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Accounts Payable, Accrued Expenses and Other Liabilities | 3 Months Ended
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Mar. 31, 2023
Payables and Accruals [Abstract] |
Accounts Payable, Accrued Expenses and Other Liabilities | 14. Accounts Payable, Accrued Expenses and Other Liabilities The following table summarizes the Partnership's accounts payable, accrued expenses and other liabilities as of March 31, 2023 and December 31, 2022:
|  | March 31, 2023 |  |  | December 31, 2022 |
Accounts payable |  | $ | 1,150,496 |  |  | $ | 1,244,918 |
Accrued expenses |  |  | 3,381,482 |  |  |  | 4,888,438 |
Accrued interest expense |  |  | 7,886,085 |  |  |  | 7,186,021 |
Derivative instruments at fair value (Note 18) |  |  | 1,229,988 |  |  |  | - |
Deferred gain on sale of MF Property |  |  | 6,596,622 |  |  |  | 6,596,622 |
Reserve for credit losses on unfunded commitments (Note 13) |  |  | 1,280,000 |  |  |  | - |
Other liabilities |  |  | 1,883,316 |  |  |  | 1,817,507 |
Total accounts payable, accrued expenses and other liabilities |  | $ | 23,407,989 |  |  | $ | 21,733,506 |
On January 1, 2023, the Partnership adopted ASU 2016-13 which replaced the incurred loss methodology with an expected loss model known as the CECL model. See Note 13 for information regarding the Partnership’s allowance for credit losses related to its unfunded commitments.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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