LONG-TERM AND RELATED PARTY DEBT (Details)
|
|
|
|
|
|
|
|
|
|
|
|
1 Months Ended |
3 Months Ended |
|
|
Jan. 22, 2022
USD ($)
|
Jan. 19, 2022
USD ($)
|
Jan. 01, 2022
USD ($)
|
Jul. 31, 2021
USD ($)
|
May 01, 2021
USD ($)
|
Apr. 01, 2021
USD ($)
|
Dec. 01, 2020
USD ($)
|
Oct. 01, 2020
USD ($)
|
Jul. 31, 2020
USD ($)
|
Jan. 01, 2019
USD ($)
|
May 31, 2018
USD ($)
$ / shares
|
Feb. 28, 2021
USD ($)
shares
|
Mar. 31, 2022
USD ($)
|
Mar. 31, 2021
USD ($)
|
Dec. 31, 2021
USD ($)
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000
|
$ 0
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
1,797,039
|
|
$ 968,940
|
| Repayments of Convertible Debt |
|
|
|
|
|
|
|
|
|
|
|
|
0
|
$ 46,725
|
|
| Debt, Current |
|
|
|
|
|
|
|
|
|
|
|
|
631,834
|
|
402,005
|
| Info Management Systems Inc ISM [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
|
|
|
$ 300,000
|
|
|
|
|
| Business Combination, Consideration Transferred, Liabilities Incurred |
|
|
|
|
|
|
|
|
|
|
$ 1,000,000
|
|
|
|
|
| Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
|
|
|
|
|
|
|
|
The ISM Note is due five years from the closing date and bears interest at a rate of two percent (2%) per annum. Monthly payments including interest are $17,528. The ISM Note has an optional conversion feature whereby the holder may, at its sole and exclusive option, elect to convert, at any time and from time to time, until payment in full of the ISM Note, all of the outstanding principal amount of the ISM Note, plus accrued interest, into shares (the “Conversion Shares”) of the Company’s Common Stock, (“Common Stock”) at per share price equal to $4.03, a price equal to the average closing price of its Common Stock for the five (5) trading days immediately preceding the issuance date of the ISM Note (the “Fixed Conversion Price”).
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
|
|
|
$ 17,528
|
|
|
|
|
| Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 4.03
|
|
|
|
|
| Debt Conversion, Original Debt, Amount |
|
|
|
|
|
|
|
|
|
|
|
$ 479,111
|
|
|
|
| Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
119,004
|
|
|
|
| ProductiveTech, Inc. (PTI) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
|
|
$ 60,000
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
|
36 months
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
|
|
$ 4,984
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,975
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
$ 174,000
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
| ProductiveTech, Inc. (PTI) [Member] | Notes Payable, Other Payables [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
| Nellnube, Inc ("NNB") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
|
|
|
|
|
|
|
|
The Nellnube Note is due five years from the closing date and bears interest at a rate of two percent (2%) per annum. Monthly payments including interest are $7,011. The Nellnube Note has an optional conversion feature whereby the holder may, at its sole and exclusive option, elect to convert, at any time and from time to time, all of the outstanding principal amount of the Nellnube Note, plus accrued interest, into shares (the “Conversion Shares”) of the Company’s Common Stock, (“Common Stock”) at per share price equal to $4.03 (the “Fixed Conversion Price”)
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
|
|
|
$ 7,011
|
|
|
|
|
| Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 4.03
|
|
|
|
|
| Debt Conversion, Original Debt, Amount |
|
|
|
|
|
|
|
|
|
|
|
$ 191,645
|
|
|
|
| Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares |
|
|
|
|
|
|
|
|
|
|
|
47,602
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
$ 400,000
|
|
|
|
|
| Prairie Technology Solutions Group, LLC ("PT") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
|
$ 185,000
|
|
|
|
0
|
|
|
| Business Combination, Consideration Transferred, Liabilities Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
130,000
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
206,667
|
|
206,667
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
$ 103,333
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
4.00%
|
|
|
|
|
|
|
| Number of Notes |
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
| Repayments of Convertible Debt |
|
|
|
$ 107,543
|
|
|
|
|
|
|
|
|
|
|
|
| Business Combination, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
130,000
|
|
|
| Computer Management Services, LLC ("CMS") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
$ 410
|
|
|
|
|
145,703
|
|
|
| Business Combination, Consideration Transferred, Liabilities Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
450,000
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
36 months
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
|
$ 4,869
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
90,991
|
|
105,097
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
$ 170,000
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
| Customer Deposits, Current |
|
|
|
|
|
|
|
$ 50,115
|
|
|
|
|
|
|
|
| Prepaid Expense, Current |
|
|
|
|
|
|
|
67,073
|
|
|
|
|
|
|
|
| Business Combination, Consideration Transferred |
|
|
|
|
|
|
|
$ 287,598
|
|
|
|
|
595,703
|
|
|
| PeopleSense, Inc. ("PSI") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
$ 150,000
|
|
|
|
$ 145,703
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
36 months
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
$ 12,889
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
327,694
|
|
364,600
|
| Debt Instrument, Face Amount |
$ 75,000
|
|
|
|
$ 450,000
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
2.00%
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Deposits from Customers |
|
|
|
|
$ 99,938
|
|
|
|
|
|
|
|
|
|
|
| Dynamic Tech Services, Inc (DTS”) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
$ 500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business Combination, Consideration Transferred, Liabilities Incurred |
|
|
835,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
835,000
|
|
|
| Debt Instrument, Face Amount |
|
|
$ 835,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
3.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business Combination, Consideration Transferred |
|
|
$ 1,335,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business Combination, Provisional Information, Initial Accounting Incomplete, Nature of Adjustments |
|
|
Any such downward adjustment will be determined by calculating the percentage of loss of Acumatica subscription renewals during the one-year period immediately following the Effective Date from DTS Customers. In the event that subscription renewal revenue received from DTS Customers during the one-year period immediately following the Effective Date is less than 95% of the subscription renewal revenue received by DTS from DTS Customers during the one-year period immediately preceding the Effective Date, the principal amount of the Note will be reduced. The measuring period for any downward adjustment will be as of the one-year anniversary of the Effective Date. Notwithstanding the foregoing, under no circumstances will the principal amount of the Note be reduced by reason of such downward adjustment by more than $150,000 (i.e., to a principal amount below $685,000). The Note will be amortized as follows: The first payment of principal and interest due under the Note, which will be an annual payment, is due and payable on January 1, 2023, after the revised principal amount of the Buyer Note is determined and thereafter, payments will be made quarterly in twelve equal installments.
|
|
|
|
|
|
|
|
|
|
|
|
|
| NEO3, LLC ("NEO3") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
36 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
$ 2,148
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
70,950
|
|
|
| Debt Instrument, Face Amount |
|
$ 75,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business Combination, Consideration Transferred |
$ 225,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prairie Tech Note 1 [Member] | Prairie Technology Solutions Group, LLC ("PT") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
1 year
|
|
|
|
|
|
|
| Prairie Tech Note 2 [Member] | Prairie Technology Solutions Group, LLC ("PT") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
|
| Prairie Tech Note 3 [Member] | Prairie Technology Solutions Group, LLC ("PT") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
| Business Software Solutions ("BSS") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
$ 230,000
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
|
60 months
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
|
$ 4,031
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
174,636
|
|
185,820
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
| CT-Solution ("CTS") [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LONG-TERM AND RELATED PARTY DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to Acquire Businesses, Gross |
|
|
|
|
|
$ 130,000
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Term |
|
|
|
|
|
36 months
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment |
|
|
|
|
|
$ 3,724
|
|
|
|
|
|
|
|
|
|
| Long-Term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
$ 91,101
|
|
$ 101,781
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
|