Quarterly report pursuant to Section 13 or 15(d)

Equity (Details Narrative)

v3.23.1
Equity (Details Narrative)
3 Months Ended
Feb. 21, 2023
$ / shares
shares
Jul. 07, 2022
USD ($)
$ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
shares
Mar. 31, 2022
USD ($)
shares
Feb. 23, 2023
Dec. 31, 2022
$ / shares
shares
Aug. 17, 2022
$ / shares
shares
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Shares new issues     550,000,000        
Common stock, shares authorized     500,000,000     500,000,000  
Preferred stock, shares authorized     50,000,000     50,000,000  
Common stock, shares issued     39,470,009     39,470,009  
Common stock, shares outstanding     39,470,009     39,470,009  
Warrants to purchase Series C Preferred stock     27,189,465 12,443,300      
Liquidation description     Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the each holder shares of the Series F Preferred Stock shall be entitled to receive out of the assets, whether capital or surplus, of the Company an amount per share of Series F Preferred Stock equal to the greater of (A) 125% of the stated value of such share of Series F Preferred Stock (plus any applicable make-whole amount, unpaid late charge or other applicable amount) on the date of such payment and (B) the amount per share such holder would receive if such holder converted such share of Series F Preferred Stock into Common Stock immediately prior to the date of such payment. All shares of capital stock of the Company shall be junior in rank to all shares of Series F Preferred Stock with respect to the preferences as to payments upon the liquidation        
Preferred stock, terms of conversion     The Series F Preferred Stock cannot be converted to Common Stock if the holder and its affiliates would beneficially own more than 4.99% or 9.99% at the election of the holder of the outstanding Common Stock. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99% upon notice to us, provided that any increase in this limitation will not be effective until 61 days after such notice from the holder to us and such increase or decrease will apply only to the holder providing such notice        
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 Conversion Price then in effect and (ii) the greater of (A) a 80% of the average of the three lowest closing prices of the Company’s Common Stock during the thirty trading day period immediately prior to the date the amortization payment is due or (B) the Floor Price (as defined below). For purposes of the Series F Certificate of Designation, the “Floor Price” means the lower of (x) $0.4014 and (y) 20% of the “Minimum Price” (as defined in Rule 5635 of the Rules of the Nasdaq Stock Market) on the date of the Stockholder Approval (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; provided that if the amount set forth in clause B is the lowest effective price, the Company will be required to pay the amortization payment in cash        
Derivative liability fair value | $     $ 100,000        
Class of warrant or right, exercise price of warrants or rights | $ / shares   $ 5.98          
Change in Fair Value of Warrant Liabilities | $   $ 93,233 (1,175,000)      
Sale of Stock, Price Per Share | $ / shares   $ 2.99          
Warrant expenses incurred | $     $ 0 $ 0      
Securities Purchase Agreement [Member] | Institutional and Accredited Investors [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Warrants to acquire common stock 6,651,885            
IPO [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Class of warrant or right, exercise price of warrants or rights | $ / shares             $ 5.25
Maximum [Member] | IPO [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Issuance of warrant             1,411,764
Measurement Input, Default Rate [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate 0.5   0.4        
Measurement Input, Share Price [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Share price | $ / shares     $ 1.72        
Measurement Input, Option Volatility [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate 120.0   125.0        
Warrants and Rights Outstanding, Measurement Input   131.06 125.0        
Measurement Input, Price Volatility [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate 190.0   195.0        
Measurement Input, Maturity [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated maturity date 1 year 4 months 6 days   1 year 3 months        
Measurement Input, Discount Rate [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate 6.8   6.4        
Warrants and Rights Outstanding, Measurement Input   3.07          
Measurement Input, Expected Dividend Rate [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate 10.0   10.0        
Measurement Input, Lapse Rate [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate 15.0   15.0        
Warrants To Purchase Series C Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Warrants to purchase Series C Preferred stock     27,500        
Series C Convertible Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Preferred stock, shares authorized     1,990,000        
Preferred stock, shares issued     0        
Preferred stock, shares outstanding     0        
Series D Convertible Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Preferred stock, shares authorized     211,353     211,353  
Preferred stock, shares issued     72,992     72,992  
Preferred stock, shares outstanding     72,992     72,992  
Preferred stock par value, per share | $ / shares     $ 0.01     $ 0.01  
Preferred stock conversion price, per share | $ / shares     $ 0.01        
Conversion of stock description     A holder of Series D Preferred Stock is prohibited from converting Series D Preferred Stock into shares of Common Stock if, as a result of such conversion, the holder, together with its affiliates, would own more than 4.99% of the total number of shares of our Common Stock then issued and outstanding (with such ownership restriction referred to as the “Series D Beneficial Ownership Limitation”) immediately after giving effect to the issuance of the shares of Common Stock issuable upon conversion of the Series D Preferred Stock. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days after such notice to us. The conversion rate of the Series D Preferred Stock is subject to proportionate adjustments for stock splits, reverse stock splits and similar events, but is not subject to adjustment based on price anti-dilution provisions        
Description of trading activities     If we fail to timely deliver shares of Common Stock upon conversion of the Series D Preferred Stock (the “Series D Conversion Shares”) within the time period specified in the Series D Certificate of Designation (within two trading days after delivery of the notice of conversion, or any shorter standard settlement period in effect with respect to trading market on the date notice is delivered), then we are obligated to pay to the holder, as liquidated damages, an amount equal to $25 per trading day (increasing to $50 per trading day on the third trading day and $100 per trading day on the sixth trading day) for each $5,000 of stated value of Series D Preferred Stock being converted which are not timely delivered. If we make such liquidated damages payments, we are also not obligated to make Series D Buy-In (as defined below) payments with respect to the same Series D Conversion Shares        
Preferred stock, terms of conversion     The Conversion Price can be adjusted as set forth in the Series F Certificate of Designation for stock dividends and stock splits or the occurrence of a fundamental transaction (generally including any reorganization, recapitalization or reclassification of the Common Stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of the outstanding Common Stock, or any person or group becoming the beneficial owner of 50% of the voting power represented by the outstanding Common Stock). The Conversion Price is also subject to “full ratchet” price-based adjustment in the event of any issuances of Common Stock, or securities convertible, exercisable or exchangeable for Common Stock, at a price below the then-applicable Conversion Price (subject to certain exceptions). If any shares of Series F Preferred Stock are converted or reacquired by us, such shares shall resume the status of authorized but unissued shares of Series F Preferred Stock of the Company and shall no longer be designated as Series F Preferred Stock        
Series E Convertible Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Preferred stock, shares authorized     100,000        
Series F Convertible Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Shares new issues     15,000        
Preferred stock, shares authorized     15,000        
Preferred stock, shares issued     15,000        
Preferred stock, shares outstanding     15,000        
Conversion of stock description     If on any day after the issuance of the shares of Series F Preferred Stock the closing price of the Common Stock has exceeded 300% of the Conversion Price per share (subject to adjustment for stock splits, stock dividends, stock combinations, recapitalizations or other similar events) for 20 consecutive trading days and the daily dollar trading volume of the Common Stock has exceeded $3,000,000 per trading day during the same period and certain equity conditions described in the Series F Certificate of Designation are satisfied (the “Mandatory Conversion Date”), we shall deliver written notice of the Mandatory Conversion (as defined below) to all holders on the Mandatory Conversion Date and, on such Mandatory Conversion Date, we shall convert all of each holder’s shares of Series F Preferred Stock into Conversion Shares at the then effective Conversion Price (the “Mandatory Conversion”)        
Preferred stock conversion ratio percentage     0.1999        
Series F Convertible Preferred Stock [Member] | Securities Purchase Agreement [Member] | Institutional and Accredited Investors [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Shares new issues 15,000            
Series F Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Conversion of stock description (i) the 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 trading day period immediately prior to the date the amortization payment is due or (B) the Floor Price (as defined below). For purposes of the Certificate of Designation, the “Floor Price” means the lower of (x) $0.4014 and (y) 20% of the “Minimum Price” (as defined in Rule 5635 of the Rules of the Nasdaq Stock Market) on the date of the Stockholder Approval (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            
Estimated penalty dividend rate 10   10.0        
Conversion price | $ / shares $ 2.255   $ 2.255        
Share price | $ / shares 0.4014            
Series F Preferred Stock [Member] | Securities Purchase Agreement [Member] | Institutional and Accredited Investors [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Conversion price | $ / shares $ 2.255            
Series F Preferred Stock [Member] | Measurement Input, Default Rate [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Estimated penalty dividend rate     15.0   15    
Common Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Common stock, shares authorized     50,000,000        
Underlying shares of common stock     36,496        
Derivative liability fair value | $     $ 3,300,000        
Common Stock [Member] | Series F Convertible Preferred Stock [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Underlying shares of common stock     6,651,885        
Common Stock Warrants [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Class of warrant or right, exercise price of warrants or rights | $ / shares     $ 1.72     1.15  
Warrant [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Shares new issues   38,265          
Estimated maturity date   5 years 5 years        
Class of warrant or right, exercise price of warrants or rights | $ / shares   $ 5.98          
Warrant [Member] | Measurement Input, Option Volatility [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Warrants and Rights Outstanding, Measurement Input     125.0        
Pre-funded Common Stock Warrants [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Share price | $ / shares     $ 1.72     1.15  
Series C Convertible Preferred Stock Warrants [Member]              
Accumulated Other Comprehensive Income (Loss) [Line Items]              
Share price | $ / shares     $ 1.72     $ 1.15