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SENIOR SECURED CONVERTIBLE NOTE, RELATED PARTY (Tables) | 12 Months Ended
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Dec. 31, 2023
Senior Secured Convertible Note Related Party |
Schedule of senior secured convertible promissory note assumptions |
Schedule of senior secured convertible promissory note assumptions |  |  |
Senior secured convertible promissory note |  | Amounts |
Principal outstanding at valuation date |  | $17.5 million |
Volatility |  | 80% |
Interest rate |  | 10.0% |
Risk-free interest rate range |  | 4.7% to 5.6% |
Estimated yield |  | 19.5% to 21.0% |
Schedule of convertible note |
Schedule of convertible note |  |
Contractual term in years |  | 5.0
Volatility |  | 167.3%
Dividend yield |  | 0%
Risk-free interest rate |  | 4.7%
Schedule of senior secured convertible promissory note |
Schedule of senior secured convertible promissory note |  |  |  |
Senior secured convertible promissory note |  | Total |
Balance as of December 31, 2022 |  | $ | - |
Exchange of loan agreement with Ault & Company |  |  | 4,625,000 |
Ault & Company note from exchange of 12% demand promissory note |  |  | 1,100,000 |
Ault & Company note from exchange of 10% demand promissory note |  |  | 10,545,000 |
Exchange of Series B convertible preferred stock |  |  | 1,250,000 |
Cash payments of senior secured convertible promissory note |  |  | (150,000 | )
Payment from issuance of Series C preferred stock |  |  | (17,370,000 | )
Balance as of December 31, 2023 |  | $ | - |

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