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Note Payable (Tables) | 3 Months Ended
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Mar. 31, 2022
Notes Payable [Abstract] |
Carrying Value of Note Payable | The carrying value of the Company’s note payable is summarized as follows:
Note Payable |  | March 31, 2022 |  |  | December 31, 2021 |
Principal balance outstanding |  | $ | 18,204,007 |  |  | $ | 18,335,407 |
Less: Loan procurement costs, net |  |  | (409,216 | ) |  |  | (418,894 | )
Total note payable, net |  | $ | 17,794,791 |  |  | $ | 17,916,513 |
Future Principal Payment Requirements | The following table represents the future principal payment requirements on the note payable as of March 31, 2022:
2022 (9 months) |  | $ | 403,957 |
2023 |  |  | 558,714 |
2024 |  |  | 582,591 |
2025 |  |  | 607,488 |
2026 |  |  | 633,449 |
2027 and thereafter |  |  | 15,417,808 |
Total principal payments |  | $ | 18,204,007 |

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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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