Note Payable (Tables)

3 Months Ended

Mar. 31, 2019

Notes Payable [Abstract]

Carrying Value of Note Payable

As of March 31, 2019, the Company’s note payable is summarized as follows:

Note Payable	Carrying Value
Principal balance outstanding	$	19,693,614
Less: Loan procurement costs, net		(529,795	)
Total note payable, net	$	19,163,819

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of March 31, 2019:

2019	$	395,201
2020		492,797
2021		513,857
2022		535,816
2023		558,714
2024 and thereafter		17,197,229
Total principal payments		19,693,614
Less: Loan procurement costs, net		(529,795	)
Total note payable	$	19,163,819