Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 02, 2018 | |
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 | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 2,610,568 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Current assets | ||
Cash and equivalents | $ 262,360 | $ 708,382 |
Prepaid insurance and other assets | 45,888 | 38,191 |
Total current assets | 308,248 | 746,573 |
Other assets | ||
Equipment & furnishings, net | 19,384 | 21,808 |
Total other assets | 19,384 | 21,808 |
Total assets | 327,632 | 768,381 |
Current liabilities | ||
Accounts payable and accrued expenses | 43,057 | 66,319 |
Accrued dividends | 27,361 | 27,361 |
Loan payable - insurance financing | 45,669 | 33,191 |
Total current liabilities | 116,087 | 126,871 |
Total liabilities | 116,087 | 126,871 |
Stockholders' equity (deficit) | ||
Series A Preferred stock, $0.01 par value, 20,000 shares authorized, 500 issued at September 30, 2018 and December 31, 2017 | 5 | 5 |
Common stock, $0.01 par value, 50,000,000 shares authorized, 2,610,568 issued at September 30, 2018 and December 31, 2017 | 26,105 | 26,105 |
Additional paid-in capital | 111,861,799 | 111,861,799 |
Accumulated deficit | (111,676,364) | (111,246,399) |
Total stockholders' equity (deficit) | 211,545 | 641,510 |
Total liabilities and stockholders' equity (deficit) | $ 327,632 | $ 768,381 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
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 | 500 |
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, shares issued (in shares) | 2,610,568 | 2,610,568 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
General & administrative expenses | $ 133,399 | $ 261,461 | $ 428,941 | $ 368,331 |
Loss from operations | (133,399) | (261,461) | (428,941) | (368,331) |
Interest expense | (256) | (1,230) | (1,024) | (16,618) |
Net loss | (133,655) | (262,691) | (429,965) | (384,949) |
Dividends for the benefit of preferred stockholders: | ||||
Preferred stock dividends | (1,250) | (1,250) | (3,750) | (3,750) |
Deemed dividends on preferred stock conversion | (148,125) | |||
Net loss attributable to common stockholders | $ (134,905) | $ (263,941) | $ (433,715) | $ (536,824) |
Basic and diluted average number of common shares outstanding: (in shares) | 2,610,568 | 1,438,206 | 2,610,568 | 1,185,284 |
Net loss per common share basic and diluted (in dollars per share) | $ (0.05) | $ (0.18) | $ (0.17) | $ (0.45) |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows used in operating activities: | ||
Net loss | $ (429,965) | $ (384,949) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 2,424 | |
Note assumed by related party | (277,756) | |
Changes in assets and liabilities: | ||
Increase/(Decrease) in prepaid expenses and other assets | 37,972 | 31,703 |
Decrease/(Increase) in accounts payable and accrued expenses | (23,262) | 110,577 |
Net cash used in operating activities | (412,831) | (520,425) |
Cash flows provided by investing activities: | ||
Acquisition of equipment and furnishings | (22,716) | |
Decrease in property deposits | 85,000 | |
Net cash provided by investing activities | 62,284 | |
Cash flows provided by financing activities: | ||
Payment of demand loan & accrued interest - related party | (363,208) | |
Proceeds on demand loan - related party | 169,138 | |
Payment of note payable - insurance financing | (33,191) | |
Proceeds from common stock subscribed, net of expenses | 1,803,665 | |
Net cash (used in) provided by financing activities | (33,191) | 1,609,595 |
Net increase (decrease) in cash | (446,022) | 1,151,454 |
Cash at beginning of period | 708,382 | 450 |
Cash at end of period | 262,360 | 1,151,904 |
Supplemental disclosure of cash flow information: | ||
Interest | 1,024 | 16,618 |
Franchise taxes | 5,650 | |
Non cash financing activities: | ||
Financed insurance | 45,669 | |
Deemed dividend on preferred stock conversion | 148,125 | |
Issuance of common shares | $ 888,774 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 9 Months Ended |
Sep. 30, 2018 | |
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, 1987 2010, 2009 2012, 2016, In April 2017, 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, 2018 | |
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 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 - Immaterial Error Corre
Note 3 - Immaterial Error Correction | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Accounting Changes and Error Corrections [Text Block] | Note 3. The Company has corrected an immaterial error in its previously filed Form 10 September 30, 2017. $148,125 three September 30, 2017 0.10 three September 30, 2017 June 30, 2017 September 30, 2017 ( 7 |
Note 4 - Liquidity and Profitab
Note 4 - Liquidity and Profitability | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | Note 4 . Liquidity and Profitability The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Accordingly, the consolidated financial statements do not 10 twelve During 2017 $1,940,005. September 30, 2018, $262,000 $192,000. We have undertaken, and will continue to implement, various measures to address our financial condition, including: ● Curtailing costs and consolidating operations, where feasible. ● Seeking debt, equity and other forms of financing, including funding through strategic partnerships. ● Reducing operations to conserve cash. ● Investigating and pursuing transactions with third ● Adding board member and senior advisor with extensive real estate experience. The Company management believes that these measures, coupled with cash on hand and a line of credit from a related party will be adequate to fund its limited overhead and other cash requirements for the next twelve no |
Note 5 - Summary of Significant
Note 5 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 5 . Summary of Significant Accounting Policies UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION The unaudited interim condensed consolidated financial statements of the Company as of September 30, 2018 three nine September 30, 2018 2017 10 1934, 10 X 1933, In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at September 30, 2018 three nine September 30, 2018 2017. 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 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, 2018, Income (Loss) Per Common Share The Company computes net income (loss) per common share in accordance with the provision included in Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 260, 260, not Income Taxes The Company accounts for our income taxes using FASB ASC Topic 740, Income Taxes The Company follows the provisions regarding Accounting for Uncertainty in Income Taxes, not not 50 no no may three not twelve 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 holder of Series A Cumulative Preferred Stock (“Preferred Stock”) are 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 not |
Note 6 - Equipment and Furnishi
Note 6 - Equipment and Furnishings | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 6 . Equipment and Furnishings The amount of equipment and furnishings are as follows: Description September 30, 2018 December 31, 2017 Office equipment and furnishings $ 21,829 $ 21,829 Computer equipment 787 787 Total 22,616 22,616 Less accumulated depreciation (3,232 ) (808 ) Equipment and furnishings, net $ 19,384 $ 21,808 Depreciation expense related to equipment and furnishings amounted to $808 $2,424 three nine September 30, 2018. |
Note 7 - Preferred Stock and Co
Note 7 - Preferred Stock and Common Stock | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 7 . Preferred Stock and Common Stock Stock Split In April 2017, 1 10 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 December 31, 2017, $1,940,005 $1.50 “2017 4 2 1933 not 506 2017 1,293,334 2017 2,500 Preferred Stock Exchange In April 2017, December 31, 2016. 20 0.2 9,875 $301,656 257,831 third 2017. June 30, 2017. $148,125. Subsequent to the reverse stock split, the private placement and the preferred stock exchange, there are 2,610,568 1,059,581 1,293,156 257,831 Preferred Stock Dividends The holder of Preferred Stock are entitled to receive cumulative, non-compounded cash dividends on each outstanding share of Preferred Stock at the rate of 10.0% January 1, 2010. not Substantially all the 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 September 30, 2018 December 31, 2017. $8,750 September 30, 2018 not Common Stock As of September 30, 2018, 838,060 32.10% 838,060 91,348 351,966 |
Note 8 - Earnings (Loss) Per Sh
Note 8 - Earnings (Loss) Per Share | 9 Months Ended |
Sep. 30, 2018 | |
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, 2018 2017, |
Note 9 - Stock-based Compensati
Note 9 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 9 . Stock-Based Compensation On August 23, 2017, 60,000 not On June 11, 2018, 10,000 not The Company previously had stock option agreements with its directors and officers. Details of options activity is as follows: Number of Shares Weighted Average Exercise Price per Share Weighted Average Fair Value at Grant Date Weighted Average Remaining Contractual Life Intrinsic Value Balance December 31, 2016 - $ - - - - Options granted 60,000 8.00 - - - Options exercised - - - - - Options expired - - - - - Balance December 31, 2017 60,000 $ 8.00 $ - - $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance March 31, 2018 60,000 $ 8.00 $ - - $ - Options granted 10,000 6.00 - - - Options exercised - - - - - Options expired - - - - - Balance June 30, 2018 70,000 $ 7.71 $ - - $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance September 30, 2018 70,000 $ 7.71 $ - 4.11 $ - 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 70,000 not |
Note 10 - Related Party Relatio
Note 10 - Related Party Relations and Transactions | 9 Months Ended |
Sep. 30, 2018 | |
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, first March 9, 2017, $277,756 $277,756 $110,000 December 31, 2016 $117,756 2016 2017 June 30, 2017, $7,270 On July 27, 2016, $250,000. 10% December 31, 2016 $471,826. 10% may May 31, 2017. On September 13, 2018, September 1, 2018. $5,000 June 8, 2017 $125,000 $93,025 nine September 30, 2018 2017, $35,000 $45,000 three September 30, 2018 2017, During 2018 $125,078 $13,211 nine three September 30, 2018. The Company’s directors have not 2018 2017 9 third 2017, third 2017, 15,000 45,000 not As of September 30, 2018, 838,060 32.10% 838,060 91,348 351,966 Paul Dennis, director and previously interim president, interim chief executive officer and interim chief financial officer, participated in the 2017 $150,000 100,000 |
Note 11 - Subsequent Events
Note 11 - Subsequent Events | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 11 . Subsequent Events The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the financial statements were issued for potential recognition or disclosure. The Company did not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
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 |
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, 2018, |
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 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 our income taxes using FASB ASC Topic 740, Income Taxes The Company follows the provisions regarding Accounting for Uncertainty in Income Taxes, not not 50 no no may three not twelve |
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 holder of Series A Cumulative Preferred Stock (“Preferred Stock”) are 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 not |
Note 6 - Equipment and Furnis_2
Note 6 - Equipment and Furnishings (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Description September 30, 2018 December 31, 2017 Office equipment and furnishings $ 21,829 $ 21,829 Computer equipment 787 787 Total 22,616 22,616 Less accumulated depreciation (3,232 ) (808 ) Equipment and furnishings, net $ 19,384 $ 21,808 |
Note 9 - Stock-based Compensa_2
Note 9 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 Intrinsic Value Balance December 31, 2016 - $ - - - - Options granted 60,000 8.00 - - - Options exercised - - - - - Options expired - - - - - Balance December 31, 2017 60,000 $ 8.00 $ - - $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance March 31, 2018 60,000 $ 8.00 $ - - $ - Options granted 10,000 6.00 - - - Options exercised - - - - - Options expired - - - - - Balance June 30, 2018 70,000 $ 7.71 $ - - $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance September 30, 2018 70,000 $ 7.71 $ - 4.11 $ - |
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 - Immaterial Error Cor_2
Note 3 - Immaterial Error Correction (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net Income (Loss) Available to Common Stockholders, Basic, Total | $ (134,905) | $ (263,941) | $ (433,715) | $ (536,824) |
Earnings Per Share, Basic and Diluted, Total | $ (0.05) | $ (0.18) | $ (0.17) | $ (0.45) |
Restatement Adjustment [Member] | Deemed Dividend on Preferred Stock [Member] | ||||
Net Income (Loss) Available to Common Stockholders, Basic, Total | $ (148,125) | |||
Earnings Per Share, Basic and Diluted, Total | $ 0.10 |
Note 4 - Liquidity and Profit_2
Note 4 - Liquidity and Profitability (Details Textual) - USD ($) | 11 Months Ended | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2017 | Sep. 30, 2018 | |
Proceeds from Issuance of Private Placement | $ 1,940,005 | $ 1,940,005 | |
Cash, Ending Balance | $ 262,000 | ||
Net Working Capital | $ 192,000 |
Note 5 - Summary of Significa_2
Note 5 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Percentage Of Income Tax Examination Likelihood Of Tax Benefits Being Realized Upon Settlement | 50.00% | |
Unrecognized Tax Benefits, Ending Balance | $ 0 | |
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 6 - Equipment and Furnis_3
Note 6 - Equipment and Furnishings (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | |
Depreciation, Total | $ 808 | $ 2,424 |
Note 6 - Equipment and Furnis_4
Note 6 - Equipment and Furnishings - Equipment and Furnishings (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Equipment and furnishings, gross | $ 22,616 | $ 22,616 |
Less accumulated depreciation | (3,232) | (808) |
Equipment and furnishings, net | 19,384 | 21,808 |
Office Equipment [Member] | ||
Equipment and furnishings, gross | 21,829 | 21,829 |
Computer Equipment [Member] | ||
Equipment and furnishings, gross | $ 787 | $ 787 |
Note 7 - Preferred Stock and _2
Note 7 - Preferred Stock and Common Stock (Details Textual) | Jun. 20, 2017 | Feb. 29, 2016USD ($)shares | Sep. 30, 2018USD ($)shares | Sep. 30, 2017USD ($)shares | Sep. 30, 2018USD ($)shares | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2017USD ($)$ / sharesshares | Apr. 30, 2017USD ($)shares |
Proceeds from Issuance of Private Placement | $ | $ 1,940,005 | $ 1,940,005 | |||||||
Convertible Preferred Stock Converted to Other Securities | $ | $ 148,125 | ||||||||
Common Stock, Shares, Issued, Total | 2,610,568 | 2,610,568 | 2,610,568 | 2,610,568 | |||||
Preferred Stock, Dividend Rate, Percentage | 10.00% | ||||||||
Preferred Stock, Amount of Preferred Dividends in Arrears | $ | $ 27,361 | $ 27,361 | |||||||
Preferred Stock, Amount of Preferred Dividends Undeclared and Unaccrued | $ | $ 8,750 | $ 8,750 | |||||||
Board of Directors, Officers, and Officers of Subsidiary [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 838,060 | 838,060 | |||||||
Percentage of Outstanding of Common Stock | 32.10% | ||||||||
Banyan Rail Holdings LLC [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 91,348 | 91,348 | |||||||
Marino Family Holdings LLC [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 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 | ||||||||
Shares Issued for Each Dollar of Preferred Dividend | 0.2 | ||||||||
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, Total | $ | $ 29,249 | ||||||||
Shares After Reverse Stock Split [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 1,059,581 | 1,059,581 | |||||||
Share From Private Placement [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 1,293,156 | 1,293,156 | |||||||
Shares From Preferred Stock and Preferred Dividend Exchange [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 257,831 | 257,831 | |||||||
Private Placement [Member] | |||||||||
Shares Issued, Price Per Share | $ / shares | $ 1.50 | $ 1.50 | |||||||
Stock Issued During Period, Shares, New Issues | 1,293,334 | 2,500 | |||||||
Reverse Stock Split [Member] | |||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 10 |
Note 8 - Earnings (Loss) Per _2
Note 8 - Earnings (Loss) Per Share (Details Textual) - shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 500 | 10,375 |
Note 9 - Stock-based Compensa_3
Note 9 - Stock-based Compensation (Details Textual) - shares | Jun. 11, 2018 | Aug. 23, 2017 | Sep. 30, 2018 | Jun. 11, 2018 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 10,000 | 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 | 70,000 |
Note 9 - Stock-based Compensa_4
Note 9 - Stock-based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Balance, number of shares (in shares) | 70,000 | 60,000 | 60,000 | ||
Balance, weighted average exercise price per share (in dollars per share) | $ 7.71 | $ 8 | $ 8 | ||
Balance, weighted average fair value at grant date (in dollars per share) | $ 0 | $ 0 | |||
Balance, weighted average remaining contractual life (Year) | 4 years 40 days | ||||
Balance, intrinsic value | $ 0 | $ 0 | |||
Options granted, number of shares (in shares) | 10,000 | 60,000 | |||
Options granted, weighted average exercise price per share (in dollars per share) | $ 6 | $ 8 | |||
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 | ||||
Options expired, weighted average exercise price per share (in dollars per share) | $ 0 | ||||
Options expired, intrinsic value | $ 0 | $ 0 | |||
Options granted, weighted average remaining contractual life (Year) | |||||
Balance, number of shares (in shares) | 70,000 | 70,000 | 60,000 | 60,000 | |
Balance, weighted average exercise price per share (in dollars per share) | $ 7.71 | $ 7.71 | $ 8 | $ 8 | |
Balance, intrinsic value | $ 0 | $ 0 |
Note 10 - Related Party Relat_2
Note 10 - Related Party Relations and Transactions (Details Textual) - USD ($) | Sep. 13, 2018 | Jun. 11, 2018 | Aug. 23, 2017 | Mar. 09, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Jul. 27, 2016 |
Deposits Assets, Current | $ 110,000 | ||||||||||||
General and Administrative Expense (Reversal) | $ 133,399 | $ 261,461 | $ 428,941 | $ 368,331 | |||||||||
Monthly Costs for Overhead Items | $ 5,000 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 10,000 | 60,000 | |||||||||||
Proceeds from Issuance of Private Placement | $ 1,940,005 | $ 1,940,005 | |||||||||||
Private Placement [Member] | |||||||||||||
Stock Issued During Period, Shares, New Issues | 1,293,334 | 2,500 | |||||||||||
Patriot Equity LLC [Member] | Banyan Medical Partners LLC [Member] | |||||||||||||
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates, Total | $ 277,756 | ||||||||||||
Gain (Loss) on Disposition of Business | $ 117,756 | ||||||||||||
General and Administrative Expense (Reversal) | $ (7,270) | ||||||||||||
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 | ||||||||||||
Related Party Transaction, Expenses from Transactions with Related Party | 35,000 | $ 45,000 | 125,000 | $ 93,025 | |||||||||
International Rail Partners LLC [Member] | Billed Amount for Compensation and Expenses [Member] | |||||||||||||
Related Party Transaction, Amounts of Transaction | $ 13,211 | $ 125,078 | |||||||||||
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 | ||||||||||||
Board of Directors, Officers, and Officers of Subsidiary [Member] | |||||||||||||
Common Stock, Shares, Outstanding, Ending Balance | 838,060 | 838,060 | |||||||||||
Percentage of Outstanding of Common Stock | 32.10% | ||||||||||||
Banyan Rail Holdings LLC [Member] | |||||||||||||
Common Stock, Shares, Outstanding, Ending Balance | 91,348 | 91,348 | |||||||||||
Marino Family Holdings LLC [Member] | |||||||||||||
Common Stock, Shares, Outstanding, Ending Balance | 351,966 | 351,966 | |||||||||||
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% | |||||||||||
Chief Executive Officer [Member] | Banyan Medical Partners LLC [Member] | Patriot Equity LLC [Member] | |||||||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 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% |