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v3.19.1

Bank Debt (Details Textual) | 3 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2019 USD ($) ft² | Mar. 31, 2018 USD ($) | Dec. 31, 2018 USD ($) | Mar. 31, 2017 USD ($) | Mar. 31, 2016 USD ($) | Sep. 30, 2010 USD ($)
Bank Debt (Textual) |  |  |  |  |  |
Debt issue costs |  | $ 522 |  |  |  |
Interest Rate Swap [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Variable interest rate with LIBOR, description | Interest rate exposures on Loan #1 and Loan #2 with interest rate swap agreements that effectively converted floating interest rates based on the one-month LIBOR plus a margin of 3.25% and 2.25% to the fixed rates of 6.04% and 4.38%, respectively. As of March 31, 2019, the variable rates on these two mortgage notes were 5.75% and 4.74%, respectively |  |  |  |  |
Original notional amount | $ 2,757,231 |  |  |  |  |
Line of Credit [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Credit facility aggregate value |  |  |  | $ 6,500,000 | $ 4,500,000 |
Variable interest rate with LIBOR, description |  |  | Interest on borrowings against the line of credit is variable at the higher of 4.25% per annum or the one-month LIBOR plus 3.5% per annum. |  |  |
Outstanding under line of credit |  |  | $ 500,000 |  |  |
Line of Credit [Member] | Loan 1 and Loan 2 [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Debt issue costs | 26,489 |  |  |  |  |
Line of Credit [Member] | Loan 1 and Loan 2 [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Debt issue costs | 34,125 |  |  |  |  |
Line of Credit [Member] | Loan 3 and Loan 4 and Laon 5 [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Debt issue costs | 46,734 |  |  |  |  |
Line of Credit [Member] | Loan 3 and Loan 4 and Laon 5 [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Debt issue costs | 68,072 |  |  |  |  |
Loan One [Member] | Interest Rate Swap [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Original notional amount | 1,000,000 |  |  |  |  |
Loan Two [Member] | Interest Rate Swap [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Original notional amount | $ 2,500,000 |  |  |  |  |
Loan Four [Member] | Line of Credit [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Variable interest rate with LIBOR, description | These notes bear interest at a variable rate equal to the one-month LIBOR plus a margin of 2.25%. |  |  |  |  |
Variable interest rate | 4.74% |  |  |  |  |
Loan Five [Member] | Line of Credit [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Variable interest rate with LIBOR, description | This note bears interest at a variable rate equal to the one-month LIBOR plus a margin of 2.25%. |  |  |  |  |
Variable interest rate | 4.73% |  |  |  |  |
Td Bank [Member] | Line of Credit [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Credit facility aggregate value |  |  |  |  |  | $ 500,000
Td Bank [Member] | Loan One [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Proceeds from issuance of loan | $ 1,000,000 |  |  |  |  |
Interest payments, term | 10 years |  |  |  |  |
Loan amortization, term | 15 years |  |  |  |  |
Balloon principal payment | $ 451,885 |  |  |  |  |
Balloon principal payment due, description | Due during the third quarter of 2020. |  |  |  |  |
Outstanding amount of loan | $ 545,723 |  |  |  |  |
Td Bank [Member] | Loan Two [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Proceeds from issuance of loan | $ 2,500,000 |  |  |  |  |
Interest payments, term | 10 years |  |  |  |  |
Loan amortization, term | 20 years |  |  |  |  |
Balloon principal payment |  |  | $ 1,550,000 |  |  |
Balloon principal payment due, description | Due during the third quarter of 2025. |  |  |  |  |
Outstanding amount of loan | $ 2,211,508 |  |  |  |  |
Td Bank [Member] | Loan Three [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Maximum limit on issuance of loan, description | Not to exceed 80%. |  |  |  |  |
Proceeds from issuance of loan | $ 3,940,000 |  |  |  |  |
Loan amortization, term | 7 years |  |  |  |  |
Outstanding amount of loan | $ 3,658,571 |  |  |  |  |
Variable interest rate with LIBOR, description | Variable rate equal to the one-month LIBOR (adjusted at each monthly payment date) plus a margin of 2.25% through March 2018, at which time the loan converted to a term loan facility at the same variable interest rate (which was equal to 4.74% as of March 31, 2019) |  |  |  |  |
Loan conversion, term | 7 years |  |  |  |  |
Td Bank [Member] | Loan Four [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Maximum limit on issuance of loan, description | Not to exceed 80%. |  |  |  |  |
Proceeds from issuance of loan | $ 2,560,000 |  |  |  |  |
Interest payments, term | 10 years |  |  |  |  |
Loan amortization, term | 20 years |  |  |  |  |
Balloon principal payment | $ 1,408,000 |  |  |  |  |
Balloon principal payment due, description | Due during the first quarter of 2027. |  |  |  |  |
Outstanding amount of loan | $ 2,432,000 |  |  |  |  |
Variable interest rate with LIBOR, description | Variable rate equal to the one-month LIBOR (adjusted at each monthly payment date) plus a margin of 2.25% through March 2018, at which time the loan converted to a term loan facility at the same variable interest rate (which was equal to 4.74% as of March 31, 2019) |  |  |  |  |
Td Bank [Member] | Loan Five [Member] |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |
Proceeds from issuance of loan | $ 340,000 |  |  |  |  |
Interest payments, term | 10 years |  |  |  |  |
Loan amortization, term | 20 years |  |  |  |  |
Balloon principal payment | $ 209,000 |  |  |  |  |
Balloon principal payment due, description | Due during the first quarter of 2027. |  |  |  |  |
Outstanding amount of loan | $ 318,322 |  |  |  |  |
Variable interest rate with LIBOR, description | Variable rate equal to the one-month LIBOR (adjusted at each monthly payment date) plus a margin of 2.25% (which was equal to 4.73% as of March 31, 2019) |  |  |  |  |
Warehouse and storage facility | ft² | 4,114 |  |  |  |  |

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- Definition Description of contractual payment terms of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, whether mortgage loan is payable at level or varying amount to maturity, balloon payment requirement at maturity, and prepayment penalty. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph Column D -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column D)) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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