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Notes Payable (Tables)
6 Months Ended
Jun. 30, 2021
Notes Payable [Abstract]  
Notes Payable
Notes payable consisted of the following as of June 30, 2021 and December 31, 2020:
 

         
As of
June 30,
   
As of
December 31,
 
Maturity Date
     
Payment Terms
 
2021
   
2021
Effective Rate
   
2020
   
2020
Effective Rate
 
May 1, 2021
     
Interest is payable monthly at 14.00%
 
$
-
     
-
   
$
20,000,000
     
14.00
%
February 28, 2022
   
(1
)
Non-interest bearing
   
1,056,000
     
0.00
%
   
832,000
     
0.00
%
April 1, 2022
   
(1
)
Interest is payable monthly at 12.50%
   
717,642
     
12.50
%
   
1,735,161
     
12.50
%
July 31, 2022
   
(1
)
Interest is payable monthly at 9.25%
   
2,274,889
     
9.25
%
   
3,984,174
     
9.25
%
March 25, 2023
   
(1
)
Interest is payable monthly at 5.00%    
-
     
-
     
3,101,947
     
5.00
%
Total notes payable
             
$
4,048,531
           
$
29,653,282
         
Less: Debt issuance costs from notes payable
             
-
             
(15,444
)
       
Notes payable, net of discount
             
$
4,048,531
           
$
29,637,838
         

(1) These notes payable relate to our consolidated joint ventures and are non-recourse to the Company.