CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 59,989,329	$ 67,493,047
Accounts receivable	61,935	98,736
Prepaid expenses and other assets	840,724	789,285
Total current assets	60,891,988	68,381,068
Property and equipment, net	4,745,781	2,690,579
Other assets	371,243	374,004
Total Assets	66,009,012	71,445,651
Current liabilities:
Accounts payable	1,297,306	1,040,868
Accrued expenses	2,974,493	1,934,411
Current portion of long-term debt	5,850,051	5,225,818
Total current liabilities	10,121,850	8,201,097
Long-term debt, less current portion	10,373,081	11,246,188
Derivative financial instruments	2,763,327	3,297,077
Other Liabilities, Noncurrent	1,591,306	0
Total Liabilities	$ 24,849,564	$ 22,744,362
Commitments and contingencies (Note 8)
Stockholders’ equity
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 60,600 shares outstanding at March 31, 2016 and December 31, 2015; designated as Series A Convertible Preferred Stock with liquidation preference of $606,000 at March 31, 2016 and December 31, 2015	$ 60	$ 60
Common stock, $0.0001 par value, 150,000,000 shares authorized; 29,782,601 and 29,737,601 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	2,979	2,974
Additional paid-in capital	160,312,881	157,585,498
Accumulated Other Comprehensive Income (Loss), Net of Tax	(651)	0
Accumulated deficit	(119,155,821)	(108,887,243)
Total stockholders’ equity	41,159,448	48,701,289
Total liabilities and stockholders’ equity	$ 66,009,012	$ 71,445,651