XML 55 R45.htm IDEA: XBRL DOCUMENT v3.7.0.1
Line of Credit and Long Term Debt (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Debt Instrument [Line Items]    
Total $ 0 $ 507,048
Less: current portion 0 94,868
Long-term debt, net of current portion 0 412,180
Long-term debt related to assets held for sale, net of current portion 0 412,180
Cardinal Bank Mortgage Dated December 17, 2010 [Member]    
Debt Instrument [Line Items]    
Total [1] 0 432,367
Cardinal Bank Term Note Dated December 31, 2011 [Member]    
Debt Instrument [Line Items]    
Total [2] $ 0 $ 74,681
[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.