REDEEMABLE COMMON STOCK (Tables)

3 Months Ended

Mar. 31, 2022

Temporary Equity Disclosure [Abstract]

Schedule of Redeemable Common Stock

The following is a summary of the Series A and Series B valuations:

	Series A		Series B
Proceeds	$	85,000,000	$	20,000,305
Transaction Fees:
B. Riley Securities	(5,100,000)		(1,200,000)
Legal and Filing Fees	(1,226,990)		(408,997)
Debt issuance costs pertaining to stock registration warrants - refer to Note 14	(631,897)		(148,575)
Total net mezzanine equity	$	78,041,113	$	18,242,733
Conversion to common Class A shares	$	(78,041,113)	$	(18,242,733)
Remaining in net mezzanine equity	$	—	$	—

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The Company recorded redeemable common stock as presented in the table below:

	Non- controlling Interest(1)		Series A			Series B			Common - Class V
			Preferred Shares	Amount		Preferred Shares	Amount		Shares	Amount		Total
Balance - December 31, 2021	$	—				—	$	—	27,057,600	$	301,052,617	$	301,052,617
Net loss - January 1 to March 31, 2022										(18,125,837)		(18,125,837)
Maximum redemption right valuation										(110,222,560)		(110,222,560)
Balance- March 31, 2022	$	—	—	$	—	—	$	—	27,057,600	$	172,704,220	$	172,704,220

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1Refer to Note 16 – Non-controlling Interest for further discussions