Quarterly report pursuant to Section 13 or 15(d)

BANK FINANCING (Details)

v3.10.0.1
BANK FINANCING (Details)
9 Months Ended
Sep. 30, 2018
USD ($)
payment
Dec. 31, 2017
USD ($)
Debt Instrument [Line Items]    
Short term bank credit $ 4,774,358 $ 5,092,088
Revolving Credit Facility    
Debt Instrument [Line Items]    
Revolver, maximum borrowing capacity $ 15,000,000  
Expiration date Mar. 11, 2021  
Revolver, effective interest rate 5.25%  
Covenant terms The Credit Facilities maintain certain reporting requirements, conditions precedent, affirmative covenants and financial covenants. The Company is required to maintain certain financial covenants that include a Maximum Debt to EBITDA ratio of 3.00 to 1.00 and a Minimum Fixed Charge Coverage Ratio of 1.20 to 1.00.  
Maximum Debt to EBITDA ratio 3  
Minimum Fixed Charge Coverage ratio 1.2  
Collateral The Credit Facilities are secured by the Company’s assets and the assets of the Company’s domestic subsidiaries.  
Mortgage Loan    
Debt Instrument [Line Items]    
Loans, maturity date Jun. 01, 2024  
Loans, payment terms The monthly payments on Term Loan B and Term Loan C are $7,212 and $5,660, respectively, in principal plus accrued interest, with balloon payments due on the maturity date.  
Loans, effective interest rate 5.50%  
Loan balance $ 2,900,000 3,100,000
Number of loans 2  
Term Loan A    
Debt Instrument [Line Items]    
Loans, face amount $ 10,000,000  
Loans, maturity date Mar. 11, 2021  
Loans, payment terms The repayment of Term Loan A consists of 60 consecutive monthly payments of principal plus accrued interest based on annual principal reductions of 10% during the first year, 20% during the second through fourth years, and 30% during the fifth year.  
Number of monthly payments | payment 60  
Assumed principal reduction in year one 10.00%  
Assumed principal reduction in year two 20.00%  
Assumed principal reduction in year three 20.00%  
Assumed principal reduction in year four 20.00%  
Assumed principal reduction in year five 30.00%  
Loans, effective interest rate 5.50%  
Loan balance $ 6,200,000 $ 7,700,000
Term Loan B | Mortgage Loan    
Debt Instrument [Line Items]    
Loans, face amount 1,730,895  
Loans, monthly payment 7,212  
Term Loan C | Mortgage Loan    
Debt Instrument [Line Items]    
Loans, face amount 1,358,000  
Loans, monthly payment $ 5,660  
Minimum | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility    
Debt Instrument [Line Items]    
Interest rate, basis spread 1.75%  
Minimum | London Interbank Offered Rate (LIBOR) | Term Loan A    
Debt Instrument [Line Items]    
Interest rate, basis spread 2.00%  
Maximum | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility    
Debt Instrument [Line Items]    
Interest rate, basis spread 3.00%  
Maximum | London Interbank Offered Rate (LIBOR) | Term Loan A    
Debt Instrument [Line Items]    
Interest rate, basis spread 3.25%