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Preferred Stock
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Preferred Stock

(14) Preferred Stock. The company issued 7 shares of Series A Preferred Stock at $25,000 per share. Each share of the Series A Preferred Stock has no par value and is non-convertible to common stock. The Preferred Stock has a rate of 10% per annum. These dividends will be paid annually in arrears on December 31 of each year. Notwithstanding the foregoing, dividends will not be declared, paid or set aside for payment to the extent such act would cause the Company to fail to comply with laws and regulations. These dividends will be cumulative. A liquidation value of $25,000 is assigned to each share. In April 2018, the Board approved the conversion of these Series A Preferred Stock shares into 79,186 shares of Common Stock.