Quarterly report pursuant to Section 13 or 15(d)

Cumulative Redeemable Convertible Preferred Stock (Details Textual)

Cumulative Redeemable Convertible Preferred Stock (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Jul. 14, 2017
Jul. 19, 2016
Sep. 30, 2017
Sep. 30, 2017
Preferred Stock, Shares Authorized     1,000,000 1,000,000
Convertible Preferred Stock, Terms of Conversion   Each share of Preferred Stock may be converted (at the holders election) into 2.00 shares of the Companys common stock (as may be adjusted for any stock splits, reverse stock splits or similar transactions), representing a conversion price of $12.50 per share    
Stock Repurchased During Period, Shares 120,000      
Payments for Repurchase of Preferred Stock and Preference Stock $ 4,092,153      
Common Stock, Shares Held in Escrow, Shares 509,500      
Adjustments To Additional Paid In Capital, Reclassification Of Cumulative Dividends On Redeemable Convertible Preferred Stock     $ 905,000 $ 0
Redeemable Preferred Stock Description (a) the Company repurchased from 1347 Investors a total of 120,000 shares of the Preferred Stock for an aggregate sum of $4,092,153 in cash, (b) for a period of six months after such repurchase, the Company will have the right to repurchase from 1347 Investors, in one or more transactions, all or a portion of the remaining 280,000 shares of Preferred Stock owned by 1347 Investors for a purchase price equal to 130% of the liquidation value per share plus 130% of any and all accrued but unpaid dividends thereon as of the date of closing of the purchase of such shares and (c) 1347 Investors will not, with respect to the 509,500 shares of common stock held in escrow pursuant to its current lock-up arrangement that expired on July 20, 2017, sell or otherwise transfer such shares of common stock during the period from such expiration through October 20, 2017      
Redeemable Convertible Preferred Stock [Member]        
Preferred Stock, Shares Authorized     1,000,000 1,000,000
Preferred Stock, Dividend Payment Terms   preferential dividends at a rate of: (i) 8% per annum in years one through three from issuance; (ii) 10% per annum in years four through five from issuance; and (iii) 12% per annum thereafter, payable in equal quarterly installments    
Preferred Stock, Redemption Terms   In the event of liquidation, dissolution or winding up, the holders of the Preferred Stock will be entitled to receive $25.00 per share of Preferred Stock, plus accrued but unpaid dividends thereon, whether declared or not, before any amount is paid or any assets are distributed to holders of junior capital stock    
Series A Preferred Stock [Member]        
Stock Issued During Period, Shares, Acquisitions   400,000