XML 92 R81.htm IDEA: XBRL DOCUMENT v3.24.3
Related Party Transactions (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Aug. 19, 2024
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Jan. 05, 2024
Mar. 30, 2023
Paid in cash interest         $ 102,691      
Outstanding indebtedness       $ 11,508   $ 13,008    
Note purchase agreement description         (1) the 2023 Notes until paid in full; (2) then to the 2022 Bridge Notes until paid in full; (3) then to the Delayed Draw Terms Notes until paid in full; and (4) then to the Senior Secured Notes. All borrowings under the Notes are collateralized by substantially all assets of the Company secured by liens and guaranteed by the Company’s subsidiaries. The Notes provide for a default interest rate equal to the rate of interest in effect at the time of default plus 4.0%, along with other provision for acceleration of the Notes under certain conditions. The Notes provided for certain affirmative covenants, including certain financial reporting obligations. On December 1, 2023, Renew purchased all of the notes held by B. Riley and assumed the role of agent under the Note Purchase Agreement, and also purchased all of the common stock held by B. Riley.      
Share value         $ 12,000      
Proceeds from issuance of private placement         $ 12,000    
B Riley [Member]                
Paid in cash interest       3,065   9,069    
Fee incurred       2,440   2,440    
Private Placement [Member]                
Shares outstanding percentage     54.30%   54.30%      
Direct Offering [Member] | B Riley [Member]                
Sale of stock, price per share   $ 3.88            
Living Essentials LLC [Member]                
Digital advertising revenue     $ 3,128   $ 4,290      
Due from accounts receivable     3,465   $ 3,465      
Common Stock [Member]                
Outstanding indebtedness       $ 18   $ 20    
Number of shares issued       1,774,128   1,981,128    
Issuance of common stock in connection with private placement, shares         5,555,555      
Share value         $ 56      
Common Stock [Member] | Direct Offering [Member] | B Riley [Member]                
Issuance of common stock in connection with private placement, shares   1,009,021            
Share value   $ 3,915            
Arena Loan Agreement [Member]                
Outstanding principal     110,691   110,691      
Incurred interest expense     2,827   8,423      
Accrued expenses and other accrued interest     11,220   11,220      
2023 Notes [Member]                
Outstanding principal     $ 8,000   $ 8,000      
Common Stock Purchase Agreement [Member] | Private Placement [Member]                
Shares outstanding percentage     71.40%   71.40%      
Common Stock Purchase Agreement [Member] | Common Stock [Member]                
Outstanding indebtedness $ 15,000              
Number of shares issued 17,797,817              
Simplify Loan [Member]                
Incurred interest expense     $ 189   $ 552      
Stock Purchase Agreements [Member]                
Proceeds from issuance of private placement   $ 1,232            
Stock Purchase Agreements [Member] | Purchasers [Member]                
Sale of stock, number of shares issued in transaction   317,518            
Per share   $ 3.88            
Stock Purchase Agreements [Member] | Direct Offering [Member]                
Proceeds from issuance of private placement   $ 11,144            
Stock Purchase Agreements [Member] | Direct Offering [Member] | Purchasers [Member]                
Sale of stock, price per share   $ 3.88            
Sale of stock, number of shares issued in transaction   2,963,918            
Proceeds from issuance of private placement   $ 11,500            
Stock Purchase Agreements [Member] | H Hunt Allred [Member]                
Issuance of common stock in connection with private placement, shares   64,000            
Share value   $ 248            
Stock Purchase Agreements [Member] | One Eighty Degree Capital Corp [Member]                
Issuance of common stock in connection with private placement, shares   195,529            
Share value   $ 759            
Stock Purchase Agreements [Member] | One Eighty Degree Capital Corp [Member] | Minimum [Member]                
Former beneficial holder               5.00%
Stock Purchase Agreements [Member] | Daniel Shribman [Member]                
Issuance of common stock in connection with private placement, shares   25,773            
Stock Purchase Agreements [Member] | Ross Levinsohn [Member]                
Issuance of common stock in connection with private placement, shares   25,773            
Share value   $ 100            
Stock Purchase Agreements [Member] | Paul Edmonson [Member]                
Issuance of common stock in connection with private placement, shares   6,443            
Share value   $ 25            
Renew Group Private Limited [Member]                
Outstanding principal             $ 2,797  
Allred Trust HHA [Member] | Stock Purchase Agreements [Member]                
Issuance of common stock in connection with private placement, shares   32,000            
Allred Trust NLA [Member] | Stock Purchase Agreements [Member]                
Issuance of common stock in connection with private placement, shares   32,000