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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events  
Subsequent Events 22. Subsequent Events

 

The Company has evaluated subsequent events through May 15, 2024, the date the March 31, 2024 condensed consolidated financial statements were available to be issued, and except as disclosed below, no other events require adjustment of, or disclosure in, the condensed consolidated financial statements.

 

Convertible Notes Issued

 

In April and May, 2024, the Company issued convertible notes in the principal amount of $1.5 million to limited partners of CEF, which resulted in a reduction of $1.5 million in the principal amount of the related party notes to CEF, and in April 2024, entered into an agreement with a convertible noteholder to redeem one convertible note with a principal balance of $500,000 for a cash payment of $350,000.  See Note 12.