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Debt Issuance Costs	3 Months Ended
Mar. 31, 2016
Debt Issuance Costs
Debt Issuance Costs	6. Debt Issuance Costs During 2014, the Company recorded $323,021 to debt discount for the initial fair value of the warrant to purchase common stock and $27,500 to deferred financing costs related to third party fees paid in connection with the Square 1 Bank loan, which are amortized on a straight-line basis over the 42 month term of the loan which approximates the effective interest method. During 2015, deferred financing costs increased $7,425 to reflect the fees related to the third tranche of the Square 1 loan, which is further discussed in footnote 7. Total amortization expense for the debt issuance costs was $25,740 and $25,038 during the three months ended March 31, 2016 and 2015, respectively.

Debt Issuance Costs

3 Months Ended

Mar. 31, 2016

6. Debt Issuance Costs

During 2014, the Company recorded $323,021 to debt discount for the initial fair value of the warrant to purchase common stock and $27,500 to deferred financing costs related to third party fees paid in connection with the Square 1 Bank loan, which are amortized on a straight-line basis over the 42 month term of the loan which approximates the effective interest method. During 2015, deferred financing costs increased $7,425 to reflect the fees related to the third tranche of the Square 1 loan, which is further discussed in footnote 7.

Total amortization expense for the debt issuance costs was $25,740 and $25,038 during the three months ended March 31, 2016 and 2015, respectively.