CREDIT FACILITY (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of debt

The following table summarizes the debt balances as of September 30, 2020 and December 31, 2019 and the debt activity for the nine months ended September 30, 2020:

			During the Nine Months Ended September 30, 2020
	Balance as of December 31, 2019		Debt Issuance(1)			Repayments		Accretion		Balance as of September 30, 2020
Credit facility	$	24,175,000	$	1,500,000		$	—	$	—	$	25,675,000
Total debt	24,175,000		1,500,000			—		—		25,675,000
Deferred costs	—		(81,139		)	—		3,381		(77,758		)
Total debt, net	$	24,175,000	$	1,418,861		$	—	$	3,381	$	25,597,242

______________________

(1) Includes deferred financing costs incurred during the period.

Schedule of maturities of long-term debt

The following table summarizes the scheduled aggregate principal repayments for the Company’s outstanding debt subsequent to September 30, 2020:

	Principal Repayments
Remainder of 2020	$	—
2021	25,675,000
2022	—
2023	—
2024	—
Thereafter	—
Total	$	25,675,000