Subsequent Events

3 Months Ended

Mar. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

13. Subsequent Events

Additional Conversion of the Senior Secured Convertible Notes Payable (Lind Note)

On April 1, 2024, Lind converted a total of $150,000 of the principal amount of Lind Note into 139,794 shares of common stock. The remaining principal amount of the Lind Note was $2,635,330 after the conversion.

Additional financing with ASE Test, Inc.

On May 03, 2024, The Company, entered into Convertible Note and Warrant Purchase Agreement with the ASE Test, Inc. (“ASE”), a shareholder of Ainos KY, for the issuance of convertible promissory notes with 6% compound interest in the aggregate principal amount of $9,000,000 (collectively the “Notes”) convertible into shares of common stock, par value $0.01 per share, of the Company, payable three (3) years from May 03, 2024 as well as the issuance of warrants for the purchase of up to 500,000 shares of Common Stock at an price per share of $4.50, exercisable until May 03, 2029.