Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2016

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

Balances with related parties consisting of members of the Board of Directors (no Company debt is held by the Company’s executive officers) for borrowings and warrants were as follows:

	As of
	June 30, 2016		December 31, 2015
Debt held by related parties	$	2,162,492	$	1,748,000
Warrants held by related parties		895,594		691,032

	Three Months Ended				Six Months Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Related party interest expense	$	49,239	$	42,410	$	92,819	$	80,876