XML 54 R38.htm IDEA: XBRL DOCUMENT v3.25.1

Bank Debt (Tables)

12 Months Ended

Dec. 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) are reflected by loan during the periods as described in the tables below:

		During the Year Ended December 31, 2024								During the Year Ended December 31, 2023
		Proceeds from Debt Issuance				Debt Principal Repayments				Proceeds from Debt Issuance				Debt Principal Repayments
Loan #1		$	—			$	230,763			$	—			$	223,222
Loan #2			—				512,139				—				494,455
Loan #3			—				96,104				—				91,446
Loan #4			—				213,227				—				205,884
Loan #5			—				66,470				—				32,017
Loan #6			—				235,393				2,000,000				93,054
Loan #7			—				114,242				1,000,000				45,696
Total		$	—			$	1,468,338			$	3,000,000			$	1,185,774

Schedule of Principal Payments Due Under Bank Loans Outstanding

Principal payments (net of debt issuance and debt discount costs) due under bank loans outstanding as of December 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 Years Ending December 31,
		2025				2026				2027				2028				2029				Thereafter				Total
Loan #1		$	239,864			$	248,604			$	257,649			$	266,537			$	276,720			$	4,321,768			$	5,611,142
Loan #2			530,738				549,881				140,423				—				—				—				1,221,042
Loan #3			101,001				106,146				83,143				—				—				—				290,290
Loan #4			220,998				228,965				240,438				—				—				—				690,401
Loan #5			69,856				73,415				77,156				81,086				—				—				301,513
Loan #6			253,003				1,418,550				—				—				—				—				1,671,553
Loan #7			124,364				715,698				—				—				—				—				840,062
Subtotal			1,539,824				3,341,259				798,809				347,623				276,720				4,321,768				10,626,003
Debt issuance cost			(21,314	)			(13,580	)			(5,420	)			(3,513	)			(3,513	)			(7,834	)			(55,174	)
Debt discount cost			(20,891	)			(11,344	)			—				—				—				—				(32,235	)
Total		$	1,497,619			$	3,316,335			$	793,389			$	344,110			$	273,207			$	4,313,934			$	10,538,594

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration