Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Instrument [Line Items]

Schedule of future minimum payments related to long-term debt

As of June 30, 2023, future minimum payments related to long-term debt are as follows for the years ended December 31:

2023	$	327,500
2024		1,310,000
2025		1,310,473
2026		22,411,965
2027		3,337
Thereafter		142,975
Total		25,506,250
Less current portion		(982,500)
Less deferred financing costs		(1,858,720)
Long-term debt, net	$	22,665,030

Lafayette Square | 2021 Credit Facility

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 Credit Facility are as follows:

	For the Three Months				For the Six Months
	Ended				Ended
	June 30,				June 30,
	2023		2022		2023		2022
Interest expense – Lafayette Square	$	890,091	$	489,330	$	1,769,453	$	976,830
Amortization of deferred financing costs – Lafayette Square		136,004		115,383		272,008		233,774
Total interest expense and amortization of deferred financing costs	$	1,026,095	$	604,713	$	2,041,461	$	1,210,604

East West Bank | 2020 revolving credit facility

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 Revolving Credit Facility are as follows:

	For the Three Months				For the Six Months
	Ended				Ended
	June 30,				June 30,
	2023		2022		2023		2022
Interest expense – East West Bank	$	—	$	10,213	$	—	$	19,818
Amortization of deferred financing costs		—		33,434		—		67,331
Total interest expense and amortization of deferred financing costs	$	—	$	43,647	$	—	$	87,149