Financing Transactions (Tables)

9 Months Ended

Sep. 30, 2014

Financing Transactions [Abstract]

Principal Payments on the Term Loan

Remaining principal payments on the term loan are scheduled as follows:

Year	Principal Payments
2014	$	249,999
2015		750,007
	$	1,000,006

Term Loan, Net of Debt Discount

The term loan, net of a debt discount of $6,684, is recorded on the condensed consolidated balance sheet, as of September 30, 2014, as follows:

Current portion of long-term debt	$	993,322
Long-term debt, less current portion		-
	$	993,322