Subsequent Events

3 Months Ended

Mar. 31, 2017

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 12 – Subsequent Events

The Company has evaluated events and transactions subsequent to March 31, 2017 and through the date these Condensed Consolidated Financial Statements were included in this Form 10-Q and filed with the SEC.

As discussed in Notes 2 and 6, the Company received a waiver of its non-compliance with the fixed charge coverage ratio in the Credit Agreement.

As discussed in Note 7, subsequent to March 31, 2017, the Company made $220,000 of pension plan contributions.

As discussed in Note 8, subsequent to March 31, 2017, the Company declared a semi-annual dividend of $6.00 per share of Preferred Stock aggregating $99,000, which was paid on April 21, 2017.