Debt (Details Narrative) - USD ($) |
6 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 09, 2022 |
Nov. 09, 2021 |
Jul. 22, 2021 |
Mar. 30, 2021 |
Feb. 23, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
Aug. 18, 2022 |
Jun. 29, 2022 |
Dec. 31, 2021 |
Nov. 30, 2021 |
Feb. 18, 2021 |
|
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument face amount | $ 55,000,000 | $ 56,955,168 | $ 5,000,000 | |||||||||
Convertible notes payable | $ 112,990,000 | $ 113,000,000 | ||||||||||
Amount received by agent | $ 120,261 | |||||||||||
Cash compensation | 2,184,327 | $ 10,003,767 | ||||||||||
Class of warrant | $ 0.36 | $ 0.65 | ||||||||||
Cryptyde LLC [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Shares issued | 1,000,000 | |||||||||||
Shares issued, price per share | $ 2.18 | |||||||||||
Investor [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Conversion, original debt | $ 7,000,000 | |||||||||||
Debt, conversion converted instrument | 1,750,000 | |||||||||||
Note Holder [Member] | Cryptyde LLC [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Business acquisition, agreement | (i) amend certain provisions of the July 2021 Note to (a) convert $10,000 of the principal amount of the July 2021 Note at a conversion price of $0.01 into shares of Common Stock, (b) extend the maturity date under the July Note to July 22, 2023, (c) increase the interest rate on the July 2021 Note from zero percent (0%) to six percent (6.0%), (d) reduce the maximum cap of the minimum cash in the control account from $100,000,000 to $80,000,000, and (e) require the Company to redeem $33,000,000 of the principal of the July 2021 Note, together with accrued and unpaid interest and accrued and unpaid late charges on such principal and interest, on July 22, 2022; (ii) to extend certain dates relating to (x) the Company’s registration of certain securities under the Warrant Exercise Agreements dated September 1, 2021, November 11, 2021 and December 20, 2021 to April 30, 2022, (y) the Company’s filing of a proxy statement to April 30, 2022 and (z) the Company holding a stockholder meeting and obtaining a stockholder vote to June 4, 2022 or July 4, 2022 in the event that the Company receives comments from the SEC with respect to the proxy statement; and (iii) to waive any adjustments to convertible securities or options as a result of the Adjusted Conversion Price (as defined in the Amendment Agreement). | |||||||||||
Conversion of principal amount | $ 10,000 | |||||||||||
Conversion price, per share | $ 0.01 | |||||||||||
Redemption premium, accrued and unpaid | $ 33,000,000 | |||||||||||
Note Holder [Member] | Cryptyde LLC [Member] | Minimum [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Restricted cash | 100,000,000 | |||||||||||
Note Holder [Member] | Cryptyde LLC [Member] | Maximum [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Restricted cash | $ 80,000,000 | |||||||||||
ZASH global media and entertainment corporation [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument face amount | 19,500,250 | |||||||||||
Palladium Capital Group LLC [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Cash compensation, description | The placement agent received $9,000,000 of which $1,000,000 was cash compensation and $8,000,000 was deferred cash compensation (8% of the gross proceeds to the Company plus an additional 1% of the gross proceeds to the Company for non-accountable expenses). The Company has paid $4,000,000 of the deferred cash compensation and $4,000,000 remains outstanding in accounts payable as of June 30, 2022. | |||||||||||
Amount received by agent | $ 9,000,000 | |||||||||||
Cash compensation | 1,000,000 | |||||||||||
Deferred cash compensation | $ 8,000,000 | 4,000,000 | ||||||||||
Deferred cash compensatio, description | 8.00% | |||||||||||
Deferred cash compensation paid | $ 4,000,000 | |||||||||||
Loan Agreement [Member] | Convertible Notes Payable - Related Parties [Member] | ZASH global media and entertainment corporation [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument face amount | $ 1,000,000 | $ 1,500,000 | ||||||||||
Debt maturity date | Mar. 28, 2028 | Feb. 22, 2028 | ||||||||||
Debt instrument, interest rate, percentage | 2.00% | 2.00% | ||||||||||
Debt conversion, description | Under the terms of the loan agreement, the loan is convertible at a 20% discount to a $150 million valuation of Lomotif Private Limited. | Under the terms of the agreement, the loan is convertible at a 20% discount to a $150 million valuation of Lomotif Private Limited | ||||||||||
Securities Purchase Agreement [Member] | Investor [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Class of warrant | $ 2.655 | |||||||||||
Warrants purchase | 32,697,548 | |||||||||||
Securities Purchase Agreement [Member] | Private Placement [Member] | Investor [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Warrant term | 5 years | |||||||||||
Securities Purchase Agreement [Member] | Senior Secured Convertible Note [Member] | Private Placement [Member] | Investor [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt instrument face amount | $ 120,000,000 | |||||||||||
Convertible notes payable | $ 100,000,000 | |||||||||||
Securities Purchase Agreement [Member] | Senior Secured Convertible Note [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Debt maturity date | Jul. 22, 2022 | |||||||||||
Debt instrument, interest rate, percentage | 18.00% | |||||||||||
Debt annual Interest rate | 6.00% | |||||||||||
Debt, conversion price | $ 4.00 | |||||||||||
Deposit Account Control Agreement [Member] | ||||||||||||
Short-Term Debt [Line Items] | ||||||||||||
Restricted cash | $ 100,000,000 | |||||||||||
Deferred discount | 120,000,000 | |||||||||||
Original issue discount | 20,000,000 | |||||||||||
Debt instrument, fee amount | 9,300,000 | |||||||||||
Fair value of warrant issued | $ 90,700,000 |