Intangible Assets (Details Narrative) - USD ($) |
1 Months Ended | 6 Months Ended | 11 Months Ended |
---|---|---|---|
Oct. 31, 2021 |
Jun. 30, 2022 |
Nov. 22, 2021 |
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EMC Capital Partners [Member] | |||
Amortization expense | $ 83,183 | ||
Amortization life | $ 167,745 | ||
Simson-Maxwell [member] | |||
Customer relationships with a fair value | $ 1,677,453 | ||
useful life | 10 years | ||
Simmax Brand with a fair value | $ 2,230,673 | ||
ESG [Member] | |||
Total amount paid | $ 500,000 | ||
Share | 6,942,691 | ||
Amount paid | $ 250,000 | ||
Amortization expense | 153,078 | 3,500,000 | |
Accept Share | $ 2,750,000 | ||
Up-front royalty paid | $ 1,500,000 | ||
Royalty percentage maximum payable, against net revenues | 15.00% | ||
Estimated future amortization expense for each of the next five years | $ 304,465 | ||
ESG [Member] | On or before January 31, 2022 [Member] | |||
Up-front royalty paid | 1,500,000 | ||
ESG [Member] | On or before April 20, 2022 [Member] | |||
Up-front royalty paid | $ 2,000,000 |
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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