XML 57 R47.htm IDEA: XBRL DOCUMENT v3.23.3

LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

Outstanding principal balances of Long-term debt comprises of the following:

			September 30, 2023												December 31, 2022
			Cost						Fair value						Cost						Fair value
Market-indexed notes:
LMATT Series 2024, Inc.			$	9,866,900					$	9,311,800					$	9,866,900					$	8,067,291
LMATT Series 2.2024, Inc.			2,333,391						3,027,681						2,333,391						2,354,013
LMATT Growth & Income Series 1.2026, Inc			400,000						427,284						400,000						400,000
Secured borrowing:
LMA Income Series, LP			21,889,444						22,242,291						17,428,349						17,428,349
LMA Income Series II, LP			24,535,851						24,535,851						—						—
Unsecured borrowing:
Owl Rock Credit Facility			25,000,000						25,000,000						—						—
SPV Purchase and Sale Note			25,750,000						25,750,000						—						—
Sponsor PIK Note			10,785,778						10,785,778						—						—
Deferred Financing Cost			(2,266,858)						(2,266,858)						—						—
Total long-term debt			$	118,294,506					$	118,813,827					$	30,028,640					$	28,249,653

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration