Registration of securities issued in business combination transactions

Long Term Debt (Tables)

v3.23.3
Long Term Debt (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Long Term Debt [Abstract]    
Schedule of Long-Term Debt Long-term debt consisted of the following as of the dates presented:
 

June 30,
2023

 

December 31,
2022

Total long-term debt

 

$

10,265,000

 

 

$

14,607,000

 

Less: Current portion

 

 

(7,770,543

)

 

 

(13,200,000

)

Noncurrent portion

 

$

2,494,457

 

 

$

1,407,000

 

Long-term debt consisted of the following:
 

As of December 31,

   

2022

 

2021

Senior Convertible Notes (at fair value)

 

$

14,607,000

 

 

$

17,305,000

 

Less: current maturities

 

 

(13,200,000

)

 

 

(13,200,000

)

Total long-term debt, less current portion

 

$

1,407,000

 

 

$

4,105,000

 

Schedule of Maturities of Outstanding Long-Term Debt Obligations   Maturities of our debt as of December 31, 2022 are presented below.

Year ending December 31:

 

 

 

 

2023

 

$

13,200,000

 

2024

 

 

1,462,727

 

Aggregate maturities due

 

 

14,662,727

 

Original issue discount

 

 

(2,000,000

)

Cumulative unrealized change in fair value

 

 

1,944,273

 

Total debt outstanding at fair value

 

$

14,607,000