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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Operating Leases The Company’s operating leases are comprised primarily of ground leases and equipment leases. Balance sheet information related to our leases is presented below:
   September 30,   December 31, 
   2023   2022 
Operating leases:        
Right-of-use assets  $7,423,884   $7,562,048 
Lease liability   3,425,314    3,413,210 
Schedule of Other Information Related to Leases Other information related to leases is presented below:
   Nine Months Ended
September 30, 2023
   Nine Months Ended
September 30, 2022
 
Operating lease cost  $389,330   $386,279 
Other information:          
Operating cash flows from operating leases   240,234    238,723 
Weighted-average remaining lease term – operating leases (in years)   90.9    91.8 
Weighted-average discount rate – operating leases   10.0%   10.0%

 

Schedule of Future Minimum Lease Commitments As of September 30, 2023, the annual minimum lease payments of our operating lease liabilities were as follows:
For The Years Ending December 31,    
2023 (three months)  $78,063 
2024   311,900 
2025   311,900 
2026   311,900 
2027   311,900 
Thereafter   41,125,000 
Total future minimum lease payments, undiscounted   42,450,663 
Less: imputed interest   (39,025,349)
Present value of future minimum lease payments  $3,425,314 
Schedule of Property and Equipment Property and equipment currently under lease consists of the following:
   September 30,
2023
   December 31,
2022
 
Land  $5,067,746   $5,141,008 
Land improvements   189,270    185,995 
Building and improvements   70,401,795    52,420,168 
Equipment   2,797,189    672,733 
Property and equipment, gross   78,456,000    58,419,904 
           
Less: accumulated depreciation   (4,180,753)   (1,983,382)
Property and equipment, net  $74,275,247   $56,436,522 
Schedule of Future Minimum Lease Commitments The future minimum lease commitments under these leases, excluding leases of the Company’s subsidiaries, are as follows:
Year ending December 31:     
2023 (three months)  $187,583 
2024   845,226 
2025   830,044 
2026   834,633 
2027   822,605 
Thereafter   3,360,817 
Total  $6,880,908