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Stockholders’ Equity, Warrants, Debentures and Guaranty (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Schedule of Warrants issued in November and December 2021

	Series A Warrants	Series B Warrants	Series C Warrants	Monroe Warrants	Series D Warrants
Date issued	11/5/2021	11/5/2021	12/2/2021	12/2/2021	12/15/2021
Number of warrants issued at inception	Between 2,500,000 and 5,000,000	2,500,000	1,500,000	Between 2,519,557 and 5,016,704 ⁽³⁾	15,625,000
Issued in connection with	Sale of 2,500,000 shares of common stock	Sale of 2,500,000 shares of common stock	Modification of Series A Warrants and Series B Warrants	Monroe Credit Facility	Sale of 7,840,000 shares of common stock and 12,456 units of Series A Preferred Stock
Exercise price on issuance date	$2.00	$2.00	$0.0001	$0.0001	$2.00⁽⁵⁾
Exercise price modified after issue date?	Yes	Yes	No	No	No
Date of modification, if modified	12/2/2021	12/2/2021	NA - not modified	NA - not modified	NA - not modified
Assuming no antidilution triggers occur, maximum number of warrants issuable as of the modification date, if modified	6,666,667 ⁽⁴⁾	3,333,334	NA - not modified	NA - not modified	NA - not modified
Modified exercise price, if modified during 2021	$1.50 ⁽⁵⁾	$1.50 ⁽⁵⁾	NA - not modified	NA - not modified	NA - not modified
Maturity date of warrant	11/5/2026	11/5/2023 ⁽¹⁾	12/2/2026	1/31/2029	12/15/2026 ⁽²⁾
Underlying shares registered?	No, on the issuance date; Yes, as of 12/10/21	Yes, beginning on the issuance date	Yes, beginning on the issuance date	No, on the issuance date; Yes, as of 2/9/22	No, on the issuance date; Yes, as of 1/7/22
Fair value per warrant as of issuance date	$0.92	$0.35	$1.48	$1.48	$0.63
Fair value per warrant as of modification date, if modified	$0.80	$0.45	NA - not modified	NA - not modified	NA - not modified
Amounts and dates of warrants exercised during the year	NA	1,800,000 on 12/10/21 700,000 on 12/29/21 833,334 on 12/30/21	1,500,000 on 12/8/21	NA	NA
Fair value per warrant on exercise date(s)	NA	$0.91 on 12/10/21 $1.00 on 12/29/21 $1.00 on 12/30/21	$1.03 on 12/8/21	NA	NA
Warrants exercisable as of 12/31/21	6,666,666	-	-	2,519,557	15,625,000
Valuation basis	Black-Scholes	Monte Carlo Simulation	Stock price	Stock price	Monte Carlo Simulation
Fair value per warrant as of 12/31/21, if outstanding	$1.52	NA	NA	$2.43	$1.25
Assumptions used in estimating fair values:
◦ stock price volatility	60% - 65%	60% - 65%	NA	NA	60% - 65%
◦ exercise price	$1.50 - $2.00	$1.50 - $2.00	NA	NA	$2.00
◦ discount rate	1.04% - 1.24%	0.39% - 0.68%	NA	NA	1.25% - 1.26%
◦ remaining useful life (in years)	4.85 - 5.00	1.85 - 2.00	NA	NA	4.96 - 5.00
◦ stock price	$1.48 - $2.43	$1.48 - $2.43	$1.03 - $1.48	$1.48 - $2.43	$1.53 - $2.43

Schedule of Debenture components prior to conversion

			Discount consisting of
			relative fair
	Principal		value of Penny Warrants			Net
Issued on the Computex Closing Date	$	43,169	$	(9,937	)	$	33,232
Issued in the Successor periods:
Issued to Ribbon		43,778		(14,159	)		29,619
Issued to SPAC Opportunity Partners, LLC		17,990		(6,249	)		11,741
Other issuances (various holders)		17,010		(6,610	)		10,400
	$	121,947	$	(36,955	)	$	84,992
Amortization of discount							12,752
Paid-in-kind interest							11,951
Deferred financing fees							(523	)
Net Debentures as of September 8, 2021, prior to conversion						$	109,172
Less reduction due to conversion							(109,172	)
Balance at September 8, 2021, after conversion						$	-
Financial statement line items impacted by the conversion:
Additional paid in capital						$	109,691
Common stock (38,811,223 shares at par value of $0.0001 per share)							4
Interest expense - write off of deferred financing fees							(523	)
						$	109,172