Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2013

Our debt obligations for continuing operations consist of the following:



	December 31, 2012			March 31, 2013
Obligations to Secured Lenders:
Line of Credit: $3,000,000 principal and $9,188 accrued interest in December 2012 and March 2013	$	3,009,188		$	3,009,188
Capital lease obligation: $3,146,110 principal, $31,344 accrued interest in December 2012; $2,984,095 principal, $29,730 accrued interest in March 2013	3,177,454			3,013,825
Obligations to Other Creditors:
June/ July 2012 Bridge Notes: $7,100,000 principal, $214,751 accrued interest, less $1,504,353 debt discount in December 2012; $7,100,000 principal, $209,938 accrued interest, less $1,079,927 debt discount in March 2013	5,810,398			6,230,011
January 2013 Bridge Notes: $1,650,000 principal, $708,003 debt discount in March 2013	—			941,997
Other obligations	63,510			55,498
Debt obligations of continuing operations, current and non-current	12,060,550			13,250,519
Less: obligations classified as current, net of amortization of debt discounts	(9,578,723		)	(10,970,497		)
Debt obligations of continuing operations, non-current	$	2,481,827		$	2,280,022

Schedule of Future Minimum Lease Payments for Capital Leases

The following table sets forth the total minimum lease payments under capital leases for equipment along with the present value of the net minimum lease payments as of March 31, 2013:



Nine months ending December 31, 2013	$	1,006,610
Twelve months ending December 31, 2014	1,342,146
Twelve months ending December 31, 2015	1,810,301
Total minimum lease payments	4,159,057
Less: Amount representing interest	(1,174,962		)
Total present value of net minimum lease payments	2,984,095
Less: Current portion of the present value of minimum lease payments	(736,737		)
Capital lease obligation, net of current portion	$	2,247,358

Scheduled Maturities of Debt Obligations

The table below shows scheduled maturities of our long term debt obligations of our continuing operations for each of the following periods until maturity:



Twelve months ending March 31:	Debt Maturities		Amortization of Discount			Net Maturities of Debt Obligations
2014	$	12,758,427	$	(1,787,930	)	$	10,970,497
2015	939,878					939,878
2016	1,340,144					1,340,144
	$	15,038,449	$	(1,787,930	)	$	13,250,519