Note Payable and Revolving Line of Credit (Tables)

12 Months Ended

Dec. 31, 2021

Notes Payable [Abstract]

Carrying Value of Note Payable

As of December 31, 2021 and 2020 the carrying value of the Company’s note payable is summarized as follows:

Note Payable	December 31, 2021			December 31, 2020
Principal balance outstanding	$	18,335,407		$	18,847,475
Less: Loan procurement costs, net		(418,894	)		(458,299	)
Total note payable, net	$	17,916,513		$	18,389,176

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of December 31, 2021:

2022	$	535,816
2023		558,714
2024		582,591
2025		607,488
2026		633,449
2026 and thereafter		15,417,349
Total principal payments	$	18,335,407