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DEBT AND CREDIT FACILITIES (Tables)
 12 Months Ended
Dec. 31, 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:

 

   December 31,
2024		   December 31,
2023		 
CRG Term Loan  $30,500,000   $- 
Paid-in-kind interest   838,965    - 
Back-end fee   358,086    - 
Cadence Term Loan   -    9,750,000 
Debt   31,697,051    9,750,000 
           
Less: unamortized debt issuance costs   (1,007,761)   (56,520)
           
Debt, net of debt issuance costs   30,689,290    9,693,480 
           
Less: Current portion of debt   -    580,357 
Long-term debt, net of current portion  $30,689,290   $9,113,123 
SCHEDULE OF MATURITIES OUTSTANDING

The table below presents the aggregate maturities of the Company’s outstanding debt as of December 31, 2024:

 

Year  Total 
     
2025  $- 
2026   - 
2027   - 
2028   - 
2029   31,697,051 
Thereafter   - 
Total debt  $31,697,051