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Line of Credit and Long Term Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Line of Credit and Long Term Debt [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt consisted of the following:
 
 
 
SEPTEMBER 30,
 
DECEMBER 31,
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
Cardinal Bank mortgage dated December 17, 2010 (1)
 
$
-
 
$
432,367
 
Cardinal Bank term note dated December 31, 2011 (2)
 
 
-
 
 
74,681
 
 
 
 
 
 
 
 
 
Total
 
 
-
 
 
507,048
 
Less: current portion
 
 
-
 
 
94,868
 
 
 
 
 
 
 
 
 
Long-term debt, net of current portion
 
$
-
 
$
412,180
 
 
 
 
 
 
 
 
 
Long-term debt related to assets held for sale, net of current portion
 
$
-
 
$
412,180
 
 
(1)       On December 17, 2010, the Company entered into a real estate purchase agreement to acquire the Lewis Center Facility for approximately $677,000 and financed a significant portion of the purchase price with a $528,000 ten-year mortgage with Cardinal Bank. On May 22, 2017, the Company completed the sale of this real estate asset and paid off the balance of the mortgage. See Note 3 for additional information regarding the sale of the property.
 
(2)       On December 31, 2011, the Company entered into a $4.0 million 5-year term note with Cardinal Bank to fund a portion of the purchase price paid in connection with the asset purchase agreement with Avalon Global Solutions, Inc. dated December 30, 2011. The Company paid the last scheduled installment on January 6, 2017.
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
The following sets forth the Company’s future minimum payment obligations under these capital lease agreements for fiscal years ending September 30:
 
2017
 
$
24,500
 
2018
 
 
24,500
 
2019
 
 
24,500
 
2020
 
 
12,291
 
 
 
 
 
 
Total principal and interest payments
 
 
85,791
 
Less: portion representing interest
 
 
9,028
 
Present value of minimum lease payments
 
 
 
 
under capital lease agreements
 
 
76,763
 
Less: current portion
 
 
20,216
 
Capital lease obligations, net of current portion
 
$
56,547