XML 39 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Line of Credit (Details Narrative) - USD ($)
6 Months Ended
Feb. 27, 2015
Jun. 30, 2017
Jun. 30, 2016
Amortization of financing costs   $ 61,625 $ 39,433
Webster [Member]      
Line of credit facility, interest rate at period end   5.97611%  
Line of credit, current   $ 13,165,999  
Webster [Member] | Credit and Security Agreement and Amendment No. 1 to Guaranty Agreement [Member] | Subsequent to Jun. 30, 2017 [Member]      
Line of credit facility, interest rate description   The interest rates now equal (i) LIBOR plus 3.75% plus the 0.5% Agency Fee (as hereinafter defined) or (ii) a Base Rate (as defined in the Credit and Security Agreement) plus 2.25% plus the 0.5% Agency Fee  
Maximum borrowing capacity   $ 20,000,000  
Line of credit facility, expiration date   Feb. 28, 2021  
Line of credit facility, extended expiration date   Feb. 28, 2022  
Percentage of agency fee   0.50%  
Percentage of mortgage loans   17.50%  
Syndication fee   $ 15,000  
Webster [Member] | Credit and Security Agreement and Amendment No. 1 to Guaranty Agreement [Member] | Subsequent to Jun. 30, 2017 [Member] | Mr. Ran [Member]      
Personal guaranty   500,000  
Webster [Member] | Credit and Security Agreement and Amendment No. 1 to Guaranty Agreement [Member] | Minimum [Member] | Subsequent to Jun. 30, 2017 [Member]      
Maximum borrowing capacity   1,000,000  
Webster [Member] | Credit and Security Agreement and Amendment No. 1 to Guaranty Agreement [Member] | Maximum [Member] | Subsequent to Jun. 30, 2017 [Member]      
Maximum borrowing capacity   15,000,000  
Line of Credit [Member]      
Amortization of financing costs   $ 24,083 $ 24,083
Line of Credit [Member] | Webster [Member]      
Line of credit facility, interest rate description The Webster Credit Line provided for an interest rate (until amended - as described below) of either LIBOR plus 4.75% or the base commercial lending rate of Webster plus 3.25%    
Line of credit, cost $ 144,000    
Amortization period 3 years    
LIBOR Plus [Member]      
Line of credit facility, interest rate at period end 4.75%    
LIBOR Plus [Member] | Webster [Member] | Credit and Security Agreement and Amendment No. 1 to Guaranty Agreement [Member] | Subsequent to Jun. 30, 2017 [Member]      
Line of credit facility, interest rate at period end   3.75%  
Percentage of agency fee   0.50%  
Webster Plus [Member]      
Line of credit facility, interest rate at period end 3.25%    
Base Rate Plus [Member] | Webster [Member] | Credit and Security Agreement and Amendment No. 1 to Guaranty Agreement [Member] | Subsequent to Jun. 30, 2017 [Member]      
Line of credit facility, interest rate at period end   2.25%  
Percentage of agency fee   0.50%