NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

SCHEDULE OF FUTURE PRINCIPAL PAYMENTS, NET OF UNAMORTIZED DEBT DISCOUNTS

The following is a schedule of future principal payments, net of unamortized debt discounts and amortized end-of-term fee, due on the SVB Loan Facility:

	As of December 31,
2023	$	1,500,000
2024		3,000,000
2025 and thereafter		1,500,000
Subtotal of future principal payments		6,000,000
Amortized end-of-term fee, net		(35,720	)
Total	$	5,964,280

SCHEDULE OF DEBT

On June 18, 2021, as a condition of entering into the SVB Loan Facility, the Company paid the outstanding principal balance, an early termination fee and the end of term charges in full satisfaction of the Horizon Credit Agreement, as amended. The following is a schedule of the amounts paid to Horizon on June 18, 2021:

Principal balance at June 18, 2021	$	5,000,000
Early termination fees		150,000
End of term charges		275,000
Total	$	5,425,000