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Bank Debt (Tables) | 6 Months Ended
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Jun. 30, 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) are reflected by loan during the periods as described in the tables below:
|  | During the Three-Month Period Ended June 30, 2024 |  |  | During the Three-Month Period Ended June 30, 2023 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | 57,148 |  |  | $ | — |  |  | $ | 55,114 |
Loan #2 |  |  | — |  |  |  | 127,382 |  |  |  | — |  |  |  | 122,905 |
Loan #3 |  |  | — |  |  |  | 23,875 |  |  |  | — |  |  |  | 22,717 |
Loan #4 |  |  | — |  |  |  | 53,026 |  |  |  | — |  |  |  | 51,165 |
Loan #5 |  |  | — |  |  |  | 16,513 |  |  |  | — |  |  |  | — |
Loan #6 |  |  | — |  |  |  | 58,143 |  |  |  | — |  |  |  | — |
Loan #7 |  |  | — |  |  |  | 28,264 |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | 364,351 |  |  | $ | — |  |  | $ | 251,901 |
|  | During the Six-Month Period Ended June 30, 2024 |  |  | During the Six-Month Period Ended June 30, 2023 |
|  |  | Proceeds from Debt Issuance |  |  |  | Debt Principal Repayments |  |  |  | Proceeds from Debt Issuance |  |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | 114,346 |  |  | $ | — |  |  | $ | 110,907 |
Loan #2 |  |  | — |  |  |  | 253,791 |  |  |  | — |  |  |  | 245,134 |
Loan #3 |  |  | — |  |  |  | 47,455 |  |  |  | — |  |  |  | 45,155 |
Loan #4 |  |  | — |  |  |  | 105,666 |  |  |  | — |  |  |  | 102,081 |
Loan #5 |  |  | — |  |  |  | 32,822 |  |  |  | — |  |  |  | — |
Loan #6 |  |  | — |  |  |  | 115,613 |  |  |  | — |  |  |  | — |
Loan #7 |  |  | — |  |  |  | 56,163 |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | 725,856 |  |  | $ | — |  |  | $ | 503,277 |
|  | 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 June 30, 2024 (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, |  |  |  |  |  |  |
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Thereafter |  |  | Total |
Loan #1 |  | $ | 116,468 |  |  | $ | 239,876 |  |  | $ | 248,604 |  |  | $ | 257,649 |  |  | $ | 266,537 |  |  | $ | 4,598,425 |  |  | $ | 5,727,559 |
Loan #2 |  |  | 258,326 |  |  |  | 530,738 |  |  |  | 549,881 |  |  |  | 140,445 |  |  |  | — |  |  |  | — |  |  |  | 1,479,390 |
Loan #3 |  |  | 48,649 |  |  |  | 101,001 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | — |  |  |  | — |  |  |  | 338,939 |
Loan #4 |  |  | 107,557 |  |  |  | 220,994 |  |  |  | 228,965 |  |  |  | 240,446 |  |  |  | — |  |  |  | — |  |  |  | 797,962 |
Loan #5 |  |  | 33,648 |  |  |  | 69,856 |  |  |  | 73,415 |  |  |  | 77,156 |  |  |  | 81,086 |  |  |  | — |  |  |  | 335,161 |
Loan #6 |  |  | 119,768 |  |  |  | 253,003 |  |  |  | 1,418,562 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,791,333 |
Loan #7 |  |  | 58,265 |  |  |  | 124,364 |  |  |  | 715,512 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 898,141 |
Subtotal |  |  | 742,681 |  |  |  | 1,539,832 |  |  |  | 3,341,085 |  |  |  | 798,839 |  |  |  | 347,623 |  |  |  | 4,598,425 |  |  |  | 11,368,485 |
Debt issuance cost |  |  | (11,167 | ) |  |  | (21,314 | ) |  |  | (13,580 | ) |  |  | (5,420 | ) |  |  | (3,513 | ) |  |  | (11,347 | ) |  |  | (66,341 | )
Debt discount cost |  |  | (10,446 | ) |  |  | (20,891 | ) |  |  | (11,344 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (42,681 | )
Total |  | $ | 721,068 |  |  | $ | 1,497,627 |  |  | $ | 3,316,161 |  |  | $ | 793,419 |  |  | $ | 344,110 |  |  | $ | 4,587,078 |  |  | $ | 11,259,463 |

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