General form of registration statement for all companies including face-amount certificate companies

Warrants (Details)

v3.22.4
Warrants (Details)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
$ / shares
shares
Warrants (Details) [Line Items]    
Private warrants shares (in Shares) | shares   8,625,000
Common stock price   $ 10
Warrant price   0.01
Common stock exceeds price   $ 16.5
Warrant liabilities (in Dollars) | $   $ 2,242,500
Other income expenses (in Dollars) | $ $ 603,750  
Common stock exercise price   $ 11.5
Private warrants description   The Private Warrants, which are accounted for as liabilities in our condensed consolidated balance sheets, were valued as of September 30, 2022 at $1,906,057 based on their publicly-traded price. The fair value of the Private Warrants was estimated using a Black-Scholes option pricing model using the following assumptions: stock price of $3.61, no assumed dividends, a risk-free rate of 4.06% and implied volatility of 36.7%. The change in value of the Private Warrants during the three months ended September 30, 2022 totaled $(525,839) and was reported with other (income) expense in our condensed consolidated statements of operations.
Public Warrants [Member]    
Warrants (Details) [Line Items]    
Common stock price   $ 11.5
Warrant liabilities (in Dollars) | $   $ 2,242,500
Private Warrants [Member]    
Warrants (Details) [Line Items]    
Private warrants shares (in Shares) | shares   7,175,000
Debenture Warrants [Member]    
Warrants (Details) [Line Items]    
Common stock price   $ 20
Purchase agreement, shares issued (in Shares) | shares   2,922,425
Warrants expire term 10 years 10 years
Fair value issuance (in Dollars) | $ $ 15,566,134 $ 15,566,134