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Bank Debt (Tables)

6 Months Ended

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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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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