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Fair Value of Financial Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Measurements of Embedded Derivative Liabilities and Warrant Liabilities | Financial liabilities consisting of warrant liabilities measured at fair value on a recurring basis are summarized below. The fair value of the warrant liabilities recorded are as follows:
|  | Fair value at December 31, 2022 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | 245,341 |  |  |  | — |  |  |  | — |  |  |  | 245,341 |
Total liabilities |  | $ | 245,341 |  |  | $ | — |  |  | $ | — |  |  | $ | 245,341 |
Schedule of Changes in Fair Value of the Derivative Liabilities and Warrant Liabilities | The table below provides a summary of the changes in fair value of the derivative liabilities related to Convertible notes using significant unobservable inputs (level 3):
|  | Year Ended December 31, |
Derivative liabilities: |  | 2022 |  |  | 2021 |
Balance, beginning of period |  | $ | — |  |  | $ | 127,000 |
Derivative liability on convertible notes payable |  |  | — |  |  |  | 2,821,000 |
Loss (Gain) on fair value of embedded features |  |  | — |  |  |  | 203,000 |
Extinguishment of derivative liability in connection with debt conversion |  |  | — |  |  |  | (3,151,000 | )
Balance, end of period |  | $ | — |  |  | $ | — |
The table below provides a summary of the changes in fair value of the warrant liabilities measured on a recurring basis using significant unobservable inputs (Level 3):
|  | Years Ended December 31, |
Warrant liabilities: |  | 2022 |  |  | 2021 |
Balance, beginning of period |  | $ | — |  |  | $ | 85,260 |
Warrant liability |  |  | 343,735 |  |  |  | 320,460 |
(Gain) loss on fair value of warrant liability |  |  | (98,394 | ) |  |  | 1,546,280 |
Reclassification of warrant liability to equity |  |  | — |  |  |  | (1,952,000 | )
Balance, end of period |  | $ | 245,341 |  |  | $ | — |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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