INTELLECTUAL PROPERTY LICENSING RIGHTS (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||
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Oct. 12, 2018 |
Aug. 20, 2018 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Naltrexone Implant Formulation [Member] | Australia from Trinity Compound Solutions [Member] | ||||
Aggregate purchase price, value | $ 236,000 | |||
Patent acquired | $ 15,200 | |||
Estimated useful lives | 13 years | |||
Cash paid for acquisition | $ 10,000 | |||
Aggregate purchase price, Shares | 20,000 | |||
Intellectual Property [Member] | ||||
Amortization expense | $ 0 | $ 35,370 | ||
Estimated useful lives | 5 years | |||
Impairment loss | $ 141,480 | |||
Intellectual property, carrying value | 0 | |||
Patents [Member] | ||||
Amortization expense | 1,179 | $ 1,180 | ||
Accumulated amortization | $ 4,994 |
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. No definition available.
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