XML 68 R58.htm IDEA: XBRL DOCUMENT v3.20.2
Debt (Details) - USD ($)
1 Months Ended 3 Months Ended
May 31, 2020
Apr. 30, 2020
May 20, 2019
Jan. 30, 2017
Dec. 23, 2016
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Debt (Details) [Line Items]                
Fixed charge coverage ratio, description           The financial covenants require NYM to deliver audited consolidated financial statements within one hundred twenty days after the fiscal year end and to maintain a fixed charge coverage ratio not less than 1.1 to 1.0 and senior funded debt to earnings before interest, tax, depreciation and amortization (“EBITDA”) ratio less than 3.0 to 1.0 at the last day of each fiscal quarter, beginning with the fiscal quarter ending March 31, 2017.    
Debt instrument, covenant           The Company violated the loan covenant when Mr. Long Deng, CEO and major shareholder of the Company sold an aggregate of 8,294,989 restricted shares to HK Xu Ding Co., Limited on January 23, 2019, representing 51% of the total issued and outstanding shares of the Company as of December 31, 2018.    
Interest payment terms           As a result, effective as of March 1, 2019, interest was accrued on all loans at the default rate and the monthly principal and interest payment due under the effective date term loan will be $155,872 instead of $142,842.    
Revolving credit facility commitment fee, description     Starting from May, 2019, the monthly payment decreased to $142,842 as originally required per the credit facility agreements.          
PPP Loans from government [Member]                
Debt (Details) [Line Items]                
Paycheck protection program $ 1,768,212 $ 1,768,212            
Principal and accrued interest, percentage               100.00%
Loan interest rate           1.00%    
Loan maturity year           2 years    
Secured Debt [Member]                
Debt (Details) [Line Items]                
Credit agreement, description         as borrower, entered into a $25 million senior secured Credit Agreement (the “Credit Agreement”) with Key Bank National Association (“Key Bank” or “Lender”). The Credit Agreement provides for (1) a revolving credit of $5,000,000 for making advance and issuance of letter of credit, (2) $15,000,000 of effective date term loan and (3) $5,000,000 of delayed draw term loan. The interest rate is equal to (1) the Lender’s “prime rate” plus 0.95%, or (b) the Adjusted LIBOR rate plus 1.95%. Both the termination date of the revolving credit and the maturity date of the term loans are December 23, 2021. The Company will pay a commitment fee equal to 0.25% of the undrawn amount of the Revolving Credit Facility and 0.25% of the unused Delayed Draw Term Loan Facility. $4,950,000 of the revolving credit was used as of June 30, 2020.      
Long-term line of credit         $ 5,000,000      
Delayed draw term loan         $ 5,000,000      
Term loan       $ 15,000,000        
Monthly payments of principal and interest       $ 142,842        
Revolving Credit Facility [Member]                
Debt (Details) [Line Items]                
Long-term line of credit           $ 4,950,000 $ 4,950,000