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7. Other Current Assets
9 Months Ended
Sep. 30, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

As of September 30, 2014 and December 31, 2013, other current assets included the following:

 

    September 30,     December 31,  
    2014     2013  
Deferred financing costs   $ 118,299     $ 44,986  
Other receivable     3,215       51,250  
Security deposits     9,878       9,878  
    $ 131,392     $ 106,114  

 

The Company recognized $317,789 and $35,035 of amortization expense related to the deferred financing costs during the nine months ended September 30, 2014 and 2013, respectively.