Broad Street Realty (BRST) 10-Q 20 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 20, 2017
Document Information [Line Items]
Entity Registrant Name	MedAmerica Properties Inc.
Entity Central Index Key	764,897
Trading Symbol	mamp
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		2,610,568
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and equivalents	$ 1,151,904	$ 450
Property deposits	25,000	110,000
Prepaid insurance and other assets		31,703
Total current assets	1,176,904	142,153
Other assets
Equipment & furnishings, net	22,716
Total other assets	22,716
Total assets	1,199,620	142,153
Current liabilities
Accounts payable and accrued expenses	206,521	95,944
Accrued dividends	27,361	329,017
Notes payable to related parties, including accrued interest of $13,208		471,826
Total current liabilities	233,882	896,787
Total liabilities	233,882	896,787
Commitments and contingencies
Stockholders' equity (deficit)
Series A Preferred stock, $0.01 par value, 20,000 shares authorized, 500 and 10,375 issued at September 30, 2017 and December 31, 2016, respectively	5	104
Common stock, $0.01 par value, 50,000,000 shares authorized, 1,907,070 and 1,056,723 issued at September 30, 2017 and December 31, 2016, respectively	19,070	10,567
Additional paid-in capital	110,818,504	109,836,007
Accumulated deficit	(110,915,572)	(110,530,623)
Treasury stock, at cost, for 566 shares		(70,689)
Common stock subscribed	1,043,731
Total stockholders' equity (deficit)	965,738	(754,634)
Total liabilities and stockholders' equity (deficit)	$ 1,199,620	$ 142,153

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Interest Payable, Current		$ 13,208
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	500	10,375
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	1,907,070	1,056,723
Treasury stock, shares (in shares)		566

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
General & administrative expenses	$ 261,461	$ 337,781	$ 368,331	$ 645,514
Loss from operations	(261,461)	(337,781)	(368,331)	(645,514)
Interest expense	(1,230)	(3,603)	(16,618)	(3,603)
Net loss	(262,691)	(341,384)	(384,949)	(649,117)
Dividends for the benefit of preferred stockholders:
Preferred stock dividends	0	(25,945)	0	(77,820)
Deemed dividends on preferred stock conversion	(148,125)	0	(148,125)	0
Net loss attributable to common stockholders	$ (410,816)	$ (367,329)	$ (533,074)	$ (726,937)
Basic and diluted average number of common shares outstanding:
Net loss per common share from continuing operations, basic and diluted (in dollars per share)	$ (0.18)	$ (0.33)	$ (0.32)	$ (0.63)
Net loss attributable to common shareholders per share, basic and diluted (in dollars per share)	$ (0.28)	$ (0.35)	$ (0.45)	$ (0.70)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows used in operating activities:
Net loss	$ (384,949)	$ (649,117)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation expense		165,000
Note assumed by related party	(277,756)
Changes in assets and liabilities:
Decrease in prepaid expenses and other assets	31,703	5,312
Increase in accounts payable and accrued expenses	110,577	36,432
Net cash used in operating activities	(520,425)	(442,373)
Cash flows provided by (used in) investing activities:
Acquisition of equipment and furnishings	(22,716)
Decrease (increase) in property deposits	85,000	(100,000)
Net cash provided by (used in) investing activities	62,284	(100,000)
Cash flows provided by financing activities:
Payment of demand loan & accrued interest - related party	(363,208)
Proceeds on demand loan - related party	169,138	275,000
Proceeds from common stock subscribed, net of expenses	1,803,665
Net cash provided by financing activities	1,609,595	275,000
Net increase (decrease) in cash	1,151,454	(267,373)
Cash at beginning of period	450	327,382
Cash at end of period	1,151,904	60,009
Non cash financing activities:
Preferred stock dividend		77,820
Deemed dividend on preferred stock conversion	148,125
Issuance of common shares in lieu of cash dividends payable		29,249
Issuance of common shares	$ 888,774

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' (Deficit) Equity (Current Period Unaudited) - USD ($)	Common Stock [Member]	Common Stock Subscribed [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Stockholders’ (deficit) equity (in shares) at Dec. 31, 2015	1,031,737		10,375			(70,689)
Stockholders’ (deficit) equity at Dec. 31, 2015	$ 10,318	$ 0	$ 104	$ 109,745,757	$ (109,658,014)	$ 566	$ 27,476
Issuance of common stock (in shares)	2,986
Issuance of common stock	$ 29			29,220			29,249
Stock compensation expense (in shares)	22,000
Stock compensation expense	$ 220			164,780			165,000
Net loss					(872,609)		(872,609)
Preferred stock dividends				(103,750)			(103,750)
Stockholders’ (deficit) equity (in shares) at Dec. 31, 2016	1,056,723		10,375			(70,689)
Stockholders’ (deficit) equity at Dec. 31, 2016	$ 10,567		$ 104	109,836,007	(110,530,623)	$ 566	(754,634)
Issuance of common stock (in shares)	592,336
Issuance of common stock	$ 5,923	(888,774)		754,011			(128,840)
Net loss					(384,949)		(384,949)
Retire treasury stock (in shares)						70,689
Retire treasury stock				(70,689)		$ (566)
Preferred stock and preferred dividends exchange for common stock (in shares)	257,831		(9,875)
Preferred stock and preferred dividends exchange for common stock	$ 2,578		$ (99)	299,177			301,656
Fractional Share Rounding (in shares)	180
Fractional Share Rounding	$ 2			(2)
Common stock subscribed		1,932,505					1,932,505
Stockholders’ (deficit) equity (in shares) at Sep. 30, 2017	1,907,070		500
Stockholders’ (deficit) equity at Sep. 30, 2017	$ 19,070	1,043,731	$ 5	110,818,504	(110,915,572)		965,738
Stockholders’ (deficit) equity at Jun. 30, 2017	$ 158,461		$ 5	111,653,107	(110,652,881)	$ 0	1,158,692
Net loss							(262,691)
Stockholders’ (deficit) equity (in shares) at Sep. 30, 2017	1,907,070		500
Stockholders’ (deficit) equity at Sep. 30, 2017	$ 19,070	$ 1,043,731	$ 5	$ 110,818,504	$ (110,915,572)		$ 965,738

Note 1 - Nature of Operations

Note 1 - Nature of Operations	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Nature of Operations [Text Block]	Note 1. MedAmerica Properties Inc. (the “ Company” or “MedAmerica”) was originally organized under the laws of the Commonwealth of Massachusetts in 1985, . The Company was subsequently reorganized as a Delaware corporation in 1987 2010, 2009 2012, 2013, 12b 2 1934 no 2016, In April 2017, ’s articles of incorporation to ( 1 2 1 10 June 15, 2017, June 20, 2017. 1 10

Note 2 - Principles of Consolid

Note 2 - Principles of Consolidation and Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Basis of Accounting [Text Block]	Note 2. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany account balances and transactions have been eliminated in consolidation. The accompanying Financial Statements give effect to all adjustments necessary to present fairly the financial position and results of operations and cash flows of the Company and its subsidiaries.

Note 3 - Going Concern

Note 3 - Going Concern	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	Note 3. Our previous independent certified public accounting firm issued its report dated March 27, 2017 December 31, 2016 not February 2017 $1.9 6 not The accompanying Financial Statements have been prepared and are presented assuming the Company ’s ability to continue as a going concern and do not $262,691 $341,384 three September 30, 2017 2016, , and a net loss of $384,949 $649,117 nine September 30, 2017 2016, September 30, 2017, $943,021 $754,634 December 31, 2016.

Note 4 - Summary of Significant

Note 4 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 4. Significant Accounting Policies UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION The unaudited interim condensed consolidated financial statements of the Company as of September 30, 2017 three nine September 30, 2017 2016 10 1934, 10 X 1933, In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, consisting o nly of normal recurring adjustments, necessary to present fairly the financial position of the Company at September 30, 2017 three nine September 30, 2017 2016. not Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States ("U.S. GAAP"), requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, equity, revenues and expenses and disclosures of contingent assets and liabilities at the date and period ending of the financial statements. Actual results could differ from those estimates. Cash The Company considers all cash, bank deposits and highly liquid investments with an original maturity of three may . Equipment and Furnishings Equipment and furnishings are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which range from 3 7 . Fair Value of Financial Instruments Recorded financial instruments as of September 30, 2017, Income (Loss) Per Common Share The Company computes net income (loss) per common share in accordance with the provision s included in Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 260, 260, not Income Taxes The Company accounts for income taxes in accordance with ASC 740, fied by ASC 740 10, Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may not” 740. ASC 740 10 etermining that the relevant tax authority would more likely than not not” 50 Retained Earnings Distributions The Company ’s preferred stockholders are entitled to receive payment before any of the common stockholders upon a liquidation of the Company, and we cannot pay dividends on our common stock unless we first Preferred Stock Dividends The holders of Series A Cumulative Preferred Stock (“ Preferred Stock”) shall be entitled to receive cumulative, non-compounded, cash dividends on each outstanding share of Preferred Stock at the rate of 10.0% January 1, 2010. Recently Issued Accounting Pronouncements Management has determined that all recently issued accounting pronouncements will not have a material impact on the Company’s financial statements or do not

Note 5 - Equipment and Furnishi

Note 5 - Equipment and Furnishings	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 5. Equipment and Furnishings The amount of equipment and furnishings as of September 30, 2017, Description Amount Office equipment and furnishings $ 21,929 Computer equipment 787 Total 22,716 Less accumulated depreciation - Equipment and furnishings, net $ 22,716 The above office equipment and furnishings and computer equipment wer e placed in service in October 2017 no September 30, 2017.

Note 6 - Preferred Stock and Co

Note 6 - Preferred Stock and Common Stock	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note 6 . Preferred Stock and Common Stock Stock Split In April 2017, 1 10 (“Stock Split”) of the issued and outstanding shares of common stock of the Company. On June 15, 2017, June 20, 2017. Pursuant to the Stock Split, each outstanding share of the Company ’s common stock was automatically exchanged for one tenth not may not Private Placement From February 10, 2017 September 30, 2017 , the Company accepted subscriptions of $1,932,505 $0.15 $1.50 “2017 . The issuances of common stock were made in reliance on section 4 2 1933 not 506 2017 October 11, 2017, $7,500 2017 September 30, 2017, 592,336 700,820 not September 30, 2017. Preferred Stock Exchange In April 2017, Preferred Stock”) and accumulated preferred dividends outstanding as of December 31, 2016. 20 9,875 $301,656 257,831 , which were issued in the third 2017. June 30, 2017. $148,125. Subsequent to the reverse stock split, the private placement and the preferred stock exchange, there are 1,907,070 September 30, 2017 1,056,723 592,516 257,831 Preferred Stock Dividends The holders of Series A Preferred Stock are entitled to receive cumulative, non-compounded cash dividends on each outstanding share of Series A Preferred Stock at the rate of 10.0% January 1, 2010. not Certain Preferred stockholders had previously agreed to accept common stock in lieu of cash for payment of Preferred Dividends. In February 2016, 29,856 $29,249 $27,361 $329,017 September 30, 2017 December 31, 2016, $3,750 September 30, 2017. Series A Cumulative Preferred Stock Dividends Scheduled and Accumulated: Scheduled / (Exchanged) Accumulated December 31, 2015 $ - $ 254,517 June 30, 2016 $ 22,625 $ 277,142 December 31, 2016 $ 51,875 $ 329,017 March 31, 2017 $ 1,250 $ 330,267 June 30, 2017 $ (300,406 ) $ 29,861 September 30, 2017 $ 1,250 $ 31,111 Common Stock As of September 30, 2017, 828,060 43.42% 828,060 91,348 351,966 On August 8, 2016, mpany issued an aggregate of 22,000 2016. $165,000 September 30, 2016. $7.50 .

Note 7 - Income Taxes

Note 7 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 7 . Income Taxes F or the nine September 30, 2017 2016, zero 34 The Company recorded an operat ing loss for the quarter and nine September 30, 2017, 100% not not

Note 8 - Earnings (Loss) Per Sh

Note 8 - Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 8 . Earnings (Loss) per Share The Company excluded from its diluted earnings per share calculation , 500 10,375 September 30, 2017 December 2016,

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 9 . Stock-Based Compensation On August 23, 2017, the Company issued an aggregate of 60,000 not The Company previously had stock option agreements with its directors and officers. Details of options activity is as follo ws: Number of Shares Weighted Average Exercise Price per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life (in years) Intrinsic Value Balance January 1, 2016 5,000 $ 10.30 $ - 0.5 $ - Options granted - - - - - Options exercised - - - - - Options expired (5,000 ) (10.30 ) - - - Balance, January 1, 2017 - - - - Options granted 60,000 8.00 - 5.00 - Options exercised - - - - - Options expired - - - - - Balance, March 31, 2017 60,000 8.00 $ - 5.00 $ - The fair values of stock options are estimated using the Black-Scholes method, which takes into account variables such as estimated volatility, expected holding period, dividend yield, and the risk-free interest rate. The risk-free interest rate is the five 60,000 not

Note 10 - Related Party Relatio

Note 10 - Related Party Relations and Transactions	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 10 . Related Party Relations and Transactions Gary O. Marino, the Company ’s chairman of the board, is the chairman, president, and chief executive officer of Boca Equity Partners LLC (“BEP”), Patriot Equity LLC (“Patriot”), Banyan Medical Partners LLC (“BMP”), and Banyan Surprise Plaza LLC (“BSP”). Mr. Marino owns 100% 100 During 2016, the United States. The Company was unable to raise the capital needed to consummate the first March 9, 2017, $277,756 $277,756 $110,000 December 31, 2016 $117,756 2016 2017 On July 27, 2016, Note”) with BEP providing for draws of up to $250,000. 10% December 31, 2016 $471,826. 10% may, not may May 31, 2017 . On June 8, 2017, office lease and administrative support agreement (the “Agreement”) with BEP. The Agreement has a month-to-month term commencing on June 1, 2017. $15,000 February 3, 2017 On June 14, 2017, $9,536,582 which is the purchase price of the Medical Office Building. The letter of intent is non-binding, provides for a ninety December 15, 2017. T he Company’s directors have not 2016 nine September 30, 2017 6 9 As of September 30, 2017, ’s board of directors and officers beneficially own 828,060 43.42% 91,348 351,966 . In the third 2017, ny hired a new president and chief executive officer and a new chief financial officer who are husband and wife. Also, in the third 2017, 15,000 45,000 . Paul Dennis , director and former officer participated in the 2017 $150,000 100,000

Note 11 - Quasi-reorganization

Note 11 - Quasi-reorganization	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Quasi-Reorganization [Text Block]	Note 11. In preparing the Company's September 30, 2017 210 June 30, 2017 not not not June 30, 2017 No. 99, No. 250, not 108, June 30, 2017 no June 30, 2017 As Originally Reported Adjustment As Corrected Series A Preferred stock $ 5 $ 0 $ 5 Common stock 158,461 0 158,461 Additional paid-in capital 1,000,226 110,652,881 111,653,107 Accumulated deficit 0 (110,652,881 ) (110,652,881 ) Treasury stock 0 0 0 Total stockholders' equity (deficit) $ 1,158,692 $ 0 $ 1,158,692

Note 12 - Subsequent Events

Note 12 - Subsequent Events	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 12. In October 2017, he Company received an additional $7,500 2017 In October 2017, three AZ and the Company was refunded its $25,000 September 30, 2017

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States ("U.S. GAAP"), requires management to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, equity, revenues and expenses and disclosures of contingent assets and liabilities at the date and period ending of the financial statements. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash The Company considers all cash, bank deposits and highly liquid investments with an original maturity of three may .
Property, Plant and Equipment, Impairment [Policy Text Block]	Equipment and Furnishings Equipment and furnishings are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which range from 3 7 .
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Recorded financial instruments as of September 30, 2017,
Earnings Per Share, Policy [Policy Text Block]	Income (Loss) Per Common Share The Company computes net income (loss) per common share in accordance with the provision s included in Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 260, 260, not
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with ASC 740, fied by ASC 740 10, Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may not” 740. ASC 740 10 etermining that the relevant tax authority would more likely than not not” 50
Policyholders' Dividend [Policy Text Block]	Retained Earnings Distributions The Company ’s preferred stockholders are entitled to receive payment before any of the common stockholders upon a liquidation of the Company, and we cannot pay dividends on our common stock unless we first
Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block]	Preferred Stock Dividends The holders of Series A Cumulative Preferred Stock (“ Preferred Stock”) shall be entitled to receive cumulative, non-compounded, cash dividends on each outstanding share of Preferred Stock at the rate of 10.0% January 1, 2010.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements Management has determined that all recently issued accounting pronouncements will not have a material impact on the Company’s financial statements or do not

Note 5 - Equipment and Furnis20

Note 5 - Equipment and Furnishings (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	Description Amount Office equipment and furnishings $ 21,929 Computer equipment 787 Total 22,716 Less accumulated depreciation - Equipment and furnishings, net $ 22,716

Note 6 - Preferred Stock and 21

Note 6 - Preferred Stock and Common Stock (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Cumulative Preferred Stock Dividends Scheduled and Accumulated [Table Text Block]	Scheduled / (Exchanged) Accumulated December 31, 2015 $ - $ 254,517 June 30, 2016 $ 22,625 $ 277,142 December 31, 2016 $ 51,875 $ 329,017 March 31, 2017 $ 1,250 $ 330,267 June 30, 2017 $ (300,406 ) $ 29,861 September 30, 2017 $ 1,250 $ 31,111

Note 9 - Stock-based Compensa22

Note 9 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Shares Weighted Average Exercise Price per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life (in years) Intrinsic Value Balance January 1, 2016 5,000 $ 10.30 $ - 0.5 $ - Options granted - - - - - Options exercised - - - - - Options expired (5,000 ) (10.30 ) - - - Balance, January 1, 2017 - - - - Options granted 60,000 8.00 - 5.00 - Options exercised - - - - - Options expired - - - - - Balance, March 31, 2017 60,000 8.00 $ - 5.00 $ -

Note 11 - Quasi-reorganization

Note 11 - Quasi-reorganization (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	June 30, 2017 As Originally Reported Adjustment As Corrected Series A Preferred stock $ 5 $ 0 $ 5 Common stock 158,461 0 158,461 Additional paid-in capital 1,000,226 110,652,881 111,653,107 Accumulated deficit 0 (110,652,881 ) (110,652,881 ) Treasury stock 0 0 0 Total stockholders' equity (deficit) $ 1,158,692 $ 0 $ 1,158,692

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	Jun. 20, 2017
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	10

Note 3 - Going Concern (Details

Note 3 - Going Concern (Details Textual) - USD ($)	Oct. 11, 2017	Jul. 20, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Proceeds from Issuance of Private Placement	$ 7,500	$ 1,900,000			$ 1,932,505
Net Income (Loss) Attributable to Parent			$ (262,691)	$ (341,384)		$ (384,949)	$ (649,117)	$ (872,609)
Net Working Capital			$ 943,021		$ 943,021	$ 943,021		$ 754,634

Note 4 - Summary of Significa26

Note 4 - Summary of Significant Accounting Policies (Details Textual)	9 Months Ended
	Sep. 30, 2017
Percentage Of Income Tax Examination Likelihood Of Tax Benefits Being Realized Upon Settlement	50.00%
Preferred Stock, Dividend Rate, Percentage	10.00%
Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years

Note 5 - Equipment and Furnis27

Note 5 - Equipment and Furnishings (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Depreciation	$ 0

Note 5 - Equipment and Furnis28

Note 5 - Equipment and Furnishings - Equipment and Furnishings (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Equipment and furnishings, gross	$ 22,716
Less accumulated depreciation
Equipment and furnishings, net	22,716
Office Equipment [Member]
Equipment and furnishings, gross	21,929
Computer Equipment [Member]
Equipment and furnishings, gross	$ 787

Note 6 - Preferred Stock and 29

Note 6 - Preferred Stock and Common Stock (Details Textual)	Oct. 11, 2017USD ($)	Jul. 20, 2017USD ($)	Jul. 14, 2017shares	Jun. 20, 2017	Aug. 08, 2016shares	Feb. 29, 2016USD ($)shares	Sep. 30, 2017USD ($)$ / sharesshares	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)shares	Jun. 30, 2016USD ($)	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)	Jun. 19, 2017$ / shares	Apr. 30, 2017USD ($)shares
Proceeds from Issuance of Private Placement | $	$ 7,500	$ 1,900,000											$ 1,932,505
Convertible Preferred Stock Converted to Other Securities | $							$ 148,125			$ 0				$ 148,125	$ 0
Common Stock, Shares, Issued							1,907,070				1,056,723		1,907,070	1,907,070		1,056,723
Common Stock, Shares, Outstanding							1,907,070						1,907,070	1,907,070
Preferred Stock, Dividend Rate, Percentage														10.00%
Preferred Stock, Amount of Preferred Dividends in Arrears | $							$ 31,111	$ 29,861	$ 330,267		$ 329,017	$ 277,142		$ 27,361		$ 329,017	$ 254,517
Preferred Stock, Amount of Preferred Dividends Undeclared and Unaccrued | $							$ 3,750						$ 3,750	$ 3,750
Stock Issued During Period, Shares, Share-based Compensation, Gross					22,000
Allocated Share-based Compensation Expense | $															$ 165,000
Share Price | $ / shares							$ 7.50						$ 7.50	$ 7.50
Board of Directors, Officers, and Officers of Subsidiary [Member]
Common Stock, Shares, Outstanding							828,060						828,060	828,060
Percentage of Outstanding of Common Stock														43.42%
Banyan Rail Holdings LLC [Member]
Common Stock, Shares, Outstanding							91,348						91,348	91,348
Marino Family Holdings LLC [Member]
Common Stock, Shares, Outstanding							351,966						351,966	351,966
Series A Preferred Stock Holders [Member]
Stock Issued During Period, Shares, Stock Splits			257,831
Series A Preferred Stock [Member]
Convertible Preferred Stock, Shares Issued upon Conversion																			20
Convertible Preferred Stock, Total Shares Issued upon Conversion																			9,875
Dividends Payable | $																			$ 301,656
Preferred Stock, Dividend Rate, Percentage														10.00%
Common Stock Dividends, Shares						29,856
Dividends, Common Stock | $						$ 29,249
Shares After Reverse Stock Split [Member]
Common Stock, Shares, Outstanding							1,056,723						1,056,723	1,056,723
Share From Private Placement [Member]
Common Stock, Shares, Outstanding							592,516						592,516	592,516
Shares From Preferred Stock and Preferred Dividend Exchange [Member]
Common Stock, Shares, Outstanding							257,831						257,831	257,831
Private Placement [Member]
Shares Issued, Price Per Share | $ / shares							$ 1.50						$ 1.50	$ 1.50				$ 0.15
Stock Issued During Period, Shares, New Issues													592,336
Common Stock, Shares Subscribed but Unissued							700,820						700,820	700,820
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio				10

Note 6 - Preferred Stock and 30

Note 6 - Preferred Stock and Common Stock - Series A Cumulative Preferred Stock Dividends Scheduled and Accumulated (Details) - USD ($)	3 Months Ended			6 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Preferred Stock Dividends Scheduled (Exchanged)	$ 1,250	$ (300,406)	$ 1,250	$ 51,875	$ 22,625
Preferred Stock, Amount of Preferred Dividends Accumulated	$ 31,111	$ 29,861	$ 330,267	$ 329,017	$ 277,142	$ 27,361	$ 329,017	$ 254,517

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	34.00%	34.00%
Valuation Allowance Percentage of Deferred Tax Assets	100.00%
Effective Income Tax Rate Reconciliation, Percent	0.00%	0.00%

Note 8 - Earnings (Loss) Per 32

Note 8 - Earnings (Loss) Per Share (Details Textual) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	500	10,375

Note 9 - Stock-based Compensa33

Note 9 - Stock-based Compensation (Details Textual) - shares	Aug. 23, 2017	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	60,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	60,000

Note 9 - Stock-based Compensa34

Note 9 - Stock-based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance, number of shares (in shares)	0	5,000
Balance, weighted average exercise price per share (in dollars per share)	$ 0	$ 10.30
Balance, weighted average fair value at grant date (in dollars per share)		$ 0	$ 0
Balance, weighted average remaining contractual life (Year)	5 years	0 years	182 days
Balance, intrinsic value	$ 0	$ 0
Options granted, number of shares (in shares)	60,000	0
Options granted, weighted average exercise price per share (in dollars per share)	$ 8	$ 0
Options granted, intrinsic value		$ 0
Options exercised, number of shares (in shares)	0	0
Options exercised, weighted average exercise price per share (in dollars per share)	$ 0	$ 0
Options exercised, intrinsic value	$ 0	$ 0
Options expired, number of shares (in shares)	0	(5,000)
Options expired, weighted average exercise price per share (in dollars per share)	$ 0	$ (10.30)
Options expired, intrinsic value	$ 0	$ 0
Options granted, weighted average remaining contractual life (Year)	5 years
Balance, number of shares (in shares)	60,000	0	5,000
Balance, weighted average exercise price per share (in dollars per share)	$ 8	$ 0	$ 10.30
Balance, intrinsic value		$ 0	$ 0

Note 10 - Related Party Relat35

Note 10 - Related Party Relations and Transactions (Details Textual) - USD ($)	Oct. 11, 2017	Aug. 23, 2017	Jul. 20, 2017	Jun. 08, 2017	Mar. 09, 2017	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2017	Jun. 14, 2017	Dec. 31, 2016	Jul. 27, 2016
Deposits Assets, Current						$ 25,000	$ 25,000	$ 25,000		$ 110,000
Notes Payable, Related Parties, Current										471,826
Common Stock, Shares, Outstanding						1,907,070	1,907,070	1,907,070
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		60,000
Proceeds from Issuance of Private Placement	$ 7,500		$ 1,900,000				$ 1,932,505
Private Placement [Member]
Stock Issued During Period, Shares, New Issues							592,336
Patriot Equity LLC [Member] | Banyan Medical Partners LLC [Member]
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates					$ 277,756
Gain (Loss) on Disposition of Business								$ 117,756
Due to Related Parties, Current									$ 9,536,582
Boca Equity Partners LLC [Member]
Line of Credit Facility, Maximum Borrowing Capacity											$ 250,000
Line of Credit Facility, Interest Rate at Period End											10.00%
Notes Payable, Related Parties, Current										$ 471,826
Monthly Costs for Overhead Items				$ 15,000
Board of Directors, Officers, and Officers of Subsidiary [Member]
Common Stock, Shares, Outstanding						828,060	828,060	828,060
Percentage of Outstanding of Common Stock								43.42%
Banyan Rail Holdings LLC [Member]
Common Stock, Shares, Outstanding						91,348	91,348	91,348
Marino Family Holdings LLC [Member]
Common Stock, Shares, Outstanding						351,966	351,966	351,966
President and CEO [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						15,000
Board Members and Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						45,000
Director and Former Officer [Member]
Proceeds from Issuance of Private Placement								$ 150,000
Director and Former Officer [Member] | Private Placement [Member]
Stock Issued During Period, Shares, New Issues								100,000
Chief Executive Officer [Member] | Patriot Equity LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent						100.00%	100.00%	100.00%
Chief Executive Officer [Member] | Banyan Medical Partners LLC [Member] | Patriot Equity LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent						100.00%	100.00%	100.00%
Chief Executive Officer [Member] | Banyan Surprise Plaza LLC [Member] | Patriot Equity LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent						100.00%	100.00%	100.00%

Note 11 - Quasi-reorganizatio36

Note 11 - Quasi-reorganization - Schedule of Adjustments to Stockholders' Equity (Details) - USD ($)	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Stockholders’ (deficit) equity	$ 965,738	$ 1,158,692	$ (754,634)	$ 27,476
Preferred Stock [Member]
Stockholders’ (deficit) equity	5	5	104	104
Common Stock [Member]
Stockholders’ (deficit) equity	19,070	158,461	10,567	10,318
Additional Paid-in Capital [Member]
Stockholders’ (deficit) equity	110,818,504	111,653,107	109,836,007	109,745,757
Retained Earnings [Member]
Stockholders’ (deficit) equity	(110,915,572)	(110,652,881)	(110,530,623)	(109,658,014)
Treasury Stock [Member]
Stockholders’ (deficit) equity		0	$ 566	$ 566
Scenario, Previously Reported [Member]
Stockholders’ (deficit) equity		1,158,692
Scenario, Previously Reported [Member] | Preferred Stock [Member]
Stockholders’ (deficit) equity		5
Scenario, Previously Reported [Member] | Common Stock [Member]
Stockholders’ (deficit) equity		158,461
Scenario, Previously Reported [Member] | Additional Paid-in Capital [Member]
Stockholders’ (deficit) equity		1,000,226
Scenario, Previously Reported [Member] | Retained Earnings [Member]
Stockholders’ (deficit) equity		0
Scenario, Previously Reported [Member] | Treasury Stock [Member]
Stockholders’ (deficit) equity		0
Restatement Adjustment [Member]
Stockholders’ (deficit) equity		0
Restatement Adjustment [Member] | Preferred Stock [Member]
Stockholders’ (deficit) equity		0
Restatement Adjustment [Member] | Common Stock [Member]
Stockholders’ (deficit) equity		0
Restatement Adjustment [Member] | Additional Paid-in Capital [Member]
Stockholders’ (deficit) equity		110,652,881
Restatement Adjustment [Member] | Retained Earnings [Member]
Stockholders’ (deficit) equity		(110,652,881)
Restatement Adjustment [Member] | Treasury Stock [Member]
Stockholders’ (deficit) equity		$ 0

Note 12 - Subsequent Events (De

Note 12 - Subsequent Events (Details Textual) - USD ($)	Oct. 11, 2017	Jul. 20, 2017	Oct. 31, 2017	Sep. 30, 2017
Proceeds from Issuance of Private Placement	$ 7,500	$ 1,900,000		$ 1,932,505
Subsequent Event [Member]
Proceeds from Issuance of Private Placement			$ 7,500
Decrease in Restricted Cash			$ 25,000