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Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Senior Secured Convertible Notes (the "2020 Notes") [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of reconciliation of fair values
2020 Notes



Ending fair value balance - December 31, 2020

 

$

13,398,000

 

Principal payments in cash and Common Stock

(15,172,727)
Change in fair value reported in the statements of operations

2,030,904
Change in fair value reported in other comprehensive income

(70,000)
Gain on extinguishment of debt reported in the statement of operations

(186,177)
Ending fair value balance - October 5, 2021
$
Senior Convertible Notes [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of reconciliation of fair values
Senior Convertible Notes



Beginning fair value balance on October 5, 2021

 

$

18,000,000

 

Principal payments in cash and Common Stock

Change in fair value reported in the statements of operations

(665,000)
Change in fair value reported in other comprehensive income 

(30,000)
Ending fair value balance - December 31, 2021
$17,305,000
Principal payments in cash and Common Stock

(5,337,273)
Change in fair value reported in the statements of operations

2,884,273
Change in fair value reported in other comprehensive income 

(245,000)
Ending fair value balance - December 31, 2022
$14,607,000
Schedule of fair value by using key inputs






As of December 31,

Fair Value Assumptions - Senior Convertible Notes


2022

 


2021

 

Face value principal payable


$14,662,727

  


$

20,000,000

  

Conversion prices, as adjusted for the Reverse Stock Split and certain securities offerings


$4.75

 


$

4.05

 

Value of Common Stock on measurement date


$0.69

 


$

1.75

 

Expected term (years)



1.8

 


 

2.8

 

Volatility



77

%


 

75

%

Market yield (range)



44.3 to 43.9

%


 

37.1 to 0

%

Risk free rate



4.4

 %


 

1.0

%

Issue date

October 5, 2021


October 5, 2021
Maturity date

October 5, 2024


October 5, 2024
Private Warrants [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of reconciliation of fair values


As of December 31,

Fair Value Assumptions - Private Warrants

 

2022

 

 

2021

 

Number of Private Warrants

  


225,635

  

  


225,635

  

Exercise price, as adjusted for the Reverse Stock Split

 

$

230.00

 

 

$

230.00

 

Value of Common Stock on measurement date

 

$

0.69

 

 

$

1.75

 

Expected term (years)

 

 

1.46

 

 

 

2.46

 

Volatility

 

 

NM


 

 

85.8

%

Risk free rate

 

 

NM


 

 

0.8

%


Fair Value Measurement – 2022 Unit Offering Common and Underwriter Warrants 
Schedule of fair value by using key inputs

Year Ended December 31,

2022

2021

Fair value balance at beginning of period

$

63,178



$311,376

Change in fair value reported in the statements of operations

 

(63,178

)

(248,198)

Fair value balance at end of period

$



$63,178
2022 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 as adjusted for the Reverse Stock Split$4.60
Expected term (years)
5.0
Volatility
136.9%