XML 82 R68.htm IDEA: XBRL DOCUMENT v3.23.2
Loans Payable (Details Narrative) - USD ($)
 1 Months Ended 12 Months Ended
May 09, 2023
Feb. 07, 2023
Jan. 12, 2023
May 31, 2023
Sep. 30, 2021
Dec. 31, 2020
Jun. 30, 2023
Jun. 30, 2022
Feb. 26, 2022
Feb. 07, 2021
Feb. 26, 2019
Cash, cash equivalents and restricted cash             25.00%        
Offering price             $ 75,800,000        
A common stock offering price             25,200,000        
Offering price, decreasing             $ 50,600,000        
Security interest amount $ 2,457,000                    
Common stock, par value             $ 0.01 $ 0.01      
Interest expense             $ 283,266 $ 229,475      
May 11, 2022 [Member] | Third Agreement [Member]                      
Amendment Description         an amended maturity date of April 15, 2024 with respect to the Term Loan (as defined in the Amended Loan Agreement); and (ii) an amended exit fee equal to (a) 2% of the outstanding principal balance of the Term Loan on September 30, 2022, (b) 1% of the outstanding principal balance on December 31, 2022, (c) 1% of the outstanding principal balance on March 31, 2023, and (d) 4% of the outstanding principal balance on April 15, 2024 (to the extent the Term Loan is still outstanding on the respective dates and has not been refinanced with another lender).            
November 5, 2021 [Member] | Second Letter Agreement [Member]                      
Fees Payable       $ 50,000              
Fee Percentage       4.00%              
BankUnited [Member]                      
Revolving Line Maximum Credit Limit                     $ 2,000,000
Term Loan                     5,813,500
Non Revolving Maximum Credit Limit                     $ 10,000,000
Interest Rate On Borrowing             4.00%        
BankUnited Revolving Line [Member]                      
Revolving Line Maximum Credit Limit                 $ 2,000,000    
Equipment Loan                      
Interest Rate On Borrowing       2.84%     6.75%        
Installment Term       48 months 52 months 60 months          
Advances       $ 141,245 $ 267,000 $ 275,000          
Fourth Amendement Loan Agreement [Member] | December 31 2023t [Member]                      
Interest Rate On Borrowing             3.30%     1.00%  
Principal reduction payment   $ 1,000,000                  
Monthly loan amount payable   75,000                  
Fee Paid   $ 100,000                  
Fifth Amendement Loan Agreement [Member]                      
Security interest amount $ 2,457,000                    
Purchase Agreement [Member]                      
Public offering value     $ 9,090,910,000,000                
Common stock, par value     $ 0.01                
Purchase price     $ 1.10                
Net proceeds     $ 9,200,000                
BankUnited Term Loan                      
Term Loan             $ 5,813,500        
Maturity date             Dec. 31, 2024        
Interest Rate On Borrowing             4.00%       2.75%
Monthly loan amount payable             $ 75,000        
Term Loan Tenure             5 years        
Equal Monthly Principal Payment             $ 48,446        
Late payment fee             8.25%        
Increase in monthly payment             $ 100,000       $ 100,000
Fixed Charge Coverage Ratio             fixed charge coverage ratio of 1.25 to 1.00 and a total leverage ratio of 4.00 to 1.00        
Interest expense             $ 59,000 $ 52,000