XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.21.2

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Accounting Policies [Abstract] |
Schedule of financial assets measured at fair value on nonrecurring basis |
|  | As of September 30, 2021 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and money market accounts |  | $ | 10,495,759 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,495,759 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank debt |  | $ | — |  |  | $ | (9,332,273 | ) |  | $ | — |  |  | $ | (9,332,273 | )
|  | As of December 31, 2020 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and money market accounts |  | $ | 6,949,937 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,949,937 |
Bank certificates of deposit |  |  | — |  |  |  | 996,495 |  |  |  | — |  |  |  | 996,495 |
Total |  | $ | 6,949,937 |  |  | $ | 996,495 |  |  | $ | — |  |  | $ | 7,946,432 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bank debt |  | $ | — |  |  | $ | (9,497,486 | ) |  | $ | — |  |  | $ | (9,497,486 | )
Schedule of sales to significant customers |
|  | During the Three-Month Periods Ended September 30, |  |  | During the Nine-Month Periods Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Company A |  |  | 47 | % |  |  | 44 | % |  |  | 46 | % |  |  | 40 | %
Company B |  |  | 26 | % |  |  | 27 | % |  |  | 28 | % |  |  | 30 | %
Schedule of trade accounts receivable due from significant customers |
|  | As of September 30, 2021 |  |  | As of December 31, 2020 |
Company A |  |  | 52 | % |  |  | 48 | %
Company B |  |  | 23 | % |  |  | 27 | %
Schedule of net income (loss) per common share |
|  | During the Three-Month Periods Ended September 30, |  |  | During the Nine-Month Periods Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net income (loss) attributable to stockholders |  | $ | 147,764 |  |  | $ | (322,888 | ) |  | $ | (152,426 | ) |  | $ | (1,210,947 | )
Weighted average common shares outstanding - Basic |  |  | 7,741,864 |  |  |  | 7,212,919 |  |  |  | 7,541,884 |  |  |  | 7,212,919 |
Dilutive impact of share-based compensation awards |  |  | 78,430 |  |  |  | — |  |  |  | — |  |  |  | — |
Weighted average common shares outstanding - Diluted |  |  | 7,820,294 |  |  |  | 7,212,919 |  |  |  | 7,541,884 |  |  |  | 7,212,919 |
Income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.02 |  |  | $ | (0.04 | ) |  | $ | (0.02 | ) |  | $ | (0.17 | )
Diluted |  | $ | 0.02 |  |  | $ | (0.04 | ) |  | $ | (0.02 | ) |  | $ | (0.17 | )

X
- Definition Tabular disclosure of sales to significant customers that amounted to 10% or more of total product sales by the entity during the period. + References No definition available. + Details
Name: | iccc_ScheduleOfSalesToSignificantCustomersTableTextBlock
Namespace Prefix: | iccc_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | iccc_ScheduleOfTradeAccountsReceivableDueFromSignificantCustomersTableTextBlock
Namespace Prefix: | iccc_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration