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v3.24.1

Bank Debt (Tables) | 12 Months Ended
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Dec. 31, 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 years ended December 31, 2023 and 2022 are reflected in the following table by period and by loan:
|  | During the Year Ended December 31, 2023 |  |  | During the Year Ended December 31, 2022 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | 223,222 |  |  | $ | 2,000,000 |  |  | $ | 199,013 |
Loan #2 |  |  | — |  |  |  | 494,455 |  |  |  | — |  |  |  | 477,237 |
Loan #3 |  |  | — |  |  |  | 91,446 |  |  |  | — |  |  |  | 22,160 |
Loan #4 |  |  | — |  |  |  | 205,884 |  |  |  | — |  |  |  | 198,715 |
Loan #5 |  |  | — |  |  |  | 32,017 |  |  |  | — |  |  |  | — |
Loan #6 |  |  | 2,000,000 |  |  |  | 93,054 |  |  |  | — |  |  |  | — |
Loan #7 |  |  | 1,000,000 |  |  |  | 45,696 |  |  |  | — |  |  |  | — |
Total |  | $ | 3,000,000 |  |  | $ | 1,185,774 |  |  | $ | 2,000,000 |  |  | $ | 897,125 |
Schedule of Principal Payments Bank Loans Outstanding | Principal payments (net of debt issuance and debt discount costs) due under bank loans outstanding as of December 31, 2023 (excluding our $1,000,000 line of credit) are reflected in the following table by the year that payments are due:
|  | During the Years Ending December 31, |  |  |  |  |  |  |
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
Loan #1 |  | $ | 230,879 |  |  | $ | 239,876 |  |  | $ | 248,604 |  |  | $ | 257,649 |  |  | $ | 266,537 |  |  | $ | 4,598,360 |  |  | $ | 5,841,905 |
Loan #2 |  |  | 512,103 |  |  |  | 530,738 |  |  |  | 549,881 |  |  |  | 140,458 |  |  |  | — |  |  |  | — |  |  |  | 1,733,180 |
Loan #3 |  |  | 96,104 |  |  |  | 101,001 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | — |  |  |  | — |  |  |  | 386,394 |
Loan #4 |  |  | 213,217 |  |  |  | 220,994 |  |  |  | 228,965 |  |  |  | 240,452 |  |  |  | — |  |  |  | — |  |  |  | 903,628 |
Loan #5 |  |  | 66,470 |  |  |  | 69,856 |  |  |  | 73,415 |  |  |  | 77,156 |  |  |  | 81,086 |  |  |  | — |  |  |  | 367,983 |
Loan #6 |  |  | 235,369 |  |  |  | 253,003 |  |  |  | 1,418,574 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,906,946 |
Loan #7 |  |  | 114,632 |  |  |  | 124,364 |  |  |  | 715,308 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 954,304 |
Subtotal |  |  | 1,468,774 |  |  |  | 1,539,832 |  |  |  | 3,340,893 |  |  |  | 798,858 |  |  |  | 347,623 |  |  |  | 4,598,360 |  |  |  | 12,094,340 |
Debt issuance cost |  |  | (19,076 | ) |  |  | (18,976 | ) |  |  | (13,579 | ) |  |  | (5,420 | ) |  |  | (3,513 | ) |  |  | (11,347 | ) |  |  | (71,911 | )
Debt discount cost |  |  | (20,891 | ) |  |  | (20,891 | ) |  |  | (11,344 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (53,126 | )
Total |  | $ | 1,428,807 |  |  | $ | 1,499,965 |  |  | $ | 3,315,970 |  |  | $ | 793,438 |  |  | $ | 344,110 |  |  | $ | 4,587,013 |  |  | $ | 11,969,303 |

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