Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 09, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | MedAmerica Properties Inc. | |
Entity Central Index Key | 0000764897 | |
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 | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Balance Sheets (Curre
Condensed Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Current assets | ||
Cash and equivalents | $ 76,474 | $ 139,721 |
Prepaid insurance and other current assets | 23,514 | 33,784 |
Total current assets | 99,988 | 173,505 |
Other assets | ||
Equipment & furnishings, net | 17,768 | 18,576 |
Total other assets | 17,768 | 18,576 |
Total assets | 117,756 | 192,081 |
Current liabilities | ||
Accounts payable and accrued expenses | 150,505 | 92,566 |
Accrued dividends | 27,361 | 27,361 |
Loan payable - insurance financing | 20,684 | 33,184 |
Total current liabilities | 198,550 | 153,111 |
Total liabilities | 198,550 | 153,111 |
Stockholders' equity | ||
Series A Preferred stock, $0.01 par value, 20,000 shares authorized, 500 issued at March 31, 2019 and 2018 | 5 | 5 |
Common stock, $0.01 par value, 50,000,000 shares authorized, 2,610,568 issued at March 31, 2019 and 2018 | 26,105 | 26,105 |
Additional paid-in capital | 111,861,799 | 111,861,799 |
Accumulated deficit | (111,968,703) | (111,848,939) |
Total stockholders' equity | (80,794) | 38,970 |
Total liabilities and stockholders' equity | $ 117,756 | $ 192,081 |
Condensed Balance Sheets (Cur_2
Condensed Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
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 Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
General & administrative expenses | $ 119,271 | $ 208,801 |
Loss from operations | (119,271) | (208,801) |
Interest expense | (493) | (384) |
Net loss | (119,764) | (209,185) |
Dividends for the benefit of preferred stockholders: | ||
Preferred stock dividends | (1,250) | (1,250) |
Net loss attributable to common stockholders | $ (121,014) | $ (210,435) |
Basic and diluted average number of common shares outstanding (in shares) | 2,610,568 | 2,610,568 |
Net loss per common share basic and diluted (in dollars per share) | $ (0.05) | $ (0.08) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows used in operating activities: | ||
Net loss | $ (119,764) | $ (209,185) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 808 | 808 |
Changes in assets and liabilities: | ||
Decrease in prepaid expenses and other assets | 10,269 | 7,500 |
(Decrease)/Increase in accounts payable and accrued expenses | 57,940 | (15,753) |
Net cash used in operating activities | (50,747) | (216,630) |
Cash flows used in financing activities: | ||
Payment of note payable - insurance financing | (12,500) | (12,500) |
Net cash used in financing activities | (12,500) | (12,500) |
Net decrease in cash | (63,247) | (229,130) |
Cash at beginning of period | 139,721 | 708,382 |
Cash at end of period | 76,474 | 479,252 |
Supplemental disclosure of cash flow information: | ||
Interest | 493 | 0 |
Franchise taxes | 5,650 | |
Non cash financing activities: | ||
Prepaid insurance loan financing | $ 20,684 | $ 0 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Equity (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’ equity (in shares) at Dec. 31, 2017 | 2,610,568 | 500 | |||||
Stockholders’ equity at Dec. 31, 2017 | $ 26,105 | $ 5 | $ 111,861,799 | $ (111,246,399) | $ 641,510 | ||
Net loss | (209,185) | ||||||
Stockholders’ (deficit) (in shares) at Mar. 31, 2018 | 2,610,568 | 500 | |||||
Stockholders’ (deficit) at Mar. 31, 2018 | $ 26,105 | $ 5 | 111,861,799 | (111,455,584) | 432,325 | ||
Stockholders’ equity (in shares) at Dec. 31, 2018 | 2,610,568 | 500 | |||||
Stockholders’ equity at Dec. 31, 2018 | $ 26,105 | $ 5 | 111,861,799 | (111,848,939) | 38,970 | ||
Net loss | (119,764) | (119,764) | |||||
Stockholders’ (deficit) (in shares) at Mar. 31, 2019 | 2,610,568 | 500 | |||||
Stockholders’ (deficit) at Mar. 31, 2019 | $ 26,105 | $ 5 | $ 111,861,799 | $ (111,968,703) | $ (80,794) |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 3 Months Ended |
Mar. 31, 2019 | |
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, 2018, September 2018, November 2018 April 2019. May 9, 2019, no second 2019, no not In April 2017, 1 2 1 10 June 15, 2017, June 20, 2017. 1 10 |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 2. 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. In January 2019 no |
Note 3 - Liquidity and Profitab
Note 3 - Liquidity and Profitability | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | Note 3 . Liquidity and Profitability The accompanying 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 financial statements do not twelve During 2017 $1,940,005. March 31, 2019, $76,000 $99,000.. We have undertaken, and will continue to implement, various measures to address our financial condition, including: ● Consummate the acquisition of 12 1 not no If the Transaction is not • 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 The Company management believes that these measures, coupled with cash on hand and a line of credit from a related party (see Note 9 twelve no May, 2020 not |
Note 4 - Summary of Significant
Note 4 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 4 . Summary of Significant Accounting Policies U naudited I nterim Condensed Financial Information The unaudited interim condensed financial statements of the Company as of March 31, 2019 three March 31, 2019 2018 10 1934, 8 X 1933, In the opinion of management, the accompanying unaudited interim condensed financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at March 31, 2019 three March 31, 2019 2018. 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 March 31, 2019, 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, The Company follows the provisions regarding Accounting for Uncertainty in Income Taxes, not not 50 December 31, 2018 December 31, 2017. 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 5 - Equipment and Furnishi
Note 5 - Equipment and Furnishings | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 5 . Equipment and Furnishings The amount of equipment and furnishings as of March 31, 2019 December 31, 2018, Description March 31, 2019 December 31, 2018 Office equipment and furnishings $ 21,829 $ 21,829 Computer equipment 787 787 Total 22,616 22,616 Less accumulated depreciation (4,848 ) (4,040 ) Equipment and furnishings, net $ 17,768 $ 18,576 Depreciation expense related to equipment and furnishings amounted to $808 three March 31, 2019. |
Note 6 - Preferred Stock and Co
Note 6 - Preferred Stock and Common Stock | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 6 . 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 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 1,056,903 1,293,334 2,500 257,831 Preferred Stock Dividends The holder of Preferred Stock is entitled to receive cumulative, non-compounded cash dividends on each outstanding share of Preferred Stock at the rate of 10% 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 March 31, 2019 December 31, 2018. $11,250 $10,000 March 31, 2019 December 31, 2018, not Common Stock As of March 31, 2019 838,060 32.10% 838,060 351,966 91,348 |
Note 7 - Earnings (Loss) Per Sh
Note 7 - Earnings (Loss) Per Share | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 7 . Earnings (Loss) per Share The Company excluded from its diluted earnings per share calculation 500 March 31, 2019 2018 |
Note 8 - Stock-based Compensati
Note 8 - Stock-based Compensation | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 8 . 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 $ - 4.75 $ - Options granted 10,000 6.00 - - - Options exercised - - - - - Options expired - - - - - Balance December 31, 2018 70,000 $ 7.71 $ - 3.86 $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance March 31, 2019 70,000 $ 7.71 $ - 3.61 $ - 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 9 - Related Party Relation
Note 9 - Related Party Relations and Transactions | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 9 . 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% On July 27, 2016, $250,000. 10% December 31, 2016 $471,826. 10% may May 31, 2017. $0. On September 13, 2018, “2018 2018 September 1, 2018. 2018 $5,000 2018 June 8, 2017 $15,000 $45,000 March 31, 2019 2018, During 2018 $125,090 December 31, 2018 $57,244 March 31, 2018. July 31, 2018. The Company’s directors have not 2018 2017 8 As of December 31, 2018 March 31, 2019, 838,060 32.10% 838,060 351,966 91,348 |
Note 10 - Subsequent Events
Note 10 - Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 1 0 . 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. Other than the following, the Company did not In April 2019, May 2019. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | U naudited I nterim Condensed Financial Information The unaudited interim condensed financial statements of the Company as of March 31, 2019 three March 31, 2019 2018 10 1934, 8 X 1933, In the opinion of management, the accompanying unaudited interim condensed financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at March 31, 2019 three March 31, 2019 2018. not |
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 March 31, 2019, |
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, The Company follows the provisions regarding Accounting for Uncertainty in Income Taxes, not not 50 December 31, 2018 December 31, 2017. 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 5 - Equipment and Furnis_2
Note 5 - Equipment and Furnishings (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Description March 31, 2019 December 31, 2018 Office equipment and furnishings $ 21,829 $ 21,829 Computer equipment 787 787 Total 22,616 22,616 Less accumulated depreciation (4,848 ) (4,040 ) Equipment and furnishings, net $ 17,768 $ 18,576 |
Note 8 - Stock-based Compensa_2
Note 8 - Stock-based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Option, 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 $ - 4.75 $ - Options granted 10,000 6.00 - - - Options exercised - - - - - Options expired - - - - - Balance December 31, 2018 70,000 $ 7.71 $ - 3.86 $ - Options granted - - - - - Options exercised - - - - - Options expired - - - - - Balance March 31, 2019 70,000 $ 7.71 $ - 3.61 $ - |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) | Jun. 20, 2017 | Mar. 31, 2019 |
Reverse Stock Split [Member] | ||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 10 | 10 |
Note 3 - Liquidity and Profit_2
Note 3 - Liquidity and Profitability (Details Textual) | 11 Months Ended | 12 Months Ended | |
Dec. 31, 2017USD ($) | Dec. 31, 2017USD ($) | Mar. 31, 2019USD ($) | |
Proceeds from Issuance of Private Placement | $ 1,940,005 | $ 1,940,005 | |
Cash, Ending Balance | $ 76,000 | ||
Net Working Deficit | $ (99,000) | ||
Number of Stores | 12 |
Note 4 - Summary of Significa_2
Note 4 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Dec. 31, 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 | $ 0 | $ 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 5 - Equipment and Furnis_3
Note 5 - Equipment and Furnishings (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Depreciation, Total | $ 808 | $ 808 |
Note 5 - Equipment and Furnis_4
Note 5 - Equipment and Furnishings - Equipment and Furnishings (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Equipment and furnishings, gross | $ 22,616 | $ 22,616 |
Less accumulated depreciation | (4,848) | (4,040) |
Equipment and furnishings, net | 17,768 | 18,576 |
Office Equipment [Member] | ||
Equipment and furnishings, gross | 21,829 | 21,829 |
Computer Equipment [Member] | ||
Equipment and furnishings, gross | $ 787 | $ 787 |
Note 6 - Preferred Stock and _2
Note 6 - Preferred Stock and Common Stock (Details Textual) | Jun. 30, 2017USD ($) | Jun. 20, 2017 | Feb. 29, 2016USD ($)shares | Mar. 31, 2019USD ($)shares | Sep. 30, 2017shares | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($)$ / 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 | $ | $ 11,250 | $ 10,000 | |||||||
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% | 32.10% | |||||||
Marino Family Holdings LLC [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 351,966 | 351,966 | |||||||
Banyan Rail Holdings LLC [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 91,348 | 91,348 | |||||||
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 | 1,056,903 | ||||||||
Share From Private Placement [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 1,293,334 | ||||||||
Shares from Prior Year Private Placement [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 2,500 | ||||||||
Shares From Preferred Stock and Preferred Dividend Exchange [Member] | |||||||||
Common Stock, Shares, Outstanding, Ending Balance | 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 | 10 |
Note 7 - Earnings (Loss) Per _2
Note 7 - Earnings (Loss) Per Share (Details Textual) - shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 500 | 500 |
Note 8 - Stock-based Compensa_3
Note 8 - Stock-based Compensation (Details Textual) - shares | Jun. 11, 2018 | Aug. 23, 2017 | Mar. 31, 2019 | 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 8 - Stock-based Compensa_4
Note 8 - Stock-based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Balance, number of shares (in shares) | 70,000 | 60,000 | ||
Balance, weighted average exercise price per share (in dollars per share) | $ 7.71 | $ 8 | ||
Balance, weighted average fair value at grant date (in dollars per share) | $ 0 | $ 0 | ||
Balance, weighted average remaining contractual life (Year) | 3 years 222 days | 3 years 313 days | 4 years 273 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 | |
Balance, weighted average exercise price per share (in dollars per share) | $ 7.71 | $ 7.71 | $ 8 | |
Balance, intrinsic value | $ 0 | $ 0 |
Note 9 - Related Party Relati_2
Note 9 - Related Party Relations and Transactions (Details Textual) - USD ($) | Sep. 13, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2016 | Jul. 27, 2016 |
Monthly Costs for Overhead Items | $ 5,000 | |||||
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 | |||||
Long-term Line of Credit, Total | $ 0 | |||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 15,000 | $ 45,000 | ||||
International Rail Partners LLC [Member] | Billed Amount for Compensation and Expenses [Member] | ||||||
Related Party Transaction, Amounts of Transaction | $ 57,244 | $ 125,090 | ||||
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% | 32.10% | ||||
Marino Family Holdings LLC [Member] | ||||||
Common Stock, Shares, Outstanding, Ending Balance | 351,966 | 351,966 | ||||
Banyan Rail Holdings LLC [Member] | ||||||
Common Stock, Shares, Outstanding, Ending Balance | 91,348 | 91,348 | ||||
Chief Executive Officer [Member] | Patriot Equity LLC [Member] | ||||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% | |||||
Chief Executive Officer [Member] | Banyan Medical Partners LLC [Member] | Patriot Equity LLC [Member] | ||||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% |