SCI Engineered Materials (SCIA) 10-Q 2 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document Information [Line Items]
Entity Registrant Name	SCI Engineered Materials, Inc.
Entity Central Index Key	830,616
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SCIA
Entity Common Stock, Shares Outstanding		4,002,270
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash	$ 1,105,351	$ 1,011,956
Accounts receivable, less allowance for doubtful accounts of $26,000 and $15,000, respectively	346,351	468,352
Inventories	1,151,302	1,678,609
Prepaid expenses	87,390	89,467
Total current assets	2,690,394	3,248,384
Property and Equipment, at cost
Machinery and equipment	7,505,799	7,478,909
Furniture and fixtures	140,265	139,110
Leasehold improvements	329,904	326,745
Construction in progress	695	1,815
Property, Plant and Equipment, Gross	7,976,663	7,946,579
Less accumulated depreciation	(5,531,682)	(5,205,675)
Property, Plant and Equipment, Net	2,444,981	2,740,904
Other Assets
Deposits	16,487	18,532
Deferred financing fees	12,585	19,665
Intangibles	34,936	9,229
Total other assets	64,008	47,426
TOTAL ASSETS	5,199,383	6,036,714
Current Liabilities
Capital lease obligations, current portion	132,799	145,896
Notes payable, current portion	216,554	298,209
Accounts payable	301,686	424,539
Customer deposits	720,160	1,281,573
Accrued compensation	100,033	93,392
Accrued expenses and other	136,899	115,126
Total current liabilities	1,608,131	2,358,735
Capital lease obligations, net of current portion	240,667	339,191
Notes payable, net of current portion	448,357	610,568
Total liabilities	$ 2,297,155	$ 3,308,494
Commitments and contingencies
Shareholders' Equity
Convertible preferred stock, Series B, 10% cumulative, nonvoting, no par value, $10 stated value, optional redemption at 103%; optional shareholder conversion 2 shares for 1; 24,152 shares issued and outstanding	$ 460,096	$ 466,134
Common stock, no par value, authorized 15,000,000 shares; 4,001,318 and 3,935,398 shares issued and outstanding, respectively	9,978,868	9,907,990
Additional paid-in capital	2,063,264	1,960,260
Accumulated deficit	(9,600,000)	(9,606,164)
Total shareholders' equity	2,902,228	2,728,220
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 5,199,383	$ 6,036,714

BALANCE SHEETS _Parenthetical_

BALANCE SHEETS [Parenthetical] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts (in dollars)	$ 26,000	$ 15,000
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	4,001,318	3,935,398
Common stock, shares outstanding	4,001,318	3,935,398
Convertible Preferred Stock Series B [Member]
Convertible preferred stock, series B, cumulative percentage of interest	10.00%	10.00%
Convertible preferred stock, stated value (in dollars per share)	$ 10	$ 10
Convertible preferred stock, optional redemption	103.00%	103.00%
Convertible preferred stock, optional shareholder conversion	2:1	2:1
Convertible preferred stock, shares issued	24,152	24,152
Convertible preferred stock, shares outstanding	24,152	24,152

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue	$ 1,464,734	$ 1,744,917	$ 6,421,227	$ 7,435,793
Cost of revenue	1,074,153	1,342,436	4,724,554	5,866,069
Gross profit	390,581	402,481	1,696,673	1,569,724
General and administrative expense	320,030	274,242	979,268	906,984
Research and development expense	136,900	56,619	325,764	214,427
Marketing and sales expense	104,363	119,633	340,639	383,322
(Loss) income from operations	(170,712)	(48,013)	51,002	64,991
Other expense
Interest	(13,561)	(16,365)	(44,140)	(49,689)
Loss on disposal of equipment, net	(204)	(2,454)	(698)	(2,709)
Other expense	(13,765)	(18,819)	(44,838)	(52,398)
(Loss) income before provision for income taxes	(184,477)	(66,832)	6,164	12,593
Income tax benefit (expense)	1,037	0	0	(1,619)
Net (loss) income	(183,440)	(66,832)	6,164	10,974
Dividends on preferred stock	(6,038)	(6,038)	(18,114)	(18,114)
LOSS APPLICABLE TO COMMON SHARES	$ (189,478)	$ (72,870)	$ (11,950)	$ (7,140)
Earnings per share - basic and diluted (Note 6)
Basic (in dollars per share)	$ (0.05)	$ (0.02)	$ 0	$ 0
Diluted (in dollars per share)	$ (0.05)	$ (0.02)	$ 0	$ 0
Weighted average shares outstanding
Basic (in share)	3,993,925	3,866,039	3,971,168	3,861,090
Diluted (in share)	3,993,925	3,866,039	3,971,168	3,861,090

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 6,164	$ 10,974
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and accretion	335,316	390,952
Amortization	1,372	1,372
Stock based compensation	161,456	128,709
Patent impairment	7,857	0
Net loss on disposal of equipment	698	2,709
Inventory reserve	(141,157)	50,831
Allowance for doubtful accounts	11,318	(3,629)
Changes in operating assets and liabilities:
Accounts receivable	110,684	110,354
Inventories	668,464	466,367
Prepaid expenses	2,077	(12,117)
Other assets	4,728	4,193
Accounts payable	(122,853)	(151,985)
Accrued expenses and customer deposits	(538,099)	(252,327)
Net cash provided by operating activities	508,025	746,403
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds on sale of equipment	0	1,750
Purchases of property and equipment	(34,991)	(42,875)
Net cash used in investing activities	(34,991)	(41,125)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on capital lease obligations and notes payable	(355,487)	(281,874)
Payment of cumulative dividends on preferred stock	(24,152)	0
Net cash used in financing activities	(379,639)	(281,874)
NET INCREASE IN CASH	93,395	423,404
CASH - Beginning of period	1,011,956	622,727
CASH - End of period	1,105,351	1,046,131
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	45,443	50,288
Income taxes	0	1,619
SUPPLEMENTAL DISCLOSURES OF NONCASH FINANCING ACTIVITIES
Property and equipment purchased by capital lease	0	396,165
Provisional patent acquired by common stock exchange	30,540	0
Increase in asset retirement obligation	$ 5,100	$ 7,650

Business Organization and Purpo

Business Organization and Purpose	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1. Business Organization and Pur pose SCI Engineered Materials, Inc. (“SCI”, or the “Company”), formerly Superconductive Components, Inc., an Ohio corporation, was incorporated in 1987. The Company operates in one segment as a global supplier and manufacturer of advanced materials for Physical Vapor Deposition (“PVD”) Thin Film Applications. The Company is focused on specific markets within the PVD industry (Photonics, Thin Film Solar, Glass, Thin Film Battery and Transparent Electronics). Substantially all of the Company’s revenues were generated from customers with multi-national operations. Through collaboration with end users and Original Equipment Manufacturers the Company develops innovative customized solutions enabling commercial success.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2. Summary of Significant Accounting Policies The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for fair presentation of the results of operations for the periods presented have been included. The financial statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 31, 2014. Interim results are not necessarily indicative of results for the full year. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Common Stock and Stock Options

Common Stock and Stock Options	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Common Stock and Stock Options Stock Based Compensation - Compensation cost for all stock awards is based on the grant date fair value and recognized over the required service (vesting) period. Non cash stock based compensation expense was $ 56,332 43,473 161,456 128,709 390,777 The non-employee board members received compensation of 35,920 16,500 40,338 18,810 During the second quarter 2015, the Board of Directors approved the acquisition of rights to a provisional patent owned by one of the directors, and any subsequent patents for this technology related to the application of Zinc based Transparent Conductive Oxide in displays, and the value thereof for 30,000 30,540 The cumulative status of options granted and outstanding at September 30, 2015, and December 31, 2014, as well as options which became exercisable in connection with the Company’s stock option plans is summarized as follows: Weighted Average Stock Options Exercise Price Outstanding at January 1, 2014 486,500 $ 5.20 Granted 172,357 0.84 Expired (55,000) 2.78 Outstanding at December 31, 2014 603,857 $ 4.18 Expired (30,000) 2.40 Forfeited (1,000) 3.10 Outstanding at September 30, 2015 572,857 $ 4.27 Options exercisable at December 31, 2014 285,700 $ 5.26 Options exercisable at September 30, 2015 291,150 $ 5.66 Weighted Average Stock Options Exercise Price Outstanding at January 1, 2014 220,000 $ 4.26 Expired (120,000) 5.15 Outstanding at December 31, 2014 100,000 $ 3.20 Expired (60,000) 2.67 Outstanding at September 30, 2015 40,000 $ 4.00 Options exercisable at December 31, 2014 100,000 $ 3.20 Options exercisable at September 30, 2015 40,000 $ 4.00 Exercise prices for options ranged from $ 0.84 6.00 4.26

Preferred Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Preferred Stock [Text Block]	Note 4. Preferred Stock During the second quarter 2015, the Board of Directors authorized a total payment of $ 24,152 10 6,038 18,114 211,330 217,368

Inventories

Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 5. Inventories Inventories consisted of the following: September 30, December 31, 2015 2014 (unaudited) Raw materials $ 248,962 $ 814,307 Work-in-process 864,035 842,760 Finished goods 88,575 212,968 Inventory reserve (50,270) (191,426) $ 1,151,302 $ 1,678,609 During the second quarter of 2015 the Company removed certain slow moving inventory items recognizing a corresponding decrease in its inventory reserve and no net effect on total inventory.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 6. Earnings Per Share Basic income per share is calculated as income applicable to common shareholders divided by the weighted average of common shares outstanding. Diluted earnings per share is calculated as diluted income applicable to common shareholders divided by the diluted weighted average number of common shares. Diluted weighted average number of common shares gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. Diluted earnings per share exclude all diluted potential shares if their effect is anti-dilutive. For the three and nine months ended September 30, 2015 and 2014, all convertible preferred stock and common stock options listed in Note 3 that were out-of-the-money or anti-dilutive were excluded from diluted earnings per share. Three months ended Sept. 30, Nine months ended Sept. 30, 2015 2014 2015 2014 Loss applicable to common shares $ (189,478) $ (72,870) $ (11,950) $ (7,140) Weighted average common shares outstanding - basic 3,993,925 3,866,039 3,971,168 3,861,090 Effect of dilution - - - - Weighted average shares outstanding - diluted 3,993,925 3,866,039 3,971,168 3,861,090

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Notes Payable On August 8, 2013, the Company issued a Promissory Note (the “Note”) in the amount of $ 128,257 August 5, 2016 The Note is collateralized by a blanket lien on all of the Company’s assets including, without limitation, inventory, equipment and accounts receivable. Among other items, the Note provides for the following: - Interest subject to change from time to time based on changes in LIBOR. The interest rate applied to the unpaid principal balance is at a rate of 4 5 - Monthly payments of approximately $ 3,800 The interest rate on the Note was 5 41,386 During 2010, the Company applied and was approved for a 166 Direct Loan to borrow up to $ 744,250 3 0.25 1,656 10,500 71,900 430,808 During 2010, the Company also applied and was approved for a 166 Direct Loan through the Advanced Energy Program with the Ohio Air Quality Development Authority (OAQDA) to borrow up to approximately $ 1.4 368,906 2,121 17,300 3 50,400 192,717 An Intercreditor Agreement exists as part of the above mentioned loans with agencies of the State of Ohio. The OAQDA and ODSA agree to shared lien and security interest through mutual covenants. These covenants include, but are not limited to, the creation of an agreed upon number of jobs, filing of quarterly and annual reports and various financial covenants. The Company expects to maintain compliance with all covenants of these loans through at least September 30, 2016. During 2006, the Company was approved for a 166 Direct Loan from the Ohio Department of Development, now known as the ODSA, in the amount of $ 400,000 3 0.25 400 6,100 42,200

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 8. Income Taxes Following is the income tax benefit (expense) for the three and nine months ended September 30: Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Federal - deferred $ - $ - $ - $ - State and local 1,037 - - (1,619) $ 1,037 $ - $ - $ (1,619) Deferred tax assets and liabilities result from temporary differences in the recognition of income and expense for tax and financial reporting purposes. A full valuation allowance has been recorded against the realizability of the net deferred tax assets at September 30, 2015 and December 31, 2014. The Company has net operating loss carryforwards available for federal and state tax purposes of approximately $4,300,000 which expire in varying amounts through 2034.

Liquidity

Liquidity	9 Months Ended
	Sep. 30, 2015
Liquidity Disclosures [Abstract]
Liquidity Disclosures [Text Block]	Note 9. Liquidity Management has forecasted revenues and related costs as well as investing plans and financing needs to determine liquidity to meet cash flow requirements and believes the Company will have sufficient liquidity at least through September 30, 2016. This forecast was based on current cash levels and debt obligations, and the best estimates of revenues primarily from existing customers and gave consideration to the continued and possible increased levels of uncertainty in demand in the markets in which the Company operates. The Company’s ability to maintain current operations is dependent upon its ability to achieve these forecasted results, which the Company believes will occur.

Common Stock and Stock Options

Common Stock and Stock Options (Tables)	9 Months Ended
	Sep. 30, 2015
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Employee Stock Options Weighted Average Stock Options Exercise Price Outstanding at January 1, 2014 486,500 $ 5.20 Granted 172,357 0.84 Expired (55,000) 2.78 Outstanding at December 31, 2014 603,857 $ 4.18 Expired (30,000) 2.40 Forfeited (1,000) 3.10 Outstanding at September 30, 2015 572,857 $ 4.27 Options exercisable at December 31, 2014 285,700 $ 5.26 Options exercisable at September 30, 2015 291,150 $ 5.66
Non Employee Director Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Non-Employee Director Stock Options Weighted Average Stock Options Exercise Price Outstanding at January 1, 2014 220,000 $ 4.26 Expired (120,000) 5.15 Outstanding at December 31, 2014 100,000 $ 3.20 Expired (60,000) 2.67 Outstanding at September 30, 2015 40,000 $ 4.00 Options exercisable at December 31, 2014 100,000 $ 3.20 Options exercisable at September 30, 2015 40,000 $ 4.00

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following: September 30, December 31, 2015 2014 (unaudited) Raw materials $ 248,962 $ 814,307 Work-in-process 864,035 842,760 Finished goods 88,575 212,968 Inventory reserve (50,270) (191,426) $ 1,151,302 $ 1,678,609

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following is provided to reconcile the earnings per share calculations: Three months ended Sept. 30, Nine months ended Sept. 30, 2015 2014 2015 2014 Loss applicable to common shares $ (189,478) $ (72,870) $ (11,950) $ (7,140) Weighted average common shares outstanding - basic 3,993,925 3,866,039 3,971,168 3,861,090 Effect of dilution - - - - Weighted average shares outstanding - diluted 3,993,925 3,866,039 3,971,168 3,861,090

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Following is the income tax benefit (expense) for the three and nine months ended September 30: Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Federal - deferred $ - $ - $ - $ - State and local 1,037 - - (1,619) $ 1,037 $ - $ - $ (1,619)

Common Stock and Stock Option19

Common Stock and Stock Options (Details) - Employee Stock Options [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options, Outstanding, Beginning Balance	603,857	486,500
Stock Options, Granted		172,357
Stock Options, Expired	(30,000)	(55,000)
Stock Options, Forfeited	(1,000)
Stock Options, Outstanding, Ending Balance	572,857	603,857
Stock Options, Options exercisable	291,150	285,700
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 4.18	$ 5.2
Weighted Average Exercise Price, Granted		0.84
Weighted Average Exercise Price, Expired	2.4	2.78
Weighted Average Exercise Price, Forfeited	3.1
Weighted Average Exercise Price, Outstanding, Ending Balance	4.27	4.18
Weighted Average Exercise Price, Options exercisable	$ 5.66	$ 5.26

Common Stock and Stock Option20

Common Stock and Stock Options (Details 1) - Non Employee Director Stock Options [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options, Outstanding, Beginning Balance	100,000	220,000
Stock Options, Expired	(60,000)	(120,000)
Stock Options, Outstanding, Ending Balance	40,000	100,000
Stock Options, Options exercisable	40,000	100,000
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 3.20	$ 4.26
Weighted Average Exercise Price, Expired	2.67	5.15
Weighted Average Exercise Price, Outstanding, Ending Balance	4	3.20
Weighted Average Exercise Price, Options exercisable	$ 4	$ 3.20

Common Stock and Stock Option21

Common Stock and Stock Options (Details Textual) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit (in dollars per share)				$ 0.84
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit (in dollars per share)				$ 6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				4 years 7 months 6 days
Share-based Compensation, Total	$ 56,332		$ 43,473	$ 161,456	$ 128,709
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 390,777			$ 390,777
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Exercise Price	$ 4.26			$ 4.26
Zinc based Transparent Conductive Oxide
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Acquisitions		30,000
Stock Issued During Period, Value, Acquisitions		$ 30,540
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues (in shares)				35,920	16,500
Stock Issued During Period, Value, New Issues				$ 40,338	$ 18,810

Preferred Stock (Details Textua

Preferred Stock (Details Textual) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Preferred Stock Dividends, Income Statement Impact	$ 6,038		$ 6,038	$ 18,114	$ 18,114
Series B Preferred Stock [Member]
Payments of Dividends		$ 24,152
Preferred Stock, Dividend Rate, Percentage				10.00%
Dividends				$ 211,330		$ 217,368

Inventories (Details)

Inventories (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Inventory [Line Items]
Raw materials	$ 248,962	$ 814,307
Work-in-process	864,035	842,760
Finished goods	88,575	212,968
Inventory reserve	(50,270)	(191,426)
Inventory, Net	$ 1,151,302	$ 1,678,609

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Loss applicable to common shares	$ (189,478)	$ (72,870)	$ (11,950)	$ (7,140)
Weighted average common shares outstanding - basic	3,993,925	3,866,039	3,971,168	3,861,090
Effect of dilution	0	0	0	0
Weighted average shares outstanding - diluted	3,993,925	3,866,039	3,971,168	3,861,090

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	Aug. 08, 2013	Mar. 31, 2014	Jan. 31, 2014	Sep. 30, 2015	Dec. 31, 2010	Dec. 31, 2006	Dec. 31, 2014	Mar. 20, 2012
Promissory Note [Member]
Debt Conversion [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
Debt Instrument, Maturity Date	Aug. 5, 2016
Notes Payable to Bank	$ 128,257
Line of Credit Facility, Amount Outstanding				$ 41,386
Debt Instrument, Interest Rate, Effective Percentage	5.00%			5.00%			5.00%
Line of Credit Facility, Periodic Payment	$ 3,800
Ohio Development Services Agency [Member]
Debt Conversion [Line Items]
Line of Credit Facility, Frequency of Payment and Payment Terms					84 months
Line of Credit Facility, Interest Rate During Period					3.00%
Line of Credit Facility, Amount Outstanding				$ 430,808
Servicing Fee Annual Percent Fee					0.25%
Line of Credit Facility, Periodic Payment				10,500
Line of Credit Facility, Maximum Borrowing Capacity					$ 744,250
Line Of Credit Facility Interest And Servicing Payments			$ 1,656
Ohio Development Services Agency [Member] | Line of Credit [Member]
Debt Conversion [Line Items]
Line of Credit Facility, Final Periodic Payment				71,900
Ohio Air Quality Development Authority [Member]
Debt Conversion [Line Items]
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases					$ 1,400,000			$ 368,906
Line of Credit Facility, Interest Rate During Period					3.00%
Line of Credit Facility, Amount Outstanding				192,717
Line of Credit Facility, Periodic Payment				17,300
Line Of Credit Facility Interest And Servicing Payments		$ 2,121
Ohio Air Quality Development Authority [Member] | Line of Credit [Member]
Debt Conversion [Line Items]
Line of Credit Facility, Final Periodic Payment				50,400
Ohio Department Of Development [Member]
Debt Conversion [Line Items]
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases						$ 400,000
Line of Credit Facility, Frequency of Payment and Payment Terms						84 months
Line of Credit Facility, Interest Rate During Period						3.00%
Servicing Fee Annual Percent Fee						0.25%
Line of Credit Facility, Periodic Payment				6,100
Line Of Credit Facility Interest And Servicing Payments			$ 400
Ohio Department Of Development [Member] | Line of Credit [Member]
Debt Conversion [Line Items]
Line of Credit Facility, Final Periodic Payment				$ 42,200

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Federal - deferred	$ 0	$ 0	$ 0	$ 0
State and local	1,037	0	0	(1,619)
Income Tax Expense (Benefit)	$ 1,037	$ 0	$ 0	$ (1,619)

Income Taxes (Details Textual)

Income Taxes (Details Textual)	9 Months Ended
	Sep. 30, 2015USD ($)
Income Tax Contingency [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	$ 4,300,000
Operating Loss Carry forward Expiration Year	2,034