Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions - Additional Information (Details)

v3.22.2.2
Related Party Transactions - Additional Information (Details) - USD ($)
9 Months Ended
May 26, 2021
Sep. 30, 2022
Related Party Transaction [Line Items]    
Interest expense recognized   $ 543,578
Buyer [Member]    
Related Party Transaction [Line Items]    
Transaction date May 26, 2021  
Total purchase price $ 7,500,000  
Lease Agreement [Member]    
Related Party Transaction [Line Items]    
Lease terms   In connection with the consummation of the Sale and Leaseback Transaction, the Company entered into a lease agreement (the “Lease Agreement”) with Buyer pursuant to which the Company leased back the Real Property from Buyer for an initial term of twelve (12) years unless earlier terminated or extended in accordance with the terms of the Lease Agreement. Under the Lease Agreement, the Company’s financial obligations include base rent of approximately $60,000 per month, which rent will increase on an annual basis at two percent (2%) over the initial term and two-and-a-half percent (2.5%) during any extension term. The Company is also responsible for all monthly expenses related to the leased facility, including insurance premiums, taxes and other expenses, such as utilities. Under the Lease Agreement, the Company has three (3) options to extend the term of the lease by five (5) years for each such option and a one-time right and option to purchase the Real Property at a price that escalates over time and, if Buyer decides to sell the Real Property, the Company has a right of first refusal to purchase the Real Property on the same terms offered to any third party.
Initial term 12 years  
Base rent $ 60,000  
Percentage of increase in base rent 2.00%  
Percentage of increase in base rent over initial term 2.50%  
Options to extend term   Under the Lease Agreement, the Company has three (3) options to extend the term of the lease by five (5) years for each such option
Extended term 5 years