XML 55 R12.htm IDEA: XBRL DOCUMENT

DEFERRED FINANCING COSTS, NET	6 Months Ended
DEFERRED FINANCING COSTS, NET	Jun. 30, 2015
Amortization of Deferred Charges [Abstract]
DEFERRED FINANCING COSTS, NET	DEFERRED FINANCING COSTS, NET On January 10, 2014 the Company paid $15,000 to Full Circle Capital Corporation (“Full Circle”) as a deposit for deal-related expenses related to the long-term financing commitment. On January 21, 2014 as part of the $500,000 proceeds from the warrant being issued to Full Circle, $100,000 was retained by Full Circle out of the total consideration of $500,000 to cover legal and deal-related expenses in connection with the long-term financing commitment from Full Circle (see Note 11). The deferred financing costs of $115,000 are being amortized over the estimated term of the long-term financing agreement of three years (see Note 10). Amortization expense was approximately $9,600 and $9,600 for the three months ended June 30, 2015 and 2014, respectively, and approximately $19,200 and $16,000 for the six months ended June 30, 2015 and 2014, respectively. The unamortized deferred financing balance was approximately $64,000 and $83,000 at June 30, 2015 and December 31, 2014, respectively.