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v3.25.1

Bank Debt (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31, 2025 |  |  | During the Three-Month Period Ended March 31, 2024 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | 59,806 |  |  | $ | — |  |  | $ | 57,198 |
Loan #2 |  |  | — |  |  |  | 131,055 |  |  |  | — |  |  |  | 126,408 |
Loan #3 |  |  | — |  |  |  | 24,782 |  |  |  | — |  |  |  | 23,580 |
Loan #4 |  |  | — |  |  |  | 54,597 |  |  |  | — |  |  |  | 52,641 |
Loan #5 |  |  | — |  |  |  | 17,140 |  |  |  | — |  |  |  | 16,309 |
Loan #6 |  |  | — |  |  |  | 61,977 |  |  |  | — |  |  |  | 57,470 |
Loan #7 |  |  | — |  |  |  | 30,749 |  |  |  | — |  |  |  | 27,900 |
Total |  | $ | — |  |  | $ | 380,106 |  |  | $ | — |  |  | $ | 361,506 |
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 March 31, 2025 (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, |  |  |  |  |  |  |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Loan #1 |  | $ | 180,022 |  |  | $ | 248,604 |  |  | $ | 257,649 |  |  | $ | 266,537 |  |  | $ | 276,720 |  |  | $ | 4,321,804 |  |  | $ | 5,551,336 |
Loan #2 |  |  | 399,680 |  |  |  | 549,881 |  |  |  | 140,426 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,089,987 |
Loan #3 |  |  | 76,219 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 265,508 |
Loan #4 |  |  | 166,404 |  |  |  | 228,965 |  |  |  | 240,435 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 635,804 |
Loan #5 |  |  | 52,716 |  |  |  | 73,415 |  |  |  | 77,156 |  |  |  | 81,086 |  |  |  | — |  |  |  | — |  |  |  | 284,373 |
Loan #6 |  |  | 191,039 |  |  |  | 1,418,537 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,609,576 |
Loan #7 |  |  | 93,980 |  |  |  | 715,333 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 809,313 |
Subtotal |  |  | 1,160,060 |  |  |  | 3,340,881 |  |  |  | 798,809 |  |  |  | 347,623 |  |  |  | 276,720 |  |  |  | 4,321,804 |  |  |  | 10,245,897 |
Debt issuance cost |  |  | (15,730 | ) |  |  | (13,580 | ) |  |  | (5,420 | ) |  |  | (3,513 | ) |  |  | (3,513 | ) |  |  | (7,834 | ) |  |  | (49,590 | )
Debt discount cost |  |  | (15,669 | ) |  |  | (11,344 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (27,013 | )
Total |  | $ | 1,128,661 |  |  | $ | 3,315,957 |  |  | $ | 793,389 |  |  | $ | 344,110 |  |  | $ | 273,207 |  |  | $ | 4,313,970 |  |  | $ | 10,169,294 |

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