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Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt [Abstract]

Schedule of Bridge Notes and Related Party Notes

Significant terms of the Bridge Notes and Related Party Notes are summarized as follows:

		2022 Bridge Notes				Related Party Notes				2023 Bridge Notes
Issuance date of promissory notes			May 2022				May 2022				May 2023
Maturity date of promissory notes			1				1				2
Interest rate			10%				6%				10%
Default interest rate			15%				15%				15%
Collateral			Unsecured				Unsecured				Unsecured
Conversion rate			3				3				3

Schedule of Reconciliation of the Beginning and Ending Balances for the Convertible Knight Note

A reconciliation of the beginning and ending balances for the Convertible Knight Note, which is measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the three and six months ended June 30, 2023:

		Convertible Knight Note, at fair value
Promissory Notes, at fair value at December 31, 2022		$	-
Fair value at modification date - January 9, 2023			21,520,650
Fair value - mark to market adjustment			(339,052	)
Accrued interest recognized			634,243
Promissory Notes, at fair value at March 31, 2023			21,815,841

Fair value - mark to market adjustment			1,064,849
Accrued interest recognized			659,306
Promissory Notes, at fair value at June 30, 2023		$	23,539,996

Schedule of the Current Future Payment Obligations

The current future payment obligations of the principal are as follows:

Period		Principal Payments
2024 (remaining six months)		$	-
2025			-
2026			683
2027			3,228
2028			3,342
Thereafter			142,747
Total		$	150,000

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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