Convertible Promissory Notes and Warrants (Details) - USD ($)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
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Sep. 29, 2021 |
May 27, 2021 |
Dec. 21, 2021 |
Jul. 31, 2021 |
May 31, 2021 |
May 27, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Aug. 19, 2021 |
| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Sale of stock (in Shares) |
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|
859,643
|
110,000
|
7,495
|
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|
|
|
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| Sale of stock, price per share |
|
$ 10
|
$ 7
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|
$ 10
|
$ 10
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|
|
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|
$ 6
|
| Debt description |
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|
Each Unit is comprised of (i)
a convertible promissory note convertible into common stock of the Company, (ii) a warrant to purchase one share of common stock of the
Company (the ‘Class A Warrant’); and (iii) a second warrant to purchase common stock of the Company (the “Class B Warrant”).
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| Gross proceeds (in Dollars) |
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|
$ 6,000,000
|
|
|
|
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|
$ 5,815,138
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|
|
|
|
| Proceeds from promissory notes (in Dollars) |
|
|
|
$ 1,100,000
|
$ 74,945
|
|
|
|
$ 5,120,743
|
$ 74,945
|
$ 263,907
|
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|
| Warrants to purschase common stock (in Shares) |
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749,984
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| Exercise price |
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$ 20
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|
| Issued additional units (in Shares) |
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|
830,732
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|
| Total units issued (in Shares) |
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830,732
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| Units issued (in Shares) |
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39,811
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|
39,811
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|
|
|
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| Accounts payable issued (in Shares) |
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|
|
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|
5,714
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|
|
|
| Exchange for services issued (in Shares) |
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|
|
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|
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|
42,857
|
|
|
|
|
| Fair value of the warrants (in Dollars) |
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|
|
|
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|
$ 1,792,000
|
$ (278,000)
|
$ 3,622,000
|
(278,000)
|
$ 1,387,000
|
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|
| Fair value of derivative liabilities (in Dollars) |
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|
|
|
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|
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| Interest and accretion expense (in Dollars) |
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$ 524,884
|
$ 4,189
|
$ 816,881
|
$ 4,189
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| Debt instrument conversion description |
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The Convertible Notes mature in 24 months
from the initial closing date and accrue 10% of simple interest per annum on the outstanding principal amount. The Convertible Notes
principal and accrued interest can be converted at any time at the option of the holder at a conversion price of $7.00 per share (previously
$9.00 per the September 2021 Amendment and originally $10.00 per the May Unit Purchase Agreement). In the event the Company consummates,
while the Convertible Note is outstanding, an equity financing with a gross aggregate amount of securities sold of not less than $10,000,000
(“Qualified Financing”), then all outstanding principal, together with all unpaid accrued interest under the Convertible
Notes, shall automatically convert into shares of the equity financing at the lesser of (i) 75% of the cash price per share paid in the
financing and the conversion price of $7.00 per unit.
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| Warrants exercise price per share |
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$ 9
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| Warrants exercisable term |
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5 years
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| Sale of stock amount (in Dollars) |
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|
74,945
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|
|
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|
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| Issuance costs (in Dollars) |
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$ 6,745
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| Total previously issued shares (in Shares) |
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155,272
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|
| Pro-rata Units (in Shares) |
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|
|
|
|
|
|
|
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|
208,006
|
|
|
| Loss on debt extinguishment (in Dollars) |
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$ (663,522)
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| Fair value of derivative liabilities (in Dollars) |
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2,485,346
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| Accretion expense (in Dollars) |
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116,676
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| Maximum [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Sale of stock, price per share |
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$ 9
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| Debt conversion price per share |
$ 10
|
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|
9
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| Minimum [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
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| Sale of stock, price per share |
|
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|
10
|
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|
|
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|
|
|
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| Debt conversion price per share |
9
|
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|
$ 10
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| Unit Purchase Agreement [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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|
|
|
|
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| Sale of stock (in Shares) |
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|
1,000,000
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| Exchange Agreements [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Investments (in Dollars) |
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|
$ 6,000,000
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| Exercise price |
|
|
|
|
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|
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$ 9
|
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| Fair value of the warrants (in Dollars) |
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$ 4,299,649
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| Warrant coverage percentage |
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200.00%
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| Loss on debt extinguishment (in Dollars) |
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|
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|
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$ 663,522
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| Exchange Agreements [Member] | Maximum [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Sale of stock, price per share |
|
|
|
|
|
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|
$ 7
|
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|
| Debt conversion price per share |
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|
|
|
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|
7
|
|
|
| Exchange Agreements [Member] | Minimum [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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|
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|
|
|
|
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| Sale of stock, price per share |
|
|
|
|
|
|
|
|
|
|
9
|
|
|
| Debt conversion price per share |
|
|
|
|
|
|
|
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|
$ 9
|
|
|
| Convertible Promissory Note [Member] | Unit Purchase Agreement [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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|
|
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| Sale of stock (in Shares) |
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|
|
|
|
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|
2,428,572
|
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|
| Sale of stock, price per share |
|
|
|
|
|
|
|
|
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|
$ 7
|
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| Debt description |
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Each Unit
is comprised of (i) a convertible promissory note convertible into common stock of the Company at an initial conversion price of $7.00
and, (ii) a warrant to purchase two shares of Common Stock at an initial purchase price of $9.00 per share (the new Class C Warrant).
Under this December UPA, the Company issued and sold 859,643 Units at a per unit purchase price of $7.00, for gross proceeds of $6,000,000.
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| New Class C Warrants Terms [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Percentage of warrant coverage |
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200.00%
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| Percentage of cash price |
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75.00%
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| Warrants exercise price per share |
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$ 9
|
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| Debt instrument conversion price |
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|
$ 9
|
|
$ 9
|
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| Warrants exercisable term |
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5 years
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| New Class C Warrants [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Percentage of warrant coverage |
|
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|
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|
200.00%
|
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| Debt instrument conversion price |
|
|
|
|
|
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|
$ 9
|
|
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| Warrants exercisable term |
|
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5 years
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| Percentage of debt instrument of conversion price |
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0.75
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| Class A Warrants [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock (in Shares) |
|
|
|
|
7,495
|
|
|
|
|
|
|
|
|
| Warrants to purschase common stock (in Shares) |
|
|
|
110,000
|
|
|
|
|
|
|
|
|
|
| Sale of stock amount (in Dollars) |
|
|
|
$ 1,100,000
|
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|
|
|
|
|
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| Class B Warrants [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock (in Shares) |
|
|
|
|
7,495
|
|
|
|
|
|
|
|
|
| Warrants to purschase common stock (in Shares) |
|
|
|
110,000
|
|
|
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| Convertible Notes Payable [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Convertible notes description |
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|
|
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|
The Convertible Notes mature in 24 months
from the initial closing date and accrue 10% of simple interest per annum on the outstanding principal amount.
|
|
|
|
|
| Debt instrument conversion description |
|
|
|
|
|
|
|
|
The Convertible Notes
principal and accrued interest can be converted at any time at the option of the holder at a conversion price of $7.00 per share (previously
$9.00 per the September 2021 Amendment and originally $10.0 per the May Unit Purchase Agreement)
|
|
|
|
|
| Equity financing gross amount (in Dollars) |
|
|
|
|
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|
$ 10,000,000
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|
$ 10,000,000
|
|
|
|
|
| Percentage of cash price |
|
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|
|
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|
75.00%
|
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| Conversion price per unit |
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|
$ 7
|
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| Unit Purchase Agreement [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock (in Shares) |
|
1,000,000
|
|
|
7,495
|
|
|
|
|
|
|
|
|
| Sale of stock, price per share |
|
$ 10
|
|
|
$ 10
|
$ 10
|
|
|
|
|
|
|
|
| Debt description |
|
Each Unit is comprised of (i)
a convertible promissory note convertible into common stock of the Company, (ii) a warrant to purchase one share of common stock of the
Company (the ‘Class A Warrant’); and (iii) a second warrant to purchase common stock of the Company (the “Class B Warrant”).
|
|
|
|
|
|
|
|
|
|
|
|
| Gross proceeds (in Dollars) |
|
|
|
|
$ 74,945
|
|
|
|
|
|
|
|
|
| Proceeds from promissory notes (in Dollars) |
|
|
|
|
74,945
|
|
|
|
|
|
|
|
|
| Issuance costs (in Dollars) |
|
|
|
|
$ 6,745
|
|
|
|
|
|
|
|
|
| Unit Purchase Agreement [Member] | Maximum [Member] |
|
|
|
|
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|
|
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|
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock, price per share |
10
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unit Purchase Agreement [Member] | Minimum [Member] |
|
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
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|
|
|
|
|
|
|
|
|
|
|
| Sale of stock, price per share |
$ 9
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unit Purchase Agreement [Member] | Class A Warrants [Member] |
|
|
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|
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants to purschase common stock (in Shares) |
|
|
|
|
7,495
|
|
|
|
|
|
|
|
|
| Unit Purchase Agreement [Member] | Class B Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants to purschase common stock (in Shares) |
|
|
|
|
7,495
|
|
|
|
|
|
|
|
|
| Unit Purchase Program [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock (in Shares) |
|
|
|
110,000
|
|
|
|
|
|
|
|
|
|
| Gross proceeds (in Dollars) |
|
|
|
$ 1,100,000
|
|
|
|
|
|
|
|
|
|
| Proceeds from promissory notes (in Dollars) |
|
|
|
$ 1,100,000
|
|
|
|
|
|
|
|
|
|
| Unit Purchase Program [Member] | Class A Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants to purschase common stock (in Shares) |
|
|
|
110,000
|
|
|
|
|
|
|
|
|
|
| Unit Purchase Program [Member] | Class B Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants to purschase common stock (in Shares) |
|
|
|
110,000
|
|
|
|
|
|
|
|
|
|
| December 2021 Exchange Agreements [Member] |
|
|
|
|
|
|
|
|
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|
|
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock (in Shares) |
|
|
2,428,572
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock, price per share |
|
|
$ 7
|
|
|
|
|
|
|
|
|
|
|
| Debt description |
|
|
Each Unit
is comprised of (i) a convertible promissory note convertible into common stock of the Company at an initial conversion price of $7.00
and, (ii) a warrant to purchase two shares of Common Stock at an initial purchase price of $9.00 per share (the new Class C Warrant).
|
|
|
|
|
|
|
|
|
|
|
| Investments (in Dollars) |
|
|
$ 6,000,000
|
|
|
|
|
|
|
|
|
|
|
| Exercise price |
|
|
$ 9
|
|
|
|
|
|
|
|
|
|
|
| Percentage of warrant coverage |
|
|
200.00%
|
|
|
|
|
|
|
|
|
|
|
| Total units (in Shares) |
|
|
|
|
|
|
|
|
155,272
|
|
|
|
|
| Aggregate pro-rata units (in Shares) |
|
|
|
|
|
|
208,006
|
|
208,006
|
|
|
|
|
| Fair value of the warrants (in Dollars) |
|
|
|
|
|
|
|
|
$ 3,461,042
|
|
$ 4,299,649
|
|
|
| Fair value of derivative liabilities (in Dollars) |
|
|
|
|
|
|
$ 1,938,379
|
|
$ 1,938,379
|
|
$ 2,485,346
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| December 2021 Exchange Agreements [Member] | Maximum [Member] |
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| Convertible Promissory Notes and Warrants (Details) [Line Items] |
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| Sale of stock, price per share |
|
|
$ 9
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| Debt conversion price per share |
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|
9
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|
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|
|
|
| December 2021 Exchange Agreements [Member] | Minimum [Member] |
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|
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|
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|
|
|
|
|
| Convertible Promissory Notes and Warrants (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sale of stock, price per share |
|
|
7
|
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|
|
|
|
|
|
|
|
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| Debt conversion price per share |
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|
$ 7
|
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