Organization and Description of Business (Details Narrative)
|
|
|
|
|
|
|
|
|
|
3 Months Ended |
12 Months Ended |
|
|
|
|
|
|
Jul. 25, 2024
USD ($)
shares
|
Jul. 17, 2024
USD ($)
|
May 20, 2024
$ / shares
shares
|
May 14, 2024
USD ($)
|
Apr. 05, 2024
USD ($)
$ / shares
|
Mar. 31, 2024
USD ($)
|
Feb. 14, 2024
shares
|
Feb. 13, 2024
shares
|
Feb. 21, 2023
USD ($)
$ / shares
shares
|
Mar. 31, 2025
USD ($)
$ / shares
shares
|
Mar. 31, 2024
USD ($)
|
Dec. 31, 2024
USD ($)
$ / shares
shares
|
Apr. 11, 2025
$ / shares
|
Jul. 24, 2024
$ / shares
shares
|
Jun. 17, 2024
shares
|
Mar. 04, 2024
$ / shares
|
Dec. 31, 2023
USD ($)
|
Feb. 28, 2023
$ / shares
shares
|
Common stock, par value |
|
|
|
|
|
|
|
|
|
$ 0.001
|
|
$ 0.001
|
|
$ 0.001
|
|
$ 0.001
|
|
|
Reverse stock split |
|
|
|
|
|
|
1-for-30 reverse stock split
|
|
|
|
|
|
|
|
|
|
|
|
Common stock issued | shares |
|
|
|
|
|
|
16,666,666
|
500,000,000
|
|
|
|
|
|
|
|
|
|
|
Common stock, shares authorized | shares |
250,000,000
|
|
|
|
|
|
66,666,666
|
550,000,000
|
|
250,000,000
|
|
250,000,000
|
|
16,666,666
|
|
|
|
|
Preferred stock, par value |
|
|
|
|
|
|
|
|
|
$ 0.001
|
|
$ 0.001
|
|
|
|
|
|
|
Issuance of preferred shares | $ |
|
$ 5,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends | $ |
|
|
|
|
|
|
|
|
|
$ 454,631
|
$ 1,201,867
|
|
|
|
|
|
|
|
Derivative fair value | $ |
|
|
|
|
|
|
|
|
$ 3,149,800
|
0
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
6.8
|
|
|
|
|
|
|
|
|
|
Stock issuance costs | $ |
|
|
|
|
|
|
|
|
|
314,311
|
|
|
|
|
|
|
|
|
Change in fair value of derivatives liabilities | $ |
|
|
|
|
|
|
|
|
|
$ 1,284,000
|
61,000
|
|
|
|
|
|
|
|
Probability of default |
|
|
|
|
|
|
|
|
|
2.5
|
|
|
|
|
|
|
|
|
Issuance of warrants | $ |
|
|
|
|
|
|
|
|
|
$ 762,834
|
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
|
|
|
|
|
|
|
|
|
|
7,094,000
|
|
|
|
|
|
|
|
Preferred stock dividends | $ |
|
|
|
|
|
|
|
|
|
119,152
|
0
|
|
|
|
|
|
|
|
Derivative liability, current | $ |
|
|
|
|
|
|
|
|
|
$ 19,000
|
|
$ 1,303,000
|
|
|
|
|
|
|
Preferred stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
50,000,000
|
|
50,000,000
|
|
|
|
|
|
|
Series F-1 Short Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
|
|
|
|
|
|
|
2,780,839
|
|
|
|
|
|
|
|
|
Series F-1 Long Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
|
|
|
|
|
|
|
2,780,839
|
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
$ 6,965,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to Additional Paid in Capital, Warrant Issued | $ |
6,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series G Short-Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
12,343,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments to Additional Paid in Capital, Warrant Issued | $ |
$ 11,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value, Recurring [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of derivatives liabilities | $ |
|
|
|
|
|
|
|
|
|
$ (1,284,000)
|
(61,000)
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
|
|
|
|
|
|
|
|
|
|
7,064,000
|
|
|
|
|
|
|
|
Reclassification of warrant liability to equit upon warrant modification | $ |
|
|
|
|
|
|
|
|
|
|
(7,091,000)
|
|
|
|
|
|
|
|
Derivative liability, current | $ |
|
|
|
|
|
|
|
|
|
19,000
|
|
$ 1,303,000
|
|
|
|
|
$ 61,000
|
|
Other Operating Income (Expense) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of derivatives liabilities | $ |
|
|
|
|
|
|
|
|
|
$ 0
|
61,000
|
|
|
|
|
|
|
|
Fair value of common stock on valuation date |
|
|
|
|
|
|
|
|
|
$ 0.35
|
|
|
|
|
|
|
|
|
Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price |
|
|
|
|
|
|
|
|
|
$ 0.35
|
|
$ 1.15
|
|
|
|
|
|
|
Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of preferred shares | $ |
|
|
|
|
|
|
|
|
|
$ 14,087,111
|
|
|
|
|
|
|
|
|
Derivative fair value | $ |
|
|
|
|
|
|
|
|
|
$ 3,149,800
|
|
|
|
|
|
|
|
|
Contra Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of preferred shares | $ |
|
9,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
16,666,666
|
|
|
|
|
Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
250,000,000
|
|
|
|
|
Measurement Input, Expected Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
10.0
|
10.0
|
|
|
|
|
|
|
|
|
Estimated equity volatility |
|
|
|
|
|
|
|
|
|
110.00%
|
|
|
|
|
|
|
|
|
Discounted market interest rate |
|
|
|
|
|
|
|
|
|
6.40%
|
|
|
|
|
|
|
|
|
Penalty dividend rate |
|
|
|
|
|
|
|
|
|
15.0
|
|
|
|
|
|
|
|
|
Measurement Input, Exercise Price [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price |
|
|
|
|
|
|
|
|
$ 1.90
|
$ 0.364
|
|
|
|
|
|
|
|
|
Measurement Input, Option Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
120.0
|
|
|
|
|
|
|
|
|
|
Measurement Input, Price Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
190.0
|
|
|
|
|
|
|
|
|
|
Measurement Input, Maturity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time of maturity |
|
|
|
|
|
|
|
|
1 year 4 months 6 days
|
|
|
|
|
|
|
|
|
|
Measurement Input, Maturity [Member] | Other Operating Income (Expense) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time of maturity |
|
|
|
|
|
|
|
|
|
3 months
|
|
|
|
|
|
|
|
|
Measurement Input, Discount Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
6.8
|
|
|
|
|
|
|
|
|
|
Measurement Input, Lapse Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
15.0
|
|
|
|
|
|
|
|
|
|
Measurement Input, Default Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
0.5
|
|
|
|
|
|
|
|
|
|
Measurement Input Volume Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated traded volume volatility |
|
|
|
|
|
|
|
|
|
2.650
|
|
|
|
|
|
|
|
|
Series F Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of the warrants | $ |
|
|
|
|
|
|
|
|
|
|
|
$ 7,961,000
|
|
|
|
|
|
|
Series F Warrants [Member] | Fair Value, Recurring [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant liability | $ |
|
|
|
$ 7,961,000
|
|
7,094,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification of warrant liability to equit upon warrant modification | $ |
|
|
|
|
|
$ 7,961,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Series F Warrants [Member] | Other Operating Income (Expense) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
|
|
|
|
|
|
|
|
|
|
7,094,000
|
|
|
|
|
|
|
|
Series F Warrants [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants term |
|
|
|
|
|
|
|
|
|
|
|
3 years 10 months 24 days
|
|
|
|
|
|
|
Series F Warrants [Member] | Measurement Input, Option Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock price per share |
|
|
|
|
|
|
|
|
|
|
|
110.0
|
|
|
|
|
|
|
Series F Warrants [Member] | Measurement Input, Expected Dividend Payment [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock price per share |
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
Series F Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock price per share |
|
|
|
|
|
|
|
|
|
|
|
4.31
|
|
|
|
|
|
|
Series F Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price |
|
|
|
|
|
|
|
|
|
$ 0.364
|
|
|
|
|
|
|
|
|
Warrants exercise | shares |
|
|
|
|
|
|
|
|
|
41,208,791
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 0.364
|
|
|
$ 0.1832
|
|
|
|
|
|
Debt description |
|
|
|
|
|
|
|
|
|
The amortization payments due upon such redemption are payable, at the
Company’s election, in cash, or subject to certain limitations, in shares of Common Stock valued at the lower of (i) the Series
F Conversion Price then in effect and (ii) the greater of (A) 80% of the average of the three lowest closing prices of the Company’s
Series F Common Stock during the thirty trading day period immediately prior to the date the amortization payment is due or (B) a “Floor
Price” of $6.60 on a post-split basis (subject to adjustment for stock splits, stock dividends, stock combinations, recapitalizations
or other similar events) or, in any case, such lower amount as permitted, from time to time, by the Nasdaq Stock Market.
|
|
|
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
Change in fair value of derivatives liabilities | $ |
|
|
|
|
|
|
|
|
|
$ 1,284,000
|
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
|
|
|
|
|
|
|
|
|
7,900,000
|
|
|
|
|
|
|
|
|
Estimated fair value of preferred stock | $ |
|
|
|
|
|
|
|
|
|
9,300,000
|
|
|
|
|
|
|
|
|
Derivative liability | $ |
|
|
|
|
|
|
|
|
|
900,000
|
|
|
|
|
|
|
|
|
Stock discount | $ |
|
|
|
|
|
|
|
|
|
$ 5,100,000
|
|
|
|
|
|
|
|
|
Preferred stock stock description |
|
|
|
|
|
|
|
|
|
(i) approximately $4.2 million related to the difference
between the gross proceeds and the allocated residual fair value of the Series F-1 Preferred Stock (i.e., $0), and (ii) approximately
$0.9 million related to the stock derivative at issuance, is accounted for as a reduction to the carrying value of the Series F-1 Preferred
Shares and will be accreted from the issuance date to maturity in accordance with ASC 480-10-S99-3A as redemption is deemed probable pursuant
to the Installment Redemption terms of the Series F-1 Certificate of Designations.
|
|
|
|
|
|
|
|
|
Derivative liability, current | $ |
|
|
|
|
|
|
|
|
|
$ 19,000
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 2.253
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Expected Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
|
10.0
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Option Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
|
110.0
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Price Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
|
265.0
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Maturity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time of maturity |
|
|
|
|
|
|
|
|
|
3 months
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Discount Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
|
8.1
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Lapse Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
|
15.0
|
|
|
|
|
|
|
|
|
Series F-1 Preferred Stock [Member] | Measurement Input, Default Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative measurement input |
|
|
|
|
|
|
|
|
|
2.5
|
|
|
|
|
|
|
|
|
Series F Convertible Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
$ 2.255
|
|
|
|
|
|
|
|
|
|
Share issued price, per share |
|
|
|
|
$ 6.765
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of preferred shares | $ |
|
|
|
|
$ 3,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
10.00%
|
10.00%
|
|
|
|
|
|
|
|
|
Series F Convertible Preferred Stock [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
$ 60.21
|
$ 60.21
|
|
|
|
|
|
|
|
|
Series F Convertible Preferred Stock [Member] | Measurement Input, Expected Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
|
Series F Convertible Preferred Stock [Member] | Measurement Input, Default Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Series G Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 0.364
|
|
|
$ 0.1832
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
Preferred stock dividends | $ |
|
|
|
|
|
|
|
|
|
$ 239,712
|
$ 0
|
|
|
|
|
|
|
|
Series G Preferred Stock [Member] | Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of the Warrants | $ |
|
14,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Estimated fair value of preferred stock | $ |
|
$ 22,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series G Preferred Stock [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 2.253
|
|
$ 2.253
|
|
|
|
|
|
|
Preferred stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,950
|
|
|
|
Series G Preferred Stock [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,826,273
|
|
|
|
Series G Preferred Stock [Member] | Measurement Input, Expected Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares dividend rate |
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Series F Common Stock Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of the warrants | $ |
|
|
|
|
|
|
|
|
|
$ 10,623,000
|
|
|
|
|
|
|
|
|
Series F Common Stock Warrants [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants term |
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
Series F Common Stock Warrants [Member] | Measurement Input, Option Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock price per share |
|
|
|
|
|
|
|
|
|
125.0
|
|
|
|
|
|
|
|
|
Series F Common Stock Warrants [Member] | Measurement Input, Expected Dividend Payment [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock price per share |
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
|
Series F Common Stock Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock price per share |
|
|
|
|
|
|
|
|
|
4.09
|
|
|
|
|
|
|
|
|
Series F-1 Warrants Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants exercise | shares |
|
|
|
|
|
|
|
|
|
27,747,252
|
|
|
|
|
|
|
|
|
Series F One Preferreds Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt description |
|
|
|
|
|
|
|
|
|
The amortization payments due upon such redemption are payable, at the Company’s election, in cash at 105% of the applicable Installment
Redemption Amount (as defined in the Series F-1 Certificate of Designations), or subject to certain limitations, in shares of Common
Stock valued at the lower of (i) the Series F-1 Conversion Price then in effect and (ii) the greater of (A) 80% of the average of the
three lowest closing prices of the Company’s Common Stock during the thirty consecutive trading day period ending and including
the trading day immediately prior to the date the amortization payment is due or (B) $0.364, which is 20% of the “Minimum Price”
(as defined in Nasdaq Stock Market Rule 5635) on the date in which the Series F-1 Stockholder Approval (as defined herein) was obtained
or, in any case, such lower amount as permitted, from time to time, by the Nasdaq Capital Market, and, in each case, subject to adjustment
for stock splits, stock dividends, stock combinations, recapitalizations or other similar events, which amortization amounts are subject
to certain adjustments as set forth in the Series F-1 Certificate of Designations (the “Series F-1 Floor Price”).
|
|
|
|
|
|
|
|
|
Series G Long-Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 0.364
|
|
|
|
|
|
|
|
|
Exercise price |
|
|
|
|
|
|
|
|
|
$ 0.364
|
|
|
|
|
|
|
|
|
Warrants exercise | shares |
|
|
|
|
|
|
|
|
|
24,587,913
|
|
|
|
|
|
|
|
|
Investors [Member] | Warrant [Member] | Series G Short-Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
|
|
|
|
|
|
|
4,928,416
|
|
|
|
|
|
|
|
|
Investors [Member] | Warrant [Member] | Series G Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
|
|
|
|
|
|
|
4,928,416
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued | shares |
|
|
5,050
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
2,780,839
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Series F-1 Short Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
2,780,839
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Series F-1 Long Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
2,780,839
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Series F-1 Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, par value |
|
|
0.001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, stated value |
|
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Series G Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, par value |
|
|
0.001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, stated value |
|
|
$ 1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Investors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued | shares |
|
|
|
|
|
|
|
|
15,000
|
|
|
|
|
|
|
|
|
|
Preferred stock stated value | $ |
|
|
|
|
|
|
|
|
$ 1,000
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
|
|
|
|
|
|
6,651,885
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
$ 2.255
|
|
|
|
|
|
|
|
|
$ 3.18
|
Warrants to purchase common stock | shares |
|
|
|
|
|
|
|
|
4,716,904
|
|
|
|
|
|
|
|
|
4,716,904
|
Preferred stock, par value |
|
|
|
|
|
|
|
|
$ 3.18
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
$ 3.18
|
|
|
|
|
|
|
|
|
|
Convertible shares issuable | shares |
|
|
|
|
|
|
|
|
8,259,911
|
|
|
|
|
|
|
|
|
41,208,791
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 0.364
|
|
|
|
|
|
|
|
|
Adjusted per share price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.364
|
Warrants term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
Securities Purchase Agreement [Member] | Investors [Member] | Series G Short-Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
4,928,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
4,928,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Investors [Member] | Series G Long-Term Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
4,928,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
4,928,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Investors [Member] | Series F Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock | shares |
|
|
|
|
|
|
|
|
6,651,885
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Investors [Member] | Series F Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
Preferred stock, par value |
|
|
|
|
|
|
|
|
1.816
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Investors [Member] | Series G Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued | shares |
|
|
8,950
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of warrants | shares |
|
|
4,928,416
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price |
|
|
$ 1.816
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
|
Conversion price |
|
|
|
|
|
|
|
|
|
$ 1.816
|
|
|
|
|
|
|
|
|
Amendment Agreement [Member] | Series G Convertible Preferred Stock [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,950
|
|
|
|
Amendment Agreement [Member] | Series G Convertible Preferred Stock [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, shares authorized | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,826,273
|
|
|
|
Series F-1 Registration Rights Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series F-1 registration rights description |
|
|
|
|
|
|
|
|
|
the Company entered into a Registration Rights Agreement with the Series F-1 Investors
(the “Series F-1 Registration Rights Agreement,”), pursuant to which the Company agreed to file a resale registration statement
(the “Series F-1 Registration Statement”) with the SEC to register for resale (A) 200% of the Series F-1 Conversion Shares
and (B) 200% of the Series F-1 Warrant Shares promptly following the Closing Date, but in no event later than 30 calendar days after
the Closing Date, and to have such Series F-1 Registration Statement declared effective by the Effectiveness Deadline (as defined in
the Series F-1 Registration Rights Agreement).
|
|
|
|
|
|
|
|
|
Series G Registration Rights Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series F-1 registration rights description |
|
|
|
|
|
|
|
|
|
the Company entered into a Registration Rights Agreement with the Series G Investors
(the “Series G Registration Rights Agreement” and, together with the Series F-1 Registration Rights Agreement, the “Registration
Rights Agreements”) pursuant to which the Company agreed to file a resale registration statement (the “Series G Registration
Statement”) with the SEC to register for resale (A) 200% of the Series G Conversion Shares, (B) 200% of the shares of Common Stock
issuable upon conversion of the PIK Shares, and (C) 200% of the Series G Warrant Shares promptly following the Closing Date, but in no
event later than 30 calendar days after the Closing Date, and to have such Series G Registration Statement declared effective by the
Effectiveness Deadline (as defined in the Series G Registration Rights Agreement).
|
|
|
|
|
|
|
|
|
Gpn agreement [Member] | Series F Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private placement warrants description |
|
|
|
|
|
|
|
|
|
In
connection with the Private Placements, pursuant to (A) an engagement letter (the “GPN Agreement”) with GP Nurmenkari Inc.
(“GPN”) and (B) an engagement letter (the “Palladium Agreement,” and collectively with the GPN Agreement, the
“Engagement Letters”) with Palladium Capital Group, LLC (“Palladium,” and collectively with GPN, the “Placement
Agents”), the Company engaged the Placement Agents to act as non-exclusive placement agents in connection with each Private Placement,
pursuant to which, the Company agreed to (i) pay the Placement Agents a cash fee equal to 3% of the gross proceeds of each Private Placement
(including any cash proceeds realized by the Company from the exercise of the Series F Warrants), (ii) reimbursement and payment of certain
expenses, and (iii) issue to the Placement Agents on the Closing Date, warrants to purchase up to an aggregate of 693,833 of shares of
Common Stock to each Placement Agent, which is equal to 3% of the aggregate number of shares of Common Stock underlying the securities
issued in each Private Placement, including upon exercise of any Series F Warrants, with terms identical to the Series G Long-Term Warrants
and Series F-1 Long-Term Warrants.
|
|
|
|
|
|
|
|
|