Note Payable and Revolving Line of Credit (Tables)

12 Months Ended

Dec. 31, 2024

Notes Payable [Abstract]

Carrying Value of Note Payable

As of December 31, 2024 and 2023 the carrying value of the Company’s note payable is summarized as follows:

Note Payable	December 31, 2024			December 31, 2023
Principal balance outstanding	$	16,664,125		$	17,244,687
Less: Loan procurement costs, net		(307,543	)		(343,468	)
Total note payable, net	$	16,356,582		$	16,901,219

Future Principal Payment Requirements

The following table represents the future principal payment requirements on the note payable as of December 31, 2024:

2025	$	607,488
2026		633,449
2027		660,519
2028		688,746
2029		718,180
2030 and thereafter		13,355,743
Total principal payments	$	16,664,125