Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v3.22.4
Notes Payable (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of notes payable
Notes payable as of December 31, 2022 and 2021 consist of the following:
December 31, 2022 December 31, 2021
Convertible Note $ 73,863  $ 87,863 
Facility 3,000  3,000 
Total debt principal $ 76,863  $ 90,863 
Unamortized debt discount - Convertible Note (14,735) (27,055)
Unamortized debt discount - Facility (25) (40)
Total long-term debt $ 62,103  $ 63,768 
Schedule of convertible note derivative liability measured at fair value
The following table provides a reconciliation of the beginning and ending balances for the convertible note derivative liability measured at fair value using significant unobservable inputs (Level 3):
Year Ended December 31,
2022 2021
Balance at beginning of period $ 17,418  $ — 
Initial recognition May 6, 2021 —  17,063 
(Gain) loss (17,302) 5,341 
Change resulting from conversions (38) (4,986)
Balance at end of period $ 78  $ 17,418 
Schedule of debt maturities
The total balance of all debt matures as follows:
Period ending December 31, Amount
2023 $ — 
2024 76,863 
2025 — 
2026 — 
2027 — 
$ 76,863