Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Details)

v3.23.1
Subsequent Events (Details) - USD ($)
$ / shares in Units, $ in Thousands
 1 Months Ended 9 Months Ended
May 19, 2023
Apr. 30, 2023
Subsequent Events (Details) [Line Items]    
Debentures of interest rate   10.00%
Debentures interest rate increased   18.00%
Common stock at a conversion price (in Dollars per share)   $ 3.01
Outstanding principal amount (in Dollars)   $ 4,000,000
Deposit in cash (in Dollars)   $ 4,000,000
Percentage of outstanding principal amount of debentures   130.00%
Debentures of maturity date   May 20, 2024
Subsequent Event [Member]    
Subsequent Events (Details) [Line Items]    
Warrants term 5 years  
Warrants exercise price per share (in Dollars per share) $ 2.31  
Securities purchase agreement, description Pursuant to the Purchase Agreement, the Company agreed to sell to the Purchasers (i) 10% Original Issue Discount Secured Convertible Debentures (the “Debentures”) with an aggregate principal amount of $7,608,696 and (ii) warrants to purchase up to 1,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for an exercise price of $2.31 per share, the average of the three (3) daily volume weighted average prices of the Common Stock as defined in the Purchase Agreement (“VWAP”) prior to the closing date (the “Warrants”), subject to adjustments as set forth in the Warrants, for a total purchase price of $7,000,000. The Purchase Agreement contains customary representations, warranties and covenants. The transactions contemplated by the Purchase Agreement were consummated on May 19, 2023.