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v3.25.2

Bank Debt (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2025 |  |  | During the Three-Month Period Ended June 30, 2024 |
|  |  | Proceeds from Debt Issuance |  |  |  | Debt Principal Repayments |  |  |  | Proceeds from Debt Issuance |  |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | 59,262 |  |  | $ | — |  |  | $ | 57,148 |
Loan #2 |  |  | — |  |  |  | 132,019 |  |  |  | — |  |  |  | 127,382 |
Loan #3 |  |  | — |  |  |  | 25,091 |  |  |  | — |  |  |  | 23,875 |
Loan #4 |  |  | — |  |  |  | 54,958 |  |  |  | — |  |  |  | 53,026 |
Loan #5 |  |  | — |  |  |  | 17,354 |  |  |  | — |  |  |  | 16,513 |
Loan #6 |  |  | — |  |  |  | 62,456 |  |  |  | — |  |  |  | 58,143 |
Loan #7 |  |  | — |  |  |  | 30,299 |  |  |  | — |  |  |  | 28,264 |
Total |  | $ | — |  |  | $ | 381,439 |  |  | $ | — |  |  | $ | 364,351 |
|  | During the Six-Month Period Ended June 30, 2025 |  |  | During the Six-Month Period Ended June 30, 2024 |
|  |  | Proceeds from Debt Issuance |  |  |  | Debt Principal Repayments |  |  |  | Proceeds from Debt Issuance |  |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | 119,068 |  |  | $ | — |  |  | $ | 114,346 |
Loan #2 |  |  | — |  |  |  | 263,073 |  |  |  | — |  |  |  | 253,791 |
Loan #3 |  |  | — |  |  |  | 49,873 |  |  |  | — |  |  |  | 47,455 |
Loan #4 |  |  | — |  |  |  | 109,554 |  |  |  | — |  |  |  | 105,666 |
Loan #5 |  |  | — |  |  |  | 34,494 |  |  |  | — |  |  |  | 32,822 |
Loan #6 |  |  | — |  |  |  | 124,434 |  |  |  | — |  |  |  | 115,613 |
Loan #7 |  |  | — |  |  |  | 61,048 |  |  |  | — |  |  |  | 56,163 |
Total |  | $ | — |  |  | $ | 761,544 |  |  | $ | — |  |  | $ | 725,856 |
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 June 30, 2025 (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, |  |  |  |  |  |  |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
Loan #1 |  | $ | 120,727 |  |  | $ | 248,604 |  |  | $ | 257,649 |  |  | $ | 266,537 |  |  | $ | 276,720 |  |  | $ | 4,321,837 |  |  | $ | 5,492,074 |
Loan #2 |  |  | 267,671 |  |  |  | 549,881 |  |  |  | 140,416 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 957,968 |
Loan #3 |  |  | 51,128 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 240,417 |
Loan #4 |  |  | 111,450 |  |  |  | 228,965 |  |  |  | 240,432 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 580,847 |
Loan #5 |  |  | 35,362 |  |  |  | 73,415 |  |  |  | 77,156 |  |  |  | 81,086 |  |  |  | — |  |  |  | — |  |  |  | 267,019 |
Loan #6 |  |  | 128,587 |  |  |  | 1,418,532 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,547,119 |
Loan #7 |  |  | 63,674 |  |  |  | 715,341 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 779,015 |
Subtotal |  |  | 778,599 |  |  |  | 3,340,884 |  |  |  | 798,796 |  |  |  | 347,623 |  |  |  | 276,720 |  |  |  | 4,321,837 |  |  |  | 9,864,459 |
Debt issuance cost |  |  | (10,147 | ) |  |  | (13,580 | ) |  |  | (5,420 | ) |  |  | (3,513 | ) |  |  | (3,513 | ) |  |  | (7,834 | ) |  |  | (44,007 | )
Debt discount cost |  |  | (10,446 | ) |  |  | (11,344 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (21,790 | )
Total |  | $ | 758,006 |  |  | $ | 3,315,960 |  |  | $ | 793,376 |  |  | $ | 344,110 |  |  | $ | 273,207 |  |  | $ | 4,314,003 |  |  | $ | 9,798,662 |

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