Subsequent Events |
3 Months Ended |
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Mar. 31, 2023 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
NOTE 18 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date the unaudited condensed consolidated financial statements were available for issuance. On April 19, 2023, the Company announced a closing of a public offering of 7,400,000 shares of common stock at a public offering price of $1.00 per share, for gross proceeds of $7.4 million. After deducting underwriters' discounts and offering expenses net proceeds were approximately $6.4 million. The Company also issued the underwriters five year warrants for an aggregate of 370,000 shares of its common stock at an exercise price of $1.25 per share. In accordance with the terms of the Maestro share purchase agreement, 35% of the net proceeds from the offering were used to pay down the debt to the seller. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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