Notes Payable (Details) |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2020
USD ($)
series
$ / shares
|
Oct. 31, 2020 |
Dec. 31, 2019
USD ($)
|
May 11, 2018 |
|
Number of unsecured unsubordinated notes | series | 3 | |||
Aggregate amount outstanding | $ 109,640,692 | $ 55,475,810 | ||
Interest rate | 4.00% | |||
Threshold percentage of taxable income to prohibit distribution | 90.00% | |||
Threshold asset coverage ratio | 150.00% | |||
Period of written notice to redeem notes without premium or penalty | 30 days | |||
Debt Issuance Costs, Net | $ 4,886,058 | $ 2,687,190 | ||
Notes | ||||
Aggregate amount outstanding | 109,640,692 | |||
Debt Issuance Costs, Net | 4,606,058 | |||
June 2024 Notes | ||||
Aggregate amount outstanding | $ 23,663,000 | |||
Interest rate | 7.125% | 7.125% | ||
Notes issued denomination | $ / shares | $ 25.00 | |||
December 2024 Notes | ||||
Aggregate amount outstanding | $ 34,500,000 | |||
Interest rate | 6.875% | 6.875% | ||
September 2025 Notes | ||||
Aggregate amount outstanding | $ 56,363,750 | |||
Original principal amount | $ 28,000,000 | |||
Interest rate | 7.75% | 7.75% | ||
Notes issued denomination | $ / shares | $ 24.75 |
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- Definition The number of series of unsecured unsubordinated Notes issued and outstanding during the period. No definition available.
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- Definition Represents the notes issued denomination. No definition available.
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- Definition Period of written notice to redeem notes without premium or penalty. No definition available.
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- Definition Threshold asset coverage ratio. No definition available.
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- Definition Threshold percentage of taxable income to prohibit distribution. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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