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Warrants (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Warrants [Abstract]

Schedule of Changes in Warrants Outstanding

The following table summarizes the activity to warrants outstanding:

		Number of Warrants
Beginning balance as of January 1, 2023		6,212,026
Granted		150,000,000
Exercised		(1,380,000	)
Expired		(1,224	)
Exchanged		(984,542	)
Ending balance as of June 30, 2023		153,846,260
Exercisable as of June 30, 2023		153,846,260

The following table summarizes the changes in warrants outstanding during the years ended December 31, 2022 and 2021:

		Number of Warrants			Weighted Average Exercise Price			Aggregate Intrinsic Value (in thousands)
Exercisable at January 1, 2021		107,910			$	502.50		$	—
Granted		1,597,469				87.00			—
Exercised		(419,951	)			9.00			—
Expired		—				—			—
Cancelled		—				—			—
Outstanding at December 31, 2021		1,285,428			$	147.75		$	—
Granted		7,660,859			$	9.88			—
Exercised		(1,115,143	)			150.00			—
Expired		(28	)			2,082,857.14			—
Cancelled		(1,619,090	)			75.45			—
Outstanding at December 31, 2022		6,212,026			$	19.56		$	1,530
Exercisable at December 31, 2021		1,285,428			$	147.75			—
Exercisable at December 31, 2022		6,212,026			$	19.56			1,530

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- References

No definition available.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

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