Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 000-29621

NovAccess Global Inc.

(Exact name of registrant as specified in its charter)

Colorado

84-1384159

(State or other jurisdiction of

incorporation or organization)

(I.R.S. employer

Identification no.)

Address of principal executive offices, including zip code: 8584 E. Washington Street #127, Chagrin Falls, Ohio 44023

Registrant’s telephone number, including area code: (213) 642-9268

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (check one):

Large accelerated Filer ☐ Accelerated Filer ☐ Non-Accelerated Filer ☐ Smaller Reporting Company ☒ Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. There were 27,673,572, shares of common stock outstanding on February 14, 2024.

Table of Contents

PART I — FINANCIAL INFORMATION
Item 1. Financial Statements.	1
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	21
Cautionary and Forward-Looking Statements	21
Business Plan	21
Results of Operations for the Three Months Ended December 31, 2023 Compared to the Three Months Ended December 31, 2022	21
Revenue and Cost of Sales	21
Selling, General and Administrative Expenses	21
Research and development expenses	22
Other Income/(Expenses)	22
Net Income (Loss)	22
Liquidity and Capital Resources	22
Off-Balance Sheet Arrangements	22
Critical Accounting Estimates	22
Item 3. Quantitative and Qualitative Disclosures About Market Risk.	23
Item 4. Controls and Procedures.	23
Evaluation of Disclosure Controls and Procedures	23
Changes in Internal Control Over Financial Reporting	23

PART II — OTHER INFORMATION
Item 1. Legal Proceedings.	24
Item 1A Risk Factors.	24
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	24
Item 3. Defaults Upon Senior Securities.	24
Item 4. Mine Safety Disclosures.	24
Item 5. Other Information.	24
Item 6. Exhibit and Financial Statement Schedules.	24
SIGNATURES	25

Part I- Financial Information

Item 1. Financial Statements

NOVACCESS GLOBAL INC.

CONSOLIDATED BALANCE SHEETS

	December 31, 2023			September 30, 2023
	Unaudited
ASSETS

CURRENT ASSETS
Cash	$	1,505		$	21,415
Prepaid expenses		15,833			40,833

TOTAL ASSETS	$	17,338		$	62,248


LIABILITIES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts payable	$	590,528		$	514,686
Accrued expenses and other current liabilities		2,361,441			1,982,567
Derivative and warrants liabilities		1,126,001			2,982,382
Due to related parties		181,217			181,217
Short term loan, related party		32,000			21,000
Convertible promissory notes, net of debt discount and debt issuance costs of $3,553 and $0 respectively. Some are in default (see Note 12)		2,142,827			2,166,380
Convertible promissory note related party, net of debt discount and debt issuance cost of $0 and $0, respectively		12,500			12,500

Total Current Liabilities		6,446,514			7,860,732

TOTAL LIABILITIES		6,446,514			7,860,732

SHAREHOLDERS' DEFICIT
Preferred stock 50,000,000 shares authorized, shares issued and outstanding designated as follows:
Preferred Stock Series B, $0.01 par value, 25,000 authorized 600 shares issued and outstanding, respectively		6			6
Common stock, no par value; 2,000,000,000 authorized common shares 23,955,540 and 21,744,209 shares issued and outstanding, respectively		43,717,268			43,683,197
Additional paid in capital		5,338,042			5,335,398
Paid in capital, common stock option and warrants		5,367,273			5,338,273
Paid in capital, preferred stock		4,747,108			4,747,108
Accumulated deficit		(65,598,873	)		(66,902,466	)

TOTAL SHAREHOLDERS' DEFICIT		(6,429,176	)		(7,798,484	)

TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$	17,338		$	62,248

The accompanying notes are an integral part of these consolidated financial statements.

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NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED DECEMBER 31, 2023 AND 2022

(Unaudited)

	Three Months Ended
	December 31,
	2023			2022

SALES	$	-		$	-
COST OF GOODS SOLD		-			-
GROSS PROFIT		-			-

OPERATING EXPENSES
Research and development expenses		49,697			34,963
Selling, general and administrative expenses		207,849			482,155

TOTAL OPERATING EXPENSES		257,546			517,118

LOSS FROM OPERATIONS BEFORE OTHER INCOME/(EXPENSES)		(257,546	)		(517,118	)

OTHER INCOME/(EXPENSES)
Gain/(Loss) on change in derivative liability		1,858,953			(2,081,584	)
Change in commitment fee guarantee		(226,000	)		267,750
Interest expense		(71,814	)		(300,454	)

TOTAL OTHER INCOME/(EXPENSES)		1,561,139			(2,114,288	)

NET INCOME (LOSS)	$	1,303,593		$	(2,631,406	)

BASIC EARNINGS (LOSS) PER SHARE	$	0.06		$	(0.14	)

DILUTED EARNINGS (LOSS) PER SHARE	$	0.01		$	(0.14	)

WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
BASIC		23,372,404			18,979,871
DILUTED		95,937,820			18,979,871

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' DEFICIT

FOR THE THREE MONTHS ENDED DECEMBER 31, 2023 AND 2022

(Unaudited)

												Stock
	Preferred Stock,								Additional			Options/ Warrants		Paid in Capital,
	Class B				Common Stock				Paid-in			Paid in		Preferred		Accumulated
	Shares		Amount		Shares		Amount		Capital			Capital		Stock		Deficit			Total
Balance as of September 30, 2022		600	$	6		18,669,507	$	43,225,982	$	5,340,398		$	4,210,960	$	4,747,108	$	(62,177,520	)	$	(4,653,066	)
Common Stock issued for services		-		-		1,281,769		223,170		-			-		-		-			223,170
Common Stock issued, subscriptions		-		-		375,000		40,000		(5,000	)		-		-		-			35,000
Net loss		-		-		-		-		-			-		-		(2,631,406	)		(2,631,406	)
Balance as December 31, 2022		600	$	6		20,326,276	$	43,489,152	$	5,535,398		$	4,210,960	$	4,747,108	$	(64,808,926	)	$	(7,026,302	)

											Stock
	Preferred Stock,								Additional		Options/ Warrants		Paid in Capital,
	Class B				Common Stock				Paid-in		Paid in		Preferred		Accumulated
	Shares		Amount		Shares		Amount		Capital		Capital		Stock		Deficit			Total
Balance as of September 30, 2023		600	$	6		21,744,209	$	43,683,197	$	5,335,398	$	5,338,273	$	4,747,108	$	(66,902,466	)	$	(7,798,484	)

Common Stock issued for services		-		-		208,752		4,071		-		-		-		-			4,071
Common Stock issued on repayment of loan		-		-		2,002,579		30,000		-		-		-		-			30,000
Imputed interest on related party loan		-		-		-		-		2,644		-		-		-			2,644
Warrant expense on loan extension		-		-		-		-		-		29,000		-		-			29,000
Net income		-		-		-		-		-		-		-		1,303,593			1,303,593
Balance as of December 31, 2023 (Unaudited)		600	$	6		23,955,540	$	43,717,268	$	5,338,042	$	5,367,273	$	4,747,108	$	(65,598,873	)	$	(6,429,176	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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NOVACCESS GLOBAL INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED DECEMBER 31, 2023 AND 2022

(Unaudited)

	For the Three Months Ended
	December 31, 2023			December 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$	1,303,593		$	(2,631,406	)
Adjustment to reconcile net income (loss) to net cash used in operating activities
Amortization of debt discount		19			249,862
Loss (Gain) on change in derivative liability		(1,858,953	)		2,081,584
Warrant expense on loan extension		29,000			-
Imputed interest on related party loan		2,644			-
Stock issued and issuable for services		4,071			223,170

Changes in Assets and Liabilities:
Prepaid Expenses & Advances		25,000			41,050
Accounts payable		75,842			67,723
Accrued expenses and Other Current Liabilities		378,874			(191,290	)

NET CASH USED IN OPERATING ACTIVITIES		(39,910	)		(159,307	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Stock subscriptions received		-			35,000
Proceeds from short term loan related party		11,000			-
Proceeds from convertible notes payable		9,000			101,500
Payments to related party for redemption of preferred stock		-			(2,500	)

NET CASH PROVIDED BY FINANCING ACTIVITIES		20,000			134,000

NET DECREASE IN CASH		(19,910	)		(25,307	)

CASH, BEGINNING OF PERIOD		21,415			64,251

CASH, END OF PERIOD	$	1,505		$	38,944

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	$	-		$	25,916
Taxes paid	$	-		$	-

SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Common stock issued on conversion of convertible note	$	30,000		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

1. ORGANIZATION AND LINE OF BUSINESS

Organization

NovAccess Global Inc. (“NovAccess” or the “Company”) is a Colorado corporation formerly known as Sun River Mining Inc. and XsunX, Inc. The Company was originally incorporated in Colorado on February 25, 1997. Effective September 24, 2003, the Company completed a plan of reorganization and name change to XsunX, Inc. Effective August 25, 2020, we filed articles of amendment to our articles of incorporation with the Colorado Secretary of State to: effectuate a 1-for-1,000 reverse stock split of the Company’s outstanding shares of common stock; and change the name of the Company to “NovAccess Global Inc.” After completing the acquisition of StemVax LLC in September 2020, we exited the solar business and focused all our efforts on our biopharmaceutical business.

Line of Business

NovAccess Global Inc. is a biopharmaceutical company that is developing novel immunotherapies to treat brain tumor patients in the United States with plans to expand globally. We specialize in cutting-edge research related to utilizing a patient’s own immune system to attack the cancer. We are filing an Investigational New Drug Application (IND) and working closely with the Food and Drug Administration (FDA) to obtain approval for human clinical trials to determine the safety and efficacy of our drug product for brain cancer patients. Once we have successfully completed the clinical trials and proven that the new therapy is safe and efficacious, we plan to commercialize the product. We also have expertise in successfully executing clinical trials, bringing products to market and increasing the market size of products through our advisory board. Our scientists are well versed in immunology, stem cell biology, neuroscience, molecular biology, imaging, small molecules development, gene therapy and other technical assays needed for protein and genetic analysis of cancer cells.

NovAccess operates as a research and development (R&D) company out of Ohio and California, and our executive management and scientific advisory board provide over 15 years of extensive experience in all aspects of biopharmaceutical R&D and commercialization of drug candidates.

Going Concern

The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company does not generate significant revenue, and has negative cash flows from operations, which raises substantial doubt about the Company’s ability to continue as a going concern.

The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, additional cash infusions. The Company has obtained funds from its shareholders and from lenders since its inception through the period ended December 31, 2023. Management believes the existing shareholders, prospective new investors and lenders will provide the additional cash needed to meet the Company’s obligations as they become due and will allow the development of its business.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of NovAccess Global Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

Basis of Presentation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary StemVax, LLC. All significant inter-company accounts and transactions between these entities have been eliminated in these consolidated financial statements.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements. Significant estimates made in preparing these consolidated financial statements include the estimate of the deferred tax valuation allowance, the fair value of stock options, warrants, and derivative liabilities. Actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents include cash in banks and money markets with an original maturity of three months or less.

Stock-Based Compensation

Share-based Payment applies to transactions in which an entity exchanges its equity instruments for goods or services and also applies to liabilities an entity may incur for goods or services that are to follow a fair value of those equity instruments. We are required to follow a fair value approach using an option-pricing model, such as the Binomial lattice valuation model, at the date of a stock option grant. The deferred compensation calculated under the fair value method would then be amortized over the respective vesting period of the stock option. This has not had a material impact on our results of operations.

Net Earnings (Loss) per Share Calculations

Net earnings (loss) per share dictates the calculation of basic earnings (loss) per share and diluted earnings (loss) per share. Basic earnings (loss) per share are computed by dividing by the weighted average number of common shares outstanding during the period. Diluted net earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the effect of stock options and stock-based awards plus the assumed conversion of convertible debt (see notes 4 and 5).

	For the three months ended
	December 31,
	2023		2022

Gain (Loss) to common shareholders (Numerator)	$	1,303,593	$	(2,631,406	)

Basic weighted average number of common shares outstanding (Denominator)		23,372,404		18,979,871

Diluted weighted average number of common shares outstanding		95,937,820		18,979,871

Diluted weighted average number of shares for the fiscal quarter ended December 31, 2022, is the same as basic weighted average number of shares because the Company had a net loss in that quarter.

Fair Value of Financial Instruments

Fair Value of Financial Instruments requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2023, the balances reported for cash, prepaid expenses, accounts payable, accrued expenses approximate the fair value because of their short maturities.

We adopted Accounting Standards Codification (“ASC”) Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fair Value of Financial Instruments (Continued)

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

●

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

●

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

●

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

We measure certain financial instruments at fair value on a recurring basis. The Company had no assets that are required to be valued on a recurring basis as of December 31, 2023 and September 30, 2023. The Company had liabilities that are required to be measured at fair value on a recurring basis as follows as of December 31, 2023, and September 30, 2023:

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-	$	728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of December 31, 2023	$	985,012	$	-	$	-	$	985,012
Derivative Liability warrants at fair value as of December 31, 2023		140,989		-		-		140,989
Total Derivative Liability as of December 31, 2023	$	1,126,001	$	-	$	-	$	1,126,001

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		802,495			163,629			966,124
Extinguishment of derivative		(237,465	)		-			(237,465	)
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loan		2,572			-			2,572
Net gain on change in fair value of derivative liability		(1,270,951	)		(588,002	)		(1,858,953	)
Ending balance as of December 31, 2023	$	985,012		$	140,989		$	1,126,001

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Recent Accounting Pronouncements

On September 30, 2022, the FASB issued Accounting Standards Update (ASU) 2022-03, which (1) clarifies existing guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and (2) introduces new disclosure requirements for equity securities subject to contractual sale restrictions. The ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security. Instead, the contractual sale restriction is a characteristic of the reporting entity. Accordingly, an entity should not consider the contractual sale restriction when measuring the equity security’s fair value. Additionally, the ASU clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The Company has adopted ASU No. 2022-03, and it did not have an impact on the Company’s consolidated financial statements.

In July 2023, the SEC adopted the final rule under SEC Release No. 33-11216, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, requiring disclosure of material cybersecurity incidents on Form 8-K and periodic disclosure of a registrant’s cybersecurity risk management, strategy and governance in annual reports. Regulation S-K Item 6 disclosure requirements under this rule will be effective for our fiscal year ending on September 30, 2024. Incident disclosure requirements in Form 8-K will be effective for us on March 15, 2024. The Company has adopted this final rule and it did not have an impact on the Company’s consolidated finance statement disclosures.

In October 2023, the FASB issued Accounting Standards Update (ASU) 2023-06, which incorporates 14 of the 27 disclosures referred to by the SEC in their SEC Release No. 33-10532, Disclosure Update and Simplification, issued on August 17, 2018. The amendments in this ASU modify the disclosure or presentation requirements of a variety of Topics in the Codification and apply to all reporting entities within the scope of the affected Topics unless otherwise indicated. The amendments in this ASU should be applied prospectively. For public business entities, the effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company has evaluated the effects of the adoption of ASU No. 2022-03, and it is not expected to have an impact on the Company’s consolidated financial statements.

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted would have a material effect on the accompanying financial statements.

3. CAPITAL STOCK

As of December 31, 2023, the Company’s authorized stock consisted of 2,000,000,000 shares of common stock, with no par value.

The Company is also authorized to issue 50,000,000 shares of preferred stock with a par value of $0.01 per share. The rights, preferences and privileges of the holders of the preferred stock are determined by the Board of Directors prior to issuance of such shares.

Preferred Stock

As of December 31, 2023, the Company had 600 shares of issued and outstanding Series B Preferred. On March 14, 2022, the Company redeemed 24,400 shares of the Company’s Series B Convertible Preferred Stock held by TN3, LLC, a Wyoming limited liability company owned by Daniel G. Martin. At the time, Mr. Martin was our Chief Executive Officer and sole Board Member. Irvin Consulting LLC, a company owned by Dwain Irvin, the current CEO of the Company, purchased the remaining 600 shares (please refer to Note 10 for more details).

Each share of outstanding Series B Preferred Stock entitles the holder to cast 40,000 votes. Each share of Series B Preferred Stock is convertible at the option of the holder into 10,000 common shares. In the event of any voluntary or involuntary liquidation, dissolution, or winding-up of the Corporation, the holders of shares of Series B Preferred Stock shall be paid out based on an as converted basis. Dividends for Series B Preferred Stock shall be declared on an as converted basis.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

3. CAPITAL STOCK (Continued)

Common Stock

During the quarter ended December 31, 2023, the Company issued 2,211,331 shares of common stock. The Company issued 208,752 shares to various vendors for services provided and including 108,750 shares issued to a related party for services provided, amounting to $2,121 recorded at the fair value of shares on the respective grant date. Also, 2,002,579 shares were issued on conversion of $30,000 of the April 11, 2023 Note (as discussed below in Note 4).

During the quarter ended December 31, 2022, the Company issued 1,281,769 shares of common stock. 798,769 shares were issued to various vendors for services provided, including 108,750 shares issued to a related party for services provided; 375,000 shares were issued in relation to stock subscriptions. The Company issued 25,000 shares to an individual which was pending issuance and included in additional paid in capital as shares issuable on subscription, now recorded as common stock.

4. CONVERTIBLE PROMISSORY NOTES

Convertible Promissory notes as on December 31, 2023	Principal Amount		Unamortized balance of Debt Discount		Outstanding balance as on December 31, 2023		Derivative balance as on December 31, 2023

2013 Note	$	12,000	$	-	$	12,000	$	-
2014 Note		50,880		-		50,880		97,490
2017 Note		115,000		-		115,000		205,680
February 2022 Note		250,000		-		250,000		70,734
May 2022 Note		1,000,000		-		1,000,000		295,795
August 2022 Note		100,000		-		100,000		-
February 2023 Note		265,000		-		265,000		74,220
Apr 11, 2023 Note		49,250		-		49,250		37,432
Apr 24, 2023 Note		54,250		-		54,250		40,260
June 20, 2023 Note		75,000		-		75,000		20,818
June 26, 2023 Note		55,000		-		55,000		41,715
August 16, 2023 Note		55,000		-		55,000		49,167
August 17, 2023 Note		55,000		-		55,000		49,129
December 29, 2023 Note		10,000		3,553		6,447		2,572
Total	$	2,146,380	$	3,553	$	2,142,827	$	985,012

2013 Note

On October 1, 2013, the Company issued an unsecured convertible promissory note (the “2013 Note”) in the amount of $12,000 to a former Board member (the “Holder”) in exchange for retention as a director during the fiscal year ending September 30, 2014. The Note can be converted into shares of common stock by the Holder for $4.50 per share. The Note matured on October 1, 2015, and bore a one-time interest charge of $1,200 which was applied to the principal on October 1, 2014. As of December 31, 2023, the outstanding principal balance was $12,000 and accrued interest was $1,200. This loan is in default.

2014 Note

On November 20, 2014, the Company issued a 10% unsecured convertible promissory note (the “2014 Note”) for the principal sum of up to $400,000 plus accrued interest on any advanced principal funds. The 2014 Note matured eighteen months from each advance. The 2014 Note may be converted by the lender into shares of common stock of the Company at the lesser of $12.50 per share or (b) fifty percent (50%) of the lowest traded prices following issuance of the 2014 Note or (c) the lowest effective price per share granted to any person or entity. On November 20, 2014, the lender advanced $50,000 to the Company under the 2014 Note at inception. On various dates from February 18, 2015, through September 30, 2016, the lender advanced an additional $350,000 under the 2014 Note. During the period ended June 30, 2023, the Company and lender agreed to extend the maturity date for the outstanding balance to June 30, 2024. As of December 31, 2023, the outstanding principal balance was $50,880 and accrued interest was $37,985.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

4. CONVERTIBLE PROMISSORY NOTES (Continued)

2017 Note

On May 10, 2017, the Company issued a 10% unsecured convertible promissory note (the “2017 Note”) for the principal sum of up to $150,000 plus accrued interest on any advanced principal funds. The Company received a tranche in the amount of $25,000 upon execution of the 2017 Note. On various dates, the Company received additional tranches in the aggregate sum of $90,000. During the period ended June 30, 2023, the Company and lender agreed to extend the maturity date for the outstanding balance to June 30, 2024. The 2017 Note may be converted by the lender into shares of common stock of the Company at the lesser of $10 per share or (b) fifty percent (50%) of the lowest traded price of common stock recorded on any trade day after the effective date, or (c) the lowest effective price per share granted to any person or entity. As of December 31, 2023, the outstanding principal balance was $115,000 and accrued interest was $72,486.

August 2021 Note

On August 20, 2021, the Company issued a 10% secured promissory note (the “August 2021 Note”) for the principal sum of $500,000 plus accrued interest. The August 2021 Note was to mature on February 20, 2022, unless extended for up to an additional six months. The August 2021 Note could be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of 90% (representing a 10% discount) multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period. The Company issued 1,000,000 warrants at a price of $1.50 in connection with the note and issued 400,000 shares as a commitment fee. In February 2022, the Company extended the term of the August 2021 Note for an additional six months. The Company repaid the August 2021 Note on May 9, 2022, in connection with the issuance of the May 2022 Note described below. As of December 31, 2023, the balance on the August 2021 Note was $0.

In connection with the February 2023 Letter Agreement (described below) the warrants issued in connection with this note were repriced to $0.20 per share. The warrants contained a ratchet price adjustment provision and the difference in fair value upon the reduction of exercise price was treated as a deemed dividend for the down round adjustment provision.

February 2022 Note

On February 15, 2022, the Company issued a 10% secured promissory note (the “February 2022 Note”) for the principal sum of $250,000 plus accrued interest. The February 2022 Note was to mature on August 15, 2022, unless extended for up to an additional six months. The February 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before the conversion. In July 2022, the Company extended the term of the February 2022 note for another six months until February 15, 2023. In connection with the note, the Company issued 500,000 warrants with an exercise price of $1.50. The February 2022 Note had an original issuance discount amounting to $25,000, debt issuance cost amounting to $12,000 and the Company issued 300,000 shares as a commitment fee valued at $111,000 based on the share price on the date of the agreement. The initial recognition of derivative and warrant liability was recorded as debt discount and amortized over the term of the loan. The debt discount is fully amortized and the balance in debt discount as on December 31, 2023, was $0. As of December 31, 2023, the principal balance outstanding was $250,000 and accrued interest was $25,000.

On February 9, 2023, the Company entered into a letter agreement in connection with the February 2022 Note, whereby the lender extended the due date of the loan to May 9, 2023, and deferred all interest payments for the period from January 1, 2023, until May 9, 2023. Pursuant to the letter agreement the exercise price of the warrants issued with the February 2022 Note was reduced to $0.20 per share. The warrants contained a ratchet price adjustment provision and the difference in fair value upon the reduction of exercise price was treated as a deemed dividend for the down round adjustment provision

On June 8, 2023, the Company entered into a further letter agreement which extended the due date of the note until June 30, 2023. On August 8, 2023, the Company entered into a further letter agreement extending the due date of the loan until August 31, 2023. On January 29, 2024, the Holder agreed to a further extension until February 29, 2024.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

4. CONVERTIBLE PROMISSORY NOTES (Continued)

May 2022 Note

On May 5, 2022, the Company issued a 12% secured promissory note (the “May 2022 Note”) for the principal sum of $1,000,000 plus accrued interest. The May 2022 Note was to mature on November 5, 2022, unless extended for up to an additional six months. If extended, the interest rate increased to 15% for the remaining six months. The May 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion. The Company used some of the proceeds from the May 2022 Note to pay off the August 2021 Note. In November 2022, the Company extended the May 2022 Note for another six months until May 5, 2023. In connection with the loan the Company issued 1,000,000 warrants at an exercise price of $0.01. The May 2022 Note had an original issuance discount amounting to $100,000, debt issuance costs of $25,500 and the Company issued 875,000 shares as a commitment fee valued at $259,875 based on the share price on the date of the agreement. The initial recognition of derivative liability of $412,065 and warrant liability amounting to $282,051 was recorded as debt discount and amortized over the term of the loan. The balance in debt discount as on December 31, 2023, was $0. As of December 31, 2023, the principal balance outstanding was $1,000,000 and the accrued interest was $150,000.

On February 9, 2023, the Company entered into a letter agreement in connection with the May 2022 Note deferring all interest payments from January 1, 2023, until May 9, 2023.

On June 8, 2023, the Company entered into a further letter agreement which extended the due date of the of the note until June 30, 2023. On August 8, 2023, the Company entered into a further letter agreement extending the due date of the loan until August 31, 2023. On January 29, 2024, the Holder agreed to a further extension until February 29, 2024.

August 2022 Note

On August 8, 2022, the Company issued a 12% unsecured promissory note (the “August 2022 Note”) for the principal sum of $100,000 plus accrued interest. The August 2022 Note matured on August 8, 2023. The holder has the right, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a conversion price of $0.15. The initial recognition of derivative liability of $77,259 was recorded as debt discount and amortized over the term of the loan. The balance in debt discount as on December 31, 2023, was $0. As of December 31, 2023, the balance outstanding was $100,000 and accrued interest was $18,160.

On August 3, 2023, the Company and the holder signed an agreement extending the loan until November 8, 2023, with an interest rate of 14% commencing on August 9, 2023. On January 31, 2024, the Holder agreed to a further extension until February 29, 2024, in return for an additional fee of $5,000.

September 2022 Note

On September 22, 2022, the Company issued an 8% secured promissory note (the “September 2022 Note”) for the principal sum of $79,250 plus accrued interest. The September 2022 Note was to mature on September 22, 2023. In case of default in repayment of the outstanding amount on the due date, the balance would have borne interest of 22% per annum. The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company had the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty was subject to agreement between the parties. The initial recognition of derivative liability amounting to $75,000 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. The Company repaid the loan in full including interest of $3,127 and prepayment penalty of $20,594 on March 12, 2023. As of December 31, 2023, the balance outstanding was $0.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

4. CONVERTIBLE PROMISSORY NOTES (Continued)

November 2022 Note

On November 1, 2022, the Company issued an 8% secured promissory note (the “November 2022 Note”) for the principal sum of $55,000 plus accrued interest. The November 2022 Note was to mature on November 1, 2023. In case of default in repayment of the outstanding amount on the due date, the balance would have borne interest of 22% per annum. The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company had the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty was subject to agreement between the parties. The initial recognition of derivative liability amounting to $50,750 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. The Company repaid the loan in full including interest of $2,109 and prepayment penalty of $14,277 on April 24, 2023. As of December 31, 2023, the balance outstanding was $0.

December 2022 Note

On December 7, 2022, the Company issued an 8% secured promissory note (the “December 2022 Note”) for the principal sum of $55,000 plus accrued interest. The December 2022 Note was to mature on December 7, 2023. In case of default in repayment of the outstanding amount on the due date, the balance would have borne interest of 22% per annum. The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company had the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty was subject to agreement between the parties. The initial recognition of derivative liability amounting to $50,750 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. On June 13, 2023, the lender converted $12,000 of the amount due into 141,677 shares of the Company and on June 20, 2023, the Company repaid the balance of the loan together with $2,260 in interest and $11,315 in prepayment penalty. As of December 31, 2023, the balance outstanding was $0.

February 2023 Letter Agreement

On February 9, 2023, the Company entered into a letter agreement, whereby the Company borrowed an additional loan amounting to $265,000, which was added to the May 2022 Note. The $265,000 loan has an original issuance discount of 10% of the principal and bears interest at 10% a year. This loan was due on May 9, 2023. Our chief executive officer, Dwain K. Irvin, guaranteed repayment of the loan. Pursuant to this agreement, the Company paid a commitment fee of 500,000 unregistered shares of the Company’s common stock which were valued at $82,500 based on the share price on the date of the agreement. The initial recognition of derivative liability amounting to $110,576 was recorded as debt discount and amortized over the term of the loan. The original issuance discount of $26,500 was recorded as debt discount and amortized over the term of the loan. As of December 31, 2023, the unamortized debt discount balance was $0 the principal balance outstanding was $265,000 and accrued interest was $23,556.

Also, as part of this agreement the lender extended the term of February 2022 note to May 9, 2023, and deferred payment of all interest due on both the February 2022 note and May 2022 note until May 9, 2023. In addition, the Company issued 1,000,000 warrants to purchase common stock at a price of $0.20 per share and repriced the warrants issued in connection with the August 2021 Note and February 2022 Note to $0.20 per share. Since the consideration was for all the modifications and not just the additional loan, the expense was recorded immediately.

On June 8, 2023, the Company entered into a letter agreement which extended the due date of the note until June 30, 2023. On August 8, 2023, the Company entered into a further letter agreement extending the due date of the loan until August 31, 2023. On January 29, 2024, the Holder agreed to a further extension until February 29, 2024.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

4. CONVERTIBLE PROMISSORY NOTES (Continued)

April 11, 2023, Note

On April 11, 2023, the Company issued a convertible promissory note for the principal sum of $79,250 plus accrued interest (the “April 11, 2023 Note”). The loan bears interest at 8% a year. The note matures on April 11, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $75,000 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. As of September 30, 2023, the remaining debt discount and debt issuance cost balance was expensed since the loan is in default. During the quarter ending December 31, 2023, $30,000 of the loan was converted from debt to 2,002,579 common shares within the terms of the note with no gain or loss. As of December 31, 2023, the principal balance outstanding was $49,250 and the accrued interest was $4,263. On January 16, 2024, the Company received a default notice on this note as discussed in Note 12 Subsequent Events.

April 24, 2023, Note

On April 24, 2023, the Company issued a convertible promissory note in the original principal amount of $54,250 plus accrued interest (the “April 24, 2023 Note”). The loan bears interest at 8% a year. The note matures on April 24, 2024. In case of default in repayment of the outstanding amount on the due date the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of derivative liability amounting to $50,000 was recorded as debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded as debt discount and amortized over the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance costs was expensed since the loan is in default. As of December 31, 2023, the principal balance outstanding was $54,250 and the accrued interest was $2,937. On January 16, 2024, the Company received a default notice on this note, as discussed in Note 12 Subsequent Events.

June 19, 2023, Letter Agreement

On June 19, 2023, the Company entered into a letter agreement whereby it borrowed a further $75,000 which was added to the May 2022 Note. This loan bears interest at 15% a year and matures on July 16, 2023. Our chief executive officer, Dwain K. Irvin, guaranteed repayment of the $75,000 loan. In connection with this loan the Company issued 750,000 warrants at an exercise price of $0.0001 per share. The initial recognition of the derivative liability was $75,000 which is amortized over the life of the loan. As of December 31, 2023, the principal balance outstanding was $75,000 and accrued interest was $5,938.

On August 8, 2023, the Company entered into a further letter agreement extending the due date of the loan until August 31, 2023. On January 31, 2024, the Holder agreed to a further extension until February 29, 2024.

June 20, 2023, Note

On June 20, 2023, The Company issued a convertible promissory note in the original principal amount of $55,000 plus accrued interest (the “June 20, 2023 Note”). The loan bears interest at 8% a year and matures on June 20, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $17,937 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $4,250 was recorded in debt discount and amortized of the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance cost was expensed since the loan is in default. As of December 31, 2023, the principal balance outstanding was $55,000 and accrued interest was $2,278. On January 16, 2024, the Company received a default notice on this note, as discussed in Note 12 Subsequent Events.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023, AND 2022

4. CONVERTIBLE PROMISSORY NOTES (Continued)

August 16, 2023, Note

On August 16, 2023, the Company issued a convertible promissory note in the original principal amount of $55,000 plus accrued interest (the “August 16, 2023 Note”). The note bears interest at 8% a year and matures on August 16, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $52,800 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $2,200 was recorded in debt discount and amortized of the term of the loan. As of September 30, 2023, the remaining balance is debt discount and debt issuance cost was expensed since the loan is in default. As of December 31, 2023, the principal balance outstanding was $55,000 and accrued interest was $1,652. On February 1, 2024, the Company received a default notice on this note, as discussed in Note 12 Subsequent Events.

August 17, 2023, Note

On August 17, 2023, the Company issued a convertible promissory note in the original principal amount of $55,000 plus accrued interest (the “August 17, 2023 Note”). The note bears interest at 8% a year and matures on August 17, 2024. In case of default in repayment of the outstanding amount on the due date, the balance will bear interest of 22% per annum. The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date. The Company has the right to prepay the loan with a prepayment penalty of between 15% and 25% of the total amount owed in the first six months. Thereafter, any prepayment penalty is subject to agreement between the parties. The initial recognition of the derivative liability of $50,000 was recorded in debt discount and amortized over the term of the loan. The debt issuance cost of $5,000 was recorded in debt discount and amortized of the term of the loan. As of September 30, 2023, the remaining balance in debt discount and debt issuance cost was expensed since the loan is in default. As of December 31, 2023, the principal balance outstanding was $55,000 and accrued interest was $1,639. On January 16, 2024, the Company received a default notice on this note, as discussed in Note 12 Subsequent Events.

December 29, 2023, Letter Agreement

On December 29, 2023, the Company entered into a letter agreement with the holder of the February 2022 Note. Under this agreement the holder agreed to loan the Company an additional $29,444 to be added to the principal of the February 2022 Note. An initial amount of $10,000 was loaned on December 29, 2023. The loan has an original interest discount of 10% and bears interest at 10% per annum. As of December 31, 2023, the balance on this note was $10,000 and the balance in debt discount was $3,553. The remaining $19,444 was loaned to the Company on February 8, 2024

As part of this agreement, the Company agreed to extend the life on each of the warrants previously issued to the holder by two years.

We evaluated the financing transactions in accordance with ASC Topic 815, Derivatives and Hedging, and determined that the conversion feature of the convertible promissory notes was not afforded the exemption for conventional convertible instruments due to its variable conversion rate. The notes have no explicit limit on the number of shares issuable so they did not meet the conditions set forth in current accounting standards for equity classification. The Company elected to recognize the notes under paragraph 815-15-25-4, whereby, there would be a separation into a host contract and derivative instrument. The Company elected to initially and subsequently measure the notes in their entirety at fair value, with changes in fair value recognized in earnings. The Company recorded a derivative liability representing the imputed interest associated with the embedded derivative. The derivative liability is adjusted periodically according to the stock price fluctuations based upon the Binomial lattice model calculation.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

4. CONVERTIBLE PROMISSORY NOTES (Continued)

The convertible notes issued and described in this Note do not have fixed settlement provisions because their conversion prices are not fixed. The conversion feature has been characterized as a derivative liability to be re-measured at the end of every reporting period with the change in value reported in the statement of operations.

We record the full value of the derivative as a liability at issuance with an offset to valuation discount, which will be amortized over the life of the notes.

For the purpose of determining the fair market value of the derivative liability for the embedded conversion, the Company used Binomial lattice valuation model. The significant assumptions used in the Binomial lattice valuation of the derivatives are as follows:

Risk free interest rate		Between 4.9% and 5.6%
Stock volatility factor		Between 77% and 115%
Years to Maturity		Between 4 months and 9 months
Expected dividend yield		None

5. CONVERTIBLE PROMISSORY NOTES, RELATED PARTY

July 2022 Note, related party

On July 28, 2022, the Company issued a 12% unsecured promissory note (the “July 2022 Note”) for the principal sum of $12,500 plus accrued interest. All amounts outstanding under the July 2022 Note were payable on the earlier of: (a) October 31, 2022, or (b) the receipt by the Company of debt or equity financing of $3.0 million. In November 2022, the holder agreed to extend the term of the note until April 2023 and in April 2023 agreed to a further extension until August 31, 2023. The holder has the right, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at conversion price of $0.15. The initial recognition of derivative liability of $12,500 was recorded as debt discount and amortized over the term of the loan. The balance in debt discount as on December 31, 2023, was $0. As of December 31, 2023, the balance outstanding net of debt discount was $12,500 and accrued interest was $2,134. On January 3,2024, the holder agreed to a further extension until January 31, 2024, and on January 31, 2024, to an extension until February 29, 2024.

6. SHORT TERM LOANS, RELATED PARTIES

On July 28, 2022, the Company entered into a short-term interest free loan agreement amounting to $12,500, with Jason M. Anderson, an independent member of our board of directors, to fund the operations until longer term financing can be obtained by the Company. The loan terms required repayment of all amounts outstanding under the loan on the earlier of: (a) October 31, 2022 or (b) the receipt by the Company of debt or equity financing of $3.0 million.

On February 9, 2023, the Company entered into a second interest-free loan agreement with Mr. Anderson amounting to $8,500. The loan does not bear interest (except on default) and was due on the earlier of August 31, 2023, or our receipt of debt or equity financing of at least $3.0 million.

Imputed interest of $2,644 on the related party loans of Mr. Anderson was charged to interest expense and credited to additional paid-in capital.

Mr. Anderson has agreed to various extensions on these loans, the most recent being on January 31, 2024 extending the due date until February 29, 2024.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

6. SHORT TERM LOANS, RELATED PARTIES (Continued)

On December 21, 2023, our Chairman, John A. Cassarini loaned the Company $10,000 to address short-term cash need. Our Chief Financial Officer, Neil J. Laird loaned the Company $1,000. These loans do not bear interest and do not have a specified due date, but are expected to be paid in full upon completion of the Sumner transaction or other financing.

Subsequent to the quarter end, on January 26, 2024, Jason Anderson loaned the Company a further $2,000 to address short-term cash needs. The loan is non-interest bearing and has the same terms as Mr. Andersson’s previous loans discussed above.

7. WARRANTS

On August 20, 2021, for value received in connection with the issuance of the August 2021 Note, the Company issued 1,000,000 warrants to the lender with an exercise price of $1.50 per share with a five-year exercise period. On February 9, 2023, the Company entered into a letter agreement in connection with the August 2021 Note, whereby the exercise price of the warrants issued on the August 2021 Note was reduced to $0.20 per share. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

On February 16, 2022, for value received in connection with the issuance of the February 2022 Note, the Company issued 500,000 warrants to the lender with an exercise price of $1.50 per share with a five-year exercise period. On February 9, 2023, the Company entered into a letter agreement in connection with the August 2021 Note, whereby the exercise price of the warrants issued on the August 2021 Note was reduced to $0.20 per share. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

Per guidance in ASC 260, the Company determined that the repricing of warrants discussed above, was an exchange of the existing 1,500,000 warrants and the difference between the fair value of the warrants immediately prior to modification of terms and immediately after the adjustment was as a deemed dividend. The difference between the fair value of the warrants immediately prior to modification of terms and immediately after the adjustment was calculated as $44,241, using a Black Scholes model based on the following significant inputs: On February 9, 2023: common stock price of $0.165; company volatility of 156%-159%; remaining term 3.2-4.1 years; dividend yield of 0% and risk-free interest rate of 3.81-3.71%.

On May 10, 2022, for value received in connection with the issuance of the May 2022 Note, the Company issued 1,000,000 warrants to the lender with an exercise price of $0.01 per share with a five-year exercise period. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

On February 9, 2023, for value received in connection with the issuance of the February 2023 Note and extending the payment terms on previously issued notes, the Company issued 1,000,000 warrants to the lender with an exercise price of $0.20 per share with a five-year exercise period. The fair value of the warrant issued in relation to the letter agreement issued on February 2023, was recorded as stock compensation expense amounting to $148,500. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

In connection with a letter agreement on June 8, 2023, to extend the due date of the February 2022 Note, the May 2022 Note and the February 2023 letter agreement until June 30, 2023, the Company issued a common stock purchase warrants at $0.20 a share with a five-year term. 1,000,000 warrants were issued on June 8, 2023, 500,000 warrants were issued on June 15, 2023, and 500,000 warrants were issued on June 30, 2023. The fair value of the warrant issued in relation to the letter agreement issued on June 2023, was recorded as expense amounting to $238,412. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

On June 19, 2023, for value received in connection with the issuance of the June 20, 2023 letter agreement, the Company issued a warrant to purchase 750,000 shares of common stock for $0.0001 a share with a five-year term.

On August 9, 2023, in connection with the extension of the due date of the February 2022 loan, the May 2022 loan, the February 2023 letter agreement and the June 2023 letter agreement, the Company issued 2,000,000 common stock warrants at $0.20 per share with a five-year term. The fair value of this warrant was recorded as an expense of $177,086. This agreement also amended the terms of the previous warrant agreements from cash to cashless exercise. On December 29, 2023, in connection with the letter agreement discussed above, the life of this warrant was extended by two years.

The Company valued the impact of the two year extension of the term on all of the above warrants using the Black-Scholes model and recorded an expense of $29,000.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

7. WARRANTS (Continued)

On December 31, 2023, the fair value of the derivative liability of the warrants was $140,989 and was $728,991 as of September 30, 2023.

For the purpose of determining the fair market value of the derivative liability for the embedded conversion, the Company used the Binomial lattice valuation model. The significant assumptions used in the Binomial lattice valuation of the derivatives are as follows:

Risk free interest rate		Between 3.8% and 4.0%
Stock volatility factor		Between 144% and 152%
Years to Maturity		6.0 years
Expected dividend yield		None

8. OPTIONS

On June 2, 2020, the Company issued 2,000,000 options, on a post reverse split basis, to purchase common stock to the then directors of the Company as compensation for serving on the board during 2019. These options are exercisable on a cashless basis for a period of ten years from September 30, 2020, at an exercise price of $0.01 per share.

For the purpose of determining the fair market value of the options issued on June 2, 2020, the Company used the Black Scholes valuation model. The significant assumptions used in the Black Scholes valuation model for the options are as follows:

Risk Free Interest Rate		0.32%
Stock Volatility Factor		146.0%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

On March 13, 2023, the Company entered into non-qualified stock option agreements and granted vested ten-year options to purchase shares of the Company’s common stock for $0.175 a share, the closing price on the grant date. The Company issued options to purchase a total of 3,542,857 shares as follows: (a) 857,143 to each of the independent directors, (b) 428,571 to the chief financial officer, and 571,429 to the president of our StemVax Therapeutics subsidiary; (c) 57,143 to each of our scientific advisory board members; and (d) the remaining 542,857 to staff members and other service providers. The options are 100% vested and exercisable on the grant date and will expire on the tenth anniversary of the grant date on March 13, 2033. The stock-based compensation expense of $563,315 relating to the 2023 grants was recorded in the income statement on the grant date as the options are fully vested and exercisable on that date.

For the purpose of determining the fair market value of the options, the Company used the Black Scholes valuation model. The significant assumptions used in the Black Scholes valuation model for the options are as follows:

Risk Free Interest Rate		3.68%
Stock Volatility Factor		146.79%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

A summary of the Company’s options activity and related information follows for the quarter ended December 31, 2023:

	December 31, 2023
			Weighted
	Number		average
	Of		exercise
	Options		price
Outstanding - beginning of period		5,542,857	$	0.115
Granted		-		-
Exercised		-		-
Forfeited		-		-
Outstanding - end of period		5,542,857	$	0.115

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

8. OPTIONS (Continued)

At December 31, 2023, the weighted average remaining contractual life of options outstanding:

		December 31, 2023
						Weighted
						Average
						Remaining
Exercisable		Options		Options		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	0.01		2,000,000		2,000,000		6.75
$	0.175		3,542,857		3,542,857		9.20

The entire stock-based compensation expense amounting to $563,314 relating to the 2023 grants was recorded in the income statement on the grant date as the options are fully vested and exercisable on that date.

9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and accrued other current liabilities consisted of the following at December 31, 2023, and September 30, 2023:

	December 31, 2023		September 30, 2023
Accrued liabilities	$	19,194	$	11,154
Interest payable		349,231		289,101
Provision for guaranteed commitment fees (1)		1,268,500		1,042,500
Accrued payroll		54,320		3,875
Deferred compensation		629,794		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		-		23,772
	$	2,361,441	$	1,982,567

(1) Under the terms of the August 2021 Note, the February 2022 Note, the May 2022 Note, the February 2023 Letter Agreement and the June 19, 2023, Letter Agreement, the Company issued a total of 2,825,000 shares of common stock or pre-funded warrants as commitment fees. If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000. The difference between the fair value of the 2,825,000 shares as on December 31, 2023, and the guaranteed sale amount was recorded as a provision for guaranteed commitment fees and included in the table above.

10. DUE TO RELATED PARTIES

Due to Innovest Global

During the periods prior to the year ended September 30, 2022, Innovest Global, Inc. (“Innovest”) advanced funds to the Company for operating expenses in the amount of $86,217. As of December 31, 2023, the amount has not been reimbursed to Innovest. Our former Chairman Daniel Martin was the CEO of Innovest when the funds were advanced.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

10. DUE TO RELATED PARTIES (Continued)

Due to TN3 LLC

On January 31, 2022, the Company entered into a preferred stock redemption agreement with Daniel G. Martin, at the time, sole board member and chairman, TN3, LLC, a company owned by Mr. Martin, Dwain K. Irvin, the chief executive officer, and Irvin Consulting, LLC, a company owned by Dr. Irvin. TN3 owned 25,000 shares of the Series B convertible preferred stock. Pursuant to the redemption agreement, on March 14, 2022, NovAccess redeemed 24,400 of the preferred shares and Irvin Consulting purchased 600 of the preferred shares from TN3. The Company also issued to TN3 1,502,670 shares of unregistered common stock, at $ 0.35 amounting to $525,934 which was equal to 10% of our outstanding common stock on the date the redemption agreement was signed. Upon completion of the redemption transaction, the Company was obligated to pay to TN3 a total of $250,000 over a period of eleven months, with payment accelerated if the Company raises at least $2.5 million of equity capital. As of December 31, 2023, the Company owed TN3 $95,000 of the redemption price and was in default.

Also in connection with closing the redemption transaction, on March 14, 2022, the Company entered into a common stock distribution agreement with Innovest Global, Inc. Innovest acquired 7.5 million shares of the common stock when Innovest sold StemVax, LLC to NovAccess in September 2020. Pursuant to the stock distribution agreement, Innovest agreed to distribute its NovAccess common stock to Innovest’s shareholders. Innovest has not completed the distribution.

11. COMMITMENTS AND CONTINGENCIES

There are no material pending legal proceedings to which we are a party, nor are there any such proceedings known to be contemplated by governmental authorities. None of our directors, officers, or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business.

Under the terms of the August 2021 Note, the February 2022 Note, the May 2022 Note, the February 2023 Letter Agreement and the June 19, 2023, Letter Agreement, the Company issued a total of 2,825,000 shares of common stock or pre-funded warrants as commitment fees. If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000. The difference between the fair value of the 2,825,000 shares as on December 31, 2023, and the guaranteed sale amount was recorded as a provision for guaranteed commitment fees and included in the accrued expenses (see Note 9).

12. SUBSEQUENT EVENTS

Sumner Global Investment

On December 29, 2023, NovAccess Global Inc. entered into a securities purchase agreement (the “purchase agreement”) with Sumner Global LLC, an affiliate of Sumner Investment Group Inc. (“Sumner”), pursuant to which Sumner agreed to purchase 33.0 million newly issued shares of our unregistered common stock for $0.11 a share, or $3.63 million in total, and to loan us $7.05 million (collectively, the “transaction”). We expect to use this investment to fund operations and repay debt. Sumner is a global company that has created value across a diverse range of assets focusing on the procurement of products and services for governments and corporations around the world with an emphasis on healthcare, defense and logistics.

Sumner agreed to purchase the shares of common stock on or before January 31, 2023. Sumner agreed to make the loans in two tranches, with $3.05 million on February 15, 2024, and the remaining $4.0 million on March 15, 2024. The loans will be represented by convertible promissory notes that will have a five-year term, bear interest at 10% a year, and be convertible into shares of NovAccess common stock at $0.11 a share.

The transaction is subject to a number of contingencies, including Sumner completing its planned capital raise and there having been no material adverse effect on our business, operations, assets, financial condition or prospects. As a result, we cannot guarantee that the transaction will be completed when we expect, or whether the transaction will close at all.

Pursuant to the purchase agreement, Sumner has the right to appoint up to three new members to our board of directors. The purchase agreement also includes typical representations, warranties and covenants.

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NOVACCESS GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

DECEMBER 31, 2023 AND 2022

12. SUBSEQUENT EVENTS (Continued)

As required by the purchase agreement, Irvin Consulting, LLC, a California limited liability company owned by our CEO Dwain K. Irvin, agreed to convert 600 shares of our Series B convertible preferred stock into 6.0 million shares of the Company’s unregistered common stock pursuant to the terms of the preferred stock (the “conversion”). The conversion will be effective upon our receipt of the $3.63 million purchase price for the common stock purchased by Sumner. Upon completion of the conversion, we will not have any shares of preferred stock outstanding.

The purchase agreement, including a form of convertible promissory note, is filed as an exhibit on Form 8-K. The description above is qualified in its entirety by reference to the full text of the purchase agreement.

As of the date of this report, the agreement has not been completed but based on assurances from Sumner is expected to close shortly.

Issuance of Common Shares

On various dates since December 31, 2023, the holder of the April 11, 2023, Note has converted a further $42,500 of the principal balance into shares of common stock. The Company issued 3,718,032 shares of common stock for these conversions.

Loan Agreements

On February 8, 2024, the Company borrowed a further $19,444 under the December 29, 2023, letter agreement.

On February 20, 2024, the lender advanced the Company a further $25,000 to cover basic operating expenses. The parties are currently negotiating the terms of a further loan that is expected to provide the Company with another $50,000 over the next two months.

Bridge Loans

On January 26, 2024, Jason Anderson loaned the Company $2,000 to address short-term cash needs. The loan is non-interest bearing and has the same terms as Mr. Anderson’s other loans discussed above.

Default Notice

The Company previously issued to 1800 Diagonal Lending LLC four convertible promissory notes on April 11, April 28, June 20, and August 17, 2023 (collectively, the “Notes”). Pursuant to the Notes, 1800 Diagonal loaned NovAccess $243,770 in the aggregate. Each of the Notes has a provision that requires us to make all filings with the Securities and Exchange Commission required by the Securities Exchange Act of 1934. We are late in filing the Company’s annual report for fiscal 2023 and are in default of this provision of the Notes. The Notes provide that if there is a default, 1800 Diagonal may accelerate the due date of the loans and require immediate payment of amounts outstanding under the Notes, multiplied by 150% as a penalty. On January 16, 2024, 1800 Diagonal notified us of the default and demanded payment in full of the Notes.

The Company previously issued a convertible promissory note to 13 Paul Lending LLC on August 16, 2023. Pursuant to the note, 13 Paul Lending loaned NovAccess $55,000. The note has a provision that requires us to make all filings with the Securities and Exchange Commission required by the Securities Exchange Act of 1934. We are late in filing the Company’s annual report for fiscal 2023 and are in default of this provision of the note. The note provides that if there is a default, 13 Paul Lending may accelerate the due date of the loan and require immediate payment of amounts outstanding under the note, multiplied by 150% as a penalty. On February 1, 2024, 13 Paul Lending notified us of the default and demanded payment of the note in full.

The estimated amount due including penalties and interest is $360,000. We do not have the funds required to repay the notes. If we do not make the payment, 1800 Diagonal and 13 Paul Lending will have the right to convert the amounts outstanding into shares of our common stock at a significant discount to the market price, in additional to other rights and remedies under the note.

Extension of Due Dates on Loans

On January 31, 2024, the Holders of the February 2022 Note, the May 2022 Note, the July 2023 Related Party Note, the August 2022 Notes, the February 2023 Letter Agreement, the June 19, 2023 Letter Agreement and the Related Party Non-Interest Bearing note all agreed to extend the due date on the loans until February 29, 2024.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary and Forward-Looking Statements

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the related notes included elsewhere in this Quarterly Report on Form 10-Q. In addition to historical consolidated financial information, the following discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results could differ materially from those anticipated by these forward-looking statements as a result of many factors, including those discussed in this Quarterly Report and under “Item 1A: Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2023.

We undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this report. Readers should carefully review the factors described in other documents that the Company files from time to time with the SEC.

Organization

NovAccess Global Inc. is a Colorado corporation that was formerly known as XsunX, Inc. and Sun River Mining Inc.

Business Plan

In 2020, we transitioned our operations from solar contracting operations to the commercialization of developmental healthcare solutions in the biotechnology, medical, and health and wellness markets. On June 2, 2020, we entered into a membership interest purchase agreement with Innovest Global, Inc. to acquire StemVax, LLC (“StemVax”) for 7.5 million shares of our unregistered common stock. The acquisition was completed on September 8, 2020.

StemVax is a biopharmaceutical company developing novel therapies for brain tumor patients that holds an exclusive patent license from Cedars-Sinai Medical Center in Los Angeles, California (Cedars-Sinai) known as StemVax Glioblast (SVX-GB/TLR-AD1). TLR-AD1 specifically targets glioblastoma, the most common and lethal type of adult brain tumor. Christopher Wheeler, President of StemVax, has been involved in the pre-clinical research and development of the drug candidate at Cedars-Sinai Department of Neurosurgery since 1997. Dr. Wheeler began preparing the pre-IND application to obtain U.S. Food and Drug Administration (“FDA”) approval to start human clinical trials. In 2021, Dr. Wheeler led pre-IND interactions with the FDA and obtained a recommended roadmap from the FDA to facilitate the filing of an IND application for a Phase I application or a Phase IIa application. We currently plan to submit an IND application in 2024 if funding is available. In August 2022, we filed an application with the FDA for orphan drug designation (“ODD”) for TLR-AD1, which was granted in October 2022. Receiving ODD status represents a milestone in the development of TLR-AD1 and provides us with multiple incentives, including seven-year marketing exclusivity and federal tax credits, among other benefits.

We believe that investing in the biotechnology industry will significantly increase value for our shareholders. However, we cannot guarantee that we will be successful in this endeavor or that we can obtain the funding necessary to commercialize StemVax Glioblast or locate, acquire and finance the acquisition of additional biotechnology companies.

Results of Operations for the three months ended December 31, 2023, compared to three months ended December 31, 2022

Revenue and Cost of Sales

The Company generated no revenue or cost of goods sold in the fiscal quarters ended December 31, 2023, and 2022.

Selling, General and Administrative Expenses

Selling, general and administrative (SG&A) expenses decreased by $274,306 during the three months ended December 31, 2023, to $207,849 as compared to $482,155 for the three months ended December 31, 2022. The decrease in SG&A expenses during the three months ended December 31, 2023, included a reduction in consulting services for investor relations of $223,741 and lower expenses for legal and accounting fees as the Company reduced services given the funding situation.

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Research and Development Expenses

The research and development expense increased by $14,734 for the three months ended December 31, 2023, to $49,697 as compared to $34,963 for the three months ended December 31, 2022. The increase was the result of more time spent on expanding our portfolio of intellectual property.

Other Income/(Expenses)

Other income/(expense) improved by $3,626,044 from other expense of $2,114,288 for the three months ended December 31, 2022, to other income of $1,511,756 for the three months ended December 31, 2023. The change in derivative liability was the most significant change and was a gain of $1,858,953 in the current quarter as opposed to a loss of $2,081,584 in the December 2022 quarter. The gain was the result of lower volatility in the stock price, a shorter term and a lower stock price compared to the previous quarter. There was also an improvement in interest expense of $228,640 as a result of lower amortization of debt discount costs. These reductions were partially offset by the increase in the commitment fee guarantee of $226,000 compared to a reduction of $267,750 in the previous year’s quarter. This was due to the lower stock price in the quarter.

Net Income/Loss

For the three months ended December 31, 2023, our net income was $1,303,593 as compared to a net loss of $2,631,406 for the same period in 2022. The increase in net income of $3,934,999 was due to the items described above.

Liquidity and Capital Resources

We had a working capital deficit at December 31, 2023, of $6,429,176 as compared to a working capital deficit of $7,798,484, as of September 30, 2023. The decrease of $1,369,308 in the working capital deficit was the result of the reduction of $1,856,381 in the derivative liability because of the lower stock price, lower volatility and the shorter term of the corresponding loans. This was partially offset by increases in accounts payable of $75,842 and accrued expenses and other current liabilities of $378,874.

For the three months ended December 31, 2023, our cash flow used by operating activities was $39,910 as compared to cash flow used by operating activities of $159,307 for the three months ended December 31, 2022. The decrease in cash flow used by operating activities was primarily due to changes in assets and liabilities described above as well as a reduction in operating activities because of the cash situation.

The Company will need to raise additional funds to finance its ongoing operations, complete its IND application to the FDA and to make payments under its loan agreements. We expect this will require at least $3.0 million through December 31, 2024. We plan to raise this capital through the issuance of additional common stock as well as obtaining additional debt as needed. On December 29, 2023, we entered into a securities purchase agreement with Sumner Global LLC, an affiliate of Sumner Investment Group Inc. (“Sumner”), pursuant to which Sumner agreed to purchase 33.0 million newly issued shares of our unregistered common stock for $0.11 a share, or $3.63 million in total, and to loan us $7.05 million. The transaction is subject to a number of contingencies, including Sumner completing its planned capital raise and there having been no material adverse effect on our business, operations, assets, financial condition or prospects. As a result, we cannot guarantee that the transaction will be completed when we expect, or whether the transaction will close at all.

Off-Balance Sheet Arrangements

We do not have any relationships with unconsolidated entities or financial partnerships such as entities often referred to as structured finance or special purpose entities that would have been established for the purpose of facilitating off-balance-sheet arrangements or for other contractually narrow or limited purposes. As a result, we are not exposed to any financing, liquidity, market or credit risk that could arise if we had engaged in such relationships.

Critical Accounting Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements. Significant estimates made in preparing these consolidated financial statements include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, the fair value of stock options, and derivative liabilities. Actual results could differ materially from those estimates.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Because NovAccess is a “smaller reporting company” as defined by the Securities and Exchange Commission, we are not required to provide additional market risk disclosure.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management team, with the participation of our chief executive officer, Dwain K. Irvin, and chief financial officer, Neil J. Laird, evaluated the effectiveness of the design and operation of NovAccess’ disclosure controls and procedures (as defined under the Securities Exchange Act) as of December 31, 2023. Based upon this evaluation, Messrs. Irvin and Laird concluded that the Company’s disclosure controls and procedures were not effective as of December 31, 2023, as a result of a material weakness. Our independent auditors recorded adjustments to our financial statements that resulted in changes to the financial statements.

Changes in Internal Control Over Financial Reporting

Our senior management team is responsible for establishing and maintaining adequate internal control over financial reporting, defined under the Exchange Act as a process designed by, or under the supervision of, our principal executive and principal financial officers, or persons performing similar functions, and effected by our board, senior management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with United States generally accepted accounting principles.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. We continue to review our internal control over financial reporting and may from time to time make changes aimed at enhancing their effectiveness and to ensure that our systems evolve with our business.

There was a change in our internal control over financial reporting identified in connection with the evaluation required by the Securities Exchange Act that occurred during our first fiscal quarter that could have materially affected, or was reasonably likely to materially affect, our internal control over financial reporting. We identified a material weakness because our independent auditors recorded adjustments to our financial statements that resulted in changes to the financial statements.

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Part II — Other Information

Item 1. Legal Proceedings.

We are not involved in any legal proceedings.

Item 1A. Risk Factors.

Please refer to the risk factors listed under “Item 1A: Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2023, for information relating to certain risk factors applicable to NovAccess.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

On April 11, 2023, we issued a convertible promissory note in the original principal amount of $79,250 to 1800 Diagonal Lending LLC. During the quarter ended December 31, 2023, 1800 Diagonal converted $59,500 of the principal of the note into shares of common stock, leaving a principal balance of $19,750. We issued 4,420,611 shares of common stock for these conversions at an average price of $0.013 per share. These issuances of shares to 1800 Diagonal were exempt from registration under Section 4(a)(2) of the Securities Act of 1933.

During the quarter ended December 31, 2023, we issued 208,752 unregistered shares of our common stock for accounting and investor relations services. 108,750 of these shares were issued to a related party.

The issuances of shares to our service providers were exempt from registration under Section 4(a)(2) of the Securities Act.

Item 3. Defaults Upon Senior Securities.

During the quarter ended December 31, 2023, NovAccess was not in material default with respect to any of its material indebtedness.

Item 4. Mine Safety Disclosures.

We are not engaged in mining operations.

Item 5. Other Information.

We have disclosed on Form 8-K all reportable events that occurred in the quarter ended December 31, 2023.

Item 6. Exhibit and Financial Statement Schedules.

(a) Financial Statement Schedules (see Item 1 Financial Statements and Supplementary Data)

(b) Exhibits

Exhibit		Description
31.1		Certification Pursuant to Section 302 of the Sarbanes-Oxley Act — Dwain K. Irvin
31.2		Certification Pursuant to Section 302 of the Sarbanes-Oxley Act — Neil J. Laird
32.1		Certification Pursuant to Section 906 of the Sarbanes-Oxley Act
101		The following materials from the NovAccess Global Inc. Quarterly Report on Form 10-Q for the period ended December 31, 2023, formatted in iXBRL (Inline eXtensible Business Reporting Language):
		(i) the Condensed Consolidated Balance Sheets as of December 31, 2023 and September 30, 2022
		(ii) the Condensed Consolidated Statements of Operations for the Three Months Ended December 31, 2023, and December 31, 2022,
		(iii) the Condensed Consolidated Statements of Shareholders’ Deficit for the Three Months Ended December 31, 2023, and December 31, 2022,
		(iv) the Condensed Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2023, and December 31, 2022, and
		(v) Related Notes to the Condensed Consolidated Financial Statements
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, NovAccess has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NovAccess Global Inc.

Date: February 27, 2024	/s/ Dwain K. Irvin
	By Dwain K. Irvin, Chief Executive Officer
	(Principal Executive Officer)

Date: February 27, 2024	/s/ Neil J. Laird
	Neil J. Laird, Chief Financial Officer
	(Principal Financial and Accounting Officer)

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Exhibit 31.1

OFFICER’S CERTIFICATE

PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Dwain Irvin, certify that:

1. I have reviewed this quarterly report on Form 10-Q of NovAccess Global Inc. for the period ending December 31, 2023;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer (s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 27, 2024

/s/ Dwain Irvin, PhD, MPH

Name: Dwain Irvin

Title: Chief Executive Officer

Exhibit 31.2

OFFICER’S CERTIFICATE

PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

I, Neil J. Laird, certify that:

1. I have reviewed this quarterly report on Form 10-Q of NovAccess Global Inc. for the period ending December 31, 2023;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 27, 2024

/s/ Neil J. Laird

Name: Neil J. Laird

Title: Chief Financial Officer

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the filing of the Quarterly Report of NovAccess Global Inc. (the “Company”) on Form 10-Q for the period ending December 31, 2023 (the “Report”) with the Securities and Exchange Commission, I, Dwain Morris-Irvin, Chief Executive Officer of the Company, and I, Neil J. Laird, Chief Financial Officer of the Company, certify pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and the information contained in the Report fairly presents, in all material respects, the financial condition and the results of operations of the Company for such period.

Date: February 27, 2024

/s/ Dwain Irvin, PhD, MPH

Name: Dwain Irvin

Title: Chief Executive Officer

Date: February 27, 2024

/s/ Neil J. Laird

Name: Neil J. Laird

Title: Chief Financial Officer

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Dec. 31, 2023	Feb. 14, 2024
Document Information Line Items
Entity Registrant Name	NovAccess Global Inc.
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		27,673,572
Amendment Flag	false
Entity Central Index Key	0001039466
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-29621
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	84-1384159
Entity Address, Address Line One	8584 E. Washington Street #127
Entity Address, City or Town	Chagrin Falls
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44023
City Area Code	213
Local Phone Number	642-9268
Title of 12(b) Security	None
Entity Interactive Data Current	Yes
No Trading Symbol Flag	true

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Sep. 30, 2023
CURRENT ASSETS
Cash	$ 1,505	$ 21,415
Prepaid expenses	15,833	40,833
TOTAL ASSETS	17,338	62,248
CURRENT LIABILITIES
Accounts payable	590,528	514,686
Accrued expenses and other current liabilities	2,361,441	1,982,567
Derivative and warrants liabilities	1,126,001	2,982,382
Due to related parties	181,217	181,217
Short term loan, related party	32,000	21,000
Convertible promissory notes, net of debt discount and debt issuance costs of $3,553 and $0 respectively. Some are in default (see Note 12)	2,142,827	2,166,380
Convertible promissory note related party, net of debt discount and debt issuance cost of $0 and $0, respectively	12,500	12,500
Total Current Liabilities	6,446,514	7,860,732
TOTAL LIABILITIES	6,446,514	7,860,732
Preferred stock 50,000,000 shares authorized, shares issued and outstanding designated as follows:
Preferred Stock Series B, $0.01 par value, 25,000 authorized 25,000 and 25,000 shares issued and outstanding, respectively	6	6
Common stock, no par value; 2,000,000,000 authorized common shares 23,955,540 and 21,744,209 shares issued and outstanding, respectively	43,717,268	43,683,197
Additional paid in capital	5,338,042	5,335,398
Paid in capital, common stock option and warrants	5,367,273	5,338,273
Paid in capital, preferred stock	4,747,108	4,747,108
Accumulated deficit	(65,598,873)	(66,902,466)
TOTAL SHAREHOLDERS' DEFICIT	(6,429,176)	(7,798,484)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$ 17,338	$ 62,248

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Dec. 31, 2023	Sep. 30, 2023
Convertible promissory notes, debt discount and debt issuance costs (in Dollars)	$ 3,553	$ 0
Convertible promissory note related party, debt discount and debt issuance cost (in Dollars)	$ 0	$ 0
Preferred stock, par (in Dollars per share)	$ 0.01
Preferred stock, shares authorized	50,000,000
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	23,955,540	21,744,209
Common stock, shares outstanding	23,955,540	21,744,209
Common stock, no par value (in Dollars per share)	$ 0	$ 0
Series B Preferred Stock [Member]
Preferred stock, shares issued	600	600
Preferred stock, par (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000	25,000
Preferred Stock, shares outstanding	600	600

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
SALES	$ 0	$ 0
COST OF GOODS SOLD	0	0
GROSS PROFIT	0	0
OPERATING EXPENSES
Research and development expenses	49,697	34,963
Selling, general and administrative expenses	207,849	482,155
TOTAL OPERATING EXPENSES	257,546	517,118
LOSS FROM OPERATIONS BEFORE OTHER INCOME/(EXPENSES)	(257,546)	(517,118)
OTHER INCOME/(EXPENSES)
Gain/(Loss) on change in derivative liability	1,858,953	(2,081,584)
Change in commitment fee guarantee	(226,000)	267,750
Interest expense	(71,814)	(300,454)
TOTAL OTHER INCOME/(EXPENSES)	1,561,139	(2,114,288)
NET INCOME (LOSS)	$ 1,303,593	$ (2,631,406)
BASIC EARNINGS (LOSS) PER SHARE (in Dollars per share)	$ 0.06	$ (0.14)
DILUTED EARNINGS (LOSS) PER SHARE (in Dollars per share)	$ 0.01	$ (0.14)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
BASIC (in Shares)	23,372,404	18,979,871
DILUTED (in Shares)	95,937,820	18,979,871

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Series B Preferred Stock [Member] Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid in Capital Stock Options / Warrants [Member]	Additional Paid in Capital Preferred Stock [Member]	Retained Earnings [Member]	Total
Balance at Sep. 30, 2022	$ 6	$ 43,225,982	$ 5,340,398	$ 4,210,960	$ 4,747,108	$ (62,177,520)	$ (4,653,066)
Balance (in Shares) at Sep. 30, 2022	600	18,669,507
Common Stock issued for services		$ 223,170					223,170
Common Stock issued for services (in Shares)		1,281,769
Common Stock issued, subscriptions		$ 40,000	(5,000)				$ 35,000
Common Stock issued, subscriptions (in Shares)		375,000					25,000
Net income (loss)						(2,631,406)	$ (2,631,406)
Balance at Dec. 31, 2022	$ 6	$ 43,489,152	5,535,398	4,210,960	4,747,108	(64,808,926)	(7,026,302)
Balance (in Shares) at Dec. 31, 2022	600	20,326,276
Balance at Sep. 30, 2023	$ 6	$ 43,683,197	5,335,398	5,338,273	4,747,108	(66,902,466)	(7,798,484)
Balance (in Shares) at Sep. 30, 2023	600	21,744,209
Common Stock issued for services		$ 4,071					4,071
Common Stock issued for services (in Shares)		208,752
Common stock issued as repayment of loans		$ 30,000					30,000
Common stock issued as repayment of loans (in Shares)		2,002,579
Imputed interest on related party loan			2,644				2,644
Warrant expense on loan extension				29,000			29,000
Net income (loss)						1,303,593	1,303,593
Balance at Dec. 31, 2023	$ 6	$ 43,717,268	$ 5,338,042	$ 5,367,273	$ 4,747,108	$ (65,598,873)	$ (6,429,176)
Balance (in Shares) at Dec. 31, 2023	600	23,955,540

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 1,303,593	$ (2,631,406)
Adjustment to reconcile net income (loss) to net cash used in operating activities
Amortization of debt discount	19	249,862
Loss (Gain) on change in derivative liability	(1,858,953)	2,081,584
Warrant expense on loan extension	29,000	0
Imputed interest on related party loan	2,644	0
Stock issued and issuable for services	4,071	223,170
Changes in Assets and Liabilities:
Prepaid Expenses & Advances	25,000	41,050
Accounts payable	75,842	67,723
Accrued expenses and Other Current Liabilities	378,874	(191,290)
NET CASH USED IN OPERATING ACTIVITIES	(39,910)	(159,307)
CASH FLOWS FROM FINANCING ACTIVITIES:
Stock subscriptions received	0	35,000
Proceeds from short term loan related party	11,000	0
Proceeds from convertible notes payable	9,000	101,500
Payments to related party for redemption of preferred stock	0	(2,500)
NET CASH PROVIDED BY FINANCING ACTIVITIES	20,000	134,000
NET DECREASE IN CASH	(19,910)	(25,307)
CASH, BEGINNING OF PERIOD	21,415	64,251
CASH, END OF PERIOD	1,505	38,944
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	0	25,916
Taxes paid	0	0
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Common stock issued on conversion of convertible note	$ 30,000	$ 0

ORGANIZATION AND LINE OF BUSINESS

3 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. ORGANIZATION AND LINE OF BUSINESS

Organization

Line of Business

Going Concern

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents include cash in banks and money markets with an original maturity of three months or less.

Stock-Based Compensation

Net Earnings (Loss) per Share Calculations

	For the three months ended
	December 31,
	2023		2022

Gain (Loss) to common shareholders (Numerator)	$	1,303,593	$	(2,631,406	)

Basic weighted average number of common shares outstanding (Denominator)		23,372,404		18,979,871

Diluted weighted average number of common shares outstanding		95,937,820		18,979,871

Diluted weighted average number of shares for the fiscal quarter ended December 31, 2022, is the same as basic weighted average number of shares because the Company had a net loss in that quarter.

Fair Value of Financial Instruments

●

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

●

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-	$	728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of December 31, 2023	$	985,012	$	-	$	-	$	985,012
Derivative Liability warrants at fair value as of December 31, 2023		140,989		-		-		140,989
Total Derivative Liability as of December 31, 2023	$	1,126,001	$	-	$	-	$	1,126,001

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		802,495			163,629			966,124
Extinguishment of derivative		(237,465	)		-			(237,465	)
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loan		2,572			-			2,572
Net gain on change in fair value of derivative liability		(1,270,951	)		(588,002	)		(1,858,953	)
Ending balance as of December 31, 2023	$	985,012		$	140,989		$	1,126,001

Recent Accounting Pronouncements

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted would have a material effect on the accompanying financial statements.

CAPITAL STOCK

3 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Equity [Text Block]

3. CAPITAL STOCK

As of December 31, 2023, the Company’s authorized stock consisted of 2,000,000,000 shares of common stock, with no par value.

Preferred Stock

Common Stock

CONVERTIBLE PROMISSORY NOTES

3 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

4. CONVERTIBLE PROMISSORY NOTES

Convertible Promissory notes as on December 31, 2023	Principal Amount		Unamortized balance of Debt Discount		Outstanding balance as on December 31, 2023		Derivative balance as on December 31, 2023

2013 Note	$	12,000	$	-	$	12,000	$	-
2014 Note		50,880		-		50,880		97,490
2017 Note		115,000		-		115,000		205,680
February 2022 Note		250,000		-		250,000		70,734
May 2022 Note		1,000,000		-		1,000,000		295,795
August 2022 Note		100,000		-		100,000		-
February 2023 Note		265,000		-		265,000		74,220
Apr 11, 2023 Note		49,250		-		49,250		37,432
Apr 24, 2023 Note		54,250		-		54,250		40,260
June 20, 2023 Note		75,000		-		75,000		20,818
June 26, 2023 Note		55,000		-		55,000		41,715
August 16, 2023 Note		55,000		-		55,000		49,167
August 17, 2023 Note		55,000		-		55,000		49,129
December 29, 2023 Note		10,000		3,553		6,447		2,572
Total	$	2,146,380	$	3,553	$	2,142,827	$	985,012

2013 Note

2014 Note

2017 Note

August 2021 Note

February 2022 Note

May 2022 Note

On February 9, 2023, the Company entered into a letter agreement in connection with the May 2022 Note deferring all interest payments from January 1, 2023, until May 9, 2023.

August 2022 Note

September 2022 Note

November 2022 Note

December 2022 Note

February 2023 Letter Agreement

April 11, 2023, Note

April 24, 2023, Note

June 19, 2023, Letter Agreement

June 20, 2023, Note

August 16, 2023, Note

August 17, 2023, Note

December 29, 2023, Letter Agreement

As part of this agreement, the Company agreed to extend the life on each of the warrants previously issued to the holder by two years.

We record the full value of the derivative as a liability at issuance with an offset to valuation discount, which will be amortized over the life of the notes.

Risk free interest rate		Between 4.9% and 5.6%
Stock volatility factor		Between 77% and 115%
Years to Maturity		Between 4 months and 9 months
Expected dividend yield		None

CONVERTIBLE PROMISSORY NOTES, RELATED PARTY

3 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt [Text Block]

5. CONVERTIBLE PROMISSORY NOTES, RELATED PARTY

July 2022 Note, related party

SHORT TERM LOANS, RELATED PARTIES

3 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Short-Term Debt [Text Block]

6. SHORT TERM LOANS, RELATED PARTIES

Imputed interest of $2,644 on the related party loans of Mr. Anderson was charged to interest expense and credited to additional paid-in capital.

Mr. Anderson has agreed to various extensions on these loans, the most recent being on January 31, 2024 extending the due date until February 29, 2024.

WARRANTS

3 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Shareholders' Equity and Share-Based Payments [Text Block]

7. WARRANTS

The Company valued the impact of the two year extension of the term on all of the above warrants using the Black-Scholes model and recorded an expense of $29,000.

On December 31, 2023, the fair value of the derivative liability of the warrants was $140,989 and was $728,991 as of September 30, 2023.

Risk free interest rate		Between 3.8% and 4.0%
Stock volatility factor		Between 144% and 152%
Years to Maturity		6.0 years
Expected dividend yield		None

OPTIONS

3 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement [Text Block]

8. OPTIONS

Risk Free Interest Rate		0.32%
Stock Volatility Factor		146.0%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

Risk Free Interest Rate		3.68%
Stock Volatility Factor		146.79%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

A summary of the Company’s options activity and related information follows for the quarter ended December 31, 2023:

	December 31, 2023
			Weighted
	Number		average
	Of		exercise
	Options		price
Outstanding - beginning of period		5,542,857	$	0.115
Granted		-		-
Exercised		-		-
Forfeited		-		-
Outstanding - end of period		5,542,857	$	0.115

At December 31, 2023, the weighted average remaining contractual life of options outstanding:

		December 31, 2023
						Weighted
						Average
						Remaining
Exercisable		Options		Options		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	0.01		2,000,000		2,000,000		6.75
$	0.175		3,542,857		3,542,857		9.20

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

3 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

9. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and accrued other current liabilities consisted of the following at December 31, 2023, and September 30, 2023:

	December 31, 2023		September 30, 2023
Accrued liabilities	$	19,194	$	11,154
Interest payable		349,231		289,101
Provision for guaranteed commitment fees (1)		1,268,500		1,042,500
Accrued payroll		54,320		3,875
Deferred compensation		629,794		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		-		23,772
	$	2,361,441	$	1,982,567

DUE TO RELATED PARTIES

3 Months Ended

Dec. 31, 2023

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities [Table Text Block]

10. DUE TO RELATED PARTIES

Due to Innovest Global

Due to TN3 LLC

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

11. COMMITMENTS AND CONTINGENCIES

SUBSEQUENT EVENTS

3 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Subsequent Events [Text Block]

12. SUBSEQUENT EVENTS

Sumner Global Investment

As of the date of this report, the agreement has not been completed but based on assurances from Sumner is expected to close shortly.

Issuance of Common Shares

Loan Agreements

On February 8, 2024, the Company borrowed a further $19,444 under the December 29, 2023, letter agreement.

Bridge Loans

Default Notice

Extension of Due Dates on Loans

Accounting Policies, by Policy (Policies)

3 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents include cash in banks and money markets with an original maturity of three months or less.

Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

Earnings Per Share, Policy [Policy Text Block]

Net Earnings (Loss) per Share Calculations

	For the three months ended
	December 31,
	2023		2022

Gain (Loss) to common shareholders (Numerator)	$	1,303,593	$	(2,631,406	)

Basic weighted average number of common shares outstanding (Denominator)		23,372,404		18,979,871

Diluted weighted average number of common shares outstanding		95,937,820		18,979,871

Diluted weighted average number of shares for the fiscal quarter ended December 31, 2022, is the same as basic weighted average number of shares because the Company had a net loss in that quarter.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

●

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

●

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-	$	728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of December 31, 2023	$	985,012	$	-	$	-	$	985,012
Derivative Liability warrants at fair value as of December 31, 2023		140,989		-		-		140,989
Total Derivative Liability as of December 31, 2023	$	1,126,001	$	-	$	-	$	1,126,001

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		802,495			163,629			966,124
Extinguishment of derivative		(237,465	)		-			(237,465	)
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loan		2,572			-			2,572
Net gain on change in fair value of derivative liability		(1,270,951	)		(588,002	)		(1,858,953	)
Ending balance as of December 31, 2023	$	985,012		$	140,989		$	1,126,001

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted would have a material effect on the accompanying financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the three months ended
	December 31,
	2023		2022

Gain (Loss) to common shareholders (Numerator)	$	1,303,593	$	(2,631,406	)

Basic weighted average number of common shares outstanding (Denominator)		23,372,404		18,979,871

Diluted weighted average number of common shares outstanding		95,937,820		18,979,871

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The Company had liabilities that are required to be measured at fair value on a recurring basis as follows as of December 31, 2023, and September 30, 2023:

	Total		(Level 1)		(Level 2)		(Level 3)

Assets:	$	-	$	-	$	-	$	-

Liabilities:

Derivative Liability at fair value as of September 30, 2023	$	2,253,391	$	-	$	-	$	2,253,391
Derivative Liability warrants at fair value as of September 30, 2023		728,991		-		-	$	728,991
Total Derivative Liability as of September 30, 2023	$	2,982,382	$	-	$	-	$	2,982,382
Derivative Liability at fair value as of December 31, 2023	$	985,012	$	-	$	-	$	985,012
Derivative Liability warrants at fair value as of December 31, 2023		140,989		-		-		140,989
Total Derivative Liability as of December 31, 2023	$	1,126,001	$	-	$	-	$	1,126,001

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following is a reconciliation of the derivative liability for which Level 3 inputs were used in determining the approximate fair value:

	Derivative Liability Promissory Notes			Derivative Liability Warrants			Total Derivative Liability
Balance as of September 30, 2022	$	1,207,403		$	232,609		$	1,440,012
Fiscal year 2023 initial derivative liabilities		480,958			332,753			813,711
Net loss on change in fair value of derivative liability		802,495			163,629			966,124
Extinguishment of derivative		(237,465	)		-			(237,465	)
Ending balance as of September 30, 2023	$	2,253,391		$	728,991		$	2,982,382
Initial recognition of new loan		2,572			-			2,572
Net gain on change in fair value of derivative liability		(1,270,951	)		(588,002	)		(1,858,953	)
Ending balance as of December 31, 2023	$	985,012		$	140,989		$	1,126,001

CONVERTIBLE PROMISSORY NOTES (Tables)

3 Months Ended

Dec. 31, 2023

CONVERTIBLE PROMISSORY NOTES (Tables) [Line Items]

Schedule of Debt [Table Text Block]

Convertible Promissory notes as on December 31, 2023	Principal Amount		Unamortized balance of Debt Discount		Outstanding balance as on December 31, 2023		Derivative balance as on December 31, 2023

2013 Note	$	12,000	$	-	$	12,000	$	-
2014 Note		50,880		-		50,880		97,490
2017 Note		115,000		-		115,000		205,680
February 2022 Note		250,000		-		250,000		70,734
May 2022 Note		1,000,000		-		1,000,000		295,795
August 2022 Note		100,000		-		100,000		-
February 2023 Note		265,000		-		265,000		74,220
Apr 11, 2023 Note		49,250		-		49,250		37,432
Apr 24, 2023 Note		54,250		-		54,250		40,260
June 20, 2023 Note		75,000		-		75,000		20,818
June 26, 2023 Note		55,000		-		55,000		41,715
August 16, 2023 Note		55,000		-		55,000		49,167
August 17, 2023 Note		55,000		-		55,000		49,129
December 29, 2023 Note		10,000		3,553		6,447		2,572
Total	$	2,146,380	$	3,553	$	2,142,827	$	985,012

Convertible Debt [Member]

CONVERTIBLE PROMISSORY NOTES (Tables) [Line Items]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Risk free interest rate		Between 4.9% and 5.6%
Stock volatility factor		Between 77% and 115%
Years to Maturity		Between 4 months and 9 months
Expected dividend yield		None

WARRANTS (Tables)

3 Months Ended

Dec. 31, 2023

Warrant [Member]

WARRANTS (Tables) [Line Items]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Risk free interest rate		Between 3.8% and 4.0%
Stock volatility factor		Between 144% and 152%
Years to Maturity		6.0 years
Expected dividend yield		None

OPTIONS (Tables)

3 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Risk Free Interest Rate		0.32%
Stock Volatility Factor		146.0%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

Risk Free Interest Rate		3.68%
Stock Volatility Factor		146.79%
Weighted Average Expected Option Life		5 Years
Expected Dividend Yield		None

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

A summary of the Company’s options activity and related information follows for the quarter ended December 31, 2023:

	December 31, 2023
			Weighted
	Number		average
	Of		exercise
	Options		price
Outstanding - beginning of period		5,542,857	$	0.115
Granted		-		-
Exercised		-		-
Forfeited		-		-
Outstanding - end of period		5,542,857	$	0.115

Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

At December 31, 2023, the weighted average remaining contractual life of options outstanding:

		December 31, 2023
						Weighted
						Average
						Remaining
Exercisable		Options		Options		Contractual
Prices		Outstanding		Exercisable		Life (years)
$	0.01		2,000,000		2,000,000		6.75
$	0.175		3,542,857		3,542,857		9.20

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

3 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Accrued expenses and accrued other current liabilities consisted of the following at December 31, 2023, and September 30, 2023:

	December 31, 2023		September 30, 2023
Accrued liabilities	$	19,194	$	11,154
Interest payable		349,231		289,101
Provision for guaranteed commitment fees (1)		1,268,500		1,042,500
Accrued payroll		54,320		3,875
Deferred compensation		629,794		571,763
License Fees Payable		40,402		40,402
Insurance finance liability		-		23,772
	$	2,361,441	$	1,982,567

ORGANIZATION AND LINE OF BUSINESS (Details)	Aug. 25, 2020
Accounting Policies [Abstract]
Stockholders' Equity, Reverse Stock Split	1-for-1,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($)	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Earnings Per Share Basic And Diluted Abstract
Gain (Loss) to common shareholders (Numerator) (in Dollars)	$ 1,303,593	$ (2,631,406)
Basic weighted average number of common shares outstanding (Denominator)	23,372,404	18,979,871
Diluted weighted average number of common shares outstanding (Denominator)	95,937,820	18,979,871

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($)	Dec. 31, 2023	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	$ 0
Derivative Liability at fair value	985,012	$ 2,253,391
Derivative Liability warrants at fair value	140,989	728,991
Total Derivative Liability	1,126,001	2,982,382
Fair Value, Inputs, Level 1 [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	0
Derivative Liability at fair value	0	0
Derivative Liability warrants at fair value	0	0
Total Derivative Liability	0	0
Fair Value, Inputs, Level 2 [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	0
Derivative Liability at fair value	0	0
Derivative Liability warrants at fair value	0	0
Total Derivative Liability	0	0
Fair Value, Inputs, Level 3 [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets:	0
Derivative Liability at fair value	985,012	2,253,391
Derivative Liability warrants at fair value	140,989	728,991
Total Derivative Liability	$ 1,126,001	$ 2,982,382

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	$ 2,982,382	$ 1,440,012
Initial derivative liabilities	2,572	813,711
Net gain/loss on change in fair value of derivative liability	(1,858,953)	966,124
Extinguishment of derivative		(237,465)
Balance	1,126,001	2,982,382
Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	2,253,391	1,207,403
Initial derivative liabilities	2,572	480,958
Net gain/loss on change in fair value of derivative liability	(1,270,951)	802,495
Extinguishment of derivative		(237,465)
Balance	985,012	2,253,391
Fair Value, Inputs, Level 3 [Member] \| Embedded Derivative Financial Instruments [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	728,991	232,609
Initial derivative liabilities	0	332,753
Net gain/loss on change in fair value of derivative liability	(588,002)	163,629
Extinguishment of derivative		0
Balance	$ 140,989	$ 728,991

CAPITAL STOCK (Details) - USD ($)				3 Months Ended
CAPITAL STOCK (Details) - USD ($)	Apr. 11, 2023	Mar. 14, 2022	Sep. 04, 2020	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023
CAPITAL STOCK (Details) [Line Items]
Common Stock, Shares Authorized				2,000,000,000		2,000,000,000
Preferred Stock, Shares Authorized				50,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)				$ 0.01
Stock Issued During Period, Shares, Other				2,825,000
Stock Issued During Period, Shares, Period Increase (Decrease)				2,211,331	1,281,769
Stock Issued During Period, Value, Issued for Services (in Dollars)				$ 4,071	$ 223,170
Debt Conversion, Converted Instrument, Shares Issued	2,002,579
Debt Conversion, Original Debt, Amount (in Dollars)	$ 30,000			$ 30,000	$ 0
Stock Issued During Period, Shares, New Issues					25,000
Stock Subscriptions [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Other					375,000
Series B Preferred Stock [Member]
CAPITAL STOCK (Details) [Line Items]
Preferred Stock, Shares Authorized				25,000		25,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)				$ 0.01		$ 0.01
Preferred Stock, Shares Outstanding				600		600
Preferred Stock, Voting Rights			Each share of outstanding Series B Preferred Stock entitles the holder to cast 40,000 votes.
Preferred Stock, Conversion Basis			Each share of Series B Preferred Stock is convertible at the option of the holder into 10,000 common shares
TN3, LLC [Member] \| Series B Preferred Stock [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Redeemed or Called During Period, Shares		24,400
TN3, LLC [Member] \| Series B Preferred Stock [Member] \| Irvin Consulting, LLC ("IC") [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Other		600
Vendors [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services				208,752	798,769
Related Party [Member]
CAPITAL STOCK (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services				108,750	108,750
Stock Issued During Period, Value, Issued for Services (in Dollars)				$ 2,121

CONVERTIBLE PROMISSORY NOTES (Details) - USD ($)																										2 Months Ended		3 Months Ended		19 Months Ended
CONVERTIBLE PROMISSORY NOTES (Details) - USD ($)	Jan. 31, 2024	Dec. 29, 2023	Aug. 17, 2023	Aug. 16, 2023	Aug. 09, 2023	Aug. 09, 2023	Jun. 20, 2023	Jun. 19, 2023	Jun. 13, 2023	Apr. 24, 2023	Apr. 11, 2023	Mar. 12, 2023	Feb. 09, 2023	Dec. 07, 2022	Nov. 01, 2022	Sep. 22, 2022	Aug. 08, 2022	Jul. 28, 2022	May 10, 2022	May 05, 2022	Feb. 16, 2022	Feb. 15, 2022	Aug. 20, 2021	May 10, 2017	Nov. 20, 2014	Feb. 26, 2024	Sep. 18, 2017	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2016	Feb. 15, 2024	Feb. 08, 2024	Sep. 30, 2023	Feb. 03, 2023	Oct. 01, 2013
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																												$ 2,146,380
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																															$ 0.11
Convertible Debt																												2,142,827
Interest Payable																												349,231					$ 289,101
Proceeds from Convertible Debt																												$ 9,000	$ 101,500
Class of Warrant or Rights, Granted (in Shares)						2,000,000		750,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)					$ 0.2	$ 0.2		$ 0.0001
Stock Issued During Period, Shares, Other (in Shares)																												2,825,000
Debt Instrument, Unamortized Discount																												$ 3,553
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net																												3,553					0
Debt Instrument, Maturity Date																		Oct. 31, 2022
Debt Conversion, Original Debt, Amount											$ 30,000																	30,000	$ 0
Debt Conversion, Converted Instrument, Shares Issued (in Shares)											2,002,579
2013 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																												12,000							$ 12,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																																			$ 4.5
Debt Instrument, Fee Amount																																			$ 1,200
Convertible Debt																												12,000
Interest Payable																												1,200
Debt Instrument, Unamortized Discount																												0
2014 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																									$ 400,000			50,880
Convertible Debt																												50,880
Interest Payable																												37,985
Debt Instrument, Interest Rate, Stated Percentage																									10.00%
Debt Instrument, Term																									18 months
Debt Instrument, Convertible, Terms of Conversion Feature																									The 2014 Note may be converted by the lender into shares of common stock of the Company at the lesser of $12.50 per share or (b) fifty percent (50%) of the lowest traded prices following issuance of the 2014 Note or (c) the lowest effective price per share granted to any person or entity
Proceeds from Convertible Debt																														$ 350,000
Debt Instrument, Unamortized Discount																												0
Convertible Note Payable Two [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Proceeds from Convertible Debt																									$ 50,000
2017 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																								$ 150,000				115,000
Convertible Debt																												115,000
Interest Payable																												72,486
Debt Instrument, Interest Rate, Stated Percentage																								10.00%
Debt Instrument, Convertible, Terms of Conversion Feature																											The 2017 Note may be converted by the lender into shares of common stock of the Company at the lesser of $10 per share or (b) fifty percent (50%) of the lowest traded price of common stock recorded on any trade day after the effective date, or (c) the lowest effective price per share granted to any person or entity
Proceeds from Convertible Debt																								$ 25,000			$ 90,000
Debt Instrument, Unamortized Discount																												0
August Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																							$ 500,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																																		$ 0.2
Convertible Debt																												0
Debt Instrument, Interest Rate, Stated Percentage																							10.00%
Debt Instrument, Convertible, Terms of Conversion Feature																							The August 2021 Note could be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of 90% (representing a 10% discount) multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period.
Class of Warrant or Rights, Granted (in Shares)																							1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)													$ 0.2										$ 1.5
Stock Issued During Period, Shares, Other (in Shares)																							400,000
February Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																						$ 250,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)													0.2
Convertible Debt																												250,000
Interest Payable																												25,000
Debt Instrument, Interest Rate, Stated Percentage																						10.00%
Debt Instrument, Convertible, Terms of Conversion Feature																						The February 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period
Class of Warrant or Rights, Granted (in Shares)																					500,000	500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)													$ 0.2								$ 1.5	$ 1.5
Stock Issued During Period, Shares, Other (in Shares)																						300,000
Debt Instrument, Unamortized Discount																						$ 25,000						0
Unamortized Debt Issuance Expense																						12,000
Stock Issued During Period, Value, Other																						$ 111,000
Debt Instrument, Maturity Date													May 09, 2023
May 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																				$ 1,000,000								1,000,000
Convertible Debt																												1,000,000
Interest Payable																												150,000
Debt Instrument, Interest Rate, Stated Percentage																				12.00%
Debt Instrument, Convertible, Terms of Conversion Feature																				The May 2022 Note may be converted, only following an event of default, by the lender into shares of common stock of the Company at the lesser of the lowest trading price during the previous twenty (20) trading day period ending on the issuance date, or during the previous twenty (20) trading day period before conversion
Class of Warrant or Rights, Granted (in Shares)																			1,000,000	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)																			$ 0.01	$ 0.01
Stock Issued During Period, Shares, Other (in Shares)																				875,000
Debt Instrument, Unamortized Discount																				$ 100,000								0
Unamortized Debt Issuance Expense																				25,500
Stock Issued During Period, Value, Other																				$ 259,875
Debt Instrument, Description																				If extended, the interest rate increased to 15% for the remaining six months
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																				$ 412,065
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net																				$ 282,051
August 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																	$ 100,000											100,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																	$ 0.15
Convertible Debt																												100,000
Interest Payable																												18,160
Debt Instrument, Interest Rate, Stated Percentage					14.00%	14.00%											12.00%
Debt Instrument, Unamortized Discount																												0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																	$ 77,259
Debt Instrument, Unamortized Discount, Noncurrent																												0
Debt Instrument, Maturity Date					Nov. 08, 2023
September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount																$ 79,250
Debt Instrument, Fee Amount												$ 20,594
Convertible Debt																												0
Debt Instrument, Interest Rate, Stated Percentage																8.00%
Debt Instrument, Convertible, Terms of Conversion Feature																The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances																$ 75,000
Debt Instrument, Unamortized Discount, Noncurrent																$ 4,250
Repayments of Debt												$ 3,127
September 2022 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage																22.00%
September 2022 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																15.00%
September 2022 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage																25.00%
September 2022 Note [Member] \| September 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Maturity Date																Sep. 22, 2023
November 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount															$ 55,000
Debt Instrument, Fee Amount										$ 14,277
Convertible Debt																												0
Debt Instrument, Interest Rate, Stated Percentage															8.00%
Debt Instrument, Convertible, Terms of Conversion Feature															The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances															$ 50,750
Debt Instrument, Unamortized Discount, Noncurrent															$ 4,250
Debt Instrument, Maturity Date															Nov. 01, 2023
Repayments of Debt										2,109
November 2022 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage															22.00%
November 2022 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage															15.00%
November 2022 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage															25.00%
December 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount														$ 55,000
Debt Instrument, Fee Amount							$ 11,315
Convertible Debt																												0
Debt Instrument, Interest Rate, Stated Percentage														8.00%
Debt Instrument, Convertible, Terms of Conversion Feature														The holder had the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the Common Stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances														$ 50,750
Debt Instrument, Unamortized Discount, Noncurrent														$ 4,250
Debt Instrument, Maturity Date														Dec. 07, 2023
Repayments of Debt							2,260
Debt Conversion, Original Debt, Amount									$ 12,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)									141,677
December 2022 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage														22.00%
December 2022 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage														15.00%
December 2022 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage														25.00%
February 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount													$ 265,000															265,000
Convertible Debt																												265,000
Interest Payable																												23,556
Debt Instrument, Interest Rate, Stated Percentage													10.00%
Class of Warrant or Rights, Granted (in Shares)													1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)													$ 0.2
Stock Issued During Period, Shares, Other (in Shares)													500,000
Debt Instrument, Unamortized Discount																												0
Stock Issued During Period, Value, Other													$ 82,500
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances													110,576
Debt Instrument, Unamortized Discount, Noncurrent													$ 26,500
Debt Instrument, Maturity Date													May 09, 2023
Debt, Discount Rate													10.00%
April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount											$ 79,250																	49,250
Convertible Debt																												49,250
Interest Payable																												4,263
Debt Instrument, Interest Rate, Stated Percentage											8.00%
Debt Instrument, Convertible, Terms of Conversion Feature											The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Unamortized Discount																												0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances											$ 75,000
Debt Instrument, Unamortized Discount, Noncurrent											$ 4,250
Debt Conversion, Original Debt, Amount																												$ 30,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)																												2,002,579
April 11, 2023 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage											22.00%
April 11, 2023 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage											15.00%
April 11, 2023 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage											25.00%
April 24, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount										$ 54,250																		$ 54,250
Convertible Debt																												54,250
Interest Payable																												2,937
Debt Instrument, Interest Rate, Stated Percentage										8.00%
Debt Instrument, Convertible, Terms of Conversion Feature										The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Unamortized Discount																												0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances										$ 50,000
Debt Instrument, Unamortized Discount, Noncurrent																																	$ 4,250
April 24, 2023 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage										22.00%
April 24, 2023 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage										15.00%
April 24, 2023 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage										25.00%
June 19, 2023 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount								$ 75,000
Convertible Debt																												75,000
Interest Payable																												5,938
Debt Instrument, Interest Rate, Stated Percentage								15.00%
Class of Warrant or Rights, Granted (in Shares)								750,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)								$ 0.0001
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances								$ 75,000
Debt Instrument, Maturity Date								Jul. 16, 2023
June 20, 2023 Note1 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount							$ 55,000
Convertible Debt																												55,000
Interest Payable																												2,278
Debt Instrument, Interest Rate, Stated Percentage							8.00%
Debt Instrument, Convertible, Terms of Conversion Feature							The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances							$ 17,937
Debt Instrument, Unamortized Discount, Noncurrent							$ 4,250
June 20, 2023 Note1 [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							22.00%
June 20, 2023 Note1 [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage							15.00%
June 20, 2023 Note1 [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage							25.00%
August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount				$ 55,000																								55,000
Convertible Debt																												55,000
Interest Payable																												1,652
Debt Instrument, Interest Rate, Stated Percentage				8.00%
Debt Instrument, Convertible, Terms of Conversion Feature				The holder has the right, after six months, until the date of payment in full of all amounts outstanding to convert unpaid principal and interest and any other amounts into fully paid shares of common stock of the Company at a variable conversion price equal to 65% multiplied by the market price. Market price means the average of the three lowest trading prices for the common stock during the fifteen-trading day period ending on the latest complete trading day prior to the conversion date.
Debt Instrument, Unamortized Discount																												0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances				$ 52,800
Debt Instrument, Unamortized Discount, Noncurrent				$ 2,200
August 16, 2023 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				22.00%
August 16, 2023 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage				15.00%
August 16, 2023 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage				25.00%
August 17, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount			$ 55,000																									55,000
Convertible Debt																												55,000
Interest Payable																												1,639
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Debt Instrument, Unamortized Discount																												$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances			$ 50,000
Debt Instrument, Unamortized Discount, Noncurrent			$ 5,000
August 17, 2023 Note [Member] \| Measurement Input, Default Rate [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			22.00%
August 17, 2023 Note [Member] \| Minimum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage			15.00%
August 17, 2023 Note [Member] \| Maximum [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Prepayment Penalty, Percentage			25.00%
December 29, 2023 [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Face Amount		$ 29,444
Convertible Debt		$ 10,000																														$ 19,444
Debt Instrument, Interest Rate, Stated Percentage		10.00%
Debt Instrument, Unamortized Discount		$ 3,553
Debt, Discount Rate		10.00%
Subsequent Event [Member] \| August 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Maturity Date	Feb. 29, 2024
Subsequent Event [Member] \| April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Conversion, Original Debt, Amount																										$ 42,500
Debt Conversion, Converted Instrument, Shares Issued (in Shares)																										3,718,032
August 2022 Note [Member] \| Subsequent Event [Member]
CONVERTIBLE PROMISSORY NOTES (Details) [Line Items]
Debt Instrument, Fee Amount	$ 5,000

CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt - USD ($)	Dec. 31, 2023	Sep. 30, 2023	Aug. 17, 2023	Aug. 16, 2023	Apr. 24, 2023	Apr. 11, 2023	Feb. 09, 2023	Aug. 08, 2022	May 05, 2022	May 10, 2017	Nov. 20, 2014	Oct. 01, 2013
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	$ 2,146,380
Unamortized balance of Debt Discount	3,553
Outstanding balance	2,142,827
Derivative balance	1,126,001	$ 2,982,382
Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	985,012
2013 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	12,000											$ 12,000
Unamortized balance of Debt Discount	0
Outstanding balance	12,000
2013 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	0
2014 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	50,880										$ 400,000
Unamortized balance of Debt Discount	0
Outstanding balance	50,880
2014 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	97,490
2017 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	115,000									$ 150,000
Unamortized balance of Debt Discount	0
Outstanding balance	115,000
2017 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	205,680
February 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	250,000
Unamortized balance of Debt Discount	0
Outstanding balance	250,000
February 2022 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	70,734
May 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	1,000,000								$ 1,000,000
Unamortized balance of Debt Discount	0								$ 100,000
Outstanding balance	1,000,000
May 2022 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	295,795
August 2022 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	100,000							$ 100,000
Unamortized balance of Debt Discount	0
Outstanding balance	100,000
August 2022 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	0
February 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	265,000						$ 265,000
Unamortized balance of Debt Discount	0
Outstanding balance	265,000
February 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	74,220
April 11, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	49,250					$ 79,250
Unamortized balance of Debt Discount	0
Outstanding balance	49,250
April 11, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	37,432
April 24, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	54,250				$ 54,250
Unamortized balance of Debt Discount	0
Outstanding balance	54,250
April 24, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	40,260
June 20, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	75,000
Unamortized balance of Debt Discount	0
Outstanding balance	75,000
June 20, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	20,818
June 26, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	55,000
Unamortized balance of Debt Discount	0
Outstanding balance	55,000
June 26, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	41,715
August 16, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	55,000			$ 55,000
Unamortized balance of Debt Discount	0
Outstanding balance	55,000
August 16, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	49,167
August 17, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	55,000		$ 55,000
Unamortized balance of Debt Discount	0
Outstanding balance	55,000
August 17, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	49,129
December 29, 2023 Note [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Principal Amount	10,000
Unamortized balance of Debt Discount	3,553
Outstanding balance	6,447
December 29, 2023 Note [Member] \| Embedded Derivative Financial Instruments [Member]
CONVERTIBLE PROMISSORY NOTES (Details) - Schedule of Debt [Line Items]
Derivative balance	$ 2,572

CONVERTIBLE PROMISSORY NOTES (Details) - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques - Embedded Derivative Financial Instruments [Member]	Dec. 31, 2023
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	0
Minimum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	4.9
Minimum [Member] \| Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	77
Minimum [Member] \| Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	4
Maximum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	5.6
Maximum [Member] \| Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	115
Maximum [Member] \| Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value Measurement Input	9

CONVERTIBLE PROMISSORY NOTES, RELATED PARTY (Details) - July 2022 Note [Member] - USD ($)	Jul. 28, 2022	Dec. 31, 2023
CONVERTIBLE PROMISSORY NOTES, RELATED PARTY (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	12.00%
Debt Instrument, Face Amount	$ 12,500
Debt Instrument, Maturity Date, Description	the earlier of: (a) October 31, 2022, or (b) the receipt by the Company of debt or equity financing of $3.0 million
Debt Instrument, Convertible, Conversion Price (in Dollars per share)	$ 0.15
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances	$ 12,500
Debt Instrument, Unamortized Discount		$ 0
Notes Payable, Current		12,500
Interest Payable, Current		$ 2,134

SHORT TERM LOANS, RELATED PARTIES (Details) - USD ($)				3 Months Ended
SHORT TERM LOANS, RELATED PARTIES (Details) - USD ($)	Jan. 31, 2024	Feb. 09, 2023	Jul. 28, 2022	Dec. 31, 2023	Dec. 31, 2022	Jan. 26, 2024	Dec. 21, 2023	Sep. 30, 2023
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Debt Instrument, Face Amount				$ 2,146,380
Debt Instrument, Maturity Date, Description		the earlier of August 31, 2023, or our receipt of debt or equity financing of at least $3.0 million	The loan terms required repayment of all amounts outstanding under the loan on the earlier of: (a) October 31, 2022 or (b) the receipt by the Company of debt or equity financing of $3.0 million.
Debt Instrument, Maturity Date			Oct. 31, 2022
Proceeds from Short-Term Debt		$ 8,500		11,000	$ 0
Imputed Interest on Related Party Loan				2,644	$ 0
Short-Term Debt				$ 32,000				$ 21,000
Subsequent Event [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Debt Instrument, Maturity Date, Description	the Holders of the February 2022 Note, the May 2022 Note, the July 2023 Related Party Note, the August 2022 Notes, the February 2023 Letter Agreement, the June 19, 2023 Letter Agreement and the Related Party Non-Interest Bearing note all agreed to extend the due date on the loans until February 29, 2024.
Director [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Debt Instrument, Face Amount			$ 12,500
Board of Directors Chairman [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Short-Term Debt							$ 10,000
Chief Financial Officer [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Short-Term Debt							$ 1,000
Jason Anderson [Member] \| Subsequent Event [Member]
SHORT TERM LOANS, RELATED PARTIES (Details) [Line Items]
Short-Term Debt						$ 2,000

WARRANTS (Details)													1 Months Ended	3 Months Ended
WARRANTS (Details)	Dec. 29, 2023 USD ($)	Aug. 09, 2023 USD ($) $ / shares shares	Jun. 30, 2023 shares	Jun. 19, 2023 $ / shares shares	Jun. 15, 2023 shares	Jun. 08, 2023 $ / shares shares	Feb. 09, 2023 USD ($) percent $ / shares shares	May 10, 2022 $ / shares shares	May 05, 2022 $ / shares shares	Feb. 16, 2022 $ / shares shares	Feb. 15, 2022 $ / shares shares	Aug. 20, 2021 $ / shares shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 09, 2023	Sep. 30, 2023 USD ($)
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted \| shares		2,000,000		750,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares		$ 0.2		$ 0.0001
Warrants and Rights Outstanding, Term, Increase																2 years
Class of Warrant or Right, Outstanding \| shares							1,500,000
Fair Value Adjustment of Warrants \| $	$ 29,000						$ 44,241							$ 29,000	$ 0
Adjustments to Additional Paid in Capital, Warrant Issued \| $		$ 177,086												29,000
Embedded Derivative, Fair Value of Embedded Derivative Liability \| $														$ 140,989			$ 728,991
Measurement Input, Expected Term [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input														6
Measurement Input, Expected Dividend Rate [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input														0
Minimum [Member] \| Measurement Input, Price Volatility [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input														144
Minimum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input														3.8
Maximum [Member] \| Measurement Input, Price Volatility [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input														152
Maximum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input														4
August Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted \| shares												1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares							$ 0.2					$ 1.5
Warrants and Rights Outstanding, Term, Increase	2 years
February Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted \| shares										500,000	500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares							$ 0.2			$ 1.5	$ 1.5
Warrants and Rights Outstanding, Term, Increase	2 years
May 2022 Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted \| shares								1,000,000	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares								$ 0.01	$ 0.01
Warrants and Rights Outstanding, Term, Increase	2 years
February 2023 Note [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted \| shares							1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares							$ 0.2
Warrants and Rights Outstanding, Term, Increase	2 years
Adjustments to Additional Paid in Capital, Warrant Issued \| $							$ 148,500
June 2023 [Member]
WARRANTS (Details) [Line Items]
Class of Warrant or Rights, Granted \| shares			500,000		500,000	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares						$ 0.2
Warrants and Rights Outstanding, Term, Increase	2 years
Adjustments to Additional Paid in Capital, Warrant Issued \| $													$ 238,412
Warrant [Member]
WARRANTS (Details) [Line Items]
Share Price \| $ / shares							$ 0.165
Warrant [Member] \| Measurement Input, Expected Dividend Rate [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input							0
Warrant [Member] \| Minimum [Member] \| Measurement Input, Price Volatility [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input \| percent							156
Warrant [Member] \| Minimum [Member] \| Measurement Input, Expected Term [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input							3.2
Warrant [Member] \| Minimum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input							3.71
Warrant [Member] \| Maximum [Member] \| Measurement Input, Price Volatility [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input \| percent							159
Warrant [Member] \| Maximum [Member] \| Measurement Input, Expected Term [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input							4.1
Warrant [Member] \| Maximum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
WARRANTS (Details) [Line Items]
Embedded Derivative Liability, Measurement Input							3.81

WARRANTS (Details) - Fair Value Measurement Inputs and Valuation Techniques	Dec. 31, 2023
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	6
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	0
Minimum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	3.8
Minimum [Member] \| Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	144
Maximum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	4
Maximum [Member] \| Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded Derivative Liability, Measurement Input	152

OPTIONS (Details) - USD ($)			3 Months Ended
OPTIONS (Details) - USD ($)	Mar. 13, 2023	Jun. 02, 2020	Dec. 31, 2023
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	3,542,857	2,000,000	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price (in Dollars per share)		$ 0.01
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)	$ 0.175		$ 0
Share-Based Payment Arrangement, Option [Member]
OPTIONS (Details) [Line Items]
Share-Based Payment Arrangement, Noncash Expense (in Dollars)			$ 563,315
Grants 2023 [Member]
OPTIONS (Details) [Line Items]
Share-Based Payment Arrangement, Noncash Expense (in Dollars)			$ 563,314
Director [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	857,143
Chief Financial Officer [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	428,571
President of StemVax Therapeutics [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	571,429
Scientific Advisory Board [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	57,143
Staff Members and Officers [Member]
OPTIONS (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	542,857

OPTIONS (Details) - Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	Mar. 13, 2023	Jun. 02, 2020
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions Abstract
Risk Free Interest Rate	3.68%	0.32%
Stock Volatility Factor	146.79%	146.00%
Weighted Average Expected Option Life	5 years	5 years
Expected Dividend Yield	0.00%	0.00%

OPTIONS (Details) - Share-Based Payment Arrangement, Option, Activity - $ / shares			3 Months Ended
	Mar. 13, 2023	Jun. 02, 2020	Dec. 31, 2023
Share Based Payment Arrangement Option Activity Abstract
Outstanding, Number of Options			5,542,857
Outstanding, Weighted average exercise price			$ 0.115
Granted, Number of Options	3,542,857	2,000,000	0
Granted, Weighted average exercise price	$ 0.175		$ 0
Exercised, Number of Options			0
Exercised, Weighted average exercise price			$ 0
Forfeited, Number of Options			0
Forfeited, Weighted average exercise price			$ 0
Outstanding, Number of Options			5,542,857
Outstanding, Weighted average exercise price			$ 0.115

OPTIONS (Details) - Share-based Payment Arrangement, Option, Exercise Price Range	3 Months Ended
	Dec. 31, 2023 $ / shares shares
Options at .01 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercisable Prices (in Dollars per share) \| $ / shares	$ 0.01
Options Outstanding	2,000,000
Options Exercisable	2,000,000
Weighted Average Remaining Contractual Life	6 years 9 months
Options at $0.175 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercisable Prices (in Dollars per share) \| $ / shares	$ 0.175
Options Outstanding	3,542,857
Options Exercisable	3,542,857
Weighted Average Remaining Contractual Life	9 years 2 months 12 days

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - Commitment Fee [Member]	3 Months Ended
	Dec. 31, 2023 shares
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) [Line Items]
Stock Issued During Period, Shares, Other	2,825,000
Debt Instrument, Fee	If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - Schedule of Accounts Payable and Accrued Liabilities - USD ($)

Dec. 31, 2023

Sep. 30, 2023

Schedule Of Accounts Payable And Accrued Liabilities Abstract

Accrued liabilities

$ 19,194

$ 11,154

Interest payable

349,231

289,101

Provision for guaranteed commitment fees

^[1]

1,268,500

1,042,500

Accrued payroll

54,320

3,875

Deferred compensation

629,794

571,763

License Fees Payable

40,402

Insurance finance liability

23,772

Accrued expenses and accrued other current liabilities

$ 2,361,441

$ 1,982,567

[1]

DUE TO RELATED PARTIES (Details) - USD ($)		3 Months Ended	12 Months Ended
DUE TO RELATED PARTIES (Details) - USD ($)	Mar. 14, 2022	Dec. 31, 2023	Sep. 30, 2022	Jan. 31, 2022
DUE TO RELATED PARTIES (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)		2,825,000
Conversion of Stock, Shares Issued (in Shares)	1,502,670
Preferred Stock, Convertible, Conversion Price (in Dollars per share)	$ 0.35
Conversion of Stock, Amount Issued	$ 525,934
Common Stock Outstanding, Percentage	10.00%
Payments to Acquire Investments	$ 250,000
Payable, Preferred Stock Redeemed		$ 95,000
Series B Preferred Stock [Member] \| TN3, LLC [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Investment Owned, Balance, Shares (in Shares)				25,000
TN3, LLC [Member] \| Series B Preferred Stock [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Stock Redeemed or Called During Period, Shares (in Shares)	24,400
TN3, LLC [Member] \| Series B Preferred Stock [Member] \| Irvin Consulting, LLC ("IC") [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)	600
Affiliated Entity [Member]
DUE TO RELATED PARTIES (Details) [Line Items]
Proceeds from Related Party Debt			$ 86,217
Related Party Transaction, Expenses from Transactions with Related Parties		$ 7,500,000

COMMITMENTS AND CONTINGENCIES (Details)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2023 shares
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Stock Issued During Period, Shares, Other	2,825,000
Commitment Fee [Member]
COMMITMENTS AND CONTINGENCIES (Details) [Line Items]
Stock Issued During Period, Shares, Other	2,825,000
Debt Instrument, Fee	If the lender is unable to sell the shares for at least $1,325,000, it may make a one-time claim for each note to be reimbursed for the difference between their sale proceeds and $1,325,000.

SUBSEQUENT EVENTS (Details) - USD ($)												2 Months Ended		3 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($)	Feb. 20, 2024	Feb. 08, 2024	Jan. 31, 2024	Jan. 26, 2024	Dec. 29, 2023	Aug. 17, 2023	Aug. 16, 2023	Apr. 11, 2023	Feb. 09, 2023	Jul. 28, 2022	Mar. 14, 2022	Apr. 30, 2024	Feb. 26, 2024	Dec. 31, 2023	Dec. 31, 2022	Mar. 15, 2024	Feb. 15, 2024	Feb. 09, 2024
SUBSEQUENT EVENTS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)														2,825,000
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																	$ 0.11
Conversion of Stock, Shares Issued (in Shares)											1,502,670
Debt Conversion, Original Debt, Amount								$ 30,000						$ 30,000	$ 0
Debt Conversion, Converted Instrument, Shares Issued (in Shares)								2,002,579
Proceeds from Short-Term Debt									$ 8,500					11,000	$ 0
Debt Instrument, Face Amount														2,146,380
Debt Instrument, Maturity Date, Description									the earlier of August 31, 2023, or our receipt of debt or equity financing of at least $3.0 million	The loan terms required repayment of all amounts outstanding under the loan on the earlier of: (a) October 31, 2022 or (b) the receipt by the Company of debt or equity financing of $3.0 million.
Dwain K. Irvin [Member] \| Common Stock [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Conversion of Stock, Shares Issued (in Shares)					6,000,000
April 11, 2023 Note [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								8.00%
Debt Conversion, Original Debt, Amount														$ 30,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)														2,002,579
Debt Instrument, Face Amount								$ 79,250						$ 49,250
December 29, 2023 Note [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Face Amount														$ 10,000
Series B Preferred Stock [Member] \| Dwain K. Irvin [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Conversion of Stock, Shares Converted (in Shares)					600
Subsequent Event [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Debt Default, Amount																		$ 360,000
Debt Instrument, Maturity Date, Description			the Holders of the February 2022 Note, the May 2022 Note, the July 2023 Related Party Note, the August 2022 Notes, the February 2023 Letter Agreement, the June 19, 2023 Letter Agreement and the Related Party Non-Interest Bearing note all agreed to extend the due date on the loans until February 29, 2024.
Subsequent Event [Member] \| April 11, 2023 Note [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Conversion, Original Debt, Amount													$ 42,500
Debt Conversion, Converted Instrument, Shares Issued (in Shares)													3,718,032
Subsequent Event [Member] \| December 29, 2023 Note [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Proceeds from Issuance of Debt	$ 25,000	$ 19,444										$ 50,000
Bridge Loan [Member] \| Subsequent Event [Member] \| Jason Anderson [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Proceeds from Short-Term Debt				$ 2,000
Convertible promissory notes [Member] \| 1800 Diagonal Lending LLC [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Face Amount						$ 243,770
Debt, Default Penalty						150.00%
Convertible promissory notes [Member] \| 13 Paul Lending LLC [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Face Amount							$ 55,000
Debt, Default Penalty							150.00%
Purchase Agreement [Member] \| Summer [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Stock Issued During Period, Shares, Other (in Shares)					33,000,000
Share Price (in Dollars per share)					$ 0.11
Stock Issued During Period, Value, Other					$ 3,630,000
Loans Payable					$ 7,050,000.00
Debt Instrument, Interest Rate, Stated Percentage																	10.00%
Purchase Agreement [Member] \| Subsequent Event [Member] \| Tranch 1 [Member] \| Summer [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Loans Payable																	$ 3,050,000.00
Purchase Agreement [Member] \| Subsequent Event [Member] \| Tranch 2 [Member] \| Summer [Member]
SUBSEQUENT EVENTS (Details) [Line Items]
Loans Payable																$ 4,000,000

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