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Loan facility (Tables)
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Loan Facility
          AMOUNT  

BALANCE - January 1, 2013

      $ —     

Bank loan cash received - October 30, 2013

        2,500,000   

Warrant discount

        (226,255

Financing costs

        12,744   
     

 

 

 

BALANCE - December 31, 2013

        2,286,489   

Accrued interest

        9,844   

Accretion of warrant discount

        213,511   

Repayment fee and penalty

        100,000   

Repayment of bank loan and interest

        (2,609,844
     

 

 

 

BALANCE - June 30, 2014

      $ —     
     

 

 

 
Summary of Bank Loan Facility
     JUNE 30, 2014      DECEMBER 31,
2013
 

Short-term portion of bank loan

   $ —         $ 250,000   

Long-term portion of bank loan

     —           2,036,489   
  

 

 

    

 

 

 
   $ —         $ 2,286,489