XML 84 R70.htm IDEA: XBRL DOCUMENT v3.23.2
Unsecured Convertible Notes (Details) - USD ($)
1 Months Ended 12 Months Ended
Feb. 05, 2020
Jul. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Feb. 28, 2023
Feb. 03, 2023
Aug. 11, 2021
Unsecured Convertible Notes (Details) [Line Items]              
Interest expense     $ 600,000 $ 500,000      
Unsecured convertible notes related party, description     The first Trinad Note was issued on February 21, 2017, to convert aggregate principal and interest of $3.6 million under the first senior promissory note and second senior promissory note with Trinad Capital previously issued on March 31, 2014 and April 8, 2015, respectively. The first Trinad Note was due on March 31, 2018 and was extended to May 31, 2023 (as discussed below). At March 31, 2023, the balance due of $5.9 million, which included $1.4 million of accrued interest, was outstanding under the first Trinad Note. At March 31, 2022, the balance due of $5.9 million, which included $1.4 million of accrued interest, was outstanding under the first Trinad Note.Between October 27, 2017 and December 18, 2017, the Company issued six unsecured convertible notes payable to Trinad Capital for aggregate total principal amount of $1.1 million. The notes were due on various dates through March 31, 2018 and were extended to May 31, 2023 (as discussed below). As of March 31, 2023 and 2022, $0.3 million and $0.3 million of accrued interest was included in the principal balance, respectively. the Company had outstanding 8.5% unsecured convertible notes payable (the “Trinad Notes”) issued to Trinad Capital Master Fund Ltd. (“Trinad Capital”), a fund controlled by Mr. Ellin, the Company’s Chief Executive Officer, Chairman, director and principal stockholder, as discussed below. The Trinad Notes are convertible into shares of the Company’s common stock at a fixed conversion price of $3.00 per share.      
Shares issued (in Shares)   500,000   1,155,143     33,654
Loss on extinguishment of debt     $ (1,034,000) $ (4,321,000)      
Additional paid in capital     $ 4,200,000        
Value of the derivative   $ 200,000          
Price per share (in Dollars per share)   $ 0.71   $ 2.1   $ 2.1  
Exercise price (in Dollars per share)   $ 3          
Expected volatility   84.80%          
Expected dividend yield   $ 0          
Annual risk-free interest rate   4.09%          
Unsecured convertible promissory note, description React Presents issued a two-year $2 million Convertible Promissory Note (the “Note”), bearing annual interest at 8%. The purpose of the Note was to fund the acquisition of React Presents. All unpaid and outstanding principal and any unpaid and accrued interest was due on February 5, 2022. At issuance, the Note was convertible by the holder at any time prior to maturity in part or in whole with the unpaid interest and principal convertible at a conversion price equal to $4.50 per share of the Company’s common stock, subject to certain protective adjustments. The Note may be prepaid in whole or in part in cash without penalty at any time prior to maturity. Any such prepayment will be applied to accrued interest first and then the principal.            
Other income expense       $ 800,000      
Preferred stock, shares issued     16,177 0      
Preferred stock par value (in Dollars per share)     $ 0.001 $ 0.001      
Common stock, issued     89,632,161 82,546,189      
Maximum period for filing registration statement     45 days        
Maximum period for declaring registration statement effective     60 days        
Maximum period for SEC to comment On Registration Statement     120 days        
Series A Preferred Stock [Member]              
Unsecured Convertible Notes (Details) [Line Items]              
Preferred stock, shares issued           21,177  
Preferred stock, no par value           $ 0.001  
Preferred stock par value (in Dollars per share)           $ 1,000  
Harvest Shares [Member]              
Unsecured Convertible Notes (Details) [Line Items]              
Common stock, issued     625,000        
Harvest Small Cap Partners Master Ltd [Member]              
Unsecured Convertible Notes (Details) [Line Items]              
Annual risk-free interest rate           8.50%  
Aggregate principal amount           $ 10,503,965  
Harvest Small Cap Partners, L.P. (“HSCP”)              
Unsecured Convertible Notes (Details) [Line Items]              
Annual risk-free interest rate           8.50%  
Aggregate principal amount           $ 4,496,035  
Trinad Capital [Member]              
Unsecured Convertible Notes (Details) [Line Items]              
Aggregate principal amount           $ 6,177,218  
Common stock, issued     200,000        
Trinad Capital [Member] | Series A Preferred Stock [Member]              
Unsecured Convertible Notes (Details) [Line Items]              
Preferred stock, shares issued         6,177    
Unsecured Debt [Member] | Trinad Capital [Member]              
Unsecured Convertible Notes (Details) [Line Items]              
Loss on extinguishment of related party debt was capitalized     $ 500,000