CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) |
9 Months Ended | 12 Months Ended | ||
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Jun. 10, 2016 |
Sep. 30, 2019 |
Dec. 31, 2020 |
Dec. 31, 2019 |
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Amortization of debt discount | $ 0 | $ 656,231 | ||
Interest expense | $ 0 | $ 389,330 | ||
Shares issued opon conversion of debt | 2,227,575 | |||
Additional investment | $ 1,660,000 | |||
March, 2020 [Member] | ||||
Conversion interest payable | $ 1,138,157 | |||
BICX Holding Company LLC [Member] | ||||
Shares issued opon conversion of debt | 2,227,575 | 2,227,575 | ||
Description of conversion agreement | during the period commencing on October 1, 2019 and ending six (6) months following the initial closing of the Company’s intended public offering of its securities to raise gross proceeds to the Company of at least $10,000,000 (subject to adjustment in the Company’s sole discretion) (“Public Offering”). In the event that the intended public offering is terminated or abandoned prior to closing then the lock-up shall expire upon the later of the date which is six (6) months from September 30, 2019 or thirty (30) days from the date of such termination or abandonment. | |||
Convertible promissory note | $ 2,500,000 | |||
Maturity period | Mar. 03, 2020 | |||
Interest rate | 8.00% |
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Dividend or interest rate associated with the financial instrument issued in exchange for the original debt being converted in a noncash or part noncash transaction. Noncash are transactions that affect recognized assets or liabilities but that do not result in cash receipts or cash payments. Part noncash refers to that portion of the transaction not resulting in cash receipts or cash payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount by which the convertible debt's if-converted value exceeds its principle amount at the balance sheet date, regardless of whether the instrument is currently convertible. This element applies to public companies only. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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