Note 7 - Convertible Debt (PIK Notes) (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Convertible Debt [Table Text Block]

	Series 2023 Notes			Series A Notes			Total
PIK Note Payable, Gross	$	13,400,958		$	22,977,103		$	36,378,061
Less: Discount		(1,791,109	)		(14,841,648	)		(16,632,757	)
Less: Deferred Financing Cost		(6,650	)		(10,850	)		(17,500	)
PIK Note Payable, Net	$	11,603,199		$	8,124,605		$	19,727,804
PIK Note Derivative Liability	$	230,329		$	3,626,505		$	3,856,834

	Series 2023 Notes			Series A Notes			Total
PIK Note Payable, Gross	$	12,762,816		$	21,882,955		$	34,645,771
Less: Discount		(1,854,894	)		(15,717,991	)		(17,572,885	)
Less: Deferred Financing Cost		(7,828	)		(13,422	)		(21,250	)
PIK Note Payable, Net	$	10,900,094		$	6,151,542		$	17,051,636
PIK Note Derivative Liability	$	262,764		$	4,876,093		$	5,138,857