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DERIVATIVE INSTRUMENTS AND FAIR VALUE (Tables)
9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair values

At September 30, 2018 and December 31, 2017, the fair values of cash, accounts receivable, accounts payable and accrued expenses approximated their carrying values because of the short-term nature of these instruments. 

 

    September 30, 2018  
    Carrying Amount     Fair Value  
Debt            
Short-term borrowings and long-term debt   $ 35,694,028     $ 35,694,028  

 

    December 31, 2017  
    Carrying Amount     Fair Value  
Debt            
Short-term borrowings and long-term debt   $ 31,893,894     $ 31,893,894  
Schedule of financial liabilities measured on recurring basis

The following table presents the fair values of those financial liabilities measured on a recurring basis as of December 31, 2017:

 

       Fair Value Measurements December 31, 2017 
Description  Total   Quoted Prices
in Active
Markets for
Identical assets
(Level 1)
   Significant
Other
Observable
Inputs (Level 2)
   Significant
Unobservable
Inputs (Level 3)
 
Interest Rate Swap, net  $18,781       $18,781     
Total  $18,781       $18,781