COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) |
1 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jan. 11, 2022 |
May 27, 2022 |
Mar. 30, 2022 |
Sep. 30, 2023 |
Dec. 31, 2022 |
Sep. 30, 2019 |
Dec. 10, 2015 |
|
Renumeration amount | $ 3,000 | ||||||
Consideration amount | $ 657,640 | 503,089 | |||||
First payment owed | $ 145,000 | ||||||
Attorney's fees | $ 222,933 | $ 222,933 | $ 235,886 | ||||
Interest rate | 10.00% | ||||||
Accrual of loss on contingency | $ (322,000) | ||||||
Compensation for services, description | As of May 14, 2021, the Company has entered into four consulting agreements. In compensation for services: (i) one consultant shall receive a renumeration amount of $10,000-$12,500 per month and has earned 1% of the Company’s majority owned subsidiary, BioCorRx Pharmaceuticals as of May 7, 2021 based on FDA clearance of Company’s IND application; consulting agreement terminated in April 2021 (ii) one consultant shall receive common stock equivalent to $1,375 on the last day of each month; (iii) two consultants shall receive common stock equivalent to $3,750 on the last day of each month; and (iv) one consultant shall receive a remuneration amount of $3,500 per month | ||||||
Charles River Laboratories, Inc. [Member] | |||||||
Total amended consideration | $ 3,024,476 | ||||||
Remaining commitment | $ 28,936 | ||||||
BICX Holding Company LLC [Member] | |||||||
Common stock issued upon convertible debt | 2,227,575 | ||||||
Convertible Promissory Note | $ 4,160,000 | ||||||
Conversion agreement description | Pursuant to the Conversion Agreement, BICX has agreed that the Total Interest Payment (as defined in the Conversion Agreement) that would have been due under the Note, in the amount of $1,138,157, will be reflected on the Company’s financial statements as an amount due and owing to the Investor to be repaid within twelve (12) months of the closing of the Public Offering, or if the Public Offering is terminated or abandoned prior to closing, then on or before such date that is no later than twelve (12) months from the date of such termination or abandonment | ||||||
Issuance price | $ 2.00 | ||||||
Amount due to investor | $ 1,138,157 | ||||||
Board Member [Member] | |||||||
Receive common stock equivalent | 5,000 | ||||||
Alpine Creek [Member] | |||||||
Royalty due | 91 | $ 91 | |||||
Total consideration amount | 1,531,926 | ||||||
Payables to Alpine Creek | $ 1,215,000 | ||||||
Paid to Alpine Creek | $ 1,620,000 | ||||||
Payable per treatment sold | $ 100 | ||||||
Other payment description | Company shall pay 2.5% of the Company’s gross profit for implant distribution not to exceed $100 per sale | ||||||
Profit holding percentage | 50.00% |