Note Payable and Revolving Line of Credit (Tables)

12 Months Ended

Dec. 31, 2023

Notes Payable [Abstract]

Carrying Value of Note Payable

As of December 31, 2023 and 2022 the carrying value of the Company’s note payable is summarized as follows:

Note Payable	December 31, 2023			December 31, 2022
Principal balance outstanding	$	17,244,687		$	17,801,456
Less: Loan procurement costs, net		(343,468	)		(380,602	)
Total note payable, net	$	16,901,219		$	17,420,854

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of December 31, 2023:

2024	$	582,591
2025		607,488
2026		633,449
2027		660,519
2028		688,746
2029 and thereafter		14,071,894
Total principal payments	$	17,244,687