Note Payable and Revolving Line of Credit (Tables)

12 Months Ended

Dec. 31, 2018

Notes Payable [Abstract]

Carrying Value of Note Payable

As of December 31, 2018 and 2017 the carrying value of the Company’s note payable is summarized as follows:

Note Payable	December 31, 2018			December 31, 2017
Principal balance outstanding	$	19,809,511		$	20,000,000
Less: Loan procurement costs, net		(540,261	)		(282,595	)
Total note payable, net	$	19,269,250		$	19,717,405

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of December 31, 2018:

2019	$	511,098
2020		492,797
2021		513,857
2022		535,816
2023		558,714
2024 and thereafter		17,197,229
Total principal payments		19,809,511
Less: Loan procurement costs, net		(540,261	)
Total note payable	$	19,269,250