Deferred Financing Costs (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Financing Costs

Summary of change in the carrying amount of deferred financing costs

	2019		2018
Balance at January 1	$	2,258,253	$	1,342,379
Capitalized fees		9,027,753		2,612,860
Amortization		(1,311,573)		(477,781)
Write-off due to debt refinancing		(2,121,451)		(1,219,205)
Balance at December 31	$	7,852,982	$	2,258,253