XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.23.1

Warrant Liability | 3 Months Ended
--- | ---
Mar. 31, 2023
Warrant Liability |
Warrant Liability | 14. Warrant Liability On September 2, 2021, March 11, 2021, February 3, 2021, December 24, 2020, March 18, 2020, September 10, 2019, and November 6, 2019, the Company issued 22,019, 34,286, 7,429, 7,286, 44,286, 35,715 and 114,286 warrants, respectively, as equity issuance consideration, in connection with a private placement of the Company’s common stock. The warrants entitle the holder to purchase one share of our common stock at an exercise price equal to $0.49 to $5.25 per share at any time on or after their issuance date and on or prior to the close of business 3 years after the issuance date (the “Termination Date”). The Company determined that these warrants are free standing financial instruments that are legally detachable and separately exercisable from the common stock included in the public share offering. Management also determined that the warrants required classification as a liability pursuant to ASC 815. In accordance with the accounting guidance, the outstanding warrants are recognized as a warrant liability on the balance sheet and are measured at their inception date fair value and subsequently re-measured at each reporting period with changes being recorded as a component of other income in the statement of operations. The warrants outstanding and fair values at each of the respective valuation dates are summarized below: Schedule of Warrant Liability
Warrant Liability |  | Warrants Outstanding |  |  | Fair Value per Share |  |  | Fair Value |
Fair value as of year ended 12/31/2022 |  |  | 265,305 |  |  |  |  |  |  | $ | 242 |
Exercise of warrants |  |  | (30,430 | ) |  |  |  |  |  |  | (54 | )
Change in fair value of warrant liability |  |  | - |  |  |  |  |  |  |  | (12 | )
Fair value as of year ended 3/31/2023 |  |  | 234,875 |  |  |  |  |  |  | $ | 176 |
The warrant liabilities are considered Level 3 liabilities on the fair value hierarchy as the determination of fair value includes various assumptions about of future activities and the Company’s stock prices and historical volatility of Guideline Public Companies as inputs.

X
- References No definition available. + Details
Name: | NXGL_DisclosureWarrantLiabilityAbstract
Namespace Prefix: | NXGL_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Warrants Liability Disclosure [Text Block] + References No definition available. + Details
Name: | NXGL_WarrantsLiabilityDisclosureTextBlock
Namespace Prefix: | NXGL_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration