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Debt (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

Long-term debt consisted of the following:

 

   March 31, 2022 
     
Note payable  $15,000,000 
Add: PIK interest (added to principal)   402,088 
Add: final fee   675,000 
Less: unamortized debt issuance costs   (346,479)
Less: unamortized debt discount   (907,587)
Total long-term debt  $14,823,021 
Schedule of Long Term Debt Future Principal Payments

Future principal payments, including the final fee, are as follows:

 

   

Years Ending

December 31,

 
      
2024   $5,775,783 
2025    7,701,043 
2026    2,600,262 
Total   $16,077,088