Note Payable (Tables)

6 Months Ended

Jun. 30, 2019

Notes Payable [Abstract]

Carrying Value of Note Payable

As of June 30, 2019, the Company’s note payable is summarized as follows:

Note Payable	Carrying Value
Principal balance outstanding	$	19,576,497
Less: Loan procurement costs, net		(519,390	)
Total note payable, net	$	19,057,107

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of June 30, 2019:

2019	$	278,084
2020		492,797
2021		513,857
2022		535,816
2023		558,714
2024 and thereafter		17,197,229
Total principal payments		19,576,497
Less: Loan procurement costs, net		(519,390	)
Total note payable	$	19,057,107