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Stock based payments and director fees (Detail Textuals) | 1 Months Ended | 3 Months Ended | 6 Months Ended
--- | --- | --- | ---
Feb. 28, 2015 shares | Jun. 30, 2016 USD ($) shares | Jun. 30, 2016 USD ($) Director shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Management fees | $ |  | $ 900,000 | $ 1,800,000
Management fee paid with shares of stock | $ |  | $ 200,000 | $ 500,000
Number of shares issued for payment for management fee | shares |  | 15,684 | 30,600
Annual retainer amount | $ |  |  | $ 50,000
Long term incentive plan |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Shares available for issuance under Director Plan | shares |  | 100,000 | 100,000
Number of independent directors | Director |  |  | 3
Long term incentive plan | Initial public offering | Restricted stock |  |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |  |
Number of restricted stock awards issued to independent directors | shares | 2,000 |  | 2,000
Vesting period | 1 year |  | 1 year

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- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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