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Bank Debt (Tables)

9 Months Ended

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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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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