XML 54 R41.htm IDEA: XBRL DOCUMENT v3.24.0.1
TERM LOAN AND CREDIT AGREEMENT (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 21, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Nov. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Face amount $ 12,400,000             $ 364,000
Maturity date Dec. 21, 2026              
Accrue interest 10.50%              
Debt instrument date Feb. 15, 2022              
Debt instrument payment terms Pursuant to the Credit Agreement, the Company will be required to make interest only payments for the first 24 months (which may be extended to 36 months under prescribed circumstances), after which payments will include principal amortization that accommodates a 40% balloon principal payment at maturity. Prepayment of amounts owing under the Credit Agreement are allowed under prescribed circumstances.              
Origination fee $ 120,000              
Exit fees 600,000              
Debt financing 193,437              
Professional fee 48,484              
Fee amount 144,953              
Gross proceeds 12,000,000              
Repayment of short term debt 1,574,068              
Fair value of warrants 1,042,149              
Amortization of debt discount expense   $ 51,950 $ 51,061 $ 154,616 $ 151,971 $ 202,138 $ 54,822  
Interest expense   790,080 413,402 2,203,860 1,205,342 1,839,159 1,283,570  
Interest payable current   $ 455,620   $ 455,620   $ 239,614 164,833  
Warrants issued   9,590   9,590   57,536    
Issuance of warrants 198,713              
Term Loan [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Interest expense   $ 496,952 $ 389,662 $ 1,489,764 $ 1,054,166 $ 1,646,903 $ 379,500  
Cash [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Debt financing $ 50,000              
Credit Agreement [Member]                
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]                
Debt instrument payment terms Pursuant to the Credit Agreement, the Company will be required to make interest only payments for the first 24 months (which may be extended to 36 months under prescribed circumstances), after which payments will include principal amortization that accommodates a 40% balloon principal payment at maturity. Prepayment of amounts owing under the Credit Agreement are allowed under prescribed circumstances