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Interest Rate Swap - Summary of Outstanding Interest Rate Swap (Details) - Interest rate swap
9 Months Ended
Sep. 30, 2020
USD ($)
Derivatives, Fair Value [Line Items]  
Notional Amount $ 15,092,000
Maturity Date Aug. 15, 2021
Accounts payable, accrued expenses and other, net  
Derivatives, Fair Value [Line Items]  
Notional Amount $ 15,092,000
Interest Rate 5.30% [1]
Effective Date Aug. 15, 2018
Maturity Date Aug. 15, 2021
Fair Value of Liability $ (388,766) [2]
[1] The interest rate consists of the underlying index swapped to a fixed rate rather than floating rate LIBOR, plus a premium. The Company notes that the maturity date of the interest rate swap is prior to the LIBOR phase-out deadline and therefore does not expect any impact to the terms or value of the swap.
[2] Changes in fair value are recorded as unrealized gain (loss) in the condensed consolidated statements of operations as the Company did not designate this interest rate swap as a hedge. The Company valued the interest rate swap using Level 2 inputs.