XML 50 R39.htm IDEA: XBRL DOCUMENT v3.22.4
Note Purchase Agreement (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 09, 2022
Apr. 19, 2022
Dec. 14, 2021
Sep. 30, 2022
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Contingent stock liability         $ 677,000
Contingent warrants liability         $ 585,000
Common stock, shares issued       9,207,415 9,207,415   5,187,062 5,187,062
Fair value adjustment of warrants         $ 228,655      
Exercise price $ 5.32           $ 4.38  
Warrant liability       $ 3,101,102 3,101,102    
Note Warrant [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Fair value adjustment of warrants       $ 16,870 $ 75,295      
Exercise price         $ 4.25      
Note Purchase Agreement [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Interest rate       8.00% 8.00%   8.00%  
Contingent stock liability     $ 677,000          
Contingent warrants liability     585,000          
Allocation of debt issuance cost to contingent stock and contingent warrants     124,460          
Contingent stock and warrant liabilities description             The Contingent Stock and Contingent Warrant liabilities were measured at FMV on the date of issuance (based on the Black-Scholes valuation model). In estimating the fair value of the Contingent Stock and Warrants at the inception date and December 31, 2021, the Company estimated the probability of a Consummated Offering of 80% and a probability of the note held to maturity of 15%.  
Notes payable       $ 665,000 $ 665,000   $ 665,000  
Debt discount       1,335,000 1,335,000   1,335,000  
Interest expense         39,111 8,000  
Accreted interest       1,299,895 1,299,895 35,000  
Notes payable         2,000,000      
Common stock, shares issued   235,295            
Fair value adjustment of warrants   $ 496,000            
Note Purchase Agreement [Member] | Note Warrant [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Fair value adjustment of warrants         $ 502,648      
Contingent warrant         235,295      
Exercise price         $ 4.25      
Warrant liability       $ 82,352 $ 82,352   $ 585,000  
Note Purchase Agreement [Member] | Unrelated Third Party Purchasers [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Debt instrument face amount     $ 2,000,000          
Interest rate     8.00%          
Debt description     As additional consideration to the Purchasers for providing the financing, the Company also agreed to a) issue each Purchaser a number of shares of the Company’s Common Stock equal to 50% of the original principal amount each Purchaser’s Note (the “Contingent Stock”) and b) issue each Purchaser a number of warrants, which would allow the Purchasers to purchase additional shares of the Company’s Common Stock, equal to 50% of the original principal amount each Purchaser’s Note          
Debt issuance costs     $ 197,500          
Contingent warrants term     5 years