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Bank Debt (Tables)
12 Months Ended
Dec. 31, 2017
Bank Debt [Abstract]  
Schedule of interest rate swaps classified as level 2 fair value

  During the Years Ended 
December 31,
 
  2017  2016 
Payments required by interest rate swaps $37,502  $58,346 
Other comprehensive income, net of taxes $23,264  $26,354

  

Schedule of debt proceeds received and principal repayments made during the year

  During the Year Ended
December 31,
2017
  During the Year Ended
December 31,
2016
 
  Proceeds from
Debt Issuance
  Debt Principal 
Repayments
  Proceeds from 
Debt Issuance
  Debt Principal 
Repayments
 
Loan #1 $-  $(61,056) $   -  $(57,384)
Loan #2  -   (82,308)  -   (78,456)
Loan #3  3,513,501   -   -   - 
Loan #4  2,292,859   -   -   - 
Loan #5  340,000   (8,612)  -   - 
Total $6,146,360  $(151,976) $-  $(135,840)

 

Schedule of principal payments due under debt outstanding

  Year 
ending 
12/31/2018
  Year 
ending 
12/31/2019
  Year 
ending 
12/31/2020
  Year 
ending 
12/31/2021
  Year 
ending 
12/31/2022
  After 
12/31/2022
  Total 
Loan #1 $64,876  $68,908  $493,696  $-  $-  $-  $627,480 
Loan #2  86,097   89,997   94,005   98,538   103,077   1,848,151   2,319,865 
Loan #3(1)  110,813   453,373   470,016   487,271   505,159   1,486,869   3,513,501 
Loan #4(1)  59,477   81,847   84,851   87,966   91,195   1,887,523   2,292,859 
Loan #5(1)  12,129   12,574   13,036   13,515   14,011   266,123   331,388 
Subtotal $333,392  $706,699  $1,155,604  $687,290  $713,442  $5,488,666   

9,085,093

 
Debt Issuance Costs                          (129,443) 
Total                         $8,955,650 

 

(1)These notes bear interest at a variable rate equal to the one-month LIBOR plus a margin of 2.25%. Figures in this table are estimated using an interest rate of approximately 3.611%. The actual interest rate and principal payments will be different.