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v3.20.2

Bank Debt (Details Textual) | 1 Months Ended | 3 Months Ended | 6 Months Ended
--- | --- | --- | ---
Apr. 30, 2020 USD ($) | Sep. 30, 2020 | Mar. 31, 2020 USD ($) | Mar. 31, 2017 USD ($) ft² | Mar. 31, 2016 USD ($) | Sep. 30, 2015 USD ($) | Sep. 30, 2010 USD ($) | Jun. 30, 2020 USD ($) | Jun. 30, 2019 USD ($)
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Debt issue costs |  |  |  |  |  |  |  | $ 39,789 |
Line of credit |  |  |  |  |  |  |  | 1,000,000 |
Td Bank [Member] | Loan #1 [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. |  |
Fixed interest rate |  |  |  |  |  |  | 6.04% |  |
Td Bank [Member] | Loan #2 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan |  |  |  |  |  | $ 2,500,000 |  |  |
Interest payments, term |  |  |  |  |  | 10 years |  |  |
Loan amortization, term |  |  |  |  |  | 25 years |  |  |
Balloon principal payment |  |  |  |  |  | $ 1,550,000 |  |  |
Balloon principal payment due, description |  |  |  |  |  | Due during the third quarter of 2025. |  |  |
Fixed interest rate |  |  |  |  |  | 4.38% |  |  |
Td Bank [Member] | Loans #3 and #4 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan |  |  |  | $ 6,500,000 | $ 4,500,000 |  |  |  |
Td Bank [Member] | Loans #3 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan |  |  |  |  |  |  |  | $ 3,940,000 |
Interest payments, term |  |  |  |  |  |  |  | 7 years |
Loan amortization, term |  |  |  |  |  |  |  | 7 years |
Variable interest rate with LIBOR, description |  |  |  |  |  |  |  | Term loan facility bearing interest at the variable rate equal to the one-month LIBOR plus a margin of 2.25% per annum. |
Td Bank [Member] | Loans #4 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan |  |  |  |  |  |  |  | $ 2,560,000 |
Interest payments, term |  |  |  |  |  |  |  | 10 years |
Loan amortization, term |  |  |  |  |  |  |  | 25 years |
Balloon principal payment |  |  |  |  |  |  |  | $ 1,408,000 |
Balloon principal payment due, description |  |  |  |  |  |  |  | Due during the first quarter of 2027. |
Td Bank [Member] | Loans #5 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan |  |  |  | $ 340,000 |  |  |  |  |
Interest payments, term |  |  |  | 10 years |  |  |  |  |
Loan amortization, term |  |  |  | 20 years |  |  |  |  |
Balloon principal payment |  |  |  | $ 206,000 |  |  |  |  |
Balloon principal payment due, description |  |  |  | Due during the first quarter of 2027. |  |  |  |  |
Variable interest rate with LIBOR, description |  |  |  | Variable rate equal to the one-month LIBOR plus a margin of 2.25% |  |  |  |  |
Warehouse and storage facility | ft² |  |  |  | 4,114 |  |  |  |  |
Gorham Savings Bank [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Bank debt covenant prior to refinancing |  |  | $ 2,000,000 |  |  |  |  |  |
Debt financing |  |  | 8,600,000 |  |  |  |  |  |
Line of credit |  |  | 1,000,000 |  |  |  |  |  |
Escrow account |  |  | $ 1,400,000 |  |  |  |  |  |
Gorham Savings Bank [Member] | Loan #6 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Interest payments, term |  |  | 10 years |  |  |  |  |  |
Loan amortization, term |  |  | 25 years |  |  |  |  |  |
Fixed interest rate |  |  | 3.50% |  |  |  |  |  |
Debt financing |  |  | $ 5,100,000 |  |  |  |  |  |
Gorham Savings Bank [Member] | Loans #7 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Interest payments, term |  |  | 7 years |  |  |  |  |  |
Loan amortization, term |  |  | 7 years |  |  |  |  |  |
Variable interest rate with LIBOR, description |  |  | The line of credit is available as needed through March 10, 2022. There was no outstanding balance under this line of credit as of June 30, 2020. Interest on borrowings against the line of credit is variable at the rate of the one-month LIBOR plus 2.15% per annum. |  |  |  |  |  |
Fixed interest rate |  |  | 3.50% |  |  |  |  |  |
Debt issue costs |  |  | $ 39,789 |  |  |  |  |  |
Debt financing |  |  | $ 3,500,000 |  |  |  |  |  |
Paycheck Protection Program [Member] | Loan #8 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan | $ 937,700 |  |  |  |  |  |  |  |
Fixed interest rate | 1.00% |  |  |  |  |  |  |  |
Payroll expenses, percentage |  | 100.00% |  |  |  |  |  | 60.00% |
Maine Technology Institute [Member] | Loan #9 [Member] |  |  |  |  |  |  |  |  |
Bank Debt (Textual) |  |  |  |  |  |  |  |  |
Proceeds from issuance of loan |  |  |  |  |  |  |  | $ 500,000 |
Fixed interest rate |  |  |  |  |  |  |  | 5.00% |

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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=120402547&loc=d3e617274-123014 + Details
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
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- Definition Description of the payment terms of the debt instrument (for example, whether periodic payments include principal and frequency of payments) and discussion about any contingencies associated with the payment. + 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(a)(3)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Amount, after accumulated amortization, of debt issuance costs classified as current. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + 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 210.5-02.8) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28555-108399 + Details
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- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.10) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 + Details
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