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Debt Obligations (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Principal Repayments Due Under Term Loan

The principal repayments due under the term loan as of June 30, 2016, are as follows:

 

2016

 

$

2,995,821

 

2017

 

 

6,389,782

 

2018

 

 

5,163,822

 

Total Growth Term Loan payments

 

 

14,549,425

 

Less discount and deferred financing costs

 

 

(402,042

)

Plus final fee premium

 

 

343,282

 

Total Growth Term Loan, net

 

$

14,490,665