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v3.24.1

Note Payable and Revolving Line of Credit (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Payable [Abstract] |
Carrying Value of Note Payable | As of December 31, 2023 and 2022 the carrying value of the Company’s note payable is summarized as follows:
Note Payable |  | December 31, 2023 |  |  | December 31, 2022 |
Principal balance outstanding |  | $ | 17,244,687 |  |  | $ | 17,801,456 |
Less: Loan procurement costs, net |  |  | (343,468 | ) |  |  | (380,602 | )
Total note payable, net |  | $ | 16,901,219 |  |  | $ | 17,420,854 |
Future Principal Payment Requirements | The following table represents the future principal payment requirements on the note payable as of December 31, 2023:
2024 |  | $ | 582,591 |
2025 |  |  | 607,488 |
2026 |  |  | 633,449 |
2027 |  |  | 660,519 |
2028 |  |  | 688,746 |
2029 and thereafter |  |  | 14,071,894 |
Total principal payments |  | $ | 17,244,687 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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