Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt [Abstract]

Summary of Mandatory Scheduled Principal Payments on Unsecured Notes

The following table presents the mandatory scheduled principal payments on the Unsecured Notes:

Year	Notes Payable
2025	$	-
2026		-
2027		-
2028		50,000,000
Total principal	$	50,000,000
Deferred debt issuance costs included in notes payable		(903,750	)
Total Notes payable, net	$	49,096,250

Schedule of Interest Expense Incurred During Period

The following table reflects a summary of interest expense incurred during the years ended December 31, 2024 and 2023.

	Year ended December 31, 2024
	Notes Payable		Revolving Loan		Total Borrowings
Interest expense	$	909,836	$	5,892,908	$	6,802,744
Unused fee expense		-		93,465		93,465
Amortization of debt issuance costs		48,165		208,833		256,998
Total interest expense	$	958,001	$	6,195,206	$	7,153,207
	Year ended December 31, 2023
	Notes Payable		Revolving Loan		Total Borrowings
Interest expense	$	-	$	5,113,524	$	5,113,524
Unused fee expense		-		88,478		88,478
Amortization of debt issuance costs		-		550,906		550,906
Total interest expense	$	-	$	5,752,908	$	5,752,908