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Loans Payable - Related Party
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Loans Payable - Related Party

Note 7. Loans Payable – Related Party

 

In June 2018, pursuant to a loan modification agreement, interest-only promissory notes aggregating $3.5 million bearing interest at 1.9% per annum, requiring interest only payments, and maturing between August 1, 2036 through July 1, 2041 were assumed by an affiliate of the Predecessor and recorded as an equity contribution to the Predecessor. Interest expense incurred for these notes was $33,671 for the year ended December 31, 2018.