Subsequent Events |
6 Months Ended |
---|---|
Jun. 30, 2024 | |
Subsequent Events [Abstract] | |
Subsequent Events | 12. Subsequent Events
Convertible Notes
During July 2024, the Company issued three Convertible Notes to Thomas B. Akin for a total amount of $550,000.
Share Issued
On August 2, 2024 a total of 1,253,423 of interest payable. shares of common stock were granted from equity payable to Thomas Akin as settlement of $
On August 2, 2024 a total of 101,658 of interest payable. shares of common stock were granted from equity payable to Talkot Fund LP as settlement of $
Related Party Notes Payable
The Company entered into Amendment No. 2 (the “Amendment”) to Amended and Restated Credit Facility Agreement and Convertible Notes (the Credit Facility Agreement), signed on August 13,2024, which amends the terms of the Credit Facility Agreement, between the Company and Thomas B. Akin, and any convertible notes issued thereunder. The Amendment amends the existing Credit Facility Agreement to extend the maturity of the agreement and related convertible notes thereunder until September 30, 2026. Principal payments have been deferred to a period beginning on October 31, 2024 and ending September 30, 2026. |