Deferred Financing Costs	9 Months Ended
Sep. 30, 2012
Deferred Financing Costs	Note 5. Deferred Financing Costs Deferred financing costs at September 30, 2012 consist of costs incurred from third parties in conjunction with the debt financing which closed on July 25, 2012 (See Note 6). The costs in connection with the debt financing were capitalized and are amortized to interest expense over the term of the related debt. As of September 30, 2012, the unamortized deferred financing costs totaling $245,408 are reported as deferred financing costs in the consolidated balance sheets. During the quarter ended September 30, 2012, Opexa amortized $24,710 of deferred financing costs as interest expense.

Note 5. Deferred Financing Costs

Deferred financing costs at September 30, 2012 consist of costs incurred from third parties in conjunction with the debt financing which closed on July 25, 2012 (See Note 6). The costs in connection with the debt financing were capitalized and are amortized to interest expense over the term of the related debt. As of September 30, 2012, the unamortized deferred financing costs totaling $245,408 are reported as deferred financing costs in the consolidated balance sheets. During the quarter ended September 30, 2012, Opexa amortized $24,710 of deferred financing costs as interest expense.