DEBT (Tables)

3 Months Ended

Mar. 31, 2014

Debt

As of March 31, 2014 and December 31, 2013, debt is as follows:

	March 31, 2014		December 31, 2013
Short-term debt:
January Private Placements	$	2,477,500	$	—
February Private Placements		1,382,083		—
Convertible Promissory Notes		—		650,000
Notes Payable		11,378,539		—
Promissory Notes		15,000,000		—
Total short-term debt	$	30,238,122	$	650,000

Interest Expense

Interest expense for the three months ended March 31, 2014 and 2013 is as follows:

	2014			2013
Accretion of convertible notes to face value	$	3,859,583		$	—
January and February 2014 Private Placements		578,938			—
Promissory notes to FIN sellers		125,000			—
Accretion of the original issue discount		304,080			—
Change in fair value of derivatives		(3,893,250	)		—
Other		28,225			34,311
	$	1,002,576		$	34,311