Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Principal Repayments Due Under Term Loan

The principal repayments due under the term loan as of March 31, 2015, are as follows:

2015	$	813,715
2016		3,432,771
2017		3,736,197
2018		3,017,317
Total Growth Term Loan payments		11,000,000
Less discount		(500,311	)
Plus final fee premium		80,438
Total Growth Term Loan, net	$	10,580,127

Summary of the Convertible Notes Issued

Below is a summary of the convertible notes issued as of March 31, 2015:

Date Issued	Draw Amount		Maturity Date
February 25, 2015	$	1,500,000	March31, 2016
March 25, 2015		1,500,000	March 31, 2016
Total convertible note draws		3,000,000
Less discount		(709,822)
Total convertible notes, net	$	2,290,178