DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Maturities of Long-Term Debt

Scheduled principal payments on the 2027 Senior Notes as of June 30, 2024 are as follows:

	2027 Senior Notes
Year
2024 (remaining)	$	—
2025	—
2026	—
2027	90,000,000
2028	—
Thereafter	—
Total principal	90,000,000
Deferred financing costs included in senior notes	(1,688,279)
Total due senior notes, net	$	88,311,721

Summary of Interest Expense

The following tables reflect a summary of interest expense incurred during the three and six months ended June 30, 2024 and 2023:

	Three months ended June 30, 2024
	2027 Senior Notes		Revolving Credit Facility		Total Borrowings
Interest expense	$	1,293,750	$	26,250	$	1,320,000
Unused fee expense	—		—		—
Amortization of deferred financing costs	157,332		95,943		253,275
Total interest expense	$	1,451,082	$	122,193	$	1,573,275

	Three months ended June 30, 2023
	2027 Senior Notes		Revolving Credit Facility		Total Borrowings
Interest expense	$	1,293,750	$	—	$	1,293,750
Unused fee expense	—		38,749		38,749
Amortization of deferred financing costs	166,082		77,194		243,276
Total interest expense	$	1,459,832	$	115,943	$	1,575,775

	Six months ended June 30, 2024
	2027 Senior Notes		Revolving Credit Facility		Total Borrowings
Interest expense	$	2,587,500	$	82,387	$	2,669,887
Unused fee expense	—		—		—
Amortization of deferred financing costs	314,664		191,887		506,551
Total interest expense	$	2,902,164	$	274,274	$	3,176,438

	Six months ended June 30, 2023
	2027 Senior Notes		Revolving Credit Facility		Total Borrowings
Interest expense	$	2,702,500	$	26,667	$	2,729,167
Unused fee expense	—		74,582		74,582
Amortization of deferred financing costs	323,734		116,452		440,186
Total interest expense	$	3,026,234	$	217,701	$	3,243,935