Subsequent Events (Details) - Subsequent Event [Member] |
1 Months Ended |
---|---|
Jul. 16, 2021
USD ($)
$ / shares
| |
Subsequent Events (Details) [Line Items] | |
Aggregate principal amount | $ 12,000,000 |
Term loan refinancing, description | The Convertible Bullet Loan requires forty-eight monthly interest only payments commencing after the Effective Date and thereafter full payment of the then outstanding principal balance of the Bullet Loan on July 1, 2025. The Tranche B loan requires interest only monthly payments commencing on the Effective Date until September 30, 2022 and, thereafter, thirty-three monthly payments of principal and interest accrued thereon until June 1, 2025. The Tranche C loan, to the extent drawn on or prior to December 31, 2021, requires monthly payments of interest only commencing on the date drawn until September 30, 2022 and, thereafter, thirty-three monthly payments of principal and interest accrued thereon until June 1, 2025. Notwithstanding the foregoing, in the event the Borrower completes a capital raise of a minimum of $20,000 prior to September 30, 2022, the repayment terms of the Tranche B and Tranche C loans shall automatically be amended so that the interest only period will be extended to June 30, 2023, and, thereafter, the Borrower shall pay twenty-four monthly payments of principal and interest accrued thereon until June 1, 2025. |
Purchase shares of Company’s common stock | $ 190,949 |
Exercise price (in Dollars per share) | $ / shares | $ 1.0474 |
Warrant is exercisable, term | 10 years |
Existing indebtedness | $ 8,200,000 |
Negotiated prepayment premium | 220,000 |
Convertible Bullet Loan [Member] | |
Subsequent Events (Details) [Line Items] | |
Aggregate principal amount | 4,000,000 |
Tranche B [Member] | |
Subsequent Events (Details) [Line Items] | |
Aggregate principal amount | $ 5,000,000 |
Loan accrues rate, percentage | 7.75% |
Tranche C [Member] | |
Subsequent Events (Details) [Line Items] | |
Aggregate principal amount | $ 3,000,000 |
Loan accrues rate, percentage | 9.50% |