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Note Payable (Tables) | 6 Months Ended
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Jun. 30, 2021
Notes Payable [Abstract] |
Carrying Value of Note Payable | The carrying value of the Company’s note payable is summarized as follows:
Note Payable |  | June 30, 2021 |  |  | December 31, 2020 |
Principal balance outstanding |  | $ | 18,594,120 |  |  | $ | 18,847,475 |
Less: Loan procurement costs, net |  |  | (438,461 | ) |  |  | (458,299 | )
Total note payable, net |  | $ | 18,155,659 |  |  | $ | 18,389,176 |
Future Principal Payment Requirements | The following table represents the future principal payment requirements on the note payable as of June 30, 2021:
2021 (6 months) |  | $ | 302,360 |
2022 |  |  | 535,816 |
2023 |  |  | 558,714 |
2024 |  |  | 582,591 |
2025 |  |  | 607,488 |
2026 and thereafter |  |  | 16,007,151 |
Total principal payments |  | $ | 18,594,120 |

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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