Invalid MEX-file 'MEX-file name': The specified module could not be found.
In short: run the following command in your Matlab
KbCheck(-1)
The INFO will check your dependencies and tell you what to do. In my case it told me to copy a .dll file from where you install Psychtoolbox to C:\Windows\System32, then problem solved.
Hope this solution works for you. It works for me and it’s a life-saver.