Fair Value (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| Convertible Debt [Member] |
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
| Schedule of reconciliation of fair values |
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
|
2023 |
|
|
2022
|
|
|
2023
|
|
|
2022
|
|
|
Fair value balance at beginning of period
|
|
$ |
8,462,000 |
|
|
$ |
15,337,000 |
|
|
$ |
14,607,000 |
|
|
$ |
17,305,000 |
|
| Principal payments in cash and Common Stock |
|
|
(115,000 |
) |
|
|
(2,080,000 |
) |
|
|
(6,429,457 |
) |
|
|
(5,380,000 |
) |
| Change in fair value reported in the statements of operations |
|
|
893,000 |
|
|
|
294,000 |
|
|
|
1,048,457 |
|
|
|
1,727,000 |
|
|
Change in fair value reported in other comprehensive loss
|
|
|
25,000 |
|
|
|
(163,000 |
) |
|
|
39,000 |
|
|
|
(264,000 |
) |
|
Fair value balance at end of period
|
|
$ |
9,265,000 |
|
|
$ |
13,388,000
|
|
|
$ |
9,265,000 |
|
|
$ |
13,388,000 |
|
|
| Schedule of fair value by using key inputs |
|
Fair Value Assumptions - Convertible Notes
|
|
June 30, 2023 |
|
|
December 31, 2022 |
|
|
Face value principal payable
|
|
$
|
8,233,271
|
|
|
$
|
14,662,727
|
|
|
Original conversion price
|
|
$
|
4.75
|
|
|
$
|
4.75
|
|
|
Value of Common Stock
|
|
$
|
0.605
|
|
|
$
|
0.69
|
|
|
Expected term (years)
|
|
|
1.3
|
|
|
|
1.8
|
|
|
Volatility
|
|
|
111
|
%
|
|
|
77
|
%
|
|
Market yield
|
|
|
41.7
|
% |
|
|
44.3 to 43.9
|
%
|
|
Risk free rate
|
|
|
4.9
|
%
|
|
|
4.4
|
%
|
| Issue date |
|
|
October 5, 2021 |
|
|
|
October 5, 2021 |
|
| Maturity date |
|
|
October 5, 2024 |
|
|
|
October 5, 2024 |
|
|
| Private Warrant [Member] |
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
| Schedule of reconciliation of fair values |
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
Fair value balance at beginning of period
|
$
|
—
|
|
|
$ |
45,127 |
|
|
$ |
— |
|
|
$ |
63,178 |
|
|
Change in fair value reported in the statements of operations
|
|
—
|
|
|
|
(33,845 |
) |
|
|
— |
|
|
|
(51,896 |
) |
|
Fair value balance at end of period
|
$
|
—
|
|
|
$ |
11,282 |
|
|
$ |
— |
|
|
$ |
11,282 |
|
|
| Schedule of fair value by using key inputs |
Fair Value Assumptions - Private Warrants
|
|
June 30, 2023
|
|
|
December 31, 2022
|
|
|
Number of Private Warrants
|
|
|
225,635
|
|
|
|
225,635
|
|
|
Original conversion price
|
|
$
|
230
|
|
|
$
|
230.00
|
|
|
Value of Common Stock
|
|
$
|
0.605
|
|
|
$
|
0.69
|
|
|
Expected term (years)
|
|
|
0.96
|
|
|
|
1.46
|
|
|
Volatility
|
|
|
NM
|
|
|
|
NM
|
|
|
Risk free rate
|
|
|
NM
|
|
|
|
NM
|
|
| NM - Not meaningful. |
|
|
|
|
|
|
|
|
|
| Common Warrants and Underwriter Warrants [Member] |
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
| Schedule of fair value measurement unit offering common and underwriter warrants |
| Fair Value Assumptions - 2022 Common and Underwriter Warrants |
|
July 5, 2022
|
|
| Exercise price |
$ |
4.60 |
|
| Expected term (years) |
|
5.0 |
|
| Volatility |
|
136.9 |
% |
|