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v3.23.2

Bank Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Bank Debt [Abstract] |
Schedule of Debt Proceeds Received and Principal Repayments | Debt proceeds received and principal repayments made (excluding our $1,000,000 line of credit) during the three-month periods ended June 30, 2023 and 2022 are reflected in the following table by period and by loan:
|  | During the Three-Month Period Ended June 30, 2023 |  |  | During the Three-Month Period Ended June 30, 2022 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (55,114 | ) |  | $ | — |  |  | $ | (60,477 | )
Loan #2 |  |  | — |  |  |  | (122,905 | ) |  |  | — |  |  |  | (118,586 | )
Loan #3 |  |  | — |  |  |  | (22,717 | ) |  |  | — |  |  |  | — |
Loan #4 |  |  | — |  |  |  | (51,165 | ) |  |  | — |  |  |  | (49,368 | )
Total |  | $ | — |  |  | $ | (251,901 | ) |  | $ | — |  |  | $ | (228,431 | )
Debt proceeds received and principal repayments made (excluding our $1,000,000 line of credit) during the six-month periods ended June 30, 2023 and 2022 are reflected in the following table by period and by loan:
|  | During the Six-Month Period Ended June 30, 2023 |  |  | During the Six-Month Period Ended June 30, 2022 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (110,907 | ) |  | $ | 2,000,000 |  |  | $ | (90,659 | )
Loan #2 |  |  | — |  |  |  | (245,134 | ) |  |  | — |  |  |  | (236,619 | )
Loan #3 |  |  | — |  |  |  | (45,155 | ) |  |  | — |  |  |  | — |
Loan #4 |  |  | — |  |  |  | (102,081 | ) |  |  | — |  |  |  | (98,538 | )
Total |  | $ | — |  |  | $ | (503,277 | ) |  | $ | 2,000,000 |  |  | $ | (425,816 | )
Schedule of Principal Payments Bank Loans Outstanding | Principal payments (net of debt issuance costs) due under bank loans outstanding as of June 30, 2023 (excluding our $1,000,000 line of credit) are reflected in the following table by the year that payments are due:
|  | During the Six-Month Period Ending December 31, |  |  | During the Years Ending December 31, |  |  |  |  |  |  |
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | Thereafter |  |  | Total |
Loan #1 |  | $ | 112,372 |  |  | $ | 230,891 |  |  | $ | 239,876 |  |  | $ | 248,604 |  |  | $ | 257,648 |  |  | $ | 4,864,829 |  |  | $ | 5,954,220 |
Loan #2 |  |  | 249,316 |  |  |  | 512,102 |  |  |  | 530,738 |  |  |  | 549,881 |  |  |  | 140,465 |  |  |  | — |  |  |  | 1,982,502 |
Loan #3 |  |  | 46,291 |  |  |  | 96,104 |  |  |  | 101,001 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | — |  |  |  | 432,685 |
Loan #4 |  |  | 103,801 |  |  |  | 213,217 |  |  |  | 220,994 |  |  |  | 228,965 |  |  |  | 240,454 |  |  |  | — |  |  |  | 1,007,431 |
Loan #5 |  |  | 32,017 |  |  |  | 66,470 |  |  |  | 69,856 |  |  |  | 73,415 |  |  |  | 77,156 |  |  |  | 81,086 |  |  |  | 400,000 |
Subtotal |  |  | 543,797 |  |  |  | 1,118,784 |  |  |  | 1,162,465 |  |  |  | 1,207,011 |  |  |  | 798,866 |  |  |  | 4,945,915 |  |  |  | 9,776,838 |
Debt issuance costs |  |  | (3,838 | ) |  |  | (7,267 | ) |  |  | (7,168 | ) |  |  | (7,168 | ) |  |  | (5,420 | ) |  |  | (14,860 | ) |  |  | (45,721 | )
Total |  | $ | 539,959 |  |  | $ | 1,111,517 |  |  | $ | 1,155,297 |  |  | $ | 1,199,843 |  |  | $ | 793,446 |  |  | $ | 4,931,055 |  |  | $ | 9,731,117 |

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