THE BUSINESS COMBINATION (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands |
6 Months Ended | ||
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Jun. 30, 2022 |
Dec. 31, 2021 |
Aug. 13, 2021 |
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Debt Instrument [Line Items] | |||
Restricted stock units issued | $ 17,500,000 | ||
Warrants issued | 11,500,000 | ||
Professional fees | 27,000 | ||
Principal amount | $ 50,000 | $ 50,000 | |
Stock options exchanged | 5,815,796 | ||
Restricted stock units issued | 1,750,000 | ||
Stock reserved for issuance | 4,257,718 | ||
P I P E Investor [Member] | |||
Debt Instrument [Line Items] | |||
Number of share purchase | 7,500,000 | ||
Share purchase price | $ 75,000 | ||
Secured Convertible Notes [Member] | |||
Debt Instrument [Line Items] | |||
Conversion price | $ 12.50 | ||
Principal amount | $ 50,000,000 | ||
Interest rate | 7.00% | ||
Maturity date | Dec. 30, 2024 |
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per share decrease in conversion price of convertible common stock. Excludes change due to standard antidilution provision. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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