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Accounts Payable, Accrued Expenses and Other Liabilities (Tables)
12 Months Ended
Dec. 31, 2019
Payables And Accruals [Abstract]  
Summary of Partnership's Accounts Payable, Accrued Expenses and Other Liabilities

The following table summarizes the Partnership’s accounts payable, accrued expenses and other liabilities as of December 31, 2019 and 2018:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

Accounts payable

 

$

93,834

 

 

$

230,631

 

Accrued expenses

 

 

2,529,982

 

 

 

2,956,368

 

Accrued interest expense

 

 

2,690,076

 

 

 

2,270,348

 

Operating lease liabilities

 

 

2,138,783

 

 

 

-

 

Other liabilities

 

 

1,583,492

 

 

 

2,086,475

 

Total accounts payable, accrued expenses and other liabilities

 

$

9,036,167

 

 

$

7,543,822

 

Summary of Future Contractual Payments for the Partnership's Operating Leases and Reconciliation to the Carrying Value of Operating Lease Liabilities

The Partnership’s contractual payments related to operating leases for the twelve-month periods ending December 31st for the next five years and thereafter, and a reconciliation to the carrying value of operating lease liabilities, are as follows:

 

2020

 

$

135,812

 

2021

 

 

136,366

 

2022

 

 

139,091

 

2023

 

 

141,871

 

2024

 

 

144,706

 

Thereafter

 

 

4,517,273

 

Total

 

 

5,215,119

 

Less:  Amount representing interest

 

 

(3,076,336

)

Total operating lease liabilities

 

$

2,138,783