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

Warrants (Details)

v3.23.2
Warrants (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 14, 2021
Dec. 16, 2021
Mar. 31, 2023
Jun. 30, 2022
Dec. 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Warrants (Details) [Line Items]              
Private warrants shares     8,625,000     8,625,000  
Warrant price (in Dollars per share)     $ 0.01     $ 0.01  
Common stock exceeds price (in Dollars per share)     $ 16.5     16.5  
Liabilities (in Dollars)     $ 1,653,223        
Other (income) expense (in Dollars)     $ 2,837,513        
Common stock exercise price (in Dollars per share)     $ 11.5     $ 11.5  
Private warrants description     The fair value of the Private Warrants was estimated using a Black-Scholes option pricing model using the following assumptions: stock price of $2.98, no assumed dividends, a risk-free rate of 3.66% and implied volatility of 44.6%. The change in value of the Private Warrants during the three months ended March 31, 2023 totaled $(281,362) and was reported with other (income) expense in our condensed consolidated statements of operations.     The Private Warrants, which are accounted for as liabilities in our consolidated balance sheets, were valued as of December 31, 2022 at $1,934,588. The fair value of the Private Warrants was estimated using a Black-Scholes option pricing model using the following assumptions: stock price of $3.74, no assumed dividends, a risk-free rate of 4.03% and implied volatility of 36.9%. The change in value of the Private Warrants during the year ended December 31, 2022 totaled $(497,307) and was reported with other (income) expense in our consolidated statements of operations.  
Common stock price (in Dollars per share)     $ 10     $ 10  
Warrant liabilities (in Dollars)           $ 2,276,136  
Estimated amount (in Dollars)           $ 28,477,618  
Public Warrants [Member]              
Warrants (Details) [Line Items]              
Common stock price (in Dollars per share)     $ 11.5        
Liabilities (in Dollars)     $ 1,956,891        
Other (income) expense (in Dollars)     $ (319,247)        
Common stock price (in Dollars per share)           $ 11.5  
Private Warrants [Member]              
Warrants (Details) [Line Items]              
Private warrants shares     7,175,000     7,175,000  
Debenture Warrants [Member]              
Warrants (Details) [Line Items]              
Common stock price (in Dollars per share)     $ 20        
Warrants expire term     10 years     10 years  
Common stock price (in Dollars per share)           $ 20  
Purchase agreement, shares issued           2,922,425  
SPA Warrants [Member]              
Warrants (Details) [Line Items]              
Liabilities (in Dollars)     $ 31,315,131        
Private placement warrants (in Dollars)     $ 20,949,110     $ 20,949,110  
CleanTech Acquisition Corp [Member]              
Warrants (Details) [Line Items]              
Redeemable warrants of shares       15,800,000 15,800,000   15,800,000
Public warrants       8,625,000     8,625,000
Private placement warrants       3,036,735     3,036,735
Warrant expire term       5 years     5 years
Warrants exercise description       The private warrants will be identical to the public warrants underlying the units being offered by the Company’s prospectus except that (i) each private warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, and (ii) such private warrants will be exercisable for cash (even if a registration statement covering the shares of Common Stock issuable upon exercise of such warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by us, in each case so long as they are still held by the initial purchasers or their affiliates. The private warrants purchased by CleanTech Investments will not be exercisable more than five years from the effective date of the registration statement, of which the Company’s prospectus forms a part, in accordance with FINRA Rule 5110(g)(8), as long as Chardan Capital Markets, LLC or any of its related persons beneficially own these private warrants.     The private warrants will be identical to the public warrants underlying the units being offered by the Company’s prospectus except that (i) each private warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, and (ii) such private warrants will be exercisable for cash (even if a registration statement covering the shares of Common Stock issuable upon exercise of such warrants is not effective) or on a cashless basis, at the holder’s option, and will not be redeemable by us, in each case so long as they are still held by the initial purchasers or their affiliates. The private warrants purchased by CleanTech Investments will not be exercisable more than five years from the effective date of the registration statement, of which the Company’s prospectus forms a part, in accordance with FINRA Rule 5110(g)(8), as long as Chardan Capital Markets, LLC or any of its related persons beneficially own these private warrants.
Public warrants exercisable, description       The Company may call the outstanding warrants for redemption (excluding the private warrants but including any warrants already issued upon exercise of the unit purchase option), in whole and not in part, at a price of $0.01 per warrant: ●at any time while the warrants are exercisable, ●upon not less than 30 days’ prior written notice of redemption to each warrant holder, ●if, and only if, the reported last sale price of the shares of common stock equals or exceeds $16.50 per share, for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, and ●if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. The right to exercise will be forfeited unless the warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder of a warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such warrant.      The Company may call the outstanding warrants for redemption (excluding the private warrants but including any warrants already issued upon exercise of the unit purchase option), in whole and not in part, at a price of $0.01 per warrant: ●at any time while the warrants are exercisable, ●upon not less than 30 days’ prior written notice of redemption to each warrant holder,   ●if, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $16.50 per share, for any 20 trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, and ●if, and only if, there is a current registration statement in effect with respect to the shares of Common Stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. The right to exercise will be forfeited unless the warrants are exercised prior to the date specified in the notice of redemption. On and after the redemption date, a record holder of a warrant will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such warrant.
Description of business combination       In addition, if the Company issues additional shares of common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at a newly issued price of less than $9.20 per share of common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Company’s initial stockholders or their affiliates, without taking into account any founder shares or private warrants held by them, as applicable, prior to such issuance), the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the newly issued price and the $16.50 per share redemption trigger price described below under will be adjusted (to the nearest cent) to be equal to 165% of the market value (the volume weighted average trading price of the common stock during the 20 trading day period starting on the trading day prior to the consummation of an initial Business Combination).     In addition, if the Company issues additional shares of Common Stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at a newly issued price of less than $9.20 per share of Common Stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Company’s initial stockholders or their affiliates, without taking into account any founder shares or private warrants held by them, as applicable, prior to such issuance), the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the newly issued price and the $16.50 per share redemption trigger price described below under will be adjusted (to the nearest cent) to be equal to 165% of the market value (the volume weighted average trading price of the Common Stock during the 20 trading day period starting on the trading day prior to the consummation of an initial Business Combination).
Warrant issued       15,800,000     15,800,000
Warrant price (in Dollars per share)   $ 20          
Number of share       1      
Common stock price (in Dollars per share) $ 10            
CleanTech Acquisition Corp [Member] | Private Placement [Member]              
Warrants (Details) [Line Items]              
Private placement warrants             7,175,000
Common stock price per share (in Dollars per share)       $ 1     $ 1
Private placement warrants (in Dollars)       $ 7,175,000      
CleanTech Acquisition Corp [Member] | Warrant [Member]              
Warrants (Details) [Line Items]              
Common stock price per share (in Dollars per share)       $ 11.5     $ 11.5