Convertible Note (Tables)

3 Months Ended

Mar. 31, 2023

Convertible Note

Summary of outstanding balance of Convertible Note

	March 31, 2023
Beginning Balance — Par	$	80,000,000
Unamortized Discount		(13,285,724)
Carrying Value	$	66,714,276

Summary of assumptions used in the Binomial and Monte Carlo valuation models to determine the estimated fair value of the Convertible Note at the grant date

	March 31, 2023		March 30, 2023
Risk-free interest rate	3.70	%	3.80	%
Expected volatility	40	%	40	%
Expected dividend yield	—	%	—	%