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v3.20.2

SUBSEQUENT EVENTS (Details Narrative) |  |  |  |  |  | 1 Months Ended | 3 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Aug. 24, 2020 USD ($) | Sep. 27, 2019 USD ($) | Sep. 03, 2019 USD ($) | Mar. 31, 2019 USD ($) | Dec. 20, 2018 USD ($) | May 31, 2020 USD ($) | Oct. 31, 2019 USD ($) | Mar. 31, 2019 USD ($) | Mar. 31, 2018 USD ($) | Apr. 10, 2020 USD ($) | Dec. 31, 2019 USD ($) | Jun. 30, 2019 USD ($) | Dec. 31, 2018 USD ($) | Mar. 24, 2016 USD ($)
Restricted cash |  |  |  | $ 2,000,000 |  |  |  | $ 2,000,000 |  |  |  |  | $ 2,000,000 |
Net income |  |  |  |  |  |  |  | (934,716) | $ (1,442,907) |  |  |  |  |
Term loan [Member] | Bank United [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 10,000,000
Line of credit facility, maturity date |  |  |  | Jun. 30, 2020 |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Amendment - Bank United [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable rate spread | 3.25% |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Amendment - Bank United [Member] | Prime Rate [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable rate spread | 0.25% |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Amendment - Bank United [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Variable rate spread | 0.50% |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Bank United [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 30,000,000
Line of credit facility, maturity date |  |  |  | Jun. 30, 2020 |  |  |  |  |  |  |  |  |  |
Air [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Judgment amount sought |  | $ 4,100,000 |  |  |  |  |  |  |  |  |  |  |  |
WMI [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of total purchase price |  |  |  |  | $ 7,900,000 |  |  |  |  |  |  |  |  |
Purchase price held in escrow |  |  |  | $ 2,000,000 |  |  |  | $ 2,000,000 |  |  |  | $ 2,000,000 |  |
Potential decrease in acquisition purchase price |  |  | $ 4,100,000 |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of stop-work order |  |  |  |  |  | $ 3,600,000 |  |  |  |  |  |  |  |
Judgment amount sought |  |  |  |  |  | $ 3,600,000 |  |  |  |  |  |  |  |
Subsequent Event [Member] | Sixth Amendment - Bank United [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum adjusted EBITDA | $ 1,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] | Sixth Amendment - Bank United [Member] | Minimum [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum funded debt to EBITDA ratio | 4.0 |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum adjusted EBITDA | $ 2,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | 1 |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] | Amendment - Bank United after 9/30/20 [Member] | Minimum [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum adjusted EBITDA | $ 1,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] | Term loan [Member] | Sixth Amendment - Bank United [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, maturity date | May 22, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding principal amount | $ 7,933,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving note converted into term loan | 6,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] | Revolving Credit Facility [Member] | Sixth Amendment - Bank United [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity | $ 24,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Line of credit facility, maturity date | May 22, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Reduction in revolving note | $ 6,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] | Air [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Judgment amount sought |  | $ 4,100,000 |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Member] | WMI [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Potential decrease in acquisition purchase price |  |  | $ 4,100,000 |  |  |  |  |  |  |  |  |  |  |
Release of escrow deposit |  |  |  |  |  |  | $ 619,000 |  |  |  |  |  |  |
Restricted cash |  |  |  |  |  |  |  |  |  |  | $ 1,381,000 |  |  |
Purchase price additional disputed amount |  |  |  |  |  |  |  |  |  |  | $ 2,100,000 |  |  |
Subsequent Event [Member] | PPP Loan [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  |  |  | $ 4,795,000 |  |  |  |
Interest rate |  |  |  |  |  |  |  |  |  | 1.00% |  |  |  |

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