Registration of securities issued in business combination transactions

Long Term Debt (Tables)

v3.23.3
Long Term Debt (Tables)
 9 Months Ended 12 Months Ended
Sep. 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:
 

September 30,
2023

  

December 31,
2022

Total long-term debt

  

$

7,733,271

 

  

$

14,607,000

 

Less: Current portion

  

 

(7,733,271

)

  

 

(13,200,000

)

Noncurrent portion

  

$

—

 

  

$

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