Line of Credit and Mortgage Payable (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
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Mar. 18, 2016 |
Dec. 18, 2014 |
Mar. 31, 2017 |
Mar. 31, 2016 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 30, 2015 |
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Line of Credit Facility [Line Items] | |||||||
Financing costs incurred | $ 13,650 | $ 65,050 | $ 76,159 | $ 12,075 | |||
Amortization costs | 14,559 | $ 12,996 | 47,676 | 26,916 | |||
Long-term Line of Credit | 4,150,100 | 8,113,943 | 6,000,000 | ||||
Mortgage payable | |||||||
Line of Credit Facility [Line Items] | |||||||
Debt Instrument, Face Amount | $ 310,000 | $ 310,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 4.52% | 4.52% | |||||
Debt Instrument, Periodic Payment | $ 1,975 | $ 1,975 | |||||
Debt Instrument, Maturity Date | Jan. 31, 2022 | Jan. 31, 2022 | |||||
Bankwell | Guarantee Obligations | Maximum | |||||||
Line of Credit Facility [Line Items] | |||||||
Long-term Line of Credit | $ 1,000,000 | ||||||
Bankwell | Line of Credit | |||||||
Line of Credit Facility [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 15,000,000 | $ 5,000,000 | $ 1,000,000 | $ 7,000,000 | |||
Line of Credit Facility, Interest Rate at Period End | 7.00% | 6.75% | |||||
Line of Credit Facility, Expiration Date | Mar. 15, 2018 | ||||||
Debt Instrument, Interest Rate Terms |
The interest rate on the Bankwell Credit Line is variable at 3% in excess of the Wall Street Journal prime rate, but in no event less than 6.25%, per annum, on the money in use.
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Debt Instrument, Term | 2 years | ||||||
Financing costs incurred | $ 65,000 | 12,000 | |||||
Amortization costs | 47,676 | 26,916 | |||||
Long-term Line of Credit | $ 8,113,943 | $ 6,000,000 |
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- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total of the cash outflow during the period which has been paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt and the cost incurred directly for the issuance of equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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