Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Instrument [Line Items]

Schedule of future minimum payments related to long-term debt

As of March 31, 2023, future minimum payments related to long-term debt are as follows for the years ended December 31:

2023	$	491,250
2024		1,310,000
2025		1,310,473
2026		22,411,965
2027		3,337
Thereafter		142,975
Total		25,670,000
Less current portion		(818,750)
Less deferred financing costs		(1,994,724)
Long-term debt, net	$	22,856,526

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 Revolving Credit Facility are as follows:

	For the Three Months
	Ended
	March 31,
	2023		2022
Interest expense – East West Bank	$	—	$	9,605
Amortization of deferred financing costs		—		33,896
Total interest expense and amortization of deferred financing costs	$	—	$	43,501

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 2021 Term Loan Facility are as follows:

	March 31,
	2023		2022
Interest expense – Lafayette Square	$	879,362	$	487,500
Amortization of deferred financing costs – Lafayette Square		136,004		118,391
Total interest expense and amortization of deferred financing costs	$	1,015,366	$	605,891