Loans Payable (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|---|
Aug. 06, 2024 |
May 31, 2023 |
Sep. 30, 2021 |
Dec. 31, 2020 |
Mar. 31, 2025 |
Mar. 31, 2025 |
|
Contingent conversion of debt | $ 4,921,875 | |||||
Convertible promissory notes | $ 4,500,000 | 4,500,000 | ||||
Unamortized debt discount | $ 700,000 | $ 700,000 | ||||
Interest rate | 5.70% | |||||
Bridge Note [Member] | ||||||
Interest rate | 12.50% | |||||
Principal amount | $ 3,000,000 | |||||
Original issue discount | 7.00% | |||||
Net proceeds | $ 2,700,000 | |||||
Debt term | 1 year | |||||
Description of Bridge Note | Bridge Note and $1.5 million of cash was exchanged for: (i) 687,750 shares of Class A Common Stock at a purchase price of approximately $2.15 per share issued in connection with the Class A Common Securities Purchase Agreement; (ii) approximately 1,957 shares of Series G Convertible Preferred Stock issued in connection with the Securities Purchase Agreement; (iii) warrants to purchase 512,091 shares of Class A Common Stock, with an exercise price of $2.58 per share, of which 170,697 were issued in connection with the Class A Common Securities Purchase Agreement and 341,394 were issued in connection with the Securities Purchase Agreement and (iii) an Acquisition Note in an aggregate principal amount of approximately $1.2 million issued in connection with the Securities Purchase Agreement | |||||
Interest rate increase, per annum | 18.00% | |||||
Minimum [Member] | ||||||
Accrue interest, rate | 10.00% | |||||
Maximum [Member] | ||||||
Accrue interest, rate | 12.00% | |||||
2020 Equipment Loan | ||||||
Interest Rate On Borrowing | 3.30% | 3.30% | ||||
Installment Term | 52 months | 60 months | ||||
Advances | $ 267,000 | $ 275,000 | ||||
2023 Equipment Loan | ||||||
Interest Rate On Borrowing | 4.85% | 4.85% | ||||
Installment Term | 48 months | |||||
Advances | $ 141,245 | $ 141,815 |