XML 59 R49.htm IDEA: XBRL DOCUMENT v3.23.1
Debt (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 21, 2023
Mar. 13, 2023
Sep. 08, 2022
Apr. 04, 2022
May 11, 2023
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Sep. 20, 2023
Mar. 21, 2023
Short-Term Debt [Line Items]                    
Debt instrument, face amount           $ 42,523   $ 32,747    
Debt instrument fair value           44,300   33,650    
Interest expense           183      
Subsequent Event [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount         $ 649          
Interest expense         $ 13          
Subsequent Event [Member] | Common Stock [Member]                    
Short-Term Debt [Line Items]                    
Shares, Issued         2,183,089,000          
Proceeds from Issuance of Common Stock         $ 1,081          
April 2022 Senior Convertible Note [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount       $ 27,500   $ 20,162   $ 21,497    
Debt instrument stated percentage       7.875%   7.875%   7.875%    
Conversion price       $ 5.00   $ 5.00   $ 5.00    
Debt instrument maturity date       Apr. 04, 2024   Apr. 04, 2024   Apr. 04, 2024    
Debt instrument fair value           $ 20,750   $ 22,000    
September 2022 Senior Convertible Note [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount     $ 11,250     $ 11,250   $ 11,250    
Debt instrument stated percentage     7.875%     7.875%   7.875%    
Conversion price     $ 5.00     $ 5.00   $ 5.00    
Debt instrument maturity date     Sep. 06, 2024     Sep. 06, 2024   Sep. 06, 2024    
Debt instrument description     The Company is subject to financial covenants requiring: (i) a minimum of $8.0 million of available cash at all times; (ii) the ratio of (a) the outstanding principal amount of the total senior convertible notes outstanding, accrued and unpaid interest thereon and accrued and unpaid late charges to (b) the Company’s average market capitalization over the prior ten trading days, to not exceed 30% (except that such maximum percentage was 50% for the period from September 8, 2022 through March 5, 2023) (the “Debt to Market Cap Ratio Test”); and (iii) the Company’s market capitalization to at no time be less than $75 million              
Repayment of convertible debt           $ 1,501        
Interest expense           $ 15        
Issuance of common stock share           4,330,643        
Debt instrument fair value           $ 11,650   $ 11,650    
Loss on extinguishment of debt           500        
Lucid March 2023 Senior Convertible Note [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount   $ 11,100       $ 11,111       $ 11,111
Debt instrument stated percentage   7.875%       7.875%        
Conversion price   $ 5.00       $ 5.00        
Debt instrument maturity date   Mar. 21, 2025       Mar. 21, 2025        
Debt instrument description           (i) a minimum of $5.0 million of available cash at all times; (ii) the ratio of (a) the outstanding principal amount of the total senior convertible notes outstanding, accrued and unpaid interest thereon and accrued and unpaid late charges to (b) Lucid’s average market capitalization over the prior ten trading days, as of the last day of any fiscal quarter commencing with September 30, 2023, to not exceed 30%; and (iii) Lucid’s market capitalization to at no time be less than $30 million        
Debt instrument fair value           $ 11,900       $ 11,900
Loss on extinguishment of debt           525        
Proceeds from convertible debt   $ 9,925                
Debt instrument fee amount   $ 1,186                
Interest expense           24        
Lucid March 2023 Senior Convertible Note [Member] | Subsequent Event [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount                 $ 11,100  
Debt instrument stated percentage                 7.875%  
Debt instrument maturity date Mar. 21, 2025                  
Principal repayment $ 292                  
Investor [Member] | September 2022 Senior Convertible Note [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument fair value           $ 2,027        
Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount             50,000      
Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member] | Initial Issuance [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount             27,500      
Securities Purchase Agreement [Member] | Accredited Institutional Investor [Member] | Additional Issuance [Member]                    
Short-Term Debt [Line Items]                    
Debt instrument, face amount             $ 22,500