Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Details)

v3.23.1
Notes Payable (Details)
 3 Months Ended
Mar. 31, 2023
USD ($)
$ / shares
shares
Debt Disclosure [Abstract]  
Gross principal amount $ 36,530,320
Debenture warrants shares (in Shares) | shares 2,922,425
Inclusive proceeds $ 35,800,000
Original issue discount percentage 2.00%
Fair value debenture warrants $ 20,949,110
Debt discount upon issuance totaling $ 21,679,716
Debentures converted description The Debentures may be converted at each holder’s option at 120% of the principal amount at a conversion price of $15.00 or 2,922,425 shares of Common Stock. The conversion price may be adjusted downward for certain events including the issuance by the Company of dilutive instruments below the current conversion price. Interest accrues on the outstanding principal amount of the Debentures at 5% per annum, payable quarterly.
Exercisable initially per share (in Dollars per share) | $ / shares $ 20
Debt discount accretion $ 907,865
Effective interest 25.2%