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Bank Debt (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and 2023 are reflected in the following table by period and by loan:

		During the Three-Month Period Ended March 31, 2024								During the Three-Month Period Ended March 31 2023
		Proceeds from Debt Issuance				Debt Principal Repayments				Proceeds from Debt Issuance				Debt Principal Repayments
Loan #1		$	—			$	57,198			$	—			$	55,793
Loan #2			—				126,408				—				122,229
Loan #3			—				23,580				—				22,437
Loan #4			—				52,641				—				50,917
Loan #5			—				16,309				—				—
Loan #6			—				57,470				—				—
Loan #7			—				27,900				—				—
Total		$	—			$	361,506			$	—			$	251,376

		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 March 31, 2024 (excluding our $1,000,000 line of credit) are reflected in the following table by the year that payments are due:

		During the Nine-Month Period Ending December 31,				During the Years Ending December 31,
		2024				2025				2026				2027				2028				Thereafter				Total
Loan #1		$	173,650			$	239,876			$	248,604			$	257,649			$	266,537			$	4,598,391			$	5,784,707
Loan #2			385,703				530,738				549,881				140,450				—				—				1,606,772
Loan #3			72,524				101,001				106,146				83,143				—				—				362,814
Loan #4			160,581				220,994				228,965				240,447				—				—				850,987
Loan #5			50,161				69,856				73,415				77,156				81,086				—				351,674
Loan #6			177,910				253,003				1,418,563				—				—				—				1,849,476
Loan #7			86,729				124,364				715,312				—				—				—				926,405
Subtotal			1,107,258				1,539,832				3,340,886				798,845				347,623				4,598,391				11,732,835
Debt issuance cost			(16,750	)			(21,314	)			(13,580	)			(5,420	)			(3,513	)			(11,347	)			(71,924	)
Debt discount cost			(15,668	)			(20,891	)			(11,344	)			—				—				—				(47,903	)
Total		$	1,074,840			$	1,497,627			$	3,315,962			$	793,425			$	344,110			$	4,587,044			$	11,613,008

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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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