Note Payable and Revolving Line of Credit (Tables)

3 Months Ended

Mar. 31, 2024

Notes Payable [Abstract]

Carrying Value of Note Payable

As of March 31, 2024 and December 31, 2023 ,the carrying value of the Company’s note payable is summarized as follows:

Note Payable	March 31, 2024			December 31, 2023
Principal balance outstanding	$	17,101,816		$	17,244,687
Less: Loan procurement costs, net		(334,371	)		(343,468	)
Total note payable, net	$	16,767,445		$	16,901,219

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of March 31, 2024:

2024 (9 months)	$	439,221
2025		607,488
2026		633,449
2027		660,519
2028		688,746
2029 and thereafter		14,072,393
Total principal payments	$	17,101,816