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v3.23.1

NOTES PAYABLE (Details Narrative) - USD ($) |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | ---
Oct. 14, 2022 | Aug. 10, 2022 | Dec. 16, 2022 | Nov. 18, 2022 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Nov. 07, 2022 | Dec. 30, 2021
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Amortization of debt discount |  |  |  |  |  | $ 30,000,000.0 | $ 7,300,000 |  |
Repayments of Secured Debt |  |  |  |  | $ 66,000,000 |  |  |  |
Amortization of Debt Discount (Premium) |  |  |  |  | $ 26,300,000 | $ 29,972,000 | $ 1,076,000 |  |
Notes [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Interest rate |  |  | 16.00% |  |  |  |  |  |
Principal amount |  |  | $ 17,500,000 |  |  |  |  |  |
Maturity date description |  |  | The maturity date of the Notes is March 16, 2023, although if the Company repays at least $14.3 million of principal payment on or before the maturity date, the Company may extend the maturity date by forty-five (45) days by paying a fee of 10% of the outstanding balance owed on the Notes as of the original maturity date. The Notes contain standard and customary events of default including, but not limited to, failure to make payments when due under the Notes, failure to comply with certain covenants contained in the Notes, or bankruptcy or insolvency of the Company. The Company may prepay any or all outstanding principal and accrued and unpaid interest at any time without penalty. The purchase price for the Notes was $16.1 million, of which $13.3 million was paid in cash, $1.8 million was a non-accountable expense allowance and $1.0 million was the forgiveness of cash owed to the Subsequent Investor for cashless exercise of warrants previously issued to the Subsequent Investor. |  |  |  |  |  |
Secured Debt Financing [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Interest rate |  |  |  |  |  |  |  | 8.50% |
Principal amount |  |  |  |  |  |  |  | $ 18,900 |
Cash |  |  |  |  |  |  |  | $ 1,500,000 |
Securities Purchase Agreement [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Principal amount |  | $ 11,000,000.0 |  |  |  |  |  |  |
Debt issuance costs |  | 10,000.0 |  |  |  |  |  |  |
Purchace price |  | 10,000,000 |  |  |  |  |  |  |
Mining equipment |  | $ 23,100,000 |  |  |  |  |  |  |
Securities Purchase Agreement [Member] | Fifth Third Bank [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Maturity date description | The Credit Agreement provides for a three-year secured revolving credit facility in an aggregate principal amount of up to $15.0 million decreased to $7.5 million during the period of January 1 through July 31 of each year. The Credit Agreement matures on October 14, 2025. |  |  |  |  |  |  |  |
Securities Purchase Agreement [Member] | Promissory Note [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Interest rate |  |  |  |  |  | 10.00% |  |  | 8.00%
Principal amount |  |  | $ 14,700,000 |  |  | $ 1,000,000.0 |  |  | $ 66,000,000
Percentage of original issue discount |  | 10.00% |  |  |  |  |  |  | 10.00%
Maturity date description |  |  |  |  |  | The maturity date of the secured promissory notes is August 10, 2023. The Company is required to make monthly payment (principal and interest) of $1.0 million on the tenth calendar day of each month, starting in September 2022. Provided that the Company makes the first six monthly payments in full and on a timely basis, after six months, the Company may elect to pay a forbearance fee of $0.3 million in lieu of a monthly payment, which would extend the maturity date of the related secured promissory notes by one month for each forbearance. The Company may not elect forbearance in consecutive months. |  |  |
Securities Purchase Agreement [Member] | Promissory Note [Member] | Common Class B [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Number of shares issued (in shares) | shares |  |  |  |  |  | 1,942,508 |  |  |
Excercise price (in dollar per shares) | $ / shares |  |  |  |  |  | $ 2.50 |  |  |
Securities Purchase Agreement [Member] | Promissory Note [Member] | Warrant [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Number of shares issued (in shares) | shares |  |  |  |  |  | 14,095,350 |  |  |
Excercise price (in dollar per shares) | $ / shares |  |  |  |  |  | $ 2.50 |  |  |
Securities Purchase Agreement [Member] | B N I Subsidiary [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Interest rate |  |  |  | 3.00% |  |  |  |  |
Principal amount |  |  |  | $ 8,181,819,000 |  |  |  |  |
Purchace price |  |  |  | $ 8,200,000 |  |  |  |  |
Maturity date description |  |  |  | The maturity date of the secured promissory notes is May 18, 2023. When the Company sells the Collateral, the Company is required to make a payment towards the secured promissory notes equal to 45% of the realized gains. After the secured promissory notes have been repaid in full and until all of the Collateral is sold, when the Company sells any remaining Collateral, the Company is required to give the investors a profits participation interest equal to 45% of the realized gains. |  |  |  |  |
Collaborative Arrangement [Member] | Construction Loan Payable [Member] |  |  |  |  |  |  |  |  |
Short-Term Debt [Line Items] |  |  |  |  |  |  |  |  |
Construction loan |  |  |  |  |  | $ 62,400,000 |  |  |
Desciption of loan agreement |  |  |  |  |  | The loans accrue interest at a rate equal to the greater of (i) the LIBOR Rate plus 675 basis points or (ii) 7% per annum. |  |  |

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