XML 53 R40.htm IDEA: XBRL DOCUMENT v3.23.3
LONG-TERM DEBT (Details Narrative) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 26, 2023
Jun. 30, 2023
Mar. 21, 2023
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Line of Credit Facility [Line Items]              
Amortization of debt discount premium       $ 80,000   $ 233,495
Avenue [Member]              
Line of Credit Facility [Line Items]              
Warrant to purchase stock     $ 1,200,000        
Exercise price     $ 1.24        
Fair value of warrants   $ 873,000          
Debt conversion amount     $ 2,000,000        
Conversion price per share     $ 1.49        
Avenue Facility [Member]              
Line of Credit Facility [Line Items]              
Credit facility     $ 40,000,000 2,000,000   2,000,000  
Line of credit $ 5,000,000   15,000,000        
Line of credit     20,000,000        
Warrant to purchase stock     $ 1,200,000        
Exercise price     $ 1.24        
Debt instrument description     The Company incurred other fees associated with the Avenue Facility including: (1) a $300 thousand financing fee, (2) a $200 thousand upfront commitment fee of 1% of the total $20 million in committed capital and (3) $27 thousand in legal fees. The total debt discount recorded of $1.4 million will be amortized over a forty-two-month period.        
Proceeds from issuance costs           15,000,000.0  
Proceeds from issuance costs           12,300,000  
Repayments of Long-Term Debt           $ 2,000,000  
Line of Credit Facility, Expiration Date     Oct. 01, 2026        
Debt Instrument, Interest Rate Terms           interest is based on the greater of: (1) the Prime Rate (as defined in the Supplement) plus 4.75% and (2) 12.5%. At September 30, 2023, the interest rate was 13.25%. Payments are interest only until November 2024.  
Debt instrument, face amount     $ 20,000,000        
Interest expense, debt       $ 594 $ 0 $ 1,300,000 $ 0
Avenue Facility [Member] | Series B Preferred Stock [Member]              
Line of Credit Facility [Line Items]              
Liqudation value     $ 5,000,000        
Avenue First Amendment Credit Agreement [Member]              
Line of Credit Facility [Line Items]              
Line of credit $ 5,000,000            
Proceeds from issuance costs           $ 5,000,000.0