Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Instrument [Line Items]

Schedule of future minimum payments related to long-term debt

As of September 30, 2022, future minimum payments related to long-term debt are as follows for the years ended December 31:

2022	$	163,750
2023		655,000
2024		1,310,000
2025		1,310,473
2026		1,310,473
Thereafter		21,247,804
Total		25,997,500
Less current portion		(655,000)
Less deferred financing costs		(2,250,171)
Long-term debt, net	$	23,092,329

East West Bank

Debt Instrument [Line Items]

Schedule of components of interest expense and related fees for the lines of credit

The components of interest expense and related fees for the lines of credit are as follows:

	For the Three Months				For the Nine Months
	Ended				Ended
	September 30,				September 30,
	2022		2021		2022		2021
Interest expense – East West Bank	$	3,573	$	9,965	$	23,391	$	28,368
Amortization of deferred financing costs		33,434		12,944		100,765		38,832
Total interest expense and amortization of deferred financing costs	$	37,007	$	22,909	$	124,156	$	67,200

SilverPeak and Lafayette Square

Debt Instrument [Line Items]

Schedule of components of interest expense and related fees for the lines of credit

The components of interest expense and related fees for the 2020 Term Loan Facility and 2021 Credit Facility are as follows:

	For the Three Months				For the Nine Months
	Ended				Ended
	September 30,				September 30,
	2022		2021		2022		2021
Interest expense – SilverPeak	$	—	$	483,796	$	—	$	1,509,752
Interest expense – Layfaette Square		696,818		—		1,673,648		—
Amortization of deferred financing costs – Silverpeak		—		71,685		—		215,055
Amortization of deferred financing costs – Lafayette Square		128,064		—		362,243		—
Total interest expense and amortization of deferred financing costs	$	824,882	$	555,481	$	2,035,891	$	1,724,807