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DERIVATIVE INSTRUMENTS AND FAIR VALUE (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair values

At June 30, 2017 and December 31, 2016, the fair values of cash, accounts receivable accounts payable and accrued expenses approximated their carrying values because of the short-term nature of these instruments.

 

   June 30, 2017 
   Carrying Amount   Fair Value 
Debt        
Short-term borrowings and long-term debt  $33,984,940   $33,984,940 

 

   December 31, 2016 
   Carrying Amount   Fair Value 
Debt        
Short-term borrowings and long-term debt  $32,689,467   $32,689,467 
Schedule of liabilities measured on recurring basis

The following table presents the fair values of those financial liabilities measured on a recurring basis as of June 30, 2017 and December 31, 2016:

 

       Fair Value Measurements June 30, 2017 
Description  Total   Quoted Prices in Active Markets for Identical assets (Level 1)     Significant
Other
Observable
Inputs (Level 2)		    Significant Unobservable Inputs (Level 3) 
Interest Rate Swap, net  $6,581    —   $ 6,581     — 
Total  $6,581    —   $ 6,581     — 

 

       Fair Value Measurements December 31, 2016 
Description  Total   Quoted Prices in Active Markets for Identical assets (Level 1)   Significant Other Observable Inputs (Level 2)   Significant Unobservable Inputs (Level 3) 
Interest Rate Swap, net  $13,685    —   $13,685    — 
Total  $13,685    —   $13,685    —