BUSINESS COMBINATION (Details Narrative) - USD ($) |
3 Months Ended | |||
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Mar. 04, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Oct. 14, 2024 |
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BUSINESS COMBINATION | ||||
Retention description | amounts equal $400,000 of 50% of the Net Sales (as defined in the APA) of Lucemyra and 50% of the Net Distributable Profits (as defined in the APA) of the generic version of Lucemyra | |||
Common stock shares issued | 500,000 | |||
Common stock purchase | 500,000 | |||
Common stock price per share | $ 0.31 | $ 0.001 | $ 0.001 | $ 0.75 |
Exercise price | $ 1.00 | |||
Fair value of stock issued | $ 153,500 | |||
Discounted at the risk-free rate | 4.04% | |||
Upfront purchase price | $ 400,000 | $ 392,441 | ||
Discounted at required metric risk premium | $ 27.78 | |||
Business contributed revenues | $ 134,899 | |||
Earnings | 118,762 | |||
Acquisition-related costs | 22,900 | |||
Pro forma adjusted amount | 22,900 | |||
Royalty payments | $ 192,365 |
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount the entity has committed to make for future royalty guarantees. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of shares of stock issued attributable to transactions classified as other. No definition available.
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