NOTES PAYABLE (Details Narrative) - USD ($)
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3 Months Ended |
6 Months Ended |
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May 08, 2024 |
Jul. 28, 2023 |
Apr. 27, 2023 |
Jan. 10, 2023 |
Nov. 07, 2022 |
Jun. 23, 2022 |
Oct. 29, 2021 |
Sep. 30, 2023 |
Dec. 31, 2024 |
Apr. 01, 2025 |
Mar. 01, 2025 |
Jan. 22, 2025 |
May 31, 2024 |
Jan. 30, 2024 |
Nov. 02, 2023 |
Gibraltar Business Capital, LLC ("GBC") [Member] | Subsequent Event [Member] |
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Line of Credit Facility [Line Items] |
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Nonrefundable fees |
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$ 50,000
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Due and payable |
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$ 25,000
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Forecast [Member] | Gibraltar Business Capital, LLC ("GBC") [Member] |
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Line of Credit Facility [Line Items] |
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Due and payable |
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$ 25,000
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Third Amendment to Loan and Security Agreement [Member] | Silicon Valley Bank [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility commitment fee amount |
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$ 12,500
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Fourth Amendment to Loan and Security Agreement [Member] | Gibraltar Business Capital, LLC ("GBC") [Member] | Subsequent Event [Member] |
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Line of Credit Facility [Line Items] |
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Nonrefundable amendment fees |
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$ 50,000
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Due and payable |
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$ 25,000
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Fourth Amendment to Loan and Security Agreement [Member] | Silicon Valley Bank [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility commitment fee amount |
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$ 10,000
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Fourth Amendment to Loan and Security Agreement [Member] | Forecast [Member] | Gibraltar Business Capital, LLC ("GBC") [Member] |
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Line of Credit Facility [Line Items] |
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Due and payable |
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$ 25,000
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Security Agreement [Member] |
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Line of Credit Facility [Line Items] |
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Legal fee |
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$ 30,000
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Gibraltar Business Capital, LLC ("GBC") [Member] | Loan and Security Agreement [Member] |
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Line of Credit Facility [Line Items] |
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Loan amount |
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$ 15,000,000.0
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Line of credit maturity date |
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Jul. 28, 2025
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Loan amount interest rate of renewal fee |
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0.75%
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Loan terms |
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In
addition, subject to conditions and terms set forth in the Agreement, the Company may request an increase in the Revolving Loan Commitment
from time to time upon not less than 30 days’ notice to GBC which increase may be made at the sole discretion of GBC, as long as:
(a) the requested increase is in a minimum amount of $1,000,000, and (b) the total increases do not exceed $5,000,000 and no more than
five (5) increases are made.
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Line of credit facility remaining borrowing capacity |
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$ 1,000,000
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Line of credit facility maximum borrowing capacity |
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$ 5,000,000
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Loan amount interest rate of outstanding principal |
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5.50%
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Loan amount interest rate |
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3.00%
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Loan amount fee |
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$ 112,500
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Loan amount interest rate unused |
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0.50%
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Gibraltar Business Capital, LLC ("GBC") [Member] | Loan and Security Agreement [Member] | First Year After Closing Date [Member] |
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Line of Credit Facility [Line Items] |
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Loan amount interest rate of outstanding principal |
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2.00%
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Gibraltar Business Capital, LLC ("GBC") [Member] | Loan and Security Agreement [Member] | One Year After Closing Date [Member] |
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Line of Credit Facility [Line Items] |
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Loan amount interest rate of outstanding principal |
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1.00%
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Gibraltar Business Capital, LLC ("GBC") [Member] | First Amendment to Loan and Security Agreement [Member] |
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Line of Credit Facility [Line Items] |
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Principal amount |
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$ 2,000,000
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Gibraltar Business Capital, LLC ("GBC") [Member] | Second Amendment to Loan and Security Agreement [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility remaining borrowing capacity |
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$ 6,300,000
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Nonrefundable fees |
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$ 7,500
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Nonrefundable amendment fees |
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10,000
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Line of credit facility, drawdowns |
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30,100,000
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Line of credit facility, periodic payment |
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34,200,000
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Line of credit |
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$ 9,700,000
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Waiver description |
the Company
received a Waiver, which waived the Default, subject to satisfaction of the following conditions: (i) receipt of a counterpart of the
Waiver duly executed by the Company; (ii) receipt of the waiver fee of $20,000; (iii) receipt of the representations and warranties from
the Company that after giving effect to the Waiver, the representations and warranties contained in the Agreement, the Waiver and the
other Loan Documents shall be true and correct; and (iv) after giving effect to the Waiver, no additional event of default shall have
occurred and be continuing on and as of the effective date of the Waiver.
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Gibraltar Business Capital, LLC ("GBC") [Member] | Second Amendment to Loan and Security Agreement [Member] | Minimum [Member] |
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Line of Credit Facility [Line Items] |
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Commitment |
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15,000,000.0
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Gibraltar Business Capital, LLC ("GBC") [Member] | Second Amendment to Loan and Security Agreement [Member] | Maximum [Member] |
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Line of Credit Facility [Line Items] |
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Commitment |
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$ 16,000,000.0
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Gibraltar Business Capital, LLC ("GBC") [Member] | Third Amendment to Loan and Security Agreement [Member] |
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Line of Credit Facility [Line Items] |
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Nonrefundable amendment fees |
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$ 50,000
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Silicon Valley Bank [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility, drawdowns |
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$ 1,400,000
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Line of credit facility, periodic payment |
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$ 11,300,000
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Silicon Valley Bank [Member] | First Amendment to Loan and Security Agreement [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit maturity date |
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Nov. 07, 2022
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Line of credit facility maximum borrowing capacity |
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$ 6,000,000.0
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Line of credit interest rate description |
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(i) Prime Rate plus two and a half percent (2.50%), or (ii) five and three-quarters percent (5.75%). The Company paid
a non-refundable commitment fee of $15,000 upon execution of the Agreement and an additional non-refundable commitment fee of $22,500
in connection with the First Amendment.
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Line of credit facility commitment fee amount |
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$ 15,000
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Silicon Valley Bank [Member] | First Amendment to Loan and Security Agreement [Member] | Minimum [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility maximum borrowing capacity |
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4,000,000.0
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Silicon Valley Bank [Member] | First Amendment to Loan and Security Agreement [Member] | Maximum [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility maximum borrowing capacity |
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$ 6,000,000.0
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Silicon Valley Bank [Member] | Second Amendment to Loan and Security Agreement [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility maximum borrowing capacity |
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$ 8,000,000.0
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Line of credit facility commitment fee amount |
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$ 5,000
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Warrant term |
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12 years
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Purchase of common stock into warrant shares |
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40,806
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Warrant exercise price per share |
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$ 2.23
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Silicon Valley Bank [Member] | Second Amendment And Security Agreement One [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit interest rate description |
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(A) Prime Rate plus three and one-half of one percent (3.50%) or
(B) seven and one-half of one percent (7.50%). Interest payments are due monthly on the last day of the month. In addition, the Company
is required to pay a quarterly unused facility fee equal to one-quarter of one percent (0.25%) per annum of the average daily unused
portion of the $8.0 million commitment under the SVB Credit Facility, depending upon availability of borrowings under the Revolving LOC.
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Silicon Valley Bank [Member] | Fourth Amendmen And Security Agreement [Member] | Minimum [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility maximum borrowing capacity |
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8,000,000.0
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Silicon Valley Bank [Member] | Fourth Amendmen And Security Agreement [Member] | Maximum [Member] | Revolving Credit Facility [Member] |
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Line of Credit Facility [Line Items] |
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Line of credit facility maximum borrowing capacity |
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$ 14,000,000.0
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