Stockholders’ Permanent and Temporary Equity (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Equity [Abstract]

Schedule of Stock Options Granted

The grant date fair value of stock options granted during the three and nine months ended September 30, 2023 and 2022 was determined using the Black Scholes method, with the following assumptions used:

	Successor		Predecessor		Successor			Predecessor
	For the Three		For the Three		For the Nine			For the Nine
	Months Ended		Months Ended		Months Ended			Months Ended
	September 30,		September 30,		September 30,			September 30,
	2023		2022		2023			2022
Fair value of common stock on date of grant		n/a		n/a	$	15.26 - $78.05		$	2.27 - $3.00
Risk free interest rate		n/a		n/a		3.53% - 4.27	%		1.68% - 3.01	%
Expected term (years)		n/a		n/a		6.00			3.53 - 6.00
Expected volatility		n/a		n/a		120% - 123	%		111% - 119	%
Expected dividends		n/a		n/a		0.00	%		0.00	%

In applying the Black-Scholes option pricing model to Predecessor stock options granted, the Company used the following assumptions:

	Successor	Predecessor
	For the period	For the period			For the year
	December 13 through	January 1 through			ended
	December 31, 2022	December 12, 2022			December 31, 2021
Fair value of common stock on date of grant	n/a		$2.27 - $3.00		$	3.25
Risk free interest rate	n/a		1.68% - 3.01	%		0.66% - 1.26	%
Expected term (years)	n/a		3.53 - 6.00			5.00 - 6.00
Expected volatility	n/a		111% - 119	%		118% - 125	%
Expected dividends	n/a		0.00	%		0.00	%

Schedule of Stock Option Activity

A summary of the option activity for the nine months ended September 30, 2023 is presented below:

					Weighted
			Weighted		Average
			Average		Remaining	Aggregate
	Number of		Exercise		Life	Intrinsic
	Options		Price		In Years	Value
Outstanding, January 1, 2023		56,999	$	366.29
Granted		44,753		19.52
Exercised		-		-
Forfeited		-		-
Outstanding, September 30, 2023		101,752	$	220.65	6.6	$	-
Exercisable, September 30, 2023		56,284	$	333.65	5.2	$	-

A summary of the option activity for the period December 13, 2022 through December 31, 2022 for the Successor and the period ended December 12, 2022 for the Predecessor is presented below:

Successor	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Life In Years		Aggregate Intrinsic Value
Outstanding, December 13, 2022		56,999	$	366.29
Granted		-		-
Exercised		-		-
Forfeited		-		-
Outstanding, December 31, 2022		56,999	$	366.29		5.8	$	-
Exercisable, December 31, 2022		47,030	$	337.43		5.3	$	-

Predecessor	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Life In Years		Aggregate Intrinsic Value
Outstanding, January 1, 2022		8,755,179	$	2.00
Granted		1,284,169		3.17
Exercised		-		-
Forfeited		-		-
Outstanding, December 12, 2022		10,039,348	$	2.15		5.9	$	3,271,992
Exercisable, December 12, 2022		8,258,023	$	1.91		5.3	$	3,271,992

Schedule of Information Related to Stock Options

The following table presents information related to stock options as of September 30, 2023:

	Options Outstanding		Options Exercisable
			Weighted
		Outstanding	Average	Exercisable
	Exercise	Number of	Remaining Life	Number of
	Price	Options	In Years	Options
$	15.25	41,523	10	4,286
$	73.85	2,858	-	-
$	79.10	372	-	-
$	176.05	18,952	2.3	18,952
$	396.55	351	8.8	351
$	405.30	20,819	5.5	20,819
$	572.60	16,877	7.7	11,876
		101,752	5.2	56,284

The following table presents information related to stock options as of December 31, 2022:

Successor
Options Outstanding				Options Exercisable
		Outstanding		Weighted Average		Exercisable
Exercise		Number of		Remaining Life		Number of
Price		Options		In Years		Options
$	176.05		18,952		3.1		18,952
$	396.55		351		9.5		351
$	405.30		20,819		6.3		20,819
$	572.60		16,877		8.3		6,908
			56,999		5.3		47,030

Summary of Warrant Activity

A summary of the warrant activity for the nine months ended September 30, 2023 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Life		Intrinsic
	Warrants			Price		In Years		Value
Outstanding, January 1, 2023		246,594		$	376.11
Issued		1,152,467			13.58
Exercised		(474,071	)		5.33
Forfeited		(2,796	)		109.69
Repriced - Old [1]		(24,672	)		402.50
Repriced - New [1]		141,868			70.00
Repriced - Old [2]		(39,372	)		35.00
Repriced - New [2]		39,372			5.78
Repriced - Old [3]		(203,464	)		5.78
Repriced - New [3]		203,464			4.75
Outstanding, September 30, 2023		1,039,384		$	100.25		4.6	$	-
Exercisable, September 30, 2023		832,690		$	123.37		4.4	$	-

[1]	Warrants represent the reset of the exercise price of the PIPE Warrants to purchase 24,671 shares of common stock to their floor price of $70.00 per share.
[2]	Warrants represent the reset of the exercise price of certain April 28, 2023 offering warrants to purchase 39,371 shares of common stock to a price of $5.79 per share.
[3]	Warrants represent the reset of the exercise price of certain July 26, 2023 offering warrants to purchase 203,463 shares of common stock to a price of $4.75 per share.

A summary of the warrant activity for the period December 13, 2022 through December 31, 2022 for the Successor and the period ending December 12, 2022 for the Predecessor is presented below:

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Life		Intrinsic
Successor	Warrants		Price		In Years		Value
Outstanding, December 13, 2022		246,594	$	376.11
Issued		-		-
Outstanding, December 31, 2022		246,594	$	376.11		4.8	$	-
Exercisable, December 31, 2022		244,598	$	376.11		4.8	$	-

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Life		Intrinsic
Predecessor	Warrants		Price		In Years		Value
Outstanding, January 1, 2022		2,154,352	$	1.98
Issued		6,406,210		1.37
Exercised		-		-
Outstanding, December 12, 2022		8,560,562	$	1.52		1.8	$	59,681
Exercisable, December 12, 2022		8,560,562	$	1.55		3.9	$	34,203

Schedule of Information Related to Stock Warrants

The following table presents information related to stock warrants as of September 30, 2023:

	Warrants Outstanding		Warrants Exercisable
		Outstanding	Weighted Average	Exercisable
	Exercise	Number of	Remaining Life	Number of
	Price	Warrants	In Years	Warrants
$	4.75	203,464	n/a	-
$	5.78	199,555	4.8	199,555
$	35.00	275,378	4.6	275,378
$	70.00	139,403	4.2	139,403
$	176.05	2,994	1.3	998
$	241.50	36,363	4.2	36,363
$	402.50	173,306	4.2	173,306
$	405.30	8,921	0.2	8,921
		1,039,384	4.4	833,924

The following table presents information related to stock warrants as of December 31, 2022 for the Successor:

Successor
Warrants Outstanding				Warrants Exercisable
Exercise		Outstanding		Weighted Average		Exercisable Number of
Price		Number of		Remaining Life		Warrants
$	176.05		2,994		2.0		998
$	241.50		36,363		4.9		36,363
$	402.50		197,985		4.9		197,985
$	405.30		9,252		1.0		9,252
			246,594		4.8		244,598

Schedule of Fair Value of Stock Warrants Granted

The issuance date fair value of stock warrants issued during the three and nine months ended September 30, 2023 and 2022 was determined using the Black Scholes method, with the following assumptions used:

		Successor		Predecessor	Successor		Predecessor
		For the Three		For the Three	For the Nine		For the Nine
		Months Ended		Months Ended	Months Ended		Months Ended
		September 30, 2023		September 30, 2022	September 30, 2023		September 30, 2022
Fair value of common stock on date of grant	$	4.90 - $5.95		n/a	$4.90 - $35.00		n/a
Risk free interest rate		4.09% - 4.42	%	n/a	3.51% - 4.42	%	n/a
Expected term (years)		4.9 - 5.5 years		n/a	5 years		n/a
Expected volatility		121 % - 123	%	n/a	121% - 123	%	n/a
Expected dividends		n/a		n/a	n/a		n/a