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Assets Held for Sale | 6 Months Ended
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Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
3. | Assets Held for Sale
In November 2016, the Company evaluated plans to either expand its facility located in Lewis Center, Ohio (“Lewis Center Facility”) or relocate to a larger facility that could accommodate the Company’s growth and operational requirements. In December 2016, the Company’s management decided to put the Lewis Center Facility up for sale and identify a larger facility to lease. The Company closed the sale of its Lewis Center Facility on May 22, 2017 at a gross sales price of $730,000 and received net proceeds of approximately $236,400 after paying off the existing mortgage, broker commissions and other closing costs. The Company recognized a net gain of approximately $66,700 on the sale of its Lewis Center Facility and reported this gain within general and administrative expense in the consolidated statements of operations. Assets held for sale are set forth in the table below as of the periods presented:
|  | JUNE 30, |  | DECEMBER 31, |
|  | 2017 |  | 2016 |
|  | (Unaudited) |
Land |  | $ | - |  | $ | 139,656 |
Building |  |  | - |  |  | 537,398 |
Total Land and building held for sale, at cost |  | $ | - |  | $ | 677,054 |
Less: Accumulated depreciation |  |  | - |  |  | (82,678) |
Land and building held for sale, net |  | $ | - |  | $ | 594,376 |
Long-term debt |  | $ | - |  | $ | 432,367 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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