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v3.23.3

Bank Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Bank Debt [Abstract] |
Schedule of Debt Proceeds Received and Principal Repayments |
|  | During the Three-Month Period Ended September 30, 2023 |  |  | During the Three-Month Period Ended September 30, 2022 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (55,619 | ) |  | $ | — |  |  | $ | ( 53,634 | )
Loan #2 |  |  | — |  |  |  | (124,020 | ) |  |  | — |  |  |  | (119,658 | )
Loan #3 |  |  | — |  |  |  | (23,002 | ) |  |  | — |  |  |  | — |
Loan #4 |  |  | — |  |  |  | (51,622 | ) |  |  | — |  |  |  | (49,810 | )
Loan #5 |  |  | — |  |  |  | (15,909 | ) |  |  | — |  |  |  | — |
Loan #6 |  |  | 2,000,000 |  |  |  | (36,582 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | 1,000,000 |  |  |  | (18,983 | ) |  |  | — |  |  |  | — |
Total |  | $ | 3,000,000 |  |  | $ | (325,737 | ) |  | $ | — |  |  | $ | (223,102 | )
Debt proceeds received and principal repayments made (excluding our $1,000,000 line of credit) during the three-month periods ended September 30, 2023 and 2022 are reflected in the following table by period and by loan:
|  | During the Nine-Month Period Ended September 30, 2023 |  |  | During the Nine-Month Period Ended September 30, 2022 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (166,527 | ) |  | $ | 2,000,000 |  |  | $ | (144,293 | )
Loan #2 |  |  | — |  |  |  | (369,154 | ) |  |  | — |  |  |  | (356,278 | )
Loan #3 |  |  | — |  |  |  | (68,156 | ) |  |  | — |  |  |  | — |
Loan #4 |  |  | — |  |  |  | (153,704 | ) |  |  | — |  |  |  | (148,347 | )
Loan #5 |  |  | — |  |  |  | (15,909 | ) |  |  | — |  |  |  | — |
Loan #6 |  |  | 2,000,000 |  |  |  | (36,582 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | 1,000,000 |  |  |  | (18,983 | ) |  |  | — |  |  |  | — |
Total |  | $ | 3,000,000 |  |  | $ | (829,015 | ) |  | $ | 2,000,000 |  |  | $ | (648,918 | )
Schedule of Principal Payments Bank Loans Outstanding | Principal payments (net of debt issuance and debt discount costs) due under bank loans outstanding as of September 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 Three-Month Period Ending December 31, |  |  | During the Years Ending December 31, |  |  |  |  |  |  |
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | Thereafter |  |  | Total |
Loan #1 |  | $ | 56,717 |  |  | $ | 230,891 |  |  | $ | 239,876 |  |  | $ | 248,604 |  |  | $ | 257,649 |  |  | $ | 4,864,864 |  |  | $ | 5,898,601 |
Loan #2 |  |  | 125,297 |  |  |  | 512,102 |  |  |  | 530,738 |  |  |  | 549,881 |  |  |  | 140,464 |  |  |  | — |  |  |  | 1,858,482 |
Loan #3 |  |  | 23,289 |  |  |  | 96,104 |  |  |  | 101,001 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | — |  |  |  | 409,683 |
Loan #4 |  |  | 52,177 |  |  |  | 213,217 |  |  |  | 220,994 |  |  |  | 228,965 |  |  |  | 240,455 |  |  |  | — |  |  |  | 955,808 |
Loan #5 |  |  | 16,108 |  |  |  | 66,470 |  |  |  | 69,856 |  |  |  | 73,415 |  |  |  | 77,156 |  |  |  | 81,086 |  |  |  | 384,091 |
Loan #6 |  |  | 56,472 |  |  |  | 235,361 |  |  |  | 253,003 |  |  |  | 1,418,582 |  |  |  | — |  |  |  | — |  |  |  | 1,963,418 |
Loan #7 |  |  | 27,320 |  |  |  | 114,891 |  |  |  | 124,426 |  |  |  | 714,380 |  |  |  | — |  |  |  | — |  |  |  | 981,017 |
Subtotal |  |  | 357,380 |  |  |  | 1,469,036 |  |  |  | 1,539,894 |  |  |  | 3,339,973 |  |  |  | 798,867 |  |  |  | 4,945,950 |  |  |  | 12,451,100 |
Debt issuance cost |  |  | (4,871 | ) |  |  | (19,076 | ) |  |  | (18,976 | ) |  |  | (13,580 | ) |  |  | (5,420 | ) |  |  | (14,860 | ) |  |  | (76,783 | )
Debt discount cost |  |  | (5,223 | ) |  |  | (20,891 | ) |  |  | (20,891 | ) |  |  | (11,344 | ) |  |  | — |  |  |  | — |  |  |  | (58,349 | )
Total |  | $ | 347,286 |  |  | $ | 1,429,069 |  |  | $ | 1,500,027 |  |  | $ | 3,315,049 |  |  | $ | 793,447 |  |  | $ | 4,931,090 |  |  | $ | 12,315,968 |

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