Debt (Details Narrative)
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1 Months Ended |
12 Months Ended |
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May 08, 2020
USD ($)
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May 01, 2020
USD ($)
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Feb. 20, 2020
USD ($)
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Dec. 19, 2019 |
Feb. 08, 2019
USD ($)
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Dec. 11, 2018
USD ($)
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Nov. 05, 2018
USD ($)
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Nov. 01, 2018
USD ($)
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Nov. 01, 2018
USD ($)
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Sep. 26, 2018
USD ($)
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Sep. 25, 2018
USD ($)
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Sep. 17, 2018
USD ($)
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Sep. 06, 2018
USD ($)
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Aug. 28, 2018
USD ($)
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Aug. 15, 2018
USD ($)
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May 25, 2018
USD ($)
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Apr. 24, 2018
USD ($)
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Feb. 20, 2018
USD ($)
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Feb. 15, 2018
USD ($)
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Dec. 14, 2017
USD ($)
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Dec. 14, 2017
USD ($)
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Dec. 07, 2017
USD ($)
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May 08, 2017
USD ($)
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May 01, 2017
USD ($)
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Oct. 05, 2016
USD ($)
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Oct. 31, 2020
USD ($)
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Mar. 31, 2020 |
Jul. 31, 2019
USD ($)
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Oct. 31, 2018
USD ($)
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Mar. 31, 2017
USD ($)
Integer
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Sep. 30, 2015
USD ($)
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Jun. 30, 2015
USD ($)
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Jan. 31, 2012
USD ($)
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Sep. 30, 2020
USD ($)
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Dec. 31, 2019
USD ($)
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Sep. 30, 2019
USD ($)
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Nov. 02, 2018
USD ($)
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Sep. 30, 2018
USD ($)
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Aug. 14, 2018
USD ($)
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Dec. 31, 2017
USD ($)
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Debt Instrument [Line Items] |
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Notes Payable |
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$ 1,740,000
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$ 1,000,000.0
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$ 625,000
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$ 6,000,000.0
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Debt Instrument, Payment Terms |
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The note, as modified, still bears interest at 9% and is payable in 108 equal monthly
installments of $11,905, including principal and interest, until July 2028.
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Debt instrument, term |
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3 years
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24 months
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5 years
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Debt, monthly payment including interest |
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$ 250,000,000,000
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$ 118,817
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$ 11,905
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$ 5,078
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Debt interest rate |
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7.00%
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8.00%
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5.25%
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12.00%
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9.00%
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9.00%
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Loss Contingency, Damages Sought, Value |
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$ 10,000,000.0
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$ 1,000,000
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Monthly Installment Of Settlement Loss |
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$ 119,000
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$ 119,000
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Patron tax rate per customer |
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9.60%
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Long-term Debt |
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$ 9,900,000
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$ 7,200,000
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142,674,000
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$ 145,003,000
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Amount refinanced through debt |
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$ 2,000,000.0
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$ 8,000,000.0
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Debt maturity date |
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Feb. 15, 2038
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Debt Conversion, Converted Instrument, Amount |
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4,000,000.0
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Debt Instrument, Face Amount |
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$ 879,085
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Loan from bank |
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$ 4,000,000.0
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$ 1,900,000
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$ 3,000,000.0
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Debt instrument, description |
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the Company paid monthly installments of principal of $250,000, applied to the first note, until the loan-to-value ratio of the Properties, based upon reduced principal balance of the December 2017 Refinancing Loan and the then current value of the Properties, is not greater than 65%. The loan-to-value ratio of the Properties
fell below 65% in October 2019, hence, we stopped paying the additional $250,000 monthly.
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Fixed interest maturity description |
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The bank note bears interest at 5.25% adjusted after 36 months to prime plus
1% with a floor of 5.2% and matures on February 15, 2038. The bank note is payable interest-only during the first 18 months, after
which monthly payments of principal and interest will be made based on a 20-year amortization with the remaining balance to be
paid at maturity.
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Debt amortization period |
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20 years
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Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 250,000
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Payments to Acquire Land |
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$ 5,500,000
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$ 4,000,000.0
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Debt maturity date, description |
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due
on May 1, 2020
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May
2019
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Amortization |
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$ 16,396
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Payments to Acquire Businesses, Gross |
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$ 1,500,000
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Due from Related Parties |
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$ 2,350,000
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$ 2,350,000
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Purchase value of aircraft |
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$ 2,800,000
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Payments to Acquire Productive Assets |
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554,000
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Remaining amount to be paid for purchase of aircraft |
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$ 2,200,000
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Subsequent Event [Member] |
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Debt Instrument [Line Items] |
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Debt Instrument, Face Amount |
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$ 1,690,000
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Debt maturity date, description |
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extended
to November 2021
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Minimum [Member] |
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Debt Instrument [Line Items] |
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Debt instrument, term |
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1 year
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Debt interest rate |
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6.00%
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Maximum [Member] |
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Debt Instrument [Line Items] |
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Debt instrument, term |
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20 years
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Debt interest rate |
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9.00%
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Fiscal 2018 [Member] |
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Debt Instrument [Line Items] |
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Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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2,900,000
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Fiscal 2020 [Member] |
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Debt Instrument [Line Items] |
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Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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19,400,000
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Fiscal 2021 [Member] |
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Debt Instrument [Line Items] |
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Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
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$ 5,300,000
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November One Twenty Twenty [Member] |
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Debt Instrument [Line Items] |
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Notes Payable |
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$ 2,040,000
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Debt Instrument, Face Amount |
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1,940,000
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Short-term Debt [Member] |
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|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Member] | October 1, 2022 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Officer Employee [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000
|
|
|
Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 59,869
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.99%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan extended description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 2033
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of Notes Payable |
|
300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
12 years
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
$ 11,138
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
5.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, description |
|
|
|
|
|
|
|
|
|
|
|
|
The 10-year note payable has an initial interest rate
of 5.95% until after five years when the interest rate is adjusted to the U.S. Treasury rate plus 3.5%, with a 5.95% floor.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt amortization period |
|
|
|
|
|
|
|
|
|
|
|
20 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of Debt Issuance Costs |
|
|
|
|
|
|
|
|
|
|
|
|
$ 40,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Land |
|
|
|
|
|
|
|
|
|
|
|
$ 960,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
|
|
|
$ 2,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,550,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from related party debt |
|
|
|
|
|
|
|
|
|
|
$ 5,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes Payable |
|
|
|
|
|
|
|
|
|
$ 1,350,000
|
$ 500,000
|
|
|
|
$ 4,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000,000.0
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
$ 17,101
|
|
|
|
|
$ 40,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
9.00%
|
12.00%
|
|
|
|
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lender And Affiliates [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Notes Payable |
|
$ 200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Settlement Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payment of settlement amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 687,815
|
|
|
|
|
|
|
|
|
|
|
Litigation Settlement, Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 195,815
|
|
|
|
|
|
|
|
|
|
|
Number of monthly installment | Integer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60
|
|
|
|
|
|
|
|
|
|
|
Settlement amount net of interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,200
|
|
|
|
|
|
|
|
|
|
|
[custom:PatronTaxRatePerCustomer] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
|
|
|
|
|
|
|
|
|
Real Estate Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,500,000
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.50%
|
|
|
|
|
|
|
|
Second Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 390,000
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 78,098
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Patron tax rate per customer |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.60%
|
|
|
|
|
|
|
|
|
|
|
Loan from bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed interest maturity description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
until
July 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate, effective percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%
|
5.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt amortization period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.45%
|
5.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12% Unsecured Promissory Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Issuance of Unsecured Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 01, 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unsecured Promissory Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
$ 17,101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
9.00%
|
|
|
|
|
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount refinanced through debt |
|
|
|
|
|
|
|
|
|
$ 500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Amount |
|
|
|
|
|
|
|
|
|
$ 1,350,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Two Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from related party debt |
|
|
|
|
|
|
|
|
300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Two Notes [Member] | Investors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount refinanced through debt |
|
|
|
|
|
|
|
|
$ 400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt maturity date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oct. 01, 2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 2017 Refinancing Loan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan from bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 81,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The December 2017 Refinancing
Loan fully refinanced 20 of the Company’s notes payable and partially paid down 1 note payable (collectively, “Repaid
Notes”) with interest rates ranging from 5% to 12% covering 43 parcels of real properties the Company previously acquired
(“Properties”).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 2017 Refinancing Loan [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 2017 Refinancing Loan [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.00%
|
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 442,058
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan from bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 62,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed interest maturity description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
first five years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt amortization period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Escrow Deposit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,600,000
|
$ 4,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 100,062
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan from bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 8,100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed interest maturity description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
until August 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate, effective percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%
|
5.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt amortization period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.95%
|
5.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repaid Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Write off of Deferred Debt Issuance Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 279,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Costs of Litigation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
612,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments of Debt Issuance Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
764,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prepayment penalties paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 543,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Old Aircraft's Note Payable [Member] | Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
72 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 53,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Debt interest rate |
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5.95%
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Debt instrument, description |
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The new note has an initial interest rate of 5.95%,subject to a repricing after 72 months to prime plus 1% with a 5.9% floor. The note is payable $53,084 per month, including interest, for 72 months, then adjusted based on repriced interest rate until its August 2039 maturity.
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Debt maturity date, description |
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August 2039
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New Note [Member] | Maximum [Member] |
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Debt Instrument [Line Items] |
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Amount refinanced through debt |
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$ 7,400,000
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Construction Loan Payable [Member] |
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Debt Instrument [Line Items] |
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Debt maturity date |
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Aug. 20, 2029
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Loan from bank |
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$ 4,700,000
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Debt instrument, description |
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During the first 18 months of the construction loan, the Company will make monthly interest-only payments, and after such, monthly payments
of principal and interest will be made based on a 20-year amortization with the remaining balance to be paid at maturity
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Debt amortization period |
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20 years
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12% Unsecured Promissory Notes [Member] |
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Debt Instrument [Line Items] |
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Debt interest rate |
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12.00%
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12.00%
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Debt maturity date |
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Nov. 01, 2021
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Debt Instrument, Face Amount |
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$ 2,350,000
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$ 2,350,000
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Due from Related Parties |
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2,350,000
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2,350,000
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Proceeds from related party debt |
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500,000
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Note One [Member] |
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Debt Instrument [Line Items] |
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Debt Instrument, Face Amount |
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450,000
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450,000
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Note exchange amount |
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300,000
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300,000
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Note Two [Member] |
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Debt Instrument [Line Items] |
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Debt Instrument, Face Amount |
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200,000
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200,000
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Note exchange amount |
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100,000
|
100,000
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Twelve Pecentage Unsecured Promissory Notes Two [Member] |
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Debt Instrument [Line Items] |
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Proceeds from related party debt |
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100,000
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Seller One Notes Payable [Member] |
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Debt Instrument [Line Items] |
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Notes Payable |
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$ 2,000,000.0
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Debt instrument, term |
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2 years
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Debt interest rate |
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7.00%
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Debt maturity date, description |
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extended to February 2021
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Seller Two Notes Payable [Member] |
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Debt Instrument [Line Items] |
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Notes Payable |
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$ 5,500,000
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|
Debt instrument, term |
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10 years
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|
Debt interest rate |
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8.00%
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|
5.49% Promissory Note [Member] |
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|
Debt Instrument [Line Items] |
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|
Debt Instrument, Payment Terms |
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|
promissory
note payable in 20 years with monthly payments
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|
Debt, monthly payment including interest |
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|
$ 15,118
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|
Debt interest rate |
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|
5.49%
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|
One-Year Bank Note [Member] |
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|
Debt Instrument [Line Items] |
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|
Debt, monthly payment including interest |
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|
$ 29,571
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|
Debt interest rate |
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|
6.10%
|
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|
Debt Instrument, Face Amount |
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|
$ 1,500,000
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|
Debt instrument, description |
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|
The new construction loan, which has a maximum availability of $4.1 million, matures in 252 months from closing date and is payable interest-only for the first 12 months, then principal and interest of $29,571
monthly for the next 48 months, and the remaining term monthly payments of principal and interest based on the adjusted interest rate.
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|
|
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|
|
Payments of Debt Issuance Costs |
|
|
|
|
$ 69,000
|
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|
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|
Debt Issuance Costs, Net |
|
|
|
|
$ 19,600
|
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|
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|
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|
|
One-Year Bank Note [Member] | Construction Loan [Member] |
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|
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|
Debt Instrument [Line Items] |
|
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|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
One-Year Bank Note [Member] | Maximum [Member] |
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|
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|
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|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
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|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
|
$ 4,100,000
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ten Year Note Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
$ 4,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ten Year Note Payable [Member] | Private Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
$ 57,388
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt maturity date, description |
|
|
the
Company restructured the note with a private lender by executing a 12% 10-year note payable
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructed Note [Member] | August Twenty Twenty One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
|
$ 4,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructed Note [Member] | October Twenty Twenty One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid |
|
|
3,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Refinancing Loan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
74,515
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.00%
|
Debt Instrument, Face Amount |
|
|
$ 5,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 9,900,000
|
Write off of Deferred Debt Issuance Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 25,400
|
|
|
|
|
|
|
Debt maturity date, description |
|
|
by
executing a 12% 10-year note payable
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ten PPP Loans [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, description |
All
of the notices received forgave 100% of each of the ten PPP loans totaling the amount of $4.9
million.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Loans |
$ 4,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prime Plus [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.50%
|
2.00%
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prime Plus [Member] | Bank Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
0.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prime Plus [Member] | New Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prime Plus [Member] | Construction Loan Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S.Treasury Rate [Member] | First Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate, effective percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.50%
|
3.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Floor [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
5.50%
|
5.20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Floor [Member] | Bank Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
3.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Floor [Member] | First Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate, effective percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%
|
5.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Floor [Member] | New Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
5.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate Floor [Member] | Construction Loan Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floor Rate [Member] | Bank Lender [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
5.50%
|
5.95%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floor Rate [Member] | One-Year Bank Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
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6.00%
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|
Prime Rate [Member] | One-Year Bank Note [Member] |
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Debt Instrument [Line Items] |
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|
Debt interest rate |
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|
0.50%
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Silver City [Member] |
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Debt Instrument [Line Items] |
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Notes Payable |
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$ 1,500,000
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Debt Instrument, Payment Terms |
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The notes are payable over eleven years at $12,256 per month including interest and have an adjustable interest rate of 5.5%. The rate adjusts to prime plus 2.5% in the 61st month, not to exceed 9%
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Debt instrument, term |
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11 years
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Debt, monthly payment including interest |
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$ 12,256
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Debt interest rate |
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5.50%
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|
Silver City [Member] | Prime Plus [Member] |
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Debt Instrument [Line Items] |
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Debt interest rate |
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2.50%
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Real Estate Notes [Member] |
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|
Debt Instrument [Line Items] |
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Debt instrument, term |
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11 years
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Debt, monthly payment including interest |
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|
$ 53,110
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|
Scarlett's Acquisition [Member] |
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|
Debt Instrument [Line Items] |
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Notes Payable |
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|
$ 5,000,000.0
|
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|
$ 3,000,000.0
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|
Debt Instrument, Payment Terms |
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|
extending the maturity date to October 1, 2022.
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|
Scarlett's Acquisition [Member] | Promissory Note One [Member] |
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|
Debt Instrument [Line Items] |
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|
Debt interest rate |
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|
5.00%
|
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|
Proceeds from Short-term Debt |
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|
$ 5,000,000.0
|
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|
Scarlett's Acquisition [Member] | Promissory Note Two [Member] |
|
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|
Debt Instrument [Line Items] |
|
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|
Debt instrument, term |
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|
|
|
|
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|
12 years
|
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|
|
|
|
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|
|
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|
Debt, monthly payment including interest |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
$ 168,343
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Debt interest rate |
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|
8.00%
|
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|
Proceeds from Short-term Debt |
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|
$ 15,600,000
|
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|
Short-term Debt [Member] |
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|
Debt Instrument [Line Items] |
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|
Debt interest rate |
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|
8.00%
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|
Kappa, Illinois [Member] |
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|
Debt Instrument [Line Items] |
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|
Debt instrument, term |
|
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|
3 years
|
|
|
|
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|
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|
|
|
|
|
|
|
Debt, monthly payment including interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 20,276
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Debt interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
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|
8.00%
|
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|
Payments to Acquire Businesses, Gross |
|
|
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|
|
|
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|
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|
|
|
|
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|
$ 1,500,000
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
Debt amortization period, description |
|
|
|
|
|
|
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|
|
|
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|
five
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|
Kappa, Illinois [Member] | Seller Note [Member] |
|
|
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|
|
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|
|
|
|
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|
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|
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|
|
|
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|
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|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
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|
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|
|
Payments to Acquire Businesses, Gross |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,000,000.0
|
|
|
|
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|
|
|
|
|
|
|
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|
|
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|
|
Chicago Club [Member] | Seller Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes Payable |
|
|
|
|
|
|
|
$ 4,500,000
|
$ 4,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, term |
|
|
|
|
|
|
|
|
6 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt interest rate |
|
|
|
|
|
|
|
7.00%
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|