Notes Payable and Accrued Interest (Tables)

12 Months Ended

Dec. 31, 2017

Notes Payable and Accrued Interest [Abstract]

Notes payable and accrued interest

At December 31, 2017 and December 31, 2016, the Company's notes payable and accrued interest consisted of the following:

	December 31, 2017			December 31, 2016
Credit Facility:
Principal	$	134,000,000		$	110,100,000
Unamortized debt issuance costs		(2,216,000	)		(1,999,900	)
Accrued interest		278,900			83,600
SPE Financing:
Principal		13,511,900			17,623,600
Accrued interest		23,400			30,600
	$	145,598,200		$	125,837,900

Principal payments due under notes payable

As of December 31, 2017, principal payments due under the Company's notes payable were as follows:

Years ending
2018	$	4,300,700
2019		138,498,300
2020		4,712,900
	$	147,511,900