Convertible Notes Payable – Short Term (Details) |
1 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|
Jun. 13, 2022 |
Apr. 20, 2022
shares
|
Dec. 30, 2021 |
Dec. 21, 2021
USD ($)
|
Apr. 21, 2020
USD ($)
$ / shares
shares
|
Dec. 31, 2019
USD ($)
shares
|
Sep. 30, 2022
USD ($)
|
Dec. 31, 2022
USD ($)
$ / shares
$ / item
shares
|
Dec. 31, 2021
USD ($)
|
|
Convertible Notes Payable – Short Term (Details) [Line Items] | |||||||||
Accrued interest | $ 4,328,407 | ||||||||
Principal amount | $ 900,000 | $ 2,000,000 | |||||||
Conversion price (in Dollars per share) | $ / shares | $ 23.8 | ||||||||
Price per share percentage | 80.00% | ||||||||
Ownership limitation percentage | 9.99% | ||||||||
Outstanding balance percentage | 130.00% | ||||||||
Lowest trade percentage | 65.00% | ||||||||
Exercise price per share (in Dollars per Item) | $ / item | 106.25 | ||||||||
Warrant term | 5 years | ||||||||
Principle amount | $ 125,000 | ||||||||
Warrant purchase shares (in Shares) | shares | 8,824 | ||||||||
Warrant exercise price per share (in Dollars per share) | $ / shares | $ 102 | ||||||||
Securities purchase agreement description | On June 13, 2022, the Company consummated the first closing of a private placement offering whereby the Company entered into a Securities Purchase Agreement (SPA), dated as of June 13, 2022 with thirteen accredited investors, pursuant to which the investors purchased from the Company, for an aggregate purchase price of $5,110,000, (i) 10% Original Issue Discount Senior Secured Convertible Debentures (the “2022 Notes”), in the principal amount of $5,659,500 and (ii) 222,311 warrants to purchase shares of common stock of the Company at the same price as the debt conversion price. In addition, 23,713 warrants were issued to the book-runner of this offering (together with the 222,311 investor warrants – the “2022 warrants”). The 2022 Notes mature on June 13, 2023 and bear interest at an annual rate of 10%. | ||||||||
Debt discount (in Shares) | shares | 4,470,289 | ||||||||
Interest expense | $ 1,501,409 | ||||||||
Discount amount | 2,968,880 | ||||||||
Gross proceeds | $ 5,000,000 | ||||||||
Lower per share (in Dollars per share) | $ / shares | $ 21.25 | ||||||||
Voluntary conversion percentage | 75.00% | ||||||||
Original investment amount | 10.00% | ||||||||
Debt assumed | $ 1,540,508 | ||||||||
Investor amount | 2,950,000 | ||||||||
Net proceeds | $ 2,850,000 | ||||||||
Debt discount amount | $ 83,364 | ||||||||
Warrant share amount description | Each holder of the 2021 Notes, provided that the note is still then outstanding, will be issued, on the earlier of (i) the date, if any, upon which the Company’s common stock is listed for trading on the NASDAQ stock exchange (the “Uplist”), and (ii) the date that is eighteen months from the date of issuance, a warrant to purchase an amount of shares of the Company’s common stock, equal to such holder’s Warrant Share Amount. For purposes of the foregoing, a holder’s “Warrant Share Amount” means (i) if such Warrant is issued in connection with the Uplist, one half of the initial principal balance of such Holder’s Note at issuance divided by the lesser of (A) $34.0, and (B) and the greater of (x) $17.0 and (y) one hundred twenty percent (120%) of the closing price for the Company’s common stock on the trading day prior to the date of the Uplist, and (ii) if such Warrant is issued otherwise than in connection with the Uplist, the initial principal balance of such Holder’s Note, divided by the lesser of (A) $34.0, and (B) and the greater of (x) $17.0 and (y) one hundred twenty percent (120%) of the volume weighted average price (“VWAP”) for the Company’s common stock over the five consecutive trading days immediately preceding the date that is eighteen months from the date of issuance. The 2021 Notes contain mandatory and voluntary conversion features as detailed in the agreement. | ||||||||
Notes principal outstanding | $ 9,718,915 | ||||||||
Accrued interest percentage | 10.00% | ||||||||
Original investment percentage | 50.00% | ||||||||
Exercise price per share | $ 21.25 | ||||||||
Common Stock [Member] | |||||||||
Convertible Notes Payable – Short Term (Details) [Line Items] | |||||||||
Ownership limitation percentage | 4.99% | ||||||||
Shares issued (in Shares) | shares | 3,380 | ||||||||
Voluntary Conversion [Member] | |||||||||
Convertible Notes Payable – Short Term (Details) [Line Items] | |||||||||
Warrant term | 4 years | ||||||||
Assumed convertible debt [Member] | |||||||||
Convertible Notes Payable – Short Term (Details) [Line Items] | |||||||||
Outstanding convertible debt | $ 891,133 | ||||||||
Convertible notes payable amount paid | 574,133 | ||||||||
Increasing debt | 20,000 | ||||||||
Convertible debt | 337,000 | ||||||||
Converted notes | 250,000 | ||||||||
Accrued interest | 33,000 | ||||||||
Agreement paid | 60,000 | ||||||||
Principal amount | 60,000 | ||||||||
2019 Note [Member] | |||||||||
Convertible Notes Payable – Short Term (Details) [Line Items] | |||||||||
Accrued interest | 33,000 | ||||||||
Original principal amount | $ 275,000 | ||||||||
Purchase of common stock (in Shares) | shares | 1,176 | ||||||||
Interest charged percentage | 8.00% | ||||||||
Long term debt, description | On December 30, 2021, the Company signed an allonge amending the Note extending the maturity date to April 30, 2022 and amending the outstanding balance and payment schedule to provide for two equal payments of $60,000 on March 31, 2022 and April 30, 2022. On March 31, 2022 the Company signed an allonge amending the Note, extending the maturity date to December 31, 2022 and amended the outstanding balance and payment schedule to provide for seven monthly payments of $10,000 plus interest at the rate of 14% per annum. The first monthly payment is payable on June 30, 2022. A final payment of $50,000 plus interest is due upon maturity. | ||||||||
Paid principal amount | 60,000 | ||||||||
Balance amount | $ 60,000 | ||||||||
Convertible Grid Notes [Member] | |||||||||
Convertible Notes Payable – Short Term (Details) [Line Items] | |||||||||
Accrued interest | 28,032 | ||||||||
Principle amount | $ 125,000 | ||||||||
Warrant purchase shares (in Shares) | shares | 8,824 | ||||||||
Exercise price (in Dollars per share) | $ / shares | $ 68 | ||||||||
Warrant exercise price per share (in Dollars per share) | $ / shares | $ 68 | ||||||||
Debt interest rate | 12% | ||||||||
Outstanding principal balance | $ 250,000 |