Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt [Abstract]

Schedule of Mandatory Scheduled Principal Payments on 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		(844,287	)
Total notes payable, net	$	49,155,713

Schedule of Interest Expense Incurred During Period

The following table reflects a summary of interest expense incurred during the three months ended March 31, 2025 and 2024.

	Three months ended March 31, 2025
	Notes Payable		Revolving Loan		Total Borrowings
Interest expense	$	1,121,918	$	790,412	$	1,912,330
Unused fee expense		-		42,743		42,743
Amortization of debt issuance costs		59,463		50,846		110,309
Total interest expense	$	1,181,381	$	884,001	$	2,065,382
	Three months ended March 31, 2024
	Notes Payable		Revolving Loan		Total Borrowings
Interest expense	$	-	$	2,007,050	$	2,007,050
Unused fee expense		-		6,085		6,085
Amortization of debt issuance costs		-		90,915		90,915
Total interest expense	$	-	$	2,104,050	$	2,104,050