Note Payable (Tables)

6 Months Ended

Jun. 30, 2021

Notes Payable [Abstract]

Carrying Value of Note Payable

The carrying value of the Company’s note payable is summarized as follows:

Note Payable	June 30, 2021			December 31, 2020
Principal balance outstanding	$	18,594,120		$	18,847,475
Less: Loan procurement costs, net		(438,461	)		(458,299	)
Total note payable, net	$	18,155,659		$	18,389,176

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of June 30, 2021:

2021 (6 months)	$	302,360
2022		535,816
2023		558,714
2024		582,591
2025		607,488
2026 and thereafter		16,007,151
Total principal payments	$	18,594,120