XML 64 R52.htm IDEA: XBRL DOCUMENT v3.21.2
Secured Credit Facilities (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 30, 2021
Jul. 30, 2021
Apr. 19, 2021
Jan. 15, 2020
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Feb. 05, 2021
Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Common stock, par or stated value per share         $ 0.0001   $ 0.0001     $ 0.0001
Interest paid             $ 500 $ 200    
Debt instrument, description             The Company may prepay the Notes at any time in whole or in part by paying a sum of money equal to 100% of the principal amount to be redeemed, together with accrued and unpaid interest, plus a prepayment fee equal to five percent (5%) of the principal amount to be repaid.      
Prepaid fees, percentage             100.00%      
Proceeds from warrants exercise   $ 2,400                
Dividend deemed   $ 2,300     $ 2,288 $ 2,288    
Warrant [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Proceeds from warrants exercise $ 2,400                  
Warrants to purchase common stock 900,000 900,000                
Common Stock [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Dividend deemed                  
Secured Convertible Promissory Notes [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Debt instrument, interest rate during period             6.00%      
Debt instrument, conversion price         $ 2.20   $ 2.20      
Debt instrument maturity date             Oct. 18, 2022      
Interest paid             $ 0      
Roth Capital, LLC [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Proceeds from issuance initial public offering             $ 3,100      
Stock issuance cost percentage         5.00%   5.00%      
Purchase Agreement [Member] | Common Stock [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Warrant exercise price                   $ 3.94
Warrants to purchase common stock                   100,000
Purchase Agreement [Member] | Accredited Investors [Member] | Secured Convertible Promissory Notes [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Proceeds from loans     $ 3,300              
Debt instrument, interest rate during period     6.00%              
Common stock, par or stated value per share     $ 0.0001              
Purchase Agreement [Member] | Accredited Investors [Member] | Secured Convertible Promissory Notes [Member] | IPO [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Proceeds from issuance initial public offering     $ 3,300              
Purchase Agreement [Member] | Accredited Investors [Member] | Secured Convertible Promissory Notes [Member] | Warrant [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Warrant exercise price     $ 2.60              
Purchase Agreement [Member] | Accredited Investors [Member] | Secured Convertible Promissory Notes [Member] | Common Stock [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Debt instrument, conversion price     $ 2.20              
Outstanding notes payable percentage     60.00%              
Loan Agreement [Member]                    
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                    
Warrant exercise price       $ 3.94            
Debt instrument maturity date       Jan. 14, 2021            
Interest paid             $ 100      
Borrowing base percentage, description       Under the Loan Agreement, the Lender has committed to make up to two loan advances to the Borrowers in an aggregate principal amount not to exceed the lesser of (i) $8.0 million and (ii) a borrowing base equal to 85% of the appraised value of the Borrowers’ eligible inventory of whisky in barrels or totes less an amount equal to all service fees or rental payments owed by the Borrowers during the 90 day period immediately succeeding the date of determination to any warehouses or bailees holding eligible inventory (the “Loan”).            
Notes payable related parties       $ 8,000            
Debt Instrument, Maturity Date, Description             On January 8, 2021, the Company entered into an amendment to the Loan Agreement with Live Oak to extend the maturity date to April 13, 2021. On April 13, 2021, the maturity date was amended to further extend it to May 13, 2021. On May 11, 2021, the maturity date was further extended to August 11, 2021. On August 11, 2021, the maturity date was further extended to October 11, 2021. On October 11, 2021, the maturity date was further extended to November 11, 2021      
Interest rate       2.49%            
Loan repayment                 $ 3,400  
Loan amount         $ 3,000   $ 3,000      
Increase in interest rate       2.00%            
Warrants to purchase common stock       100,000            
Warrant expiration, description       Jan. 15, 2025