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Bank Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of debt proceeds received and principal repayments made during the year

		During the Year Ended December 31, 2020								During the Year Ended December 31, 2019
		Proceeds from Debt Issuance				Debt Principal Repayments				Proceeds from Debt Issuance				Debt Principal Repayments
Loan #1		$	—			$	(493,696	)		$	—			$	(68,908	)
Loan #2			—				(2,143,771	)			—				(89,997	)
Loan #3			—				(3,236,429	)			—				(562,857	)
Loan #4			—				(2,336,000	)			—				(128,000	)
Loan #5			—				(309,182	)			—				(11,585	)
Loan #6			5,100,000				(720,001	)			—				—
Loan #7			3,500,000				(334,489	)			—				—
Loan #8(1)			937,700				(937,700	)			—				—
Loan #9			500,000				—				—				—
Loan #10			1,500,000				—				—				—
Total		$	11,537,700			$	(10,511,268	)		$	—			$	(861,347	)

⁽¹⁾ Loan #8 was forgiven by the federal government during the fourth quarter of 2020.

		During the Three-Month Period Ended March 31, 2021								During the Three-Month Period Ended March 31, 2020
		Proceeds from Debt Issuance				Debt Principal Repayments				Proceeds from Debt Issuance				Debt Principal Repayments
Loan #1		$	—			$	—			$	—			$	(493,696	)
Loan #2			—				—				—				(2,143,771	)
Loan #3			—				—				—				(3,236,429	)
Loan #4			—				—				—				(2,336,000	)
Loan #5			—				—				—				(309,182	)
Loan #6			—				(28,922	)			5,100,000				—
Loan #7			—				(113,991	)			3,500,000				—
Loan #10			—				(47,464	)			—				—
Total		$	—			$	(190,377	)		$	8,600,000			$	(8,519,078	)

Schedule of principal payments due under debt outstanding

		During the Nine-Month Period Ending				During the Years Ending December 31,
		December 31, 2021				2022				2023				2024				2025				2026 and After				Total
Loan #6		$	86,936			$	120,291			$	124,629			$	128,725			$	133,768			$	3,756,729			$	4,351,078
Loan #7			346,616				477,220				494,433				512,102				530,738				690,411				3,051,520
Loan #9			—				22,160				91,446				96,104				101,001				189,289				500,000
Loan #10			144,306				198,710				205,878				213,217				220,994				469,431				1,452,536
Subtotal			577,858				818,381				916,386				950,148				986,501				5,105,860				9,355,134
Debt issuance costs			(5,881	)			(6,175	)			(5,768	)			(5,768	)			(5,769	)			(14,431	)			(43,792	)
Total		$	571,977			$	812,206			$	910,618			$	944,380			$	980,732			$	5,091,429			$	9,311,342

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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