XML 51 R41.htm IDEA: XBRL DOCUMENT v3.23.2
DEBT (Details Narrative)
6 Months Ended 87 Months Ended
Mar. 23, 2023
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Mar. 24, 2016
USD ($)
Line of Credit Facility [Line Items]            
Current portion of line of credit   $ 2,640,000   $ 2,640,000 $ 1,200,000  
Line of credit   18,360,000   18,360,000 19,800,000  
Financing leases and notes payable   129,323   129,323 207,414  
Financing leases and notes payable current   87,838   $ 87,838 136,433  
Payments of debt issuance costs   $ 54,334      
Prime Rate [Member]            
Line of Credit Facility [Line Items]            
Debt Instrument, Interest Rate, Stated Percentage   8.25%   8.25%    
Term loan [Member]            
Line of Credit Facility [Line Items]            
Aggregate principal balance   $ 133,333   $ 133,333 1,583,333  
Bank United [Member]            
Line of Credit Facility [Line Items]            
Minimum debt service coverage ratio   1.5   1.5    
Maximum leverage ratio   4.0   4.0    
Minimum adjusted EBITDA   $ 1,000,000        
Payments of debt issuance costs       $ 962,000    
Debt issuance costs   126,000   126,000    
Bank United [Member] | Minimum [Member]            
Line of Credit Facility [Line Items]            
Net income required under agreement   1.00        
Bank United [Member] | Revolving Credit Facility [Member]            
Line of Credit Facility [Line Items]            
Line of credit facility, maximum borrowing capacity           $ 30,000,000
Amendment fee $ 250,000          
Outstanding loans   21,000,000   21,000,000 $ 21,000,000  
Current portion of line of credit   2,640,000   2,640,000    
Line of credit   $ 18,360,000   $ 18,360,000    
Bank United [Member] | Revolving Credit Facility [Member] | Period One [Member]            
Line of Credit Facility [Line Items]            
Line of credit facility, maximum borrowing capacity 20,520,000          
Bank United [Member] | Revolving Credit Facility [Member] | Period Two [Member]            
Line of Credit Facility [Line Items]            
Line of credit facility, maximum borrowing capacity 19,800,000          
Bank United [Member] | Revolving Credit Facility [Member] | Period Three [Member]            
Line of Credit Facility [Line Items]            
Line of credit facility, maximum borrowing capacity 17,640,000          
Bank United [Member] | Revolving Credit Facility [Member] | First Installment [Member]            
Line of Credit Facility [Line Items]            
Amendment fee 116,667          
Bank United [Member] | Revolving Credit Facility [Member] | Second Installment [Member]            
Line of Credit Facility [Line Items]            
Amendment fee $ 133,333          
Bank United [Member] | Term loan [Member]            
Line of Credit Facility [Line Items]            
Debt instrument, face amount           $ 10,000,000
Bank United [Member] | Revolving Loan and Term Loan [Member]            
Line of Credit Facility [Line Items]            
Expiration date Nov. 30, 2024          
Interest rate   11.75%   11.75%    
Bank United [Member] | Revolving Loan and Term Loan [Member] | Prime Rate [Member]            
Line of Credit Facility [Line Items]            
Prime rate Plus   3.50%