STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | ||||
---|---|---|---|---|---|
Feb. 01, 2021 |
Oct. 03, 2019 |
Mar. 31, 2022 |
Mar. 31, 2021 |
Dec. 31, 2021 |
|
Class of Stock [Line Items] | |||||
Proceeds from offering price | $ 26,867 | ||||
Preferred Stock, Shares Authorized | 50,000,000 | 50,000,000 | |||
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | |||
Redeemable Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred Stock, Shares Authorized | 150,000 | ||||
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | ||||
Series A Convertible Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred Stock, Shares Authorized | 100,000 | ||||
Series A Covertible Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
[custom:PreferredStockSharesUndesignated-0] | 50,000 | ||||
Series A Preferred Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Number of common stock issued | 1,000 | 0 | |||
Preferred stock, liquidation preference description | The Series A Preferred Stock has a liquidation preference equal to the greater of (i) the original issuance price of $ | ||||
Preferred Stock, Liquidation Preference Per Share | $ 1,000.00 | ||||
[custom:PreferredStockDividendsPaidInAmountOfShares] | 1 | ||||
Preferred Stock, Amount of Preferred Dividends in Arrears | $ 0 | ||||
Preferred stock, voting rights | From and after the delivery of a Series A Voting Activation Notice, all holders of the Series A Preferred Stock will be entitled to vote with the holders of common stock as a single class on an as-converted basis (provided, however, that any holder of Series A Preferred Stock shall not be entitled to cast votes for the number of shares of common stock issuable upon conversion of such shares of Series A Preferred Stock held by such holder that exceeds the quotient of (1) the aggregate Series A Issue Price for such shares of Series A Preferred Stock divided by (2) $5.57 (subject to adjustment for stock splits, stock dividends, combinations, reclassifications and similar events, as applicable)). So long as shares of Series A Preferred Stock are outstanding and convertible into shares of common stock that represent at least 10% of the voting power of the common stock, or the Investors or their affiliates continue to hold at least 33% of the aggregate amount of Series A Preferred Stock issued to the Investors on the Original Issuance Date, the consent of the holders of at least a majority of the outstanding shares of Series A Preferred Stock will be necessary for the Company to, among other things, (i) liquidate the Company or any operating subsidiary or effect any deemed liquidation event (as such term is defined in the Charter), except for a deemed liquidation event in which the holders of Series A Preferred Stock receive an amount in cash not less than the Redemption Price (as defined below), (ii) amend the Company’s organizational documents in a manner that adversely affects the Series A Preferred Stock, (iii) issue any securities that are senior to, or equal in priority with, the Series A Preferred Stock or issue additional shares of Series A Preferred Stock to any person other than the Investors or their affiliates, (iv) incur indebtedness above the agreed-upon threshold, (v) change the size of the Company’s board of directors to a number other than seven, or (vi) enter into certain affiliated arrangements or transactions | ||||
Conversion price per share | $ 7.319 | ||||
Preferred stock, redemption, description | At any time after the third anniversary of the Original Issuance Date, subject to certain conditions, the Company may redeem the Series A Preferred Stock for an amount per share, equal to the greater of (i) the product of (x) 1.5 multiplied by (y) the sum of the Series A Issue Price, plus all accrued and unpaid dividends and (ii) the product of (x) the number of shares of common stock issuable upon conversion of such Series A Preferred Stock multiplied by (y) the volume weighted average price of the common stock during the 30 consecutive trading day period ending on the trading date immediately prior to the date of such redemption notice or, if calculated in connection with a deemed liquidation event, the value ascribed to a share of common stock in such deemed liquidation event (the “Redemption Price”) | ||||
Series A Preferred Stock [Member] | Minimum [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred Stock, Dividend Rate, Percentage | 7.50% | ||||
Series A Preferred Stock [Member] | Maximum [Member] | |||||
Class of Stock [Line Items] | |||||
Preferred Stock, Dividend Rate, Percentage | 17.50% | ||||
Series A Preferred Stock [Member] | Investors [Member] | |||||
Class of Stock [Line Items] | |||||
Number of common stock issued | 50,000 | ||||
Underwritten Agreement [Member] | Canaccord Genuity LLC [Member] | |||||
Class of Stock [Line Items] | |||||
Number of common stock issued | 4,428,000 | ||||
Proceeds from offering price | $ 28,800 |