Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt [Abstract]

Schedule 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		(606,752	)
Total notes payable, net	$	49,393,248

Schedule of Interest Expense Incurred During Period

The following table reflects a summary of interest expense incurred during the three months ended March 31, 2026 and 2025.

	For the three months ended March 31, 2026
	Notes Payable		Revolving Loan		Total Borrowings
Interest expense	$	1,109,589	$	821,431	$	1,931,020
Unused fee expense		-		26,131		26,131
Amortization of debt issuance costs		58,789		24,662		83,451
Total interest expense	$	1,168,378	$	872,224	$	2,040,602
	For the 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