DEBT AND CREDIT FACILITIES (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

SCHEDULE OF LONG-TERM DEBT

The table below presents the components of the Company’s outstanding debt for the periods presented:

	September 30, 2024			December 31, 2023
CRG Term Loan	$	30,500,000		$	-
Paid-in-kind interest		424,067			-
Back-end fee		219,689			-
Cadence Term Loan		-			9,750,000
Debt		31,143,756			9,750,000
Less: unamortized debt issuance costs		(1,067,041	)		(56,520	)
Debt, net of debt issuance costs		30,076,715			9,693,480
Less: Current portion of debt		-			580,357
Long-term debt, net of current portion	$	30,076,715		$	9,113,123

SCHEDULE OF MATURITIES OUTSTANDING

The table below presents the aggregate maturities of the Company’s outstanding debt as of September 30, 2024:

Year	Total
Remainder of 2024	$	-
2025		-
2026		-
2027		-
2028		-
Thereafter		31,143,756
Total debt	$	31,143,756