized in the period incurred. At the time assets are sold or disposed of, the cost and accumulated depreciation are removed from their respective accounts and the related gains or losses are reflected in the statements of operations in gains from sales of property and equipment, net. We periodically evaluate the appropriateness of remaining depreciable lives assigned to property and equipment. Generally, we assign the following estimated useful lives to these categories: SCHEDULE OF ESTIMATED USEFUL LIVES Category Estimated Useful Life Software and computer equipment 3 10 Furniture and fixtures 3 15 Vehicles 5 Equipment 5 10 Capitalized software development costs We capitalize certain costs related to the development of our software used in our simulators. In accordance with authoritative guidance, including ASC 985-20, Software-Costs of Software to be Sold, Leased or Marketed 1,433,438 137,916 Impairment of Long-lived Assets Our long-lived assets principally consist of property and equipment and right-of-use assets. We review, on a regular basis, our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the asset to its estimated fair value. The determination of future cash flows as well as the estimated fair value of long-lived and intangible assets involves significant estimates and judgment on the part of management. Our estimates and assumptions may prove to be inaccurate due to factors such as changes in economic conditions, changes in our business prospects or other changing circumstances. Based on our most recently completed reviews, there were no indications of impairment associated with our long-lived assets. Leases Our lease portfolio is substantially comprised of operating leases related to leases for our corporate headquarters and warehouse. We determine whether an arrangement is a lease at the inception of the arrangement based on the terms and conditions in the contract. A contract contains a lease if there is an identified asset, and we have the right to control the asset for a period of time in exchange for consideration. Lease arrangements can take several forms. Some arrangements are clearly within the scope of lease accounting, such as a real estate contract that provides an explicit contractual right to use a building for a specified period of time in exchange for consideration. However, the right to use an asset can also be conveyed through arrangements that are not leases in form, such as leases embedded within service and supply contracts. We analyze all arrangements with potential embedded leases to determine if an identified asset is present, if substantive substitution rights are present, and if the arrangement provides the customer control of the asset. Operating lease right-of-use (“ROU”) assets represent our right to use an individual asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide the lessor’s implicit rate, we use our incremental borrowing rate (“IBR”) at the commencement date in determining the present value of lease payments by utilizing a fully collateralized rate for a fully amortizing loan with the same term as the lease. Lease terms include options to extend the lease when it is reasonably certain those options will be exercised. For leases with terms greater than 12 A ROU asset is subject to the same impairment guidance as assets categorized as property and equipment. As such, any impairment loss on ROU assets is presented in the same manner as an impairment loss recognized on other long-lived assets. A lease modification is a change to the terms and conditions of a contract that changes the scope or consideration of a lease. For example, a change to the terms and conditions to the contract that adds or terminates the right to use one or more underlying assets, or extends or shortens the contractual lease term, is a modification. Depending on facts and circumstances, a lease modification may be accounted for as either: (1) the original lease plus the lease of a separate asset(s) or (2) a modified lease. A lease will be remeasured if there are changes to the lease contract that do not give rise to a separate lease. Revenue Recognition The Company recognizes revenue when the products and services are delivered. The Company’s revenues are accounted for under ASC Topic 606, “Revenue From Contracts With Customers” (“ASC 606”). The fees are generally fixed at the point of sale and all consideration from contracts is included in the transaction price. The Company’s contracts do not include multiple performance obligations or material variable considerations. In accordance with ASC 606, the Company recognizes revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company recognizes revenue in accordance with that core principle by applying the following: (i) Identify the contract(s) with a customer; (ii) Identify the performance obligation in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; and (v) Recognize revenue when (or as) the Company satisfies a performance obligation. We derive our revenue principally from product sales, rentals and subscription fees paid by the customer. We recognize subscription fees income and costs over the life of the agreement. Cost of Revenues Cost of revenue includes direct materials, labor, manufacturing overhead costs and reserves for estimated warranty cost (excluding depreciation). Cost of revenues also includes charges to write down the carrying value of the inventory when it exceeds its estimated net realizable value and to provide for on-hand inventories that are either obsolete or in excess of forecasted demand. As a result of the introduction of the new simulator products in late 2022 and the sunsetting of older hardware models, management consistently reviews the inventory. During the six months ended June 30, 2024 and 2023, the Company recorded $ 239,583 232,119 Royalties We have royalty agreements with certain software suppliers to pay royalties based on the number of units and subscriptions sold. The royalty percentages range between 20 30 553,038 316,756 Income Taxes The Company utilizes the asset and liability approach to measure deferred tax assets and liabilities based on temporary differences existing at each balance sheet date using currently enacted tax rates in accordance with ASC 740. ASC 740 considers the differences between financial statement treatment and tax treatment of certain transactions. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rate is recognized as income or expense in the period that includes the enactment date of that rate. Prior to the Merger, the Company elected to be taxed as an S-Corporation that passes through all income and deductions to its members. The Company did not have any deferred tax benefits or liabilities prior to January 31, 2024. The Company has no tax positions as of June 30, 2024 and December 31, 2023 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes any interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. For the six months ending June 30, 2024 and the year ending December 31, 2023, the Company recognized no interest and penalties. Net Earnings (Loss) Per Share Net income (loss) per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net income (loss) per common share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive. The computation of basic and diluted income (loss) per share for the six months ended June 30, 2024 and 2023 excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price during the period. Total potential dilutive shares as of June 30, 2024 SCHEDULE OF POTENTIAL DILUTIVE SHARES PIPE Convertible Notes (assumes full funding of $ 15,500,000 6,700,000 Common stock – Series A warrants (assumes full funding of $ 15,500,000 1,409,091 Common stock – Series B warrants (assumes full funding of $ 15,500,000 1,550,000 Earnout shares – Earned in three Tranches over three years (assumes achievement of revenue and VWAP targets) 4,500,000 Underwriter warrants to I-Bankers convertible at $ 12.00 632,500 Total dilutive 14,791,591 Recent Accounting Pronouncements Management has evaluated all recent accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) and determined that none of the pronouncements will have a material impact on our financial statements. We will continue to monitor the issuance of any new accounting pronouncements and assess their potential impact on the financial statements in future periods. Concentration of Credit and Supplier Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash deposits and trade accounts receivable. Credit risk can be negatively impacted by adverse changes in the economy or by disruptions in the credit markets. We maintain our cash deposits with established commercial banks. At times, balances may exceed federally insured limits. We have not experienced any losses in such accounts and do not believe that we are exposed to any significant credit risk associated with our cash deposits. We believe that credit risk with respect to trade accounts receivable is somewhat mitigated by our large number of geographically diverse customers and our credit evaluation procedures. We record trade accounts receivables at sales value and establish specific reserves for certain customer accounts identified as known collection problems due to insolvency, disputes or other collection issues. The amounts of the specific reserves estimated by management are determined by a loss rate model based on delinquency. We maintain reserves for potential losses. There were no customers that accounted for more than 10.0 We purchase a significant amount of parts we consume in manufacturing our simulators from nationally known original equipment manufacturers, many of whom we have had over a 10 to 15 year relationship. While we do not have long-term contracts, we do issue purchase orders based on quoted prices terms. We purchase in the normal course of business approximately 50% of our assembly parts from six to eight manufacturers. We believe that while there are alternative suppliers, for the parts and equipment, we purchase in each of the principal product categories, termination of one or more of our relationships with any of our major suppliers of equipment could have a material adverse effect on our business. Warrants The fair value of the warrants is estimated on the date of issuance using the Black-Scholes option pricing model, which requires the input of subjective assumptions, including the expected term of the warrants, expected stock price volatility, and expected dividends. These estimates involve inherent uncertainties and the application of management’s judgment. Expected volatilities used in the valuation model are based on the average volatility of the comparable companies publicly traded on recognized stock exchanges. The risk-free rate for the expected term of the option is based on the United States Treasury yield curve in effect at the time of the grant.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
ACCOUNTS RECEIVABLE, NET	Note 4. ACCOUNTS RECEIVABLE, NET Accounts receivable and allowance for doubtful accounts consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS 2024 2023 Trade accounts receivable $ 3,757,393 $ 3,458,625 Other 100,000 167,383 Accounts receivable 3,857,393 3,626,008 Less allowance for doubtful accounts (1,227,136 ) (1,227,136 ) Total accounts receivable, net $ 2,630,257 $ 2,398,872 Accounts receivable are primarily made up of trade receivables due from customers in the ordinary course of business. In our normal course of business we have four customers that accounted for approximately 50

INVENTORY, NET

INVENTORY, NET	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
INVENTORY, NET	Note 5. INVENTORY, NET The following summarizes inventory as of June 30, 2024 and December 31, 2023: SCHEDULE OF INVENTORY 2024 2023 Inventory – raw materials $ 2,784,146 $ 2,548,134 Less reserve allowance for obsolescence (448,360 ) (429,050 ) Inventory, net $ 2,335,786 $ 2,119,084

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
SHORT-TERM INVESTMENTS	Note 6. SHORT-TERM INVESTMENTS In February 2023, we entered into a brokerage agreement and deposited $ 2,500,000 450,751 1,981,061 10,114 SCHEDULE OF MARKETABLE SECURITIES Corporate fixed income securities, weighted average yield and maturity of 5.39 2.38 459,531 Government securities, weighted average yield and maturity of 4.91 3.25 2,051,805 Total short-term investments $ 2,511,336 We classify our short-term investments as available-for-sale securities as we may sell these securities at any time for use in operations or for other purposes. We record such securities at fair value in our balance sheet, with unrealized gains or losses reported as a component of accumulated comprehensive loss. The amount of unrealized gains or losses reclassified into earnings is based on specific identification when the securities are sold. We periodically evaluate if any security has experienced credit-related declines in fair value, which are recorded against an allowance for credit losses with an offsetting entry to interest and other expense, net on the statement of operations. As of June 30, 2024, the Company had $ 10,114

OTHER LONG-TERM ASSETS

OTHER LONG-TERM ASSETS	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER LONG-TERM ASSETS	Note 7. OTHER LONG-TERM ASSETS The following summarizes other long-term assets as of June 30, 2024 and December 31, 2023: SCHEDULE OF OTHER LONG TERM ASSETS 2024 2023 Other long-term assets 74 Security deposit – Ethos Management loan $ - $ 1,875,000 Security deposits – leased facilities 30,983 30,983 Other long-term assets 74 Total other long-term assets $ 31,057 $ 1,905,983 As a condition of funding on the Ethos Management loan, we placed a $ 1,875,000 The Ethos Asset Management Loan Agreement (“Loan Agreement”) stipulates that fundings should happen approximately every 30 banking days, subject to Ethos completing periodic internal audits to ensure the Company was in compliance with the terms of loan agreement. Ethos Management informed the Company in August 2023, that unrelated to TruGolf, Ethos Management is currently undergoing a routine audit of its loan portfolio, and pending the close of the audit, borrowers may experience delays in drawing on funds when requested. Due to the lack of additional fundings and in accordance with the terms of the Loan Agreement, in February 2024, we sent Ethos a notice of termination for materially breaching the Loan Agreement. Based on the termination for default clause in the Loan Agreement, we are entitled to retain all the funds disbursed by Ethos and Ethos must release the deposit collateral, which offsets in part the loan payable of $ 2,383,059 81,560

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	Note 8. PROPERTY AND EQUIPMENT, NET The following summarizes property and equipment as of June 30, 2024 and December 31, 2023: SCHEDULE OF PROPERTY AND EQUIPMENT 2024 2023 Software and computer equipment $ 759,031 $ 809,031 Furniture and fixtures 230,883 230,883 Vehicles 59,545 59,545 Equipment 15,873 15,873 Property and equipment, gross 1,065,332 1,115,332 Less accumulated depreciation (916,308 ) (881,024 ) Property and equipment, net $ 149,024 $ 234,308 Depreciation expense for the six months ended June 30, 2024 and 2023, was $ 35,284 28,088 The following summarizes capitalized software development costs as of June 30, 2024: SCHEDULE OF CAPITALIZED SOFTWARE DEVELOPMENT COSTS Capitalized software development costs $ 1,483,438 Less accumulated amortization (137,916 ) Capitalized software development costs, net $ 1,345,522

CUSTOMER DEPOSITS

CUSTOMER DEPOSITS	6 Months Ended
	Jun. 30, 2024
CUSTOMER DEPOSITS	Note. 9. CUSTOMER DEPOSITS Customer deposits are advance payments from customers prior to manufacturing and shipping a simulator. The prepayment amounts and timing vary depending on the product to be manufactured and delivery location. Customer deposits are included in current liabilities until the balance is applied to an order at the time of invoicing. As of June 30, 2024 and December 31, 2023, and 2022, customer deposits were $ 2,479,124 1,704,224

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
NOTES PAYABLE	Note 10. NOTES PAYABLE Notes payable consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF NOTES PAYABLE 2024 2023 Note payable – Ethos Management INC $ - $ 2,499,999 Note payable – Mercedes-Benz 24,517 29,149 Note payable 24,517 2,529,148 Less deferred loan fees – Ethos Management Inc. - (116,940 ) Less current portion (9,709 ) (9,425 ) Long-term portion $ 14,808 $ 2,402,783 Note Payable – Ethos Management INC In January 2023, we entered into a financing agreement with Ethos Asset Management INC (the “Ethos Asset Management Loan” or “Ethos”) in the principal amount of up to $ 10 833,333 10 4 1,875,000 The Ethos Asset Management Loan Agreement (“Loan Agreement”) stipulates that fundings should happen approximately every 30 banking days, subject to Ethos completing periodic internal audits to ensure the Company was in compliance with the terms of loan agreement. Ethos Management informed the Company in August 2023, that unrelated to TruGolf, Ethos Management is currently undergoing a routine audit of its loan portfolio, and pending the close of the audit, borrowers may experience delays in drawing on funds when requested. Due to the lack of additional fundings and in accordance with the terms of the Loan Agreement, in February 2024, we sent Ethos a notice of termination for materially breaching the Loan Agreement. Based on the termination for default clause in the Loan Agreement, we are entitled to retain all the funds disbursed by Ethos and Ethos must release the deposit collateral, which is offset in part by the security collateral of $ 1,875,000 589,619 Note Payable – Mercedes-Benz In November 2020, we entered into a $ 59,545 5.90 908 Note Payable – JP Morgan Chase In June 2021, we entered into a $ 500,000 3.00 June 8, 2026 8,994 In December 2023, we entered into a one-year line of credit facility with JP Morgan. See Note 11 – Lines of Credit 257,113 Notes Payable – assumed in Merger The Company assumed notes payable from the Merger in the amount of $ 1,565,000 1,265,000 300,000 50,000 1,565,000

PIPE Loans

PIPE Loans	6 Months Ended
	Jun. 30, 2024
Pipe Loans
PIPE Loans	Note 11. PIPE Loans On February 2, 2024, the Company executed a securities purchase agreement (the “Purchase Agreement”) with each of the investors that executed the Prior Loan Agreements, which replaced, in their entirety, the Prior Loan Agreements, and with additional investors (together, the “PIPE Investors”). Pursuant to the terms and conditions of the Purchase Agreement, the PIPE Investors agreed to purchase from the Company (i) senior convertible notes in the aggregate principal amount of up to $ 15,500,000 1,409,091 1,550,000 The Purchase Agreement contemplates funding of the investment (the “Investment”) across multiple tranches. At the first closing (the “Initial Closing”) an aggregate principal amount of $ 4,650,000 4,185,000 10 As of June 30, 2024, the Company recorded PIPE Convertible Notes payable of $ 4,650,000 465,000 4,185,000 459,329 24,197 Subject to satisfying the conditions discussed below, the Company has the right under the Purchase Agreement, but not the obligation, to require that PIPE Investors purchase additional Notes at up to two additional closings. Upon notice at any time after the 2nd trading day following the Initial Closing Date, the Company may require that the PIPE Investors purchase an additional aggregate principal amount of $ 4,650,000 4,185,000 6,200,000 5,580,000 In addition, pursuant to the Purchase Agreement, each PIPE Investor has the right, but not the obligation, to require that, upon notice, the Company sell to such PIPE Investor at one or more additional closings such PIPE Investor’s pro rata share of up to a maximum aggregate principal amount of $ 10,850,000 250,000

RELATED PARTY NOTES PAYABLE

RELATED PARTY NOTES PAYABLE	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
RELATED PARTY NOTES PAYABLE	Note 12. RELATED PARTY NOTES PAYABLE Related party notes payable consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF RELATED PARTY NOTES PAYABLE 2024 2023 Notes payable - ARJ Trust $ 650,000 $ 650,000 Note payable - McKettrick 1,050,000 1,300,000 Note payable – Carver 129,500 148,000 Notes payable 1,829,500 2,098,000 Less current portion (937,000 ) (1,237,000 ) Long-term portion $ 892,500 $ 861,000 Future maturities of related party notes payable are as follows as of June 30, 2024: SCHEDULE OF FUTURE MATURITIES OF RELATED PARTY NOTES PAYABLE 2024 (six months) $ 968,500 2025 287,000 2026 287,000 2027 287,000 Total $ 1,829,500 Note Payable – ARJ Trust In December 2008, we entered into a $ 500,000 8.50 3,541 500,000 In June 2010, we entered into a second $ 150,000 8.50 1,063 150,000 As of June 30, 2024 and December 31, 2023, the principal balance outstanding was $ 650,000 2,911 March 31, 2024 March 31, 2025 The trustee of the ARJ Trust is a related party to the Company’s chief executive officer. Note Payable – McKettrick In May 2019, we entered into a $ 1,750,000 zero 250,000 December 1, 2027 There is a late fee of 5%, if not paid within 10 days of the due date. 250,000 50,000 Note Payable – Carver In January 2021, we entered into a $ 222,000 zero 18,500 October 1, 2027 18,500

LINES OF CREDIT

LINES OF CREDIT	6 Months Ended
	Jun. 30, 2024
Lines Of Credit
LINES OF CREDIT	Note 13. LINES OF CREDIT In December 2023, we entered into a $ 2,000,000 3.00 3.50 The line of credit was secured by a pledge of $ 2,100,000 802,738 During February 2023, the Company entered into a variable rate line of credit with Morgan Stanley which is secured by the marketable securities held in our brokerage account. As of June 30, 2024 and December 31, 2023, the balance outstanding was $ 10,114 1,980,937 7.21

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE	Note 14. CONVERTIBLE NOTES PAYABLE In May 2022, we entered into two separate but identical $ 300,000 600,000 10.00 15 292 no February 25, 2023 The warrants are exercisable at $ 4,800 five years 9,600 40.06 80.17 5.00 2.95 The Note Holder has the right, at any time on or after the issuance date and prior to the maturity date, to convert all or any portion of the then outstanding and unpaid principal plus any accrued interest thereon into shares of the Company’s common stock. The per share conversion price will be convertible into shares of common stock equal to 70 In the event the Company (i) makes a public announcement that it intends to be acquired by, consolidate or merge with any other corporation or entity (other than a merger in which the Company is the surviving or continuing corporation and its capital stock is unchanged) or sell or transfer all or substantially all of the assets of the Company; or (ii) any person, group or entity (including the Company) publicly announces a tender offer to purchase 50 In 2022 and at the time off issuance, the Company elected to follow the relative fair value method to allocate the proceeds to the warrants, OID, and convertible notes (collectively the “Financial Instruments”). Total estimated fair value of the Financial Instruments was $ 1,387,060 450,000 282,109 21,899 145,992 445,032 Based on an estimated 70% discounted conversion price, the Company recorded $ 192,857 225,000 450,000 16,480 July 31, 2023 375,000 In July 2023, the Company and Convertible Note Holders entered into Warrant Cancellation Agreements, whereby the warrants were cancelled when the Merger (business combination) with Deep Medicine Acquisition Corp. was completed. Also in July 2023, the convertible notes were modified whereby the maturity date was extended by up to an additional eight months (February 29, 2024), to be in two extensions of four months each. Five days prior to the extension deadline the Company was to issue 9,000 18,000 There was zero no

DIVIDEND NOTES PAYABLE

DIVIDEND NOTES PAYABLE	6 Months Ended
	Jun. 30, 2024
Dividend Notes Payable
DIVIDEND NOTES PAYABLE	Note 15. DIVIDEND NOTES PAYABLE Prior to the merger, we filed our tax returns as an S Corporation. Historically, all income tax liabilities and benefits of the Company are passed through to the shareholders annually through distributions. No 7,395,694 1,965,706 6.00 Dividends declared, distributed, and accrued are as follow as of June 30, 2024 and December 31, 32023: SCHEDULE OF DIVIDENDS DECLARED, DISTRIBUTED, AND ACCRUED 2024 2023 Accrued interest on dividends payable $ 394,959 $ 274,242 Dividends payable $ 4,023,923 $ 4,023,923

GROSS SALES ROYALTY PAYABLE

GROSS SALES ROYALTY PAYABLE	6 Months Ended
	Jun. 30, 2024
Gross Sales Royalty Payable
GROSS SALES ROYALTY PAYABLE	Note 16. GROSS SALES ROYALTY PAYABLE In June 2015, we entered into a Royalty Purchase Agreement (the “Agreement”) with a purchaser (“Purchaser”) for a gross sales royalty. The Purchaser agreed to purchase a sales royalty for the sum of $ 1,000,000 1,000,000 20,833 20,833 i. If the trailing twelve-month revenue of the Company is equal to or less than $ 6,110,000 3.60 ii. If trailing twelve-month revenue of the Company is equal to or greater than $ 17,200,000 1.30 iii. If trailing twelve-month revenue of the Company is greater than $ 6,110,000 17,200,000 220,060 The royalty percentage was fixed at 3.6 2.4 The Agreement contains an option for a one-time buy down of the royalty rate. At any time following the date on which the Purchaser has received royalty payments that are, in the aggregate, equal to two times the then applicable Aggregate Installment Amount ($ 1,000,000 75 750,000 75 1,000,000 0.6 75 2.4 The Agreement also contains an option for a buyout upon the change of control. If pursuant to a proposed change of control the acquirer under such transaction requires, as a condition to the completion of such transaction, that the Company purchase and extinguish all amounts owing or to become owing to the Purchaser hereunder, the Company will pay the greater of: i. An amount equal to two times the aggregate installment amount as at the date of the change of control buyout notice; and ii. An amount equal to A multiplied by B multiplied by C, where: a. A is equal to the aggregate installment amount as at the date of the change of control divided by $ 22,500,000 b. B is equal to 0.8; and c. C is equal to the net equity value of the Company; or in the case of a proposed asset sale, the proposed net purchase price of all or substantially all of the Company’s assets. The Agreement has neither a stated maturity nor an interest rate. While the royalty percentage can be reduced via a buydown, as previously explained, the only avenue for terminating the Agreement is a buyout required by an acquirer in a change of control transaction. Absent the change of control, the Agreement will survive in perpetuity at a royalty rate of 2.4 0.6 Because the gross sales royalty payable has no stated fixed interest nor maturity, it is considered variable interest perpetual debt. The periodic variable payments to the Purchaser are recorded in interest expense. As of June 30, 2024 and December 31, 2023, the amount outstanding was $ 1,000,000 177,281 0

ACCRUED AND OTHER CURRENT LIABI

ACCRUED AND OTHER CURRENT LIABILITIES	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
ACCRUED AND OTHER CURRENT LIABILITIES	Note 17. ACCRUED AND OTHER CURRENT LIABILITIES Accrued and other current liabilities consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF ACCRUED AND OTHER CURRENT LIABILITIES 2024 2023 Accrued payroll $ 9,124 $ 326,515 Credit cards 307,252 240,989 Warranty reserve 140,000 140,000 Sales tax payable (3,492 ) 43,891 Royalty payable 222,500 - Other 350,946 374,100 Accrued and other current liabilities $ 1,026,330 $ 1,125,495 Accrued liabilities and other current liabilities assumed in Merger SCHEDULE OF ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES ASSUMED IN MERGER Accrued tax payable $ 45,008 $ - Other current liabilities assumed in Merger 250,000 - Accrued liabilities and other current liabilities assumed in Merger $ 295,008 $ -

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	Note 18. STOCKHOLDERS’ EQUITY Preferred Stock The Company has authorized preferred stock of 10,000,000 0.0001 no Common Stock Common Stock – Series A The Company has authorized common stock – Series A of 90,000,000 0.0001 11,538,252 1,716,860 Upon closing of the Business Combination, shares of TruGolf Nevada common stock outstanding include the following: SCHEDULE OF COMMON STOCK Accrual Redemptions Number of % Ownership TruGolf Nevada shareholders – Series A 5,750,274 43.4 % TruGolf Nevada shareholders – Series B 1,716,860 13.0 % Private Placement Investors (2) 571,450 4.3 % DMAQ Public stockholders (3) 1,460,077 11.0 % DMAQ Directors and officers 280,000 2.1 % DMAQ Sponsor (4) 3,162,500 23.9 % I-Bankers (5) 313,951 2.4 % Total 13,255,112 100 % Based on 13,098 570.10 7,467,134 SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION DETERMINED TruGolf Nevada Ordinary shares, par value $ 0.01 13,098 Exchange Ratio 570.10 Shares of New TruGolf common stock issued to TruGolf Nevada shareholders upon Closing 7,467,134 The shares issued to legacy TruGolf Nevada shareholders consists of 5,750,274 1,716,860 (2) DMAQ’s Insiders had an aggregate of 406,500 406,500 406,500 113,000 113,000 113,000 Each holder of a private right received one-tenth (1/10) of one share of DMAQ Class A common stock upon consummation of initial business combination. Private placement shares were the shares of DMAQ Class A common stock 519,500 519,500 571,450 (3) Prior to and in connection with the approval of the Business Combination, holders of 378,744 943 379,687 574,764 1,265,000 12,650,000 (4) In connection with the Business Combination, 3,162,500 3,162,500 (5) Reflects the payment of transaction fee pursuant to the BCMA Amendment due at Closing, which was paid to I-Bankers a transaction fee equal to (i) $ 2,000,000 212,752 101,200 In March 2023, the Board of Directors authorized the issuance of 821 4,493,333 In April 2022, we secured the services of two consultants (also the Note Holders as described in Note 12 – Convertible Notes Payable Once services are performed, the first consultant will be provided a 3% stock grant; while the second consultant will be provided up to 7% of stock based on performance deliverables including: 1.75% on consummation of an initial bridge loan agreement, 1.75% on engaging an investment banker, 1.75% upon filing an S-1 including financial statements and footnotes, and 1.75% upon the closing of an initial public offering. The second consultant will be provided warrants at a 20% discount to the then current price per share, for up to 2% for achieving a $250 million valuation and 3% more for a $500 million valuation, as well as another 2% for opening the first franchise location, and 3% more once 100 franchise locations have been sold. As of the date of this filing, no stock grants or awards have been issued. Common Stock – Series B The Company has authorized common stock – Series B of 10,000,000 0.0001 1,716,860 100 1,716,680 Warrants - Common stock – Series A and B As of June 30, 2024, the Company issued warrants to purchase 422,777 13 five years 1,409,091 4,650,000 422,777 703,000 1.61 1. The expected volatility of 227.52 2. The risk-free interest rate of 3.99 3. The expected life of five years As of June 30, 2024, the Company issued warrants to purchase 465,000 10 thirty months 1,550,000 4,650,000 465,000 662,400 1.38 1. The expected volatility of 227.52 2. The risk-free interest rate of 3.99 3. The expected life of thirty months

SCHEDULE OF BUSINESS ACQUISITIO

SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION (Parenthetical)	Jun. 30, 2024 $ / shares
Restructuring Cost and Reserve [Line Items]
Common stock, par value	$ 0.01
Tru Golf Nevada [Member]
Restructuring Cost and Reserve [Line Items]
Common stock, par value	$ 0.01

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 19. INCOME TAXES We have adopted the provisions of ASC 740-10-25, which provide recognition criteria and a related measurement model for uncertain tax positions taken or expected to be taken in income tax returns. ASC 740-10-25 requires that a position taken or expected to be taken in a tax return be recognized in the financial statements when it is more likely than not that the position would be sustained upon examination by tax authorities. Tax positions that meet the more likely than not threshold are then measured using a probability weighted approach recognizing the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement Prior to the merger, the Company was an S Corporation for federal and state income tax purposes with all income tax liabilities and/or benefits of the Company being passed through to the stockholders. As such, no recognition of federal or state income taxes for the Company has been provided for prior to January 31, 2024, the date of the consummation of the Merger. The Company incurred a net loss for the six months ended June 30, 2024 of $ 2,871,192 21 498,000 0 500,600

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 20. COMMITMENTS AND CONTINGENCIES Operating Leases As of June 30, 2024, we had two operating leases as follows: ● In June 2023, we entered into a five 10,849 11,163 11,486 11,819 12,162 47 ● In December 2022, we entered into a three 20,343 20,378 24,616 36 We utilize our incremental borrowing rate in determining the present value of lease payments unless the implicit rate is readily determinable. For 2023 and 2022, we used an estimated incremental borrowing rate of 10.00 5.90 Other information related to our operating leases is as follows: Right of use asset: SCHEDULE OF RIGHT OF USE ASSET As of December 31, 2023 $ 972,663 Amortization 82,454 As of March 31, 2024 $ 890,209 Balance $ 890,209 Amortization 83,857 As of June 30, 2024 $ 806,352 Balance $ 806,352 Lease liability: SCHEDULE OF LEASE LIABILITY Lease liability – December 31, 2023 $ 1,002,483 Payments (80,311 ) As of March 31, 2024 $ 922,172 Payments (82,027 ) As of June 30, 2024 $ 840,145 The table below reconciles the fixed component of the undiscounted cash flows for each of five years to the lease liabilities recorded on the Balance Sheet as of June 30, 2024: SCHEDULE OF MATURITY LEASE LIABILITY Year Minimum Lease 2024 – (Six Months) $ 203,483 2025 406,990 2026 140,163 2027 144,227 2028 60,809 Total 955,672 Less interest (115,527 ) Present value of future minimum lease payments 840,145 Less current portion (361,606 ) Long term lease liability $ 478,539

RELATED PARTY

RELATED PARTY	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY	Note 21. RELATED PARTY As described in Note 14 – Dividend Notes Payable SCHEDULE OF DIVIDEND NOTES PAYABLE 2024 2023 Chief executive officer, Director and Shareholder $ 1,639,240 $ 1,639,240 Chief hardware officer, Director and Shareholder 786,976 786,976 Executive vice president, Director and Shareholder 817,457 817,457 Interim chief financial officer, Director and Shareholder 198,519 198,519 The Company’s chief executive officer is related to certain lenders of the Company as discussed in Note 12 – Related Party Notes Payable The Company’s chief executive officer purchased five (5) regions from Links during the three months ended June 30, 2024.

TruGolf Links Franchising, LLC

TruGolf Links Franchising, LLC	6 Months Ended
	Jun. 30, 2024
Trugolf Links Franchising Llc
TruGolf Links Franchising, LLC	Note 22. TruGolf Links Franchising, LLC TruGolf Links Franchising, LLC (“Links”) sold five (5) regions during the three months ended June 30, 2024 and received proceeds of $ 500,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 23. SUBSEQUENT EVENTS We evaluate events and transactions occurring subsequent to the date of the financial statements for matters requiring recognition or disclosure in the financial statements. The accompanying financial statements consider events through the date the financial statements were issued.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation - Unaudited Interim Financial Information	Basis of Presentation - Unaudited Interim Financial Information The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) with respect to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. Certain information and disclosures normally included in the notes to the annual consolidated financial statements have been condensed or omitted from these interim unaudited condensed consolidated financial statements. Accordingly, these interim unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Registration Statement on Form S-1 and its amendments as filed with the SEC on February 14, 2024, in Form 8-K/A as filed with the SEC on April 17, 2024 and in Form 10-Q March 31, 2024 as filed with the SEC on August 14, 2024.
Basis of Presentation – Accounting for the Business Combination	Basis of Presentation – Accounting for the Business Combination The Merger was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, DMAQ was treated as the acquired company for accounting purposes, whereas TruGolf Nevada was treated as the accounting acquirer. In accordance with this method of accounting, the Business Combination was treated as the equivalent of TruGolf Nevada issuing shares for the net assets of DMAQ, accompanied by a recapitalization. The net assets of DMAQ and TruGolf Nevada were stated at historical cost, with no goodwill or other intangible assets recorded, and operations prior to the Business Combination were those of TruGolf Nevada. TruGolf Nevada has been determined to be the accounting acquirer for purposes of the Business Combination based on an evaluation of the following facts and circumstances: ● Legacy TruGolf Nevada stockholders have a majority of the voting power of New TruGolf, ● TruGolf Nevada comprising the ongoing operations of New TruGolf, ● TruGolf Nevada contributing a majority of the governing body members of New TruGolf, and ● TruGolf Nevada’s senior management comprising the senior management of New TruGolf.
Basis of Presentation – Principles of consolidation	Basis of Presentation – Principles of consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation.
Use of Estimates	Use of Estimates The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the financial statements and the reported amounts of expenses during the reported period. These assumptions and estimates could have a material effect on the financial statements. Actual results may differ materially from those estimates. The Company’s management periodically reviews estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause the Company to revise these estimates. Significant estimates include estimates used in the valuation allowance related to deferred tax assets and capitalized software costs. Actual results may differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all cash on hand, demand deposits and short-term investments with original maturities of three months or less when purchased. As of June 30, 2024 and December 31, 2023, the Company’s cash and cash equivalents consisted of $ 6,651,272 5,397,564 250,000 5,238,762 4,251,124
Marketable Investment Securities	Marketable Investment Securities The Company’s marketable investment securities are comprised of investments in corporate fixed income securities and U.S. Treasury securities. The Company designates investments in debt securities as available-for-sale. Available-for-sale debt securities with original maturities of three months or less from the date of purchase are classified within cash and cash equivalents. Available-for-sale debt securities are reported at fair value with the related unrealized gains and losses included in accumulated other comprehensive income (loss), a component of stockholders’ equity, net of tax. Realized gains and losses on the sale of marketable securities are determined using the average cost method on a first-in, first-out basis and recorded in total other income (expense), net in the statements of operations and comprehensive loss. The Company sold and liquidated most of its marketable securities during the six months ended June 30, 2024 resulting in a balance of $ 10,114
Accounts Receivable, net	Accounts Receivable, net We manage credit risk associated with our accounts receivables at the customer level. Because the same customers typically generate the revenues that are accounted for under both Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (Topic 606) and Accounting Standards Codification Topic 326, Credit Losses (Topic 326)., the discussions below on credit risk and our allowances for doubtful accounts address our total revenues from Topic 606 and Topic 326. We believe the concentration of credit risk, with respect to our receivables, is limited because our customer base is comprised of a number of geographically diverse customers. We manage credit risk through credit approvals and other monitoring procedures. Pursuant to Topic 326 for our accounts receivables, we maintain an allowance for doubtful accounts that reflects our estimate of our expected credit losses. Our allowance is estimated using a loss rate model based on delinquency. The estimated loss rate is based on our historical experience with specific customers, our understanding of our current economic circumstances, reasonable and supportable forecasts, and our own judgment as to the likelihood of ultimate payment based upon available data. We believe our credit risk is somewhat mitigated by our geographically diverse customer base and our credit evaluation procedures. The actual rate of future credit losses, however, may not be similar to past experience. Our estimate of doubtful accounts could change based on changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, we may be required to increase or decrease our allowance for doubtful accounts. Based on management’s evaluation, there is a balance in the allowance for doubtful accounts of $ 1,227,136
Inventory, net	Inventory, net All of our inventory consists of raw materials and are valued at the lower of historic cost or net realizable value; where net realizable value is considered to be the estimated selling price in the ordinary course of business, less reasonably predictable cost of completion, disposal and transportation. Historic inventory costs are calculated on an average or specific cost basis. The Company records inventory write-downs for excess or obsolete inventories based upon assumptions on current and future demand forecasts. As of June 30, 2024 and December 31, 2023, the Company had $ 448,360 429,050
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Financial Accounting Standards Board (“FASB”) fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows: Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities, Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly, Level 3 – Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions. Assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurements. We review the fair value hierarchy classification on a quarterly basis. Changes in the observable inputs may result in a reclassification of assets and liabilities within the three levels of the hierarchy outlined above.
Property and Equipment	Property and Equipment Our property and equipment are recorded at cost and depreciated using the straight-line over the estimated useful lives. Ordinary repair and maintenance costs are included in sales, general and administrative (“SG&A”) expenses on our statements of operations. However, expenditures for additions or improvements that significantly extend the useful life of the asset are capitalized in the period incurred. At the time assets are sold or disposed of, the cost and accumulated depreciation are removed from their respective accounts and the related gains or losses are reflected in the statements of operations in gains from sales of property and equipment, net. We periodically evaluate the appropriateness of remaining depreciable lives assigned to property and equipment. Generally, we assign the following estimated useful lives to these categories: SCHEDULE OF ESTIMATED USEFUL LIVES Category Estimated Useful Life Software and computer equipment 3 10 Furniture and fixtures 3 15 Vehicles 5 Equipment 5 10
Capitalized software development costs	Capitalized software development costs We capitalize certain costs related to the development of our software used in our simulators. In accordance with authoritative guidance, including ASC 985-20, Software-Costs of Software to be Sold, Leased or Marketed 1,433,438 137,916
Impairment of Long-lived Assets	Impairment of Long-lived Assets Our long-lived assets principally consist of property and equipment and right-of-use assets. We review, on a regular basis, our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the asset to its estimated fair value. The determination of future cash flows as well as the estimated fair value of long-lived and intangible assets involves significant estimates and judgment on the part of management. Our estimates and assumptions may prove to be inaccurate due to factors such as changes in economic conditions, changes in our business prospects or other changing circumstances. Based on our most recently completed reviews, there were no indications of impairment associated with our long-lived assets.
Leases	Leases Our lease portfolio is substantially comprised of operating leases related to leases for our corporate headquarters and warehouse. We determine whether an arrangement is a lease at the inception of the arrangement based on the terms and conditions in the contract. A contract contains a lease if there is an identified asset, and we have the right to control the asset for a period of time in exchange for consideration. Lease arrangements can take several forms. Some arrangements are clearly within the scope of lease accounting, such as a real estate contract that provides an explicit contractual right to use a building for a specified period of time in exchange for consideration. However, the right to use an asset can also be conveyed through arrangements that are not leases in form, such as leases embedded within service and supply contracts. We analyze all arrangements with potential embedded leases to determine if an identified asset is present, if substantive substitution rights are present, and if the arrangement provides the customer control of the asset. Operating lease right-of-use (“ROU”) assets represent our right to use an individual asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide the lessor’s implicit rate, we use our incremental borrowing rate (“IBR”) at the commencement date in determining the present value of lease payments by utilizing a fully collateralized rate for a fully amortizing loan with the same term as the lease. Lease terms include options to extend the lease when it is reasonably certain those options will be exercised. For leases with terms greater than 12 A ROU asset is subject to the same impairment guidance as assets categorized as property and equipment. As such, any impairment loss on ROU assets is presented in the same manner as an impairment loss recognized on other long-lived assets. A lease modification is a change to the terms and conditions of a contract that changes the scope or consideration of a lease. For example, a change to the terms and conditions to the contract that adds or terminates the right to use one or more underlying assets, or extends or shortens the contractual lease term, is a modification. Depending on facts and circumstances, a lease modification may be accounted for as either: (1) the original lease plus the lease of a separate asset(s) or (2) a modified lease. A lease will be remeasured if there are changes to the lease contract that do not give rise to a separate lease.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when the products and services are delivered. The Company’s revenues are accounted for under ASC Topic 606, “Revenue From Contracts With Customers” (“ASC 606”). The fees are generally fixed at the point of sale and all consideration from contracts is included in the transaction price. The Company’s contracts do not include multiple performance obligations or material variable considerations. In accordance with ASC 606, the Company recognizes revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company recognizes revenue in accordance with that core principle by applying the following: (i) Identify the contract(s) with a customer; (ii) Identify the performance obligation in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; and (v) Recognize revenue when (or as) the Company satisfies a performance obligation. We derive our revenue principally from product sales, rentals and subscription fees paid by the customer. We recognize subscription fees income and costs over the life of the agreement.
Cost of Revenues	Cost of Revenues Cost of revenue includes direct materials, labor, manufacturing overhead costs and reserves for estimated warranty cost (excluding depreciation). Cost of revenues also includes charges to write down the carrying value of the inventory when it exceeds its estimated net realizable value and to provide for on-hand inventories that are either obsolete or in excess of forecasted demand. As a result of the introduction of the new simulator products in late 2022 and the sunsetting of older hardware models, management consistently reviews the inventory. During the six months ended June 30, 2024 and 2023, the Company recorded $ 239,583 232,119
Royalties	Royalties We have royalty agreements with certain software suppliers to pay royalties based on the number of units and subscriptions sold. The royalty percentages range between 20 30 553,038 316,756
Income Taxes	Income Taxes The Company utilizes the asset and liability approach to measure deferred tax assets and liabilities based on temporary differences existing at each balance sheet date using currently enacted tax rates in accordance with ASC 740. ASC 740 considers the differences between financial statement treatment and tax treatment of certain transactions. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rate is recognized as income or expense in the period that includes the enactment date of that rate. Prior to the Merger, the Company elected to be taxed as an S-Corporation that passes through all income and deductions to its members. The Company did not have any deferred tax benefits or liabilities prior to January 31, 2024. The Company has no tax positions as of June 30, 2024 and December 31, 2023 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes any interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. For the six months ending June 30, 2024 and the year ending December 31, 2023, the Company recognized no interest and penalties.
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share Net income (loss) per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net income (loss) per common share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive. The computation of basic and diluted income (loss) per share for the six months ended June 30, 2024 and 2023 excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price during the period. Total potential dilutive shares as of June 30, 2024 SCHEDULE OF POTENTIAL DILUTIVE SHARES PIPE Convertible Notes (assumes full funding of $ 15,500,000 6,700,000 Common stock – Series A warrants (assumes full funding of $ 15,500,000 1,409,091 Common stock – Series B warrants (assumes full funding of $ 15,500,000 1,550,000 Earnout shares – Earned in three Tranches over three years (assumes achievement of revenue and VWAP targets) 4,500,000 Underwriter warrants to I-Bankers convertible at $ 12.00 632,500 Total dilutive 14,791,591
Recent Accounting Pronouncements	Recent Accounting Pronouncements Management has evaluated all recent accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) and determined that none of the pronouncements will have a material impact on our financial statements. We will continue to monitor the issuance of any new accounting pronouncements and assess their potential impact on the financial statements in future periods.
Concentration of Credit and Supplier Risk	Concentration of Credit and Supplier Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash deposits and trade accounts receivable. Credit risk can be negatively impacted by adverse changes in the economy or by disruptions in the credit markets. We maintain our cash deposits with established commercial banks. At times, balances may exceed federally insured limits. We have not experienced any losses in such accounts and do not believe that we are exposed to any significant credit risk associated with our cash deposits. We believe that credit risk with respect to trade accounts receivable is somewhat mitigated by our large number of geographically diverse customers and our credit evaluation procedures. We record trade accounts receivables at sales value and establish specific reserves for certain customer accounts identified as known collection problems due to insolvency, disputes or other collection issues. The amounts of the specific reserves estimated by management are determined by a loss rate model based on delinquency. We maintain reserves for potential losses. There were no customers that accounted for more than 10.0 We purchase a significant amount of parts we consume in manufacturing our simulators from nationally known original equipment manufacturers, many of whom we have had over a 10 to 15 year relationship. While we do not have long-term contracts, we do issue purchase orders based on quoted prices terms. We purchase in the normal course of business approximately 50% of our assembly parts from six to eight manufacturers. We believe that while there are alternative suppliers, for the parts and equipment, we purchase in each of the principal product categories, termination of one or more of our relationships with any of our major suppliers of equipment could have a material adverse effect on our business.
Warrants	Warrants The fair value of the warrants is estimated on the date of issuance using the Black-Scholes option pricing model, which requires the input of subjective assumptions, including the expected term of the warrants, expected stock price volatility, and expected dividends. These estimates involve inherent uncertainties and the application of management’s judgment. Expected volatilities used in the valuation model are based on the average volatility of the comparable companies publicly traded on recognized stock exchanges. The risk-free rate for the expected term of the option is based on the United States Treasury yield curve in effect at the time of the grant.

BUSINESS COMBINATION AND PURC_2

BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION	SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION TruGolf Nevada Ordinary shares, par value $0.01 per share 13,098 Ordinary shares, par value $ 0.01 13,098 Exchange Ratio 570.10 Estimated shares of New TruGolf common stock issued to TruGolf Nevada shareholders upon Closing 7,467,134
SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS	SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS Cash and cash equivalents $ 103,818 Net proceeds from investment fund (PIPE) 2,237,213 Accounts payable and accrued expenses (310,724 ) Loans payable (1,565,000 ) Net assets $ 465,307 PIPE Convertible Notes payable assumed in Merger $ 4,650,000 Less: Original Issue Discount of 10 (465,000 ) PIPE Convertible Notes payable, net 4,185,000 Payment of closing costs and other expenses (1,947,787 ) Net proceeds from PIPE Convertible Notes payable assume in Merger $ 2,237,213

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF ESTIMATED USEFUL LIVES	SCHEDULE OF ESTIMATED USEFUL LIVES Category Estimated Useful Life Software and computer equipment 3 10 Furniture and fixtures 3 15 Vehicles 5 Equipment 5 10
SCHEDULE OF POTENTIAL DILUTIVE SHARES	Total potential dilutive shares as of June 30, 2024 SCHEDULE OF POTENTIAL DILUTIVE SHARES PIPE Convertible Notes (assumes full funding of $ 15,500,000 6,700,000 Common stock – Series A warrants (assumes full funding of $ 15,500,000 1,409,091 Common stock – Series B warrants (assumes full funding of $ 15,500,000 1,550,000 Earnout shares – Earned in three Tranches over three years (assumes achievement of revenue and VWAP targets) 4,500,000 Underwriter warrants to I-Bankers convertible at $ 12.00 632,500 Total dilutive 14,791,591

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Credit Loss [Abstract]
SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS	Accounts receivable and allowance for doubtful accounts consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS 2024 2023 Trade accounts receivable $ 3,757,393 $ 3,458,625 Other 100,000 167,383 Accounts receivable 3,857,393 3,626,008 Less allowance for doubtful accounts (1,227,136 ) (1,227,136 ) Total accounts receivable, net $ 2,630,257 $ 2,398,872

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY	The following summarizes inventory as of June 30, 2024 and December 31, 2023: SCHEDULE OF INVENTORY 2024 2023 Inventory – raw materials $ 2,784,146 $ 2,548,134 Less reserve allowance for obsolescence (448,360 ) (429,050 ) Inventory, net $ 2,335,786 $ 2,119,084

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
SCHEDULE OF MARKETABLE SECURITIES	SCHEDULE OF MARKETABLE SECURITIES Corporate fixed income securities, weighted average yield and maturity of 5.39 2.38 459,531 Government securities, weighted average yield and maturity of 4.91 3.25 2,051,805 Total short-term investments $ 2,511,336

OTHER LONG-TERM ASSETS (Tables)

OTHER LONG-TERM ASSETS (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER LONG TERM ASSETS	The following summarizes other long-term assets as of June 30, 2024 and December 31, 2023: SCHEDULE OF OTHER LONG TERM ASSETS 2024 2023 Other long-term assets 74 Security deposit – Ethos Management loan $ - $ 1,875,000 Security deposits – leased facilities 30,983 30,983 Other long-term assets 74 Total other long-term assets $ 31,057 $ 1,905,983

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	The following summarizes property and equipment as of June 30, 2024 and December 31, 2023: SCHEDULE OF PROPERTY AND EQUIPMENT 2024 2023 Software and computer equipment $ 759,031 $ 809,031 Furniture and fixtures 230,883 230,883 Vehicles 59,545 59,545 Equipment 15,873 15,873 Property and equipment, gross 1,065,332 1,115,332 Less accumulated depreciation (916,308 ) (881,024 ) Property and equipment, net $ 149,024 $ 234,308
SCHEDULE OF CAPITALIZED SOFTWARE DEVELOPMENT COSTS	The following summarizes capitalized software development costs as of June 30, 2024: SCHEDULE OF CAPITALIZED SOFTWARE DEVELOPMENT COSTS Capitalized software development costs $ 1,483,438 Less accumulated amortization (137,916 ) Capitalized software development costs, net $ 1,345,522

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF NOTES PAYABLE	Notes payable consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF NOTES PAYABLE 2024 2023 Note payable – Ethos Management INC $ - $ 2,499,999 Note payable – Mercedes-Benz 24,517 29,149 Note payable 24,517 2,529,148 Less deferred loan fees – Ethos Management Inc. - (116,940 ) Less current portion (9,709 ) (9,425 ) Long-term portion $ 14,808 $ 2,402,783

RELATED PARTY NOTES PAYABLE (Ta

RELATED PARTY NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF RELATED PARTY NOTES PAYABLE	Related party notes payable consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF RELATED PARTY NOTES PAYABLE 2024 2023 Notes payable - ARJ Trust $ 650,000 $ 650,000 Note payable - McKettrick 1,050,000 1,300,000 Note payable – Carver 129,500 148,000 Notes payable 1,829,500 2,098,000 Less current portion (937,000 ) (1,237,000 ) Long-term portion $ 892,500 $ 861,000
SCHEDULE OF FUTURE MATURITIES OF RELATED PARTY NOTES PAYABLE	Future maturities of related party notes payable are as follows as of June 30, 2024: SCHEDULE OF FUTURE MATURITIES OF RELATED PARTY NOTES PAYABLE 2024 (six months) $ 968,500 2025 287,000 2026 287,000 2027 287,000 Total $ 1,829,500

DIVIDEND NOTES PAYABLE (Tables)

DIVIDEND NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2024
Dividend Notes Payable
SCHEDULE OF DIVIDENDS DECLARED, DISTRIBUTED, AND ACCRUED	Dividends declared, distributed, and accrued are as follow as of June 30, 2024 and December 31, 32023: SCHEDULE OF DIVIDENDS DECLARED, DISTRIBUTED, AND ACCRUED 2024 2023 Accrued interest on dividends payable $ 394,959 $ 274,242 Dividends payable $ 4,023,923 $ 4,023,923

ACCRUED AND OTHER CURRENT LIA_2

ACCRUED AND OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED AND OTHER CURRENT LIABILITIES	Accrued and other current liabilities consisted of the following as of June 30, 2024 and December 31, 2023: SCHEDULE OF ACCRUED AND OTHER CURRENT LIABILITIES 2024 2023 Accrued payroll $ 9,124 $ 326,515 Credit cards 307,252 240,989 Warranty reserve 140,000 140,000 Sales tax payable (3,492 ) 43,891 Royalty payable 222,500 - Other 350,946 374,100 Accrued and other current liabilities $ 1,026,330 $ 1,125,495
SCHEDULE OF ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES ASSUMED IN MERGER	Accrued liabilities and other current liabilities assumed in Merger SCHEDULE OF ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES ASSUMED IN MERGER Accrued tax payable $ 45,008 $ - Other current liabilities assumed in Merger 250,000 - Accrued liabilities and other current liabilities assumed in Merger $ 295,008 $ -

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SCHEDULE OF COMMON STOCK	Upon closing of the Business Combination, shares of TruGolf Nevada common stock outstanding include the following: SCHEDULE OF COMMON STOCK Accrual Redemptions Number of % Ownership TruGolf Nevada shareholders – Series A 5,750,274 43.4 % TruGolf Nevada shareholders – Series B 1,716,860 13.0 % Private Placement Investors (2) 571,450 4.3 % DMAQ Public stockholders (3) 1,460,077 11.0 % DMAQ Directors and officers 280,000 2.1 % DMAQ Sponsor (4) 3,162,500 23.9 % I-Bankers (5) 313,951 2.4 % Total 13,255,112 100 %
SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION DETERMINED	SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION DETERMINED TruGolf Nevada Ordinary shares, par value $ 0.01 13,098 Exchange Ratio 570.10 Shares of New TruGolf common stock issued to TruGolf Nevada shareholders upon Closing 7,467,134

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF RIGHT OF USE ASSET	Right of use asset: SCHEDULE OF RIGHT OF USE ASSET As of December 31, 2023 $ 972,663 Amortization 82,454 As of March 31, 2024 $ 890,209 Balance $ 890,209 Amortization 83,857 As of June 30, 2024 $ 806,352 Balance $ 806,352
SCHEDULE OF LEASE LIABILITY	Lease liability: SCHEDULE OF LEASE LIABILITY Lease liability – December 31, 2023 $ 1,002,483 Payments (80,311 ) As of March 31, 2024 $ 922,172 Payments (82,027 ) As of June 30, 2024 $ 840,145
SCHEDULE OF MATURITY LEASE LIABILITY	The table below reconciles the fixed component of the undiscounted cash flows for each of five years to the lease liabilities recorded on the Balance Sheet as of June 30, 2024: SCHEDULE OF MATURITY LEASE LIABILITY Year Minimum Lease 2024 – (Six Months) $ 203,483 2025 406,990 2026 140,163 2027 144,227 2028 60,809 Total 955,672 Less interest (115,527 ) Present value of future minimum lease payments 840,145 Less current portion (361,606 ) Long term lease liability $ 478,539

RELATED PARTY (Tables)

RELATED PARTY (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
SCHEDULE OF DIVIDEND NOTES PAYABLE	As described in Note 14 – Dividend Notes Payable SCHEDULE OF DIVIDEND NOTES PAYABLE 2024 2023 Chief executive officer, Director and Shareholder $ 1,639,240 $ 1,639,240 Chief hardware officer, Director and Shareholder 786,976 786,976 Executive vice president, Director and Shareholder 817,457 817,457 Interim chief financial officer, Director and Shareholder 198,519 198,519

BUSINESS ORGANIZATION AND NAT_2

BUSINESS ORGANIZATION AND NATURE OF OPERATIONS (Details Narrative) - USD ($)	May 10, 2024	May 09, 2024
Trugolf Holdings Inc [Member]
Restructuring Cost and Reserve [Line Items]
Business Combination, Price of Acquisition, Expected	$ 100,000	$ 75,000

SCHEDULE OF BUSINESS ACQUISIT_2

SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION (Details) - $ / shares	1 Months Ended	6 Months Ended
	Jul. 31, 2023	Jun. 30, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange ratio		$ 12
Estimated shares	18,000
Merger Arrangement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ordinary shares outstanding		13,098
Exchange ratio		$ 570.10
Estimated shares		7,467,134

SCHEDULE OF BUSINESS ACQUISIT_3

SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION (Details) (Parenthetical)	Jun. 30, 2024 $ / shares
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Common stock, par value	$ 0.01

SCHEDULE OF ALLOCATION OF PURCH

SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS (Details)	Jun. 30, 2024 USD ($)
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Cash and cash equivalents	$ 103,818
Net proceeds from investment fund (PIPE)	2,237,213
Accounts payable and accrued expenses	(310,724)
Loans payable	(1,565,000)
Net assets	465,307
PIPE Convertible Notes payable assumed in Merger	4,650,000
Less: Original Issue Discount of 10%	(465,000)
PIPE Convertible Notes payable, net	4,185,000
Payment of closing costs and other expenses	(1,947,787)
Net proceeds from PIPE Convertible Notes payable assume in Merger	$ 2,237,213

SCHEDULE OF ALLOCATION OF PUR_2

SCHEDULE OF ALLOCATION OF PURCHASE PRICE TO NET ASSETS (Details) (Parenthetical)	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Original issue discount percentage	10%

BUSINESS COMBINATION AND PURC_3

BUSINESS COMBINATION AND PURCHASE PRICE ALLOCATION (Details Narrative) - USD ($)		1 Months Ended		6 Months Ended		12 Months Ended
	Feb. 02, 2024	Jul. 31, 2023	May 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022	Aug. 02, 2024	Dec. 07, 2023	Nov. 02, 2023
Business Acquisition [Line Items]
Share price				$ 12
New shares issued		18,000
Original issue discount percentage				10%
Convertible notes payable						$ 450,000
Original issue discount				$ 0	$ 0
Interest expense				177,281	$ 0
Interest expense original issue discount			$ 192,857
Gross proceeds						$ 145,992
PIPE Convertible Notes [Member]
Business Acquisition [Line Items]
Principal amount				15,500,000
Convertible notes payable				4,650,000
Original issue discount				465,000
Net balance				4,185,000
Interest expense				152,645
Interest expense original issue discount				2,401
PIPE Convertible Loan [Member]
Business Acquisition [Line Items]
Principal amount	$ 15,500,000			4,650,000			$ 10,850,000
Gross proceeds from issuance of debt				$ 4,185,000
Original issue discount percentage				10%
Notes payble							$ 250,000
Common Class A [Member]
Business Acquisition [Line Items]
Common stock shares issued				5,750,274
Purchase of warrants	1,409,091
Common Class B [Member]
Business Acquisition [Line Items]
Common stock shares issued				1,716,860
Purchase of warrants	1,550,000
Merger Arrangement [Member]
Business Acquisition [Line Items]
Ordinary shares outstanding				13,098
Share price				$ 570.10
New shares issued				7,467,134
Prior Loan Agreement [Member]
Business Acquisition [Line Items]
Principal amount								$ 11,000,000	$ 11,000,000
Purchase Agreement [Member]
Business Acquisition [Line Items]
Principal amount	$ 4,650,000			$ 6,200,000
Gross proceeds	4,185,000			$ 5,580,000
Purchase Agreement [Member] | PIPE Convertible Notes [Member]
Business Acquisition [Line Items]
Principal amount	4,650,000
Gross proceeds	$ 4,185,000

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIVES (Details)	Jun. 30, 2024
Software and Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	3 years
Software and Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	10 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	15 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	10 years

SCHEDULE OF POTENTIAL DILUTIVE

SCHEDULE OF POTENTIAL DILUTIVE SHARES (Details) - USD ($)	Jun. 30, 2024	May 31, 2022
Debt Instrument [Line Items]
PIPE Convertible Notes	6,700,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		4,800
PIPE Convertible Notes	4,500,000
Share Price	$ 12
Underwriter warrants	632,500
Total dilutive	14,791,591
Series A Warrants [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 15,500,000
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,409,091
Series B Warrants [Member]
Debt Instrument [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,550,000
PIPE Convertible Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 15,500,000
PIPE Convertible Notes [Member] | Series A Warrants [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 15,500,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Product Information [Line Items]
Cash and cash equivalents	$ 6,651,272		$ 6,651,272		$ 5,397,564
Cash, FDIC insured amount	250,000		250,000
Cash, uninsured amount	5,238,762		5,238,762		4,251,124
Marketable securities	10,114		10,114
Allowance for doubtful accounts	1,227,136		1,227,136		1,227,136
Inventory valuation reserves	$ 448,360		448,360		$ 429,050
Development of software applications			1,433,438
Amortization of capitalized software			$ 137,916
Operating lease term	12 months		12 months
Inventory write down			$ 239,583	$ 239,583
Cost of revenue			$ 232,119	232,119
Royalty percentage	0.60%		0.60%
Royalty expense	$ 223,150	$ 101,124	$ 553,038	$ 316,756
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | No Customers [Member]
Product Information [Line Items]
Concentration risk percentage			10%	10%
Minimum [Member]
Product Information [Line Items]
Royalty percentage	20%		20%
Maximum [Member]
Product Information [Line Items]
Royalty percentage	30%		30%

SCHEDULE OF ALLOWANCE FOR DOUBT

SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Credit Loss [Abstract]
Trade accounts receivable	$ 3,757,393	$ 3,458,625
Other	100,000	167,383
Accounts receivable	3,857,393	3,626,008
Less allowance for doubtful accounts	(1,227,136)	(1,227,136)
Total accounts receivable, net	$ 2,630,257	$ 2,398,872

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Four Customers [Member]
Product Information [Line Items]
Concentration risk for balance of ccounts recievable	50%	50%

SCHEDULE OF INVENTORY (Details)

SCHEDULE OF INVENTORY (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory – raw materials	$ 2,784,146	$ 2,548,134
Less reserve allowance for obsolescence	(448,360)	(429,050)
Inventory, net	$ 2,335,786	$ 2,119,084

SCHEDULE OF MARKETABLE SECURITI

SCHEDULE OF MARKETABLE SECURITIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Guarantor Obligations [Line Items]
Government securities, weighted average yield and maturity of 4.91% and 3.25 years, respectively	$ 10,114
Total short-term investments		$ 2,511,336
Corporate Fixed Income Securities [Member]
Guarantor Obligations [Line Items]
Government securities, weighted average yield and maturity of 4.91% and 3.25 years, respectively		459,531
Government Securities [Member]
Guarantor Obligations [Line Items]
Government securities, weighted average yield and maturity of 4.91% and 3.25 years, respectively		$ 2,051,805

SCHEDULE OF MARKETABLE SECURI_2

SCHEDULE OF MARKETABLE SECURITIES (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2023
Corporate Fixed Income Securities [Member]
Guarantor Obligations [Line Items]
Weighted average yield	5.39%
Weighted average maturity	2 years 4 months 17 days
Government Securities [Member]
Guarantor Obligations [Line Items]
Weighted average yield	4.91%
Weighted average maturity	3 years 3 months

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Feb. 28, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Marketable securities	$ 10,114
Short term investment		$ 2,511,336
Short-term investments in cash and cash equivalents	10,114
Brokerage Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Deposits			$ 2,500,000
Short term investment	$ 10,114
Brokerage Agreement [Member] | Bonds [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Marketable securities			450,751
Brokerage Agreement [Member] | US Treasury Securities [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Marketable securities			$ 1,981,061

SCHEDULE OF OTHER LONG TERM ASS

SCHEDULE OF OTHER LONG TERM ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Impairment Effects on Earnings Per Share [Line Items]
Other long-term assets	$ 74
Total other long-term assets	31,057	$ 1,905,983
Security Deposit Ethos Management Loan [Member]
Impairment Effects on Earnings Per Share [Line Items]
Total other long-term assets		1,875,000
Security Deposits Leased Facilities [Member]
Impairment Effects on Earnings Per Share [Line Items]
Total other long-term assets	$ 30,983	$ 30,983

OTHER LONG-TERM ASSETS (Details

OTHER LONG-TERM ASSETS (Details Narrative) - Ethos Asset Management Loan Agreement [Member]	Jun. 30, 2024 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Security loan	$ 1,875,000
Loans payable	2,383,059
Accrued interest	$ 81,560

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,065,332	$ 1,115,332
Less accumulated depreciation	(916,308)	(881,024)
Property and equipment, net	149,024	234,308
Software and Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	759,031	809,031
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	230,883	230,883
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	59,545	59,545
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 15,873	$ 15,873

SCHEDULE OF CAPITALIZED SOFTWAR

SCHEDULE OF CAPITALIZED SOFTWARE DEVELOPMENT COSTS (Details)	Jun. 30, 2024 USD ($)
Property, Plant and Equipment [Abstract]
Capitalized software development costs	$ 1,483,438
Less accumulated amortization	(137,916)
Capitalized software development costs, net	$ 1,345,522

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 35,284	$ 28,088

CUSTOMER DEPOSITS (Details Narr

CUSTOMER DEPOSITS (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Customer deposit	$ 2,479,124	$ 1,704,224	$ 1,704,224

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Nonrelated Party [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Note payable	$ 24,517	$ 2,529,148
Less deferred loan fees – Ethos Management Inc.		(116,940)
Less current portion	(9,709)	(9,425)
Long-term portion	14,808	2,402,783
Ethos Management INC [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Note payable		2,499,999
Mercedes-Benz [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Note payable	$ 24,517	$ 29,149

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)			1 Months Ended			6 Months Ended
	Jun. 30, 2021	Nov. 30, 2020	Dec. 31, 2023	Mar. 31, 2023	Jun. 30, 2021	Jun. 30, 2024	Jul. 29, 2023	Jun. 30, 2023	Feb. 09, 2023	Jan. 31, 2023	Oct. 15, 2022
Debt Instrument [Line Items]
Financing proceeds								$ 1,666,666
Maturity date				Jul. 31, 2023
Notes payable assumed in the Merger						1,565,000
First Extension Agreement [Member]
Debt Instrument [Line Items]
Notes payable assumed in the Merger						$ 1,565,000
First Extension Agreement [Member] | Sponsor [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Principal amount											$ 1,265,000
Second Extension Agreement [Member] | Sponsor [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Principal amount									$ 300,000
Monthly payment							$ 50,000
Maximum [Member]
Debt Instrument [Line Items]
Interest percentage						2.40%
Ethos Management INC [Member]
Debt Instrument [Line Items]
Financing proceeds						$ 833,333
Interest percentage						4%
Deposit as collateral										$ 1,875,000
Deposit liabilities, accrued interest						$ 589,619
Ethos Management INC [Member] | Maximum [Member]
Debt Instrument [Line Items]
Principal amount										$ 10,000,000
Financing proceeds						$ 10,000,000
Mercedes-Benz [Member]
Debt Instrument [Line Items]
Principal amount		$ 59,545
Interest percentage		5.90%
Monthly payment		$ 908
JP Morgan Chase [Member]
Debt Instrument [Line Items]
Principal amount	$ 500,000				$ 500,000
Interest percentage	3%				3%
Monthly payment	$ 8,994
Maturity date					Jun. 08, 2026
Outstanding note payable			$ 257,113

PIPE Loans (Details Narrative)

PIPE Loans (Details Narrative) - USD ($)		1 Months Ended	6 Months Ended		12 Months Ended
	Feb. 02, 2024	May 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Purchase of warrants		4,800
Gross proceeds					$ 145,992
Convertible notes payable					$ 450,000
Original issue discount			$ 0	$ 0
Interest expense			177,281	$ 0
Interest expense original issue discount		$ 192,857
Series A Warrants [Member]
Principal amount			$ 15,500,000
Purchase of warrants			1,409,091
Convertible notes payable			$ 4,650,000
Series B Warrants [Member]
Purchase of warrants			1,550,000
Convertible notes payable			$ 4,650,000
Maximum [Member] | Series A Warrants [Member]
Purchase of warrants			1,409,091
Maximum [Member] | Series B Warrants [Member]
Purchase of warrants			1,550,000
Purchase Agreement [Member]
Principal amount	$ 4,650,000		$ 6,200,000
Gross proceeds	$ 4,185,000		5,580,000
Purchase Agreement [Member] | Series A Warrants [Member]
Purchase of warrants	1,409,091
Purchase Agreement [Member] | Series B Warrants [Member]
Purchase of warrants	1,550,000
Purchase Agreement [Member] | Maximum [Member]
Principal amount			10,850,000
Purchase Agreement [Member] | Minimum [Member]
Principal amount			250,000
PIPE Convertible Notes [Member]
Principal amount			15,500,000
Convertible notes payable			4,650,000
Original issue discount			465,000
Net balance			4,185,000
Interest expense			152,645
Interest expense original issue discount			2,401
PIPE Convertible Notes [Member] | Series A Warrants [Member]
Principal amount			15,500,000
PIPE Convertible Notes [Member] | Purchase Agreement [Member]
Principal amount	$ 4,650,000
Gross proceeds	$ 4,185,000
Original issue discount percentage	10%
PIPE Convertible Notes [Member] | Purchase Agreement [Member] | Maximum [Member]
Principal amount	$ 15,500,000
P I P E Convertible Note [Member]
Interest expense			459,329
Interest expense original issue discount			$ 24,197

SCHEDULE OF RELATED PARTY NOTES

SCHEDULE OF RELATED PARTY NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Notes payable	$ 1,829,500	$ 2,098,000
ARJ Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes payable	650,000	650,000
McKettrick [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes payable	1,050,000	1,300,000
Carver [Member]
Defined Benefit Plan Disclosure [Line Items]
Notes payable	129,500	148,000
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Less current portion	(937,000)	(1,237,000)
Long-term portion	$ 892,500	$ 861,000

SCHEDULE OF FUTURE MATURITIES O

SCHEDULE OF FUTURE MATURITIES OF RELATED PARTY NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2024 (six months)	$ 968,500
2025	287,000
2026	287,000
2027	287,000
Total	$ 1,829,500	$ 2,098,000

RELATED PARTY NOTES PAYABLE (De

RELATED PARTY NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended					3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2023	Jan. 31, 2021	May 31, 2019	Jun. 30, 2010	Dec. 31, 2008	Mar. 31, 2024	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Debt instrument accrued interest									$ 16,480
Debt instrument periodic payment							$ 750,000
Debt instrument Maturity date	Jul. 31, 2023
Debt instrument interest percentage							10%
ARJ Trust [Member]
Short-Term Debt [Line Items]
Debt instrument principal amount							$ 650,000	$ 650,000
Debt instrument accrued interest							$ 2,911	2,911
Debt instrument Maturity start date							Mar. 31, 2024
Debt instrument Maturity end date							Mar. 31, 2025
ARJ Trust [Member] | Notes Payable One [Member]
Short-Term Debt [Line Items]
Debt instrument principal amount					$ 500,000		$ 500,000	500,000
Debt instrument interest percentage					8.50%
Debt instrument periodic interest payment					$ 3,541
ARJ Trust [Member] | Notes Payable Two [Member]
Short-Term Debt [Line Items]
Debt instrument principal amount				$ 150,000			150,000	$ 150,000
Debt instrument interest percentage				8.50%
Debt instrument periodic interest payment				$ 1,063
McKettrick [Member]
Short-Term Debt [Line Items]
Debt instrument principal amount			$ 1,750,000
Debt instrument interest percentage			0%
Debt instrument periodic payment			$ 250,000				250,000
Debt instrument Maturity date			Dec. 01, 2027
Debt instrument fee			There is a late fee of 5%, if not paid within 10 days of the due date.
Debt instrument extension fee							$ 50,000
Carver [Member]
Short-Term Debt [Line Items]
Debt instrument principal amount		$ 222,000
Debt instrument periodic payment		$ 18,500				$ 18,500
Debt instrument Maturity date		Oct. 01, 2027
Debt instrument interest percentage		0%

LINES OF CREDIT (Details Narrat

LINES OF CREDIT (Details Narrative) - USD ($)	1 Months Ended
	Dec. 31, 2023	Jun. 30, 2024
Line of Credit Facility [Line Items]
Line of credit	$ 802,738	$ 802,738
JP Morgan Chase Bank [Member]
Line of Credit Facility [Line Items]
Line of credit	$ 2,000,000
Annual interest rate	3%
Adjusted rate percentage	3.50%
Restricted cash	$ 2,100,000
Morgan Stanley [Member]
Line of Credit Facility [Line Items]
Line of credit	$ 1,980,937	$ 10,114
Annual interest rate	7.21%	7.21%

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended			6 Months Ended		12 Months Ended
	Jul. 31, 2023	Mar. 31, 2023	May 31, 2022	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023
Short-Term Debt [Line Items]
Convertible notes payable						$ 450,000
Original issue discount percentage				10%
Warrants exercisable			4,800
Maturity date		Jul. 31, 2023
Expected term			5 years
Proceeds from warrants exercise			$ 9,600
Conversion of common stock percentage			70%
Common stock purchase percentage			50%
Fair value of the financial instruments						1,387,060
Proceeds from original issuance discount						450,000
Proceeds from debt						145,992
Warrants and the convertible notes						445,032
Interest expense			$ 192,857
Accrued interest						16,480
Debt borrowing limit		$ 375,000
Common stock Series B issued in Merger, shares	18,000
Remaining original issuance discount				$ 0			$ 0
Interest expense original issuance discount				$ 0	$ 0
Five Days Prior To Extension Deadline [Member]
Short-Term Debt [Line Items]
Common stock Series B issued in Merger, shares	9,000
Notes One [Member]
Short-Term Debt [Line Items]
Convertible notes payable						225,000
Notes Two [Member]
Short-Term Debt [Line Items]
Convertible notes payable						225,000
Original Issue Discount [Member]
Short-Term Debt [Line Items]
Proceeds from original issuance discount						21,899
Warrant [Member]
Short-Term Debt [Line Items]
Proceeds from original issuance discount						$ 282,109
Minimum [Member]
Short-Term Debt [Line Items]
Debt instrument interest percentage					0.60%
Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument interest percentage				2.40%
Measurement Input, Price Volatility [Member] | Minimum [Member]
Short-Term Debt [Line Items]
Risk-free interest rate			40.06
Measurement Input, Price Volatility [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Risk-free interest rate			80.17
Measurement Input, Expected Term [Member]
Short-Term Debt [Line Items]
Expected term			5 years
Measurement Input, Risk Free Interest Rate [Member]
Short-Term Debt [Line Items]
Risk-free interest rate			2.95
Convertible Notes [Member] | Individual Consultants One [Member]
Short-Term Debt [Line Items]
Convertible notes payable			$ 300,000
Original issue discount percentage			15%
Warrants exercisable			292
Prepayment penalty			$ 0
Maturity date			Feb. 25, 2023
Convertible Notes [Member] | Individual Consultants Two [Member]
Short-Term Debt [Line Items]
Convertible notes payable			$ 300,000
Original issue discount percentage			15%
Warrants exercisable			292
Maturity date			Feb. 25, 2023
Convertible Notes [Member] | Two Individual Consultants [Member]
Short-Term Debt [Line Items]
Convertible notes payable			$ 600,000
Debt instrument interest percentage			10%

SCHEDULE OF DIVIDENDS DECLARED,

SCHEDULE OF DIVIDENDS DECLARED, DISTRIBUTED, AND ACCRUED (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Dividend Notes Payable
Accrued interest on dividends payable	$ 394,959	$ 274,242
Dividends payable	$ 4,023,923	$ 4,023,923

DIVIDEND NOTES PAYABLE (Details

DIVIDEND NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended		12 Months Ended
	Nov. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Dividend Notes Payable
Dividends declared		$ 0	$ 0		$ 7,395,694
Payments to shareholders				$ 1,965,706
Interest rate dividend percentage	6%

GROSS SALES ROYALTY PAYABLE (De

GROSS SALES ROYALTY PAYABLE (Details Narrative)			3 Months Ended		6 Months Ended		12 Months Ended	24 Months Ended
	Jun. 01, 2017 USD ($)	Jun. 15, 2015 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	May 31, 2017 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Royalty expense			$ 223,150	$ 101,124	$ 553,038	$ 316,756
Payments for royalties					1,000,000		$ 1,000,000
Revenues					$ 232,119	232,119
Royalty percentage			0.60%		0.60%
Gross sales royalty payable			$ 1,000,000		$ 1,000,000		$ 1,000,000
Aggregate purchase installment percentage					0.75
Purchaser amount					$ 750,000
Aggregate installment amount					22,500,000
Interest expense					$ 177,281	$ 0
Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Royalty percentage			30%		30%
Interest percentage			2.40%		2.40%
Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Royalty percentage			20%		20%
Interest percentage				0.60%		0.60%
Royalty Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Royalty expense		$ 1,000,000
Payments for royalties								$ 20,833
Royalty percentage	2.40%	3.60%	2.40%		2.40%
Royalty Purchase Agreement [Member] | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid royalties		$ 1,000,000
Payments for royalties	$ 20,833
Royalty Purchase Agreement One [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 6,110,000
Revenues percentage	3.60%
Royalty Purchase Agreement One [Member] | Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 6,110,000
Royalty Purchase Agreement Two [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 17,200,000
Revenues percentage	1.30%
Royalty Purchase Agreement Three [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 220,060
Royalty Purchase Agreement Three [Member] | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revenues	$ 17,200,000

SCHEDULE OF ACCRUED AND OTHER C

SCHEDULE OF ACCRUED AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued payroll	$ 9,124	$ 326,515
Credit cards	307,252	240,989
Warranty reserve	140,000	140,000
Sales tax payable	(3,492)	43,891
Royalty payable	222,500
Other	350,946	374,100
Accrued and other current liabilities	$ 1,026,330	$ 1,125,495

SCHEDULE OF ACCRUED LIABILITIES

SCHEDULE OF ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES ASSUMED IN MERGER (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued tax payable	$ 45,008
Other current liabilities assumed in Merger	250,000
Accrued liabilities and other current liabilities assumed in Merger	$ 295,008

SCHEDULE OF COMMON STOCK (Detai

SCHEDULE OF COMMON STOCK (Details)	Jun. 30, 2024 shares
Tru Golf Nevada Shareholders Series A [Member]
Number of Shares Owned	5,750,274
Accrual Redemptions Ownership	43.40%
Tru Golf Nevada Shareholders Series B [Member]
Number of Shares Owned	1,716,860
Accrual Redemptions Ownership	13%
Private Placement Investors Two [Member]
Number of Shares Owned	571,450
Accrual Redemptions Ownership	4.30%
DMAQ Publicstockholders Three [Member]
Number of Shares Owned	1,460,077
Accrual Redemptions Ownership	11%
DMAQ Directors and Officers [Member]
Number of Shares Owned	280,000
Accrual Redemptions Ownership	2.10%
DMAQ Sponsor Four [Member]
Number of Shares Owned	3,162,500
Accrual Redemptions Ownership	23.90%
I Bankers Five [Member]
Number of Shares Owned	313,951
Accrual Redemptions Ownership	2.40%
Trugolf Holdings Inc [Member]
Number of Shares Owned	13,255,112
Accrual Redemptions Ownership	100%

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative)	1 Months Ended		3 Months Ended		6 Months Ended
	Jul. 31, 2023 shares	Mar. 31, 2023 USD ($) shares	Mar. 31, 2024 shares	Mar. 31, 2023 USD ($) shares	Jun. 30, 2024 USD ($) $ / shares shares	Feb. 24, 2024	Feb. 01, 2024	Dec. 31, 2023 $ / shares shares	Jun. 30, 2023 shares	Dec. 31, 2022 USD ($) shares	May 31, 2022 shares
Class of Stock [Line Items]
Preferred stock, shares authorized					10,000,000			10,000,000
Preferred stock, par value | $ / shares					$ 0.0001			$ 0.0001
Preferred stock, shares issued					0			0
Preferred stock, shares outstanding					0			0
Common stock, par value | $ / shares					$ 0.01
Share price | $ / shares					$ 12
Common stock Series B issued in Merger, shares	18,000
Conversion of stock description					Each holder of a private right received one-tenth (1/10) of one share of DMAQ Class A common stock upon consummation of initial business combination. Private placement shares were the shares of DMAQ Class A common stock
DMAQ Public stockholders					379,687
Cash | $					$ 2,000,000
Fair value of common stock | $				$ 4,493,333
Stock based on performance including financial statements percentage					Once services are performed, the first consultant will be provided a 3% stock grant; while the second consultant will be provided up to 7% of stock based on performance deliverables including: 1.75% on consummation of an initial bridge loan agreement, 1.75% on engaging an investment banker, 1.75% upon filing an S-1 including financial statements and footnotes, and 1.75% upon the closing of an initial public offering. The second consultant will be provided warrants at a 20% discount to the then current price per share, for up to 2% for achieving a $250 million valuation and 3% more for a $500 million valuation, as well as another 2% for opening the first franchise location, and 3% more once 100 franchise locations have been sold. As of the date of this filing, no stock grants or awards have been issued.
Class of Warrant or Right, Number of Securities Called by Warrants or Rights											4,800
Expected term											5 years
Convertible notes payable | $										$ 450,000
Measurement Input, Risk Free Interest Rate [Member]
Class of Stock [Line Items]
Expected volatility											2.95
Measurement Input, Expected Term [Member]
Class of Stock [Line Items]
Expected term											5 years
Maximum [Member] | Measurement Input, Price Volatility [Member]
Class of Stock [Line Items]
Expected volatility											80.17
Tru Golf Insiders [Member]
Class of Stock [Line Items]
Owned percentage					100%
Consultants [Member]
Class of Stock [Line Items]
Authorized issuance of common stock		821		821
Fair value of common stock | $		$ 4,493,333
DMAQ Class A Shares [Member]
Class of Stock [Line Items]
Additional shares redeemed					943
New TruGolf Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock Series B issued in Merger, shares					212,752
IPO [Member] | New TruGolf Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock Series B issued in Merger, shares					101,200
Tru Golf Nevada [Member]
Class of Stock [Line Items]
Common stock, par value | $ / shares					$ 0.01
DMAQ Insiders [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					406,500
DMAQ Insiders [Member] | Private Placement [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					406,500
DMAQ Insiders [Member] | Private Rights [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					406,500
I Bankers [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					113,000
I Bankers [Member] | Private Placement [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					113,000
I Bankers [Member] | Private Rights [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					113,000
DMAQ Class A Common Stock [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					519,500
DMAQ Class A Common Stock [Member] | Sponsor [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					3,162,500
DMAQ Class A Common Stock [Member] | Private Rights [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					519,500
New Tru Golf Common Stock [Member] | Sponsor [Member]
Class of Stock [Line Items]
Conversion of shares					3,162,500
New Tru Golf Common Stock [Member] | Private Rights [Member]
Class of Stock [Line Items]
Common stock Series B issued in Merger, shares					1,265,000
DMAQ Sponsor (4)					571,450
New Tru Golf Common Stock [Member] | Public Rights [Member]
Class of Stock [Line Items]
Conversion of shares					12,650,000
DMAQ Class A Shares [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					378,744
D M A Q Public Stockholders [Member] | Common Stock Subject to Mandatory Redemption [Member]
Class of Stock [Line Items]
DMAQ Sponsor (4)					574,764
Merger Arrangement [Member]
Class of Stock [Line Items]
Common stock, shares outstanding					13,098
Share price | $ / shares					$ 570.10
Common stock Series B issued in Merger, shares					7,467,134
Merger Arrangement [Member] | Tru Golf Nevada [Member]
Class of Stock [Line Items]
Common stock, shares outstanding					13,098
Share price | $ / shares					$ 570.10
Common stock Series B issued in Merger, shares					7,467,134
Series A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized					90,000,000			90,000,000
Common stock, par value | $ / shares					$ 0.0001			$ 0.0001
Common stock, shares outstanding					11,538,252			13,098
Common stock, shares issued					11,538,252			13,098
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					422,777
Warrants per share | $ / shares					$ 13
Expected term							5 years
Series A Common Stock [Member] | Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares issued					11,538,252
Common stock, shares outstanding		12,129	11,538,252	12,129	11,538,252			13,098	12,129	11,308
Fair value of common stock | $				$ 9
Series B Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized					10,000,000			10,000,000
Common stock, par value | $ / shares					$ 0.0001			$ 0.0001
Common stock, shares outstanding					1,716,860			0
Common stock, shares issued					1,716,860			0
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					465,000
Warrants per share | $ / shares					$ 10
Expected term							30 months
Series B Common Stock [Member] | Three Insiders [Member]
Class of Stock [Line Items]
Common stock, shares outstanding					1,716,680
Series B Common Stock [Member] | Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares issued					1,716,860
Common stock, shares outstanding			1,716,860		1,716,860
Common stock Series B issued in Merger, shares			1,716,860
Fair value of common stock | $
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares issued					5,750,274
Common Class A [Member] | Tru Golf Nevada [Member]
Class of Stock [Line Items]
Common stock, shares issued					5,750,274
Common Class B [Member]
Class of Stock [Line Items]
Common stock, shares issued					1,716,860
Common Class B [Member] | Tru Golf Nevada [Member]
Class of Stock [Line Items]
Common stock, shares issued					1,716,860
Series A Warrants [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					1,409,091
Warrants per share | $ / shares					$ 1.61
Convertible notes payable | $					$ 4,650,000
Value of Series A Warrants | $					$ 703,000
Series A Warrants [Member] | Measurement Input, Price Volatility [Member]
Class of Stock [Line Items]
Expected volatility						227.52
Series A Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Class of Stock [Line Items]
Expected volatility						3.99
Series A Warrants [Member] | Measurement Input, Expected Term [Member]
Class of Stock [Line Items]
Expected term						5 years
Series A Warrants [Member] | Maximum [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					1,409,091
Series A Warrant [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					422,777
Series B Warrants [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					1,550,000
Warrants per share | $ / shares					$ 1.38
Convertible notes payable | $					$ 4,650,000
Value of Series A Warrants | $					$ 662,400
Series B Warrants [Member] | Measurement Input, Price Volatility [Member]
Class of Stock [Line Items]
Expected volatility						227.52
Series B Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Class of Stock [Line Items]
Expected volatility						3.99
Series B Warrants [Member] | Measurement Input, Expected Term [Member]
Class of Stock [Line Items]
Expected term						30 months
Series B Warrants [Member] | Maximum [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					1,550,000
Series B Warrant [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					465,000

SCHEDULE OF BUSINESS ACQUISIT_4

SCHEDULE OF BUSINESS ACQUISITION CONTINGENT CONSIDERATION DETERMINED (Details) - $ / shares	1 Months Ended	6 Months Ended
	Jul. 31, 2023	Jun. 30, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange ratio		$ 12
Estimated shares	18,000
Merger Arrangement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ordinary shares outstanding		13,098
Exchange ratio		$ 570.10
Estimated shares		7,467,134
Merger Arrangement [Member] | Tru Golf Nevada [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ordinary shares outstanding		13,098
Exchange ratio		$ 570.10
Estimated shares		7,467,134

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax likelihood percentage description					Tax positions that meet the more likely than not threshold are then measured using a probability weighted approach recognizing the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement
Net loss	$ 1,569,329	$ 1,301,864	$ (157)	$ 5,351,178	$ 2,871,192	$ 5,351,021
Tax rate					21%
Operating loss carryforwards	498,000				$ 498,000
Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Valuation allowance	0				0
Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Valuation allowance	$ 500,600				$ 500,600

SCHEDULE OF RIGHT OF USE ASSET

SCHEDULE OF RIGHT OF USE ASSET (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Balance	$ 890,209	$ 972,663	$ 972,663
Amortization	83,857	82,454	166,311	$ 137,257
Balance	$ 806,352	$ 890,209	$ 806,352

SCHEDULE OF LEASE LIABILITY (De

SCHEDULE OF LEASE LIABILITY (Details) - USD ($)	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
As of March 31, 2024	$ 922,172	$ 1,002,483
Payments	(82,027)	(80,311)
As of June 30, 2024	$ 840,145	$ 922,172

SCHEDULE OF MATURITY LEASE LIAB

SCHEDULE OF MATURITY LEASE LIABILITY (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
2024 – (Six Months)	$ 203,483
2025	406,990
2026	140,163
2027	144,227
2028	60,809
Total	955,672
Less interest	(115,527)
Present value of future minimum lease payments	840,145	$ 922,172	$ 1,002,483
Less current portion	(361,606)		(334,255)
Long term lease liability	$ 478,539		$ 668,228

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Weighted average discount rate - Operating lease		10%	5.90%
North Salt Lake City [Member]
Lease term		5 years
Monthly lease payment through year I		$ 10,849
Monthly lease payment through year II		11,163
Monthly lease payment through year III		11,486
Monthly lease payment through year IV		11,819
Monthly lease payment through year V		$ 12,162
Lease term	47 months
Centerville [Member]
Lease term			3 years
Monthly lease payment through year I			$ 20,343
Monthly lease payment through year II			20,378
Monthly lease payment through year III			$ 24,616
Lease term	36 months

SCHEDULE OF DIVIDEND NOTES PAYA

SCHEDULE OF DIVIDEND NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Chief Executive Officer, Director and Shareholder [Member]
Related Party Transaction [Line Items]
Interim chief financial officer, Director and Shareholder	$ 1,639,240	$ 1,639,240
Chief Hardware Officer, Director and Shareholder [Member]
Related Party Transaction [Line Items]
Interim chief financial officer, Director and Shareholder	786,976	786,976
Executive Vice President, Director and Shareholder [Member]
Related Party Transaction [Line Items]
Interim chief financial officer, Director and Shareholder	817,457	817,457
Interim Chief Financial Officer, Director and Shareholder [Member]
Related Party Transaction [Line Items]
Interim chief financial officer, Director and Shareholder	$ 198,519	$ 198,519

TruGolf Links Franchising, LLC

TruGolf Links Franchising, LLC (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Trugolf Links Franchising Llc
Deferred Revenue	$ 500,000