CONVERTIBLE PROMISSORY NOTES AND FAIR VALUE OF CONVERTIBLE PROMISSORY NOTES (Details Narrative) - USD ($) |
1 Months Ended | 6 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|
Oct. 30, 2020 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Dec. 31, 2020 |
Dec. 31, 2021 |
Sep. 25, 2020 |
|
Proceeds from investor note | $ 1,000,000.0 | |||||
Remaining balance of investor note | $ 5,000,000.0 | |||||
Interest rate | 18.00% | 18.00% | ||||
Conversion price description | The Investor will not have the right to convert any portion of a Convertible Notes, to the extent that, after giving effect to such conversion, the Investor (and other certain related parties) would beneficially own in excess of 4.99% of the shares of Common Stock outstanding immediately after giving effect to such conversion. This limit may, from time to time, be increased, up to 9.99%, or decreased | |||||
Warrant, exercisable shares | 363,636 | |||||
Convertible promissory notes | $ 550,000 | $ 550,000 | $ 1,100,000 | |||
Conversion price | $ 1,100,000 | |||||
Private Placement [Member] | ||||||
Net cash proceeds | $ 2,340,000 | |||||
Warrant exercisable shares purchase | 242,424 | |||||
Warrant exercise price per share | $ 1.32 | |||||
Financial advisory fee | 480,000 | |||||
Proceeds from Private Placement | 8,850,000 | |||||
Placement agent fee | $ 306,000 | $ 363,636 | ||||
Series A Note [Member] | ||||||
Loss on fair value option | 20,000.00 | $ 290,000 | ||||
Gain (Loss) on change in fair value | $ 890,000 | 550,000 | ||||
Series A Subordinated Convertible Note [Member] | ||||||
Cash consideration | $ 4,000,000 | |||||
Initial principal amount | 4,600,000 | |||||
Original issue discount | 600,000 | |||||
Series B Senior Secured Convertible Note [Member] | ||||||
Initial principal amount | 6,900,000 | |||||
Original issue discount | 900,000 | |||||
Conversion price per share | $ 1.32 | |||||
Secured Convertible Note [Member] | ||||||
Initial principal amount | 6,000,000 | |||||
Securities Purchase Agreement [Member] | Institutional Investor [Member] | ||||||
Aggregate principal amount | $ 11,500,000 | |||||
Series B Note [Member] | ||||||
Loss on fair value option | $ 4,400,000 | |||||
Gain (Loss) on change in fair value | $ 5,100,000 | |||||
Placement Agent Warrants [Member] | Series A and Series B Note [Member] | ||||||
Purchase of warrant description | Series A Note and Series B Note, respectively, a placement agent is to receive a warrant (the “Warrant”) exercisable for 2 years for the purchase of an aggregate of up to 242,424 and 60,606 shares, respectively, of the Company’s common stock, at an exercise price of $1.32 per share. The Warrant may also be exercised by means of a “cashless exercise” or “net exercise |